Vietnam’s Building Materials Association has used the Ministry of Construction (MoC) to adjust the master plan for the cement industry for the 2011-20 period and has suggested a series of measures to ease the current surplus situation.
The move follows a rising inventory following increases in capacity and lower domestic demand. Current inventory is estimated to reach 25Mt by 2015 and 40Mt by 2020. The association has therefore proposed the government halt nine small cement projects and review nine others that use outdated technology that are scheduled to start in the 2016-2030 period, Vietnam News Brief Service reports.
The association suggests that the Ministry of Transportation start using cement instead of asphalt in its road and highway projects, and recommends restricting imports used for state-funded projects . It has further called for the MoC to revoke the investment licenses of stagnant such as An Phu, Minh Tam, Do Luong and Long Tho 2.
