Bharat
Book Bureau Provides the Trending Market Research Report on “Vietnam Cement Industry Market:
Technologies and Global Markets “under Chemical & Materials Market Research Report category. The Vietnam Cement Industry Market is
projected to exhibit highest growth rate over report offers a collection of superior market
research, market analysis, and competitive intelligence and industry reports.
In 2021, Vietnam’s GDP increased
by 2.58%, reached 3626.19 billion USD. Considering the spread of COVID-19 in
2020-2021, the annual GDP growth rate of 2.58% is already a good figure in the
world. Vietnam’s economy has been increasing rapidly for many years, but wages
of the manufacturing are still at a low level, which were less than 50% in
China and far below that of the developed countries in 2021.
Vietnam cement and clinker production volume reached 101.22
million tons in 2021, increased 1.1% YOY.
According to analysis, compared to China or other developed countries, low
labor cost is one of advantage of Vietnam cement industry. Besides, Vietnam
possesses rich ore resources, which are raw materials of cement. The production
cost of cement is mainly influenced by coal price.
Construction of infrastructure and booming property industry contributed to
increasing domestic consumption of cement in Vietnam in recent years. Several
large infrastructure projects are also underway. However, urbanization rate of
Vietnam is still very low, only less than 40.4% by the end of 2021, which means
the consumption of cement is not currently at the peak.
Cement designed capacity in Vietnam is expected to surge in the next three to
five years thanks to aggressive expansion of local manufacturers including Tan
Thang, Vissai, and Xuan Thanh. In conclusion, Vietnam is expected to face with
continuous supply surplus before reaching equilibrium. In other words, export
volume of cement is estimated to keep rising in the future.
According to analysis, Vietnam’s cement production will maintain growth from
2022 to 2031. The drivers of rising cement production volume in Vietnam include
(1) the rising demand for cement in the domestic market with the development of
Vietnam's real estate industry and infrastructure (2) the export volume will
also grow year by year due to the low-price level of cement in Vietnam.
Topics covered:
Overview of Vietnam's Cement Industry
Economic and Policy Environment of Vietnam’s Cement Industry
What is the impact of COVID-19 on the Cement industry in Vietnam?
Vietnam’s Cement Market Size, 2016-2021
Import and Export Analysis of Cement in Vietnam
Analysis of Vietnam's Major Cement Plantation and Processing Enterprises
Key Drivers and Market Opportunities in Vietnam’s Cement Industry
What are the key drivers, challenges, and opportunities for Vietnam’s
Cement Industry during 2022-2031?
What is the expected revenue of Vietnam’s Cement market during 2022-2031?
Which segment of Vietnam’s Cement market is expected to dominate the market
in 2031?
What are the major adverse factors facing the Cement industry in Vietnam?
Forecast on Vietnam’s Cement Market, 2022-2031
Browse
our full report with Table of Contents:
https://www.bharatbook.com/report/1363105/research-report-on-vietnam-cement-industry
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