Facing the pressure of raw material prices, Vietnam's export growth to key markets such as China may slow down!

On April 12, according to the statistics of Vietnam Cement Association, Vietnam's domestic cement sales reached 13.5 million tons in the first quarter of this year, and nearly 6 million tons in March, an increase of more than 1 million tons compared with the same period last year, and an increase of more than 3.5 million tons annually. Vietnam's domestic demand will return to 5-7% growth in 2022

due to the recovery of domestic civil construction and the promotion of public investment. In the period of 2022-2023, after the completion of land acquisition and demolition compensation for projects using public funds, cement enterprises will really benefit from infrastructure investment projects. However, the problem faced by cement enterprises is that the cost of raw materials for cement production and domestic cement production remains at a high level.   

In addition, due to the pressure of raw material prices, export growth, especially to key markets such as China, may slow down.