VN Cement Corporation

VN Cement Corporation
Published: 08 December 2003

A Ministry of Trade official said there would be no considerable price hike in the domestic cement market even as demand increased during the final days of the year. Hoang Xuan Tho said the country¹s largest cement maker, Viet Nam National Cement Corporation, could take some of the credit for stable prices. The company had kept reserves of between 2.8-2.9Mt of cement since this year¹s third quarter, said Tho. The company had imported clinker ‹ material needed in the production of cement ‹ and kept it in reserve to last through the end of this year and early next year. A Ministry of Construction report found cement demand rose in October and November by 10 per cent over the early third quarter. The report stated about 2.1Mt were sold on average each month until the end of November, an increase of 15 per cent over the same period last year. The report forecast cement consumption would rise to between 2.3-2.4 million tonnes or 17 per cent over last year.