Vietnam production down 7.2% so far in 2012

Byyyp

Updated Thu, 31 May 2012 00:00:00 GMT

Cement producers in Vietnam are estimated to have made 22.5Mt of cement in the first five months of 2012, down 7.2% from the same period of 2011.

In May 2012, the Southeast Asian nation is likely to have produced 5.5Mt of cement, up by 5.5% year-on-year, according to a report from the the government's General Statistics Office. The office also revised down the country's cement output in January to April 2012 to 17.1Mt from earlier estimated figures of 17.8Mt.

In 2011, Vietnam produced and sold 49.3Mt of cement. The country also imported 1.15Mt of clinker and exported 5.5Mt of cement and clinker during the period/

Vietnam's cement consumption is forecast to reach 55 – 56.5Mt in 2012, rising by 11 - 12% compared to 2011. However the country's cement output is expected to rise to 73Mt in 2012 due to the additional operation of eight new cement plants with a combined production capacity of 6.9Mt. Local cement makers are predicted to face huge difficulties due to big surplus of cement.