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

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