Vietnam 10M16 output up 15%

Vietnam’s cement production in the first 10 months of 2016 is estimated to be 64Mta, up 14.9 per cent YoY, according to the government-run General Statistics Office.

In October, preliminary figures show a 14.1 per cent rise YoY to 7.1Mt. In the first nine months of the year, the country produced 56.9Mt of cement.

Vietnam has 76 cement production lines with a total output of 81.56Mt, supported by limestone reserves that are expected to last for the next 100 years and are able to support an expansion of cement exports, according to Viet Nam News.

According to Nguyen Quang Cung, chairman of the Vietnam Cement Association, cement exports will become harder domestic cement producers as the export taxes are expected to rise by US$4.5/t clinker (the average FOB price US$30/t) and US$7.5/ t for cement (the average FOB price US$50/t).