Supply of cement will meet Vietnamese domestic market demand next year, according to the Ministry of Construction.
Deputy Minister of Construction Nguyen Tran Nam said according to cement consumption figures this year, the ministry expected demand to reach 55-56.5Mt next year with domestic cement production hitting 70Mt.
These projections included 19-19.5Mt from the Vietnam Cement Corporation, 17-17.5Mt from joint ventures and the remaining from other cement plants, Nam said.
Next year, the production capacity of domestic cement producers could meet the domestic demand but producers would still need to import material for cement production. The ministry estimated the country must import 1Mt of clinker, the main material for cement production, in 2012.
Meanwhile, the ministry estimated that this year’s domestic cement demand would not increase against last years, he said.
The local cement demand in 2011 was predicted to reach 50Mt, the same rate as last year, and lower than the target 54.5-56Mt target.
In the first nine months of this year, the nation consumed 35.27Mt of cement, or 65.2 per cent of the target.