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27.02.2007 Social News

Vietnam expected to see cement oversupply in 2010

By GNA

Vietnam's domestic supply for cement is forecast at around 60 million tons in 2010, while its demand at some 50 million tons, local newspaper Vietnam Investment Review reported.

The cement demand is predicted to post an annual growth of 10.5-11.5 percent from 32.5 million tons in 2006 to around 50 million tons in 2010, according to the state-owned Vietnam National Cement Corporation (VNCC), which currently holds a 43-per cent domestic market share.

The demand annually grew by 16.4 percent from 16.7 million tons

in 2001 to 29 million tons in 2005. The corporation produced 13.6

million tons of cement in 2006.

In the 2007-2010 period, VNCC would make priority investment in

five new cement projects totalling over one billion U.S. dollars to produce an additional 10 million tons.

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