Facts Of The Cement & Concrete Industry In Vietnam
Vietnam Cement Sales Rise By 9.8% to 15.7Mt in first quarter of 2016
Total clinker and cement sales in Vietnam rose by 9.8% year on year to 15.71Mt in the first quarter of 2016, the Building Material Department under the Ministry of Construction has said the sales figure represents 20.7% of the country’s target for 2016.
In March 2016, the country’s cement sales rose by 17% year on year to 6.27Mt, supported by growing construction projects and the recovery of the real estate market. Clinker and cement exports grew by 115% year on year to 1.35Mt March 2015. Total export volumes for the first quarter of 2016 rose by 2% to 3.5Mt.
The Ministry of Construction forecasts that Vietnam’s sales of cement and clinker will rise 4-7% on year between 75-77 Mt in 2016 despite economics concerns. The country now has 76 cement production lines with a combined production capacity of 82Mt/yr.
New Cement Plants To Boost Production
Three cement plants under construction will add an estimated 8.3 million tonnes to the industry total output by 2018, intensifying pressure on prices amidst stagnant demand. The three new cement plants are Tan Thang Plant, with an annual capacity of 2 million tonnes of cement and Song Lam Plant in central NgheAn Province, with a 4 million tonnes expected capacity for the 2015-17 period and ThanhThang Plant, with a 2.3 million tonne cement capacity in northern Ha Nam Province. The new plants were expected to be operational in 2017.
Cement Consumption Up Year – On – Year
Total consumption of cement till September 2015 rose by 3 percent against the same period of last year to 52.11 million tonnes, according to the Ministry Of Construction.
Vietnam Cement Industry Listed Top 5 In The World
Vietnam’s cement sector has been listed as one of top 5 in the world in terms of capacity, after China, India, Iran and US. Cement supply next year is expected to meet domestic consumption demands and 15-16 million tonnes for exports each year, in addition to a reserve of 10-15 percent to stabilize the market. Nguyen QuangCung, Chairman of Vietnam Cement Association (VNCA) added there would be a number of major projects going on in 2017-2018.