Skip to main content

Vietnam cement industry records growth in 2017

Published by
World Cement,


Vietnamese cement shipments reached 80 million t in 2017, according to figures from the Vietnamese Department of Construction Material and reported by Viet Nam News, a local news site. The figure represents an increase of 6% on the previous year.

Local cement consumption rose 3% to 62 million tpy, while exports jumped 20% to 18 million t – more than 20% of the total shipped.

Production meanwhile reached 83 – 85 million tpy, a rise of 4 – 6% on 2016. Vietnam has installed capacity of around 100 million tpy spread across 82 cement production lines.

Continued robust growth in the construction sector seems likely to support additional cement consumption in coming years. According to BMI Researc, the Vietnamese construction sector to grow by 9.6% year on year in 2017 and by a similar amount this year. The industry will then continue to grow robustly, averaging 7.2% in the 2017 – 2026 period.

“Growth will be led by ongoing investments in infrastructure development and real-estate construction from both public and private sources,” BMI Research said.

Despite the positive headline figures, the industry will lag behind its full potential, BMI Industry continued, as financial and logistical challenges will prevent planned infrastructure projects being implemented on schedule.

Large projects are often delayed for “years on end” the research firm continued, as the weak financial health of Vietnam’s central and state governments, difficulties acquiring and clearing land, and budget overruns drag out the time taken to implement the planned project pipeline.

Read the article online at: https://www.worldcement.com/asia-pacific-rim/11012018/vietnam-cement-industry-records-growth-in-2017/

You might also like

 

 WCT2021

WCT2021

At WCT2021 you will hear from a range of industry leaders and technical experts as they discuss the key challenges facing the cement industry and the latest solutions on offer. Register for free today »

 

Hanson shares 2021 Sustainability Report

Hanson’s 2021 sustainability report highlights the company’s 2030 commitments and the progress made during the 2020 calendar year, despite the unprecedented challenges brought about by COVID-19.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Cement news 2018