Vietnam Cement Association. The main reason lies in the slowdown of construction behavior. Recently, however, the demand for cement is also in the stage of gradual recovery. It is worth noting that Vietnam's cement export volume has maintained a positive growth rate due to the rising demand for cement in China since the second quarter.
Recent clinker and cement export data show that in the past seven months, Vietnam exported about 19.5 million tons of cement, with cement exports of about 732 million US dollars. Compared with the same period last year, the export volume has increased by nearly 2 million tons. The growth of China's infrastructure sector has driven the growth of cement demand, which has increased by nearly 35% year-on-year, accounting for 52% of Vietnam's total cement exports. Cement consumption in Vietnam
is expected to rise by 3% next month as the country steps up public investment spending. In 2021, the recovery of Vietnam's macro-economy and the development of infrastructure activities will further boost cement demand, which is expected to rebound by 3-5%.
The Vietnamese government has spent about 700 trillion Vietnamese Dong, or about $30 billion, in public investment this year. About VND 200 trillion has been invested in major infrastructure projects, such as the North-South Expressway and Tan Son Nhat International Airport.
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