Export declines, 26 million tons of cement in stock

According to the Vietnam National Cement Association (VNCA), domestic consumption of cement in 2017 is estimated to reach around 60 million tons, leading to an abundance of 26 million tons in stock.
 
VNCA said that the sector’s total productivity is 86 million tons while just 60 million tons are estimated to consume in local market.
VNCA also predicted that the consumption of cement in 2020 will be able to reach round 82 million tons or 36-47 million tons will be abundant.
Accordingly, VNCA Chairman Nguyen Quang Cung warned domestic cement enterprises should take heed to manufacturing technology and enhance products’ competitiveness for time-saving and cost save.
Additionally, enterprises must improve its production, distribution, consumption and taking care of consumers for sustainable export.

By LAC PHONG – Translated by UYEN PHUONG

Other news

Most view

Banking-finance

Bitcoin use might face criminal charge in Vietnam

The issue, supply and use of illegal means of payments including Bitcoin and other crypto currencies might face criminal charge according to Item 1, Article 26 of the Penal Code 2015, which has been amended and supplemented in 2017.
 

Economy

Retailers urged to keep up with innovation trends

The retail industry has changed dramatically in the digital age where everything is connected, requiring retailers to continue to innovate to better serve customers’ diverse needs, speakers have said at a one-day summit held in Ho Chi Minh City.
 

Self - introduction

Stock market

MoC sells 118.3million of DIG's shares

The Development & Investment Construction (DIG) Corp, said Ministry of Construction (MoC) has registered to sell 118.3 million shares accounting for 49.65 percent of DIG’s total capital within one month starting November 17.