Demand for cement in Vietnam will sharply increase to around 3Mt a month in the fourth quarter of the year, which is the peak construction season, according to the Government’s team for Market Control. The experts said, however, that cement prices will remain stable thanks to sufficient supply.
The Vietnam Cement Corporation (VNCC) said to counter the negative effects of rising petrol prices, it has taken many measures to reduce production costs. Particularly, VNCC is accelerating the construction of two cement projects, New Hai Phong and Song Gianh, with a combined capacity of 2.8Mta, in order to be operational by year-end.
About 2.11Mt of cement was sold in August, a 8.2 per cent decrease compared to the figure in July. The cement prices remain stable with one tonne selling for VND720,000-760,000 in northern provinces and VND840,000-940,000 in southern provinces.