Cement export faces severe competition

Cement consumption in the year will face difficulties and cement export is also under pressure of competition, reported the Ministry of Construction.

In order to reduce competition, many cement projects were delayed and it is scheduled that no more cement production lines were put into operation this year.

Total cement in stock across the country is around 2.95 million tons . Bangladesh is currently the most important market of Vietnamese cement. In the first month of 2016, Vietnam exported nearly 500,000 tons of cement to Bangladesh worth US$15.15 million equivalent to 34.4 percent of total exported cement.

Additionally, cement supply is abundant in the country.  As a result, entrepreneurs need to have proper measures and plans for production to release pressure,

The Ministry promised to promote construction to push domestic consumption to ensure the cement sector growth.

By Lac Phong - Translated by Uyen Phuong

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