Domestic cement consumption on the rise

Cement and clinker consumption in the country from the outset of this year grew over 15% to 24 million tonnes, meeting 32% of the whole year’s target, according to the Department of Building Materials under the Ministry of Construction.

Local consumption in April alone reached 6.07 million tonnes, surging 17% compared to the same month last year. 

Of the total, 2.4 million tonnes of cement were sold by the Vietnam Cement Industry Corporation (Vicem), 31% higher than its sales in the corresponding period in 2015.

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Meanwhile, cement export remained stable with 5.15 million tonnes, a year-on-year increase of 0.4 million tonnes, 1.06 million tonnes of which were shipped abroad by Vicem.

According to the Department, thriving cement consumption in Q2 was spurred by improvements in the real estate market. However, cement prices still stay stable, it said.

The cement industry sector plans to produce 75-77 million tonnes of cement this year.

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