Vietnam produces 5.1Mt of cement in Jan-Feb

Vietnam produces 5.1Mt of cement in Jan-Feb
Published: 06 March 2007

Cement makers in Vietnam reportedly produced 2.3Mt of cement in February, raising the total figure to more than 5.1Mt in the first two months of this year, an increase of 23.6 per cent YoY, said the Ministry of Industry.  
 
Of the total figure, state-run enterprises made 2.98Mt, up 15.7 per cent YoY, foreign-invested firms made 1.6Mt, a rise of 32.8 per cent YoYand the remainder was from private businesses, increasing by 50.7 per cent YoY.
 
Vietnam is estimated to need 35.6Mt in 2007, compared with 32.5Mt in 2006.  
 
According to the Ministry of Construction, the cement industry will need $3.4bn of investment capital to satisfy burgeoning demand for cement by 2010, which is predicted to reach 50Mt.