Vietnam: Vietnam Cement Association (VCA) chair Nguyễn Quang Cung has announced the suspension of all cement plant projects scheduled to begin in 2020. Cung said that oversupply and a lack of financial liquidity have made it unfeasible for cement producers to finish cement plant projects, according to Vietnam News Brief Service. The average cost of an integrated cement plant in Vietnam is US$194m.
Two projects - the 2.5Mt/yr Tan Thanh cement plant and 2.3Mt/yr Long Son cement plant - will be completed in 2020, bringing the domestic integrated production capacity of Vietnam to 106Mt/yr across 86 plants.
