Future Of The Vietnam Cement Industry
The Export volume of cement is estimated to keep rising
Construction of infrastructure and booming property industry contributed to increasing domestic consumption of cement in Vietnam in recent years. Several large infrastructure projects are also underway.
Cement designed capacity in Vietnam is expected to surge in the next three years for aggressive expansion of local manufacturers including Tan Thang, Vissai, and Xuan Thanh. In conclusion, Vietnam is expected to face with continuous supply surplus before reaching equilibrium. In other words, export volume of cement is estimated to keep rising in the future.
Vietnam’s Ministry of Construction forecast that cement sales would increase by around five per cent to reach 103Mt in 2020, around 70Mt of which would be sold to the domestic market. The association also predicted a five per cent growth rate for the cement industry in 2020.
Total Cement Plants in Vietnam
Integrated Plants: 66
Grinding Plants: 22
Clinker Plants: 1