Vietnam cement sales drop 3.38% Jan-August 2012

Cement sales in Vietnam for the first eight months of 2012 fell 3.38 per cent to 30.58Mt, against the same period of last year and fulfilling 55.6 per cent of the full-year target, the country’s Ministry of Construction said.

On a MoM basis, cement sales were down 12.14 per cent from July 2012 to 3.62Mt in August.

Cement consumption is forecast to reach between 55-56.5Mt this year, rising 11-12 per cent YoY, the ministry said.

Cement output also fell 1.47 per cent in the eight months to August 2012 to 31.49Mt.