Economy & Market
Vietnam cement sales may reach 95 MT/yr by 2020
VIETNAM: Vietnam´s cement sales are predicted to reach 95 MT by 2020, says Nguyen Quang Cung, chairman of the Vietnam Cement Association (VNCA). The total will include 80 MT/yr of domestic sales and 15 MT/yr of clinker and cement exports, according to the Vietnam News Agency. Vietnam´s domestic cement sales are predicted to rise by 5-5.5 MT/yr to hit 80 MT by 2020. The country´s cement and clinker exports will stay at 15 MT/yr, Cung added, noting that Vietnam will be able to satisfy the demand. He also predicted that the country´s cement sales will reach 77 MT in 2016, including 60 MT of domestic sales and 15.5-17 MT of exports. The Ministry of Construction previously forecast that Vietnam´s sales of cement and clinker would rise 4-7 per cent year-on-year to 75-77 MT in 2016, despite ongoing economic problems.