Demand for cement and clinker is expected to rise marginally 4-5 percent to 101-103 million tonnes in 2020, according to the Ministry of Construction.
Vietbuild Hanoi 20019 will take place from September 4-8 in the capital city, featuring 1,600 pavilions from 18 countries and territories, organizers said at a press conference on August 30.
The prospects of cement enterprises in the second half of the year will continue to improve, especially during the construction season at the end of the year, according to Chairman of the Vietnam Cement Association (VNCA) Nguyen Quang Cung.
The cement production industry may face increasing pressure from an anticipated excess of supply over demand, although the industry posted good sale results this year.
Vietnam’s cement industry saw strong growth in cement exports in the first quarter of this year as many Chinese cement factories shut down due to pollution and power shortages.
The country’s cement surplus this year could be 30 million tonnes and reach 35 million tonnes by 2020 if Vietnam does not export cement.
The imposition of 5% export tax on cement is weighing down the industry, which has been facing a severe surplus of supply over demand in the local market.
The total consumption of cement till September 2015 rose 3% against the same period of last year to 52.11 million tonnes, according to the Ministry of Construction.
(VOV) - The cement industry posted growth in the first seven months of the year on the back of strong domestic consumption despite lagging exports, according to the latest statistics of the Ministry of Construction (MOC).