Vietnam: exports expected to fall 7% in 2016

Vietnam: exports expected to fall 7% in 2016
09 December 2016

According to the Vietnam Building Materials Association under the Ministry on Construction, Vietnam is projected to earn just US$556m this year from 15Mt of cement and clinker exports, representing a seven per cent YoY decline.

In the first 11 months of this year, Vietnam exported 13.97Mt of cement and clinker, a 5.93 per cent YoY fall as a result of competition from foreign rivals such as China, India and Pakistan. High export costs also contributed to the weaker performance.

Vietnam has 76 production lines with a combined capacity of 81.56Mta. The country’s cement sales are forecast to reach 95Mt by 2020, with 80Mt sold domestically and 15Mt as export, according to Nguyen Quang Cung, chairman of the Vietnam National Cement Association.

Published under Cement News

Tagged Under: Exports Vietnam