Vietnam expected to see cement oversupply in 2010

Vietnam expected to see cement oversupply in 2010
Published: 27 February 2007

Vietnam’s domestic supply for cement is forecast at around 60Mt in 2010, while its demand at some 50Mt, according to local press.

The cement demand is predicted to post an annual growth of 10.5- 11.5 per cent from 32.5Mt in 2006 to around 50Mt in 2010, according to the state-owned Vietnam National Cement Corporation (VNCC), which currently holds a 43-per cent domestic market share.

The demand annually grew by 16.4 percent from 16.7Mt in 2001 to 29Mt in 2005. The corporation produced 13.6Mt of cement in 2006.

In the 2007-2010 period, VNCC would make priority investment in five new cement projects totaling over one billion U.S. dollars to produce an additional 10Mt.