Cement industry is seeing signs of recovery this year after two years of glut caused by oversupply and weak domestic demand, driven by hastened public investment in infrastructure development and lower input costs.
Difficulties in production and consumption are still facing cement businesses. Input prices for cement production continued to increase, also putting a burden on enterprises.
Viet Nam’s cement consumption continued to register strong growth in the first half of this year, especially cement exports, according to the Ministry of Construction.
The domestic building materials market has remained stable and is growing well in the first months of 2018, meeting consumer demand, the Ministry of Construction (MoC) said.
Cement sales increased in May, adding to a rising trend which is
expected to continue on the back of a credit package worth VND30
trillion (US$1.42 billion) for domestic real estate.