Six-month cement exports expand 50% year-on-year

Wednesday, 2018-06-27 11:59:01
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Vietnam consumed a total of 8.71 million tonnes of cement in June this year, up 30% over the same period in 2017 (illustrative image)
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NDO - Vietnam has exported more than 15 million tonnes of cement in the first six months of 2018, a sharp increase of 50% over the corresponding period last year.

According to the Construction Materials Department under the Ministry of Construction, Vietnam consumed a total of 8.71 million tonnes of cement in June this year, up 30% over the same period in 2017.

Of that figure, approximately 6,91 million tonnes of cement were sold domestically, up 29% over the same period in 2017 and 1,8 million tonnes of cement were shipped abroad, an increase of 35% over the same period in 2018.

In the January-June period, Vietnam was estimated to consume 51.42 million tonnes of cement, up 25% over the same period last year, equivalent to 61% of the yearly target.

Notably, cement exports continued to advance with 15.42 million tonnes shipped abroad in the six-month period, meeting 85.6% of the year's plan and up 30% over the same period in 2017.

Vietnam's inventory of cement was estimated at 3.1 million tonnes in the first six months of this year, equivalent to 14-15 days of cement production.

Experts in the area of construction materials said that high domestic consumption of cement was attributed to favourable weather for construction while expanded cement exports were mainly due to the halt of cement production in a number of cities in China.