Sales rise as infrastructure works begin and real estate continues to recover.
Total sales of cement reached 9.44 million tons in January and February, 6 per cent higher than in the same period last year, the Ministry of Construction has announced.
Nearly 7.3 million tons was consumed domestically while 2.2 million tons were exported.
According to a forecast from the International Economic Information Department under the Ministry of Industry and Trade, demand for cement will stand at between 75 and 77 million tons this year, up 4 to 7 per cent against 2015. Domestic consumption is expected to increase from 59 to 60 million tons while export volumes will fall 16 to 17 million tons.
The cement price has remained stable around the country since last year due to steady production costs. In 2015 the basic price of cement did not increase at all, despite rising input prices.
One reason for the greater consumption is the State allocating capital to infrastructure works in transport, hydropower, and social housing.
The country’s real estate market also continues to warm up, pushing cement consumption upwards. Vietnam now has nearly 60 cement producers with a total capacity of approximately 81.5 million tons.