It is forecast that there will be many difficulties for the cement industry, due to weak demand and fierce competition both domestically and internationally.

The sale of Vietnamese cement products reached 70.7 million tonnes over the past eight months of 2021, up 4 percent year-on-year amid the COVID-19 pandemic which had negative impacts on many other industries.

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.

Cement, tile and construction glass are seeing excess supply over demand, according to the Ministry of Construction.

Exports of cement and clinker reached an impressive figure of about 19.26 million tonnes in the first five months of this year, increasing by 50 percent over the same period last year.

The cement industry is forecast to see a significant increase in domestic sales in 2021, driven by investment in infrastructure, foreign direct investment inflow and the recovery of the real estate market. However, exports are set to slow down.

Maintaining exports would be critical for the cement industry amid rising production output and anticipated sluggish domestic sales this year.

Vietnam’s cement and clinker exports are well on track to fulfil the target set for the whole year with a positive turnover of nearly 750 million USD seen in the first seven months, statistics from the General Department of Vietnam Customs showed.

The domestic cement industry achieved impressive results in exports over the first eight months of this year to reach the target for the whole year.

The development strategy of the cement industry by 2030 towards 2050 would ensure a balance between the supply and demand for cement.

The country’s cement surplus this year could be 30 million tonnes and reach 35 million tonnes by 2020 if Vietnam does not export cement.