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.
Cement firms are scaling up efforts to boost exports to tackle the growing oversupply in the domestic market.
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.
Statistics from countries whose senior citizens continue working show no increase in unemployment rate of young workers, an official of the United Nations Population Fund (UNFPA) in Vietnam said.
As the domestic cement supply has exceeded demand, exporting products is the only solution for cement manufacturers.
More than 2.8 million elders across the country are receiving retirement pensions and social insurance benefits, while more than 1.5 million others benefit from monthly social allowance, according to the Vietnam National Committee on Aging (VNCA).
(VOV) - The Ministry of Construction has forecast that sales of cement and clinker in Vietnam will jump on-year by up to 4% to 74 million tonnes in 2015, of which domestic sales will be 54 million tonnes and exports 20 million tonnes.