Vietnam News Network

Vietnam News: Local, National, Business, Sport, Entertainment and Technology

Trade BCHUSD, Bitcoin and Cryptocurrencies

BUY & SELL BCHUSD | View BCHUSD News & Updates


Buy Sell BCHUSD, Bitcoin and Cryptocurrencies

Vietnam cement makers seek halt to new licenses on surplus fear   2009-09-20 - Bloomberg

 
 
   
Vietnam’s cement producers asked the government to stop licensing new plants as supply will likely exceed demand for the commodity, according to a statement on the Ministry of Trade and Industry’s website.

 

Nguyen Van Thien, chairman of Vietnam’s Cement Association, said in the statement that no new plants should be permitted operate “because a surplus of concrete is visible.”

The Southeast Asian country, among the world’s ten- biggest cement producers, may have a cement surplus of more than 10 million tons in 2010 if its 105 plants run at their full capacity, Thien said. Output may exceed 61 million tons next year, compared with domestic demand of 50 million tons.

Thien said exporting the excess is not feasible due to difficulties such as transportation costs and the product’s lifespan, according to the statement.



Other news

Meat rots in city ports as safety rules scare importers   2009-09-20

Vietnam maintains FDI growth despite crisis   2009-09-20

Vietnam to allow license-free export of fertilizer   2009-09-20

Eximbank wins approval to list on HCMC bourse   2009-09-20

Not spooked by Indochina liquidation, VN-Index rises above 550   2009-09-20

Workers scarce as production picks up   2009-09-20

Vietnam cement makers seek halt to new licenses on surplus fear   2009-09-20

BUSINESS IN BRIEF 20/9   2009-09-20

Industrial ‘city’ proposed for Dung Quat Economic Zone   2009-09-20

Indochina Airlines: debt payment agreed and we’ll lease another aircraft   2009-09-20

Tra fish crisis watch   2009-09-20

Businesses to be taught benefits of clean and green production   2009-09-20

Chinese bank to fund shipyard expansion, power plant   2009-09-19

ANZ Vietnam to double its capital   2009-09-19