Huge Capital Required for Cement Production

Huge Capital Required for Cement Production

Vietnam will need investment of US$1.42 billion in the 2004-2005 period, US$3.38 billion between 2006 and 2010 and US$175.4 million from 2010 to 2015 for cement production to meet the local demand, according to the latest forecast by the Ministry of Construction.

The ministry also said between 2005 and 2008 the country will give priority to expanding existing cement factories and building new plants in southern, central and northern mountainous areas, and will not invest in blast furnace cement projects.

Cement demand in Vietnam is forecasted to stand at 28.4 million tons in 2005, 46.8 million tons in 2010, 62.5 million tons in 2015, and 68 million-70 million tons in 2020, according to the ministry.

• L.D