Vietnamese cement sales rise by 3.5% in first 11 months

Vietnam sold 72.79Mt of cement in the first eleven months of this year, a rise of 3.5 per cent from a year earlier and this fulfilled 91 per cent of the full-year target.

Of the total, 55.63Mt were sold domestically, up two per cent  YoY, while 17.3Mt were exported, rising two per cent YoY, the Dau Tu Chung Khoan newspaper reported Monday.

However, export taxes have made cost increase by US$4.5t of clinker and US$7.5/t of cement based on average free-on-board prices of US$30 and US$50, respectively.

Vietnam's sales of cement and clinker are predicted to rise 4-6 per cent YoY to between 83Mt and 85Mt in 2018, including between 66Mt and 67Mt of domestic sales and from 17Mt to 18Mt of exports, the Ministry of Construction said.