Vietnam Cement consumption hits 25.07Mt in 1H11

Vietnam Cement consumption hits 25.07Mt in 1H11
07 July 2011

Vietnam’s cement consumption stood at 25.07Mt in the first half of this year, fulfilling 46% of the sector’s full-year target. In June, the country used 3.93Mt of cement, the Ministry of Construction said on its website, giving no on-year comparative figure.

The Southeast Asian nation cement production stood at 4.01Mt in June, raising the country’s total production in the first six months to 25.33Mt, thus meeting 46.5% of the full-year target.

Vietnam spent US$273.46m on cement imports and reaped US$116.8m from cement exports during the Jan-Jun period, fulfilling 41.2% and 34.1% of the country’s 2011 targets, respectively.

The Vietnamese Ministry of Finance currently has proposed to raise export duties for cement and clinker exports to 5.3% and 5%, respectively, aiming to regulate the business profits, driven by the low prices of inputs.

The country’s cement consumption is forecast to reach between 54.5Mt-56Mt  this year, up 9-10% on year, respectively.
Published under Cement News