Vietnam cement consumption on the rise
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The country’s cement consumption in the first two months of the year posted a year-on-year increase of 85 per cent to reach 18.55 million tonnes.
According to statistics of the Department of Building Materials under the Ministry of Construction, cement consumption in the period had surged both in local and export markets. The department attributed this to a halt in cement production in China.
In February alone, cement consumption reached 7.62 million tonnes, increasing by 38 per cent compared to the same period last year and meeting 23 per cent of the annual target.
Cement sold in the domestic market rose by 11 per cent over the corresponding period last year to 5.02 million tonnes. The country exported 2.6 million tonnes of cement in February, increasing 30 per cent from last year.
Cement exports in the first two months of the year reached 5.5 million tonnes, representing a year-on-year increase of 121 per cent.
Cement prices were stable last month.
Questions & Answers
Q.What contributed to the significant increase in Vietnam's cement consumption in the first two months of the year?
What contributed to the significant increase in Vietnam's cement consumption in the first two months of the year?
The Department of Building Materials under the Ministry of Construction attributed the surge in cement consumption to a halt in cement production in China. This affected both local and export markets for Vietnamese cement.
Q.How much cement did Vietnam export in the first two months of the year, and how does this compare to last year?
How much cement did Vietnam export in the first two months of the year, and how does this compare to last year?
Vietnam exported 5.5 million tonnes of cement in the first two months of the year. This figure represents a substantial year-on-year increase of 121 per cent compared to the same period last year.
Q.What percentage of the annual cement consumption target was met in February alone?
What percentage of the annual cement consumption target was met in February alone?
In February alone, cement consumption reached 7.62 million tonnes, which met 23 per cent of the annual target. This figure also represented a 38 per cent increase compared to February of the previous year.
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