Vietnam's total cement sales including exports increased six per cent YoY to reach 53.22Mt in the first 10 months of 2014, latest data from the country's Construction Ministry's Building Material Department reveals.
Of the amount, 41.54Mt was consumed in the domestic market, up eight per cent compared with the corresponding period last year, while exports rose slightly by one per cent to reach 11.68Mt.
The ministry said that the increase was due to the high demand from property projects that resumed construction, even though the local property market has not recovered completely.
The inventory of cement in October reached 2.84Mt, equivalent to 13 to 15 days of production.
