The Vietnam Cement Corporation (VNCC)’s cement stockpiles are estimated at nearly 1.5Mt, according to the Ministry of Construction. These reserves and cement output produced by VNCC’s plants will ensure enough cement in the market, helping stabilize prices. At present, cement prices of the corporation still remain stable at VND720,000-760,000 per ton in the north and VND840,000-920,000 per ton in the south.
Vietnam is forecast to consume about 2.4-2.7Mt of cement in March, 10-15 per cent higher than consumption volume in the first two months of this year. Vietnam’s cement demand is forecast to reach 28-28.5Mt this year and the country will have to import 4.5Mt of clinker, said the Ministry of Industry.