Vietnam to have 30-35Mt surplus by 2020

Vietnam to have 30-35Mt surplus by 2020
Published: 14 April 2009

Vietnam is forecast to have a surplus of cement at 30 -35Mt by 2020 if the current production capacity and development impetus are maintained, said the Vietnam Cement Industry Corporation (Vicem).

An addition 18 cement projects with combined capacity of 20.47Mt are slated for operation this year, including 10 of the Vicem with nearly 11Mt, said Nguyen Ngoc Anh, General Director of the corporation.

By 2020, Vietnam’s cement output will reach 115Mt, thus finding export markets for the product is a difficult task for Vicem and other producers, said the general director.
Cement export needs to be considered carefully due to high transportation cost, said Mr Anh, noting that no countries in the world produce cement for export and they only export cement as their cement reserve is in surplus.

Ha Tien Cement Joint Stock Co shipped over 160,000t of cement to Cambodia in Jan 2009, and Cam Pha Cement Joint Stock Company, a subsidiary of the listed Vietnam Import-export and Construction Corporation (Vinaconex), exported its first batch of 12,500t cement to Mozambique Mar 25.

Hoang Mai cement maker also plans to export its products to Africa, Middle East and some other nations in the future.

Source: Vietnam News Brief Service