Vietnam to launch three more plants by year-end

Cement producers in Vietnam will bring three more plants into production later this year (X18, Quang Phuc and Dong Lam), according to the Vietnam Cement Association (VNCA).

This will take the sector’s total capacity to the 70Mta mark and exacerbate the existing market glut. Cement consumption is forecast to reach 45-46Mt in 2013 and as a result, the new plants will increase the surplus output to 24-25Mt.  

The Vietnamese cement industry is facing a challenging time as local producers have been subject to losses, rising debts and high inventories.