Cement exports up, domestic consumption down
Illustrative image (Photo: VNA)
The estimated sale of Vietnamese cement products reached 70.7 million tonnes in the first eight months of 2021, up 4 percent year-on-year, in which, domestic consumption was about 43.54 million tonnes, down 5 percent, and export volume was 27.23 million tonnes, up 12 percent.
In August alone, the total volume of cement sold was 8.09 million tonnes, down 8 percent against August 2020, of which 4.97 million tonnes was sold in the domestic market and 3.12 million tonnes shipped abroad.
According to Nguyen Quang Cung, Chairman of the Vietnam Cement Association (VNCA), the total volume and value of cement and clinker exports is maintaining at a high increase rate thanks to the growth in the period from January to April, before the fourth wave of COVID-19 broke out.
However, from the end of April, the outbreak of the pandemic has suspended construction projects in Hanoi and Ho Chi Minh City and 19 southern localities, resulting in a decline in demand on cement consumption in the recent months and the following months.
Regarding domestic consumption, the southern region has the strongest increase in consumption in the country with a year-on-year increase rate of 12.2 percent and. Therefore, the prolonged social distancing distance in this region will continue to affect domestic cement consumption significantly.
China, the Philippines and Bangladesh are the largest importers of Vietnam’s cement and clinker./.
Related News
Rubber exports are flourishing, promising potential
17:51 | 20/04/2024 Import-Export
Opportunity for a high open economy like Vietnam
15:56 | 19/04/2024 Headlines
Considering request to anti-dumping investigation on imported hot-rolled HRC steel
10:03 | 08/04/2024 Import-Export
Hundreds of tons of cinnamon essential oil are left in inventory due to export regulations
09:31 | 10/04/2024 Regulations
Latest News
More efforts needed to maintain export growth to China: Insiders
13:55 | 23/04/2024 Import-Export
It is expected that there are higher orders and revenue in the second quarter from European businesses
09:31 | 23/04/2024 Import-Export
Vietnamese rice prices on the hike
15:08 | 22/04/2024 Import-Export
FDI flow into garment and textile sector bounces back
15:06 | 22/04/2024 Import-Export
More News
Investors play a key role in developing the industrial park system
10:38 | 22/04/2024 Headlines
Find ways to a corporation for businesses in industrial parks
10:38 | 22/04/2024 Import-Export
Export turnover of two agricultural product groups grows three-digit
18:10 | 21/04/2024 Import-Export
Early warnings reduce risks in trade defense
18:09 | 21/04/2024 Import-Export
Vietnam becomes biggest rice supplier for Singapore
17:49 | 20/04/2024 Import-Export
Vietnam an attractive destination for electronics, semiconductor investors: Official
17:41 | 20/04/2024 Import-Export
Wood exports started well
13:26 | 20/04/2024 Import-Export
Take advantage of e-commerce leverage for export
13:25 | 20/04/2024 Import-Export
Vietnam earns 1.43 billion USD from rice exports in Q1
15:50 | 19/04/2024 Import-Export
Your care
More efforts needed to maintain export growth to China: Insiders
13:55 | 23/04/2024 Import-Export
It is expected that there are higher orders and revenue in the second quarter from European businesses
09:31 | 23/04/2024 Import-Export
Vietnamese rice prices on the hike
15:08 | 22/04/2024 Import-Export
FDI flow into garment and textile sector bounces back
15:06 | 22/04/2024 Import-Export
Investors play a key role in developing the industrial park system
10:38 | 22/04/2024 Headlines