Vietnam consumption update

Vietnam consumption update
Published: 03 June 2010

Vietnam consumed 19.67Mt of cement in the first five months of this year, equalling 39% of its full-year target, the Ministry of Construction said without giving on-year comparative figure.

The country’s cement sales fell to 4.31Mt in May from 5.01Mt in April, the MoC was quoted by the Thoi bao Kinh te newspaper as saying Thursday.

Cement producers in Vietnam produced 4.36Mt in May, raising the country’s total cement output to 20.15Mt, fulfilling 40.3% of its full-year target.

This year, cement firms plan to operate 13 more production lines with total designed capacity of 11.7Mt, raising the country’s total designed capacity to 65Mt and actual production capacity of 55Mt.

Vietnam’s cement sales are forecast to reach 50Mt and 51.5Mt in 2010, up 11% on-year.