Domestic cement consumption on the rise

According to the Department of Building Materials under the Ministry of Construction, cement and clinker consumption of Vietnam from the outset of this year grew over 15 percent to 24 million tonnes,

The Vietnam Cement Industry Corporation (Vicem) sold 4 million tonnes of cement of the total, 31 percent higher than its sales in the corresponding period in 2015. 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 of Building Materials, thriving cement consumption in Q2, 2016 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.