Vietnam to Have 30M-35M Tons of Cement of Surplus by 2020

Vietnam is forecast to have a huge surplus of cement at 30 million-35 million tons by 2020 if the current production capacity and development impetus are maintained, said the Vietnam Cement Industry Corporation (Vicem).

 

An addition 18 cement projects with combined capacity of 20.47 million tons are slated for operation this year, including 10 of the Vicem with nearly 11 million tons, said Nguyen Ngoc Anh, General Director of the corporation.

 

By 2020, Vietnam’s cement output will reach 115 million tons, thus finding export markets for the product is a difficult task for Vicem and other producers, said the general director.

 

Cement export needs to be considered carefully due to high transportation cost, said Mr Anh, noting that no countries in the world produce cement for export and they only export cement as their cement reserve is in surplus.

 

Ha Tien Cement Joint Stock Co. shipped over 160,000 tons of cement to Cambodia in Jan 2009, and Cam Pha Cement Joint Stock Company, a subsidiary of the listed Vietnam Import-export and Construction Corporation (Vinaconex), exported its first batch of 12,500 tons cement to Mozambique Mar 25.

 

Hoang Mai cement maker will also export its products to Africa, Middle East and some other nations in coming time. (CafeF)