HA NOI (VNS)— The consumption of building materials in the first quarter of this year decreased by 20-30 per cent over the same period last year.
Cement consumption during the three-month period was 10.94 million tonnes, only 19.54 per cent of the annual plan.
Many cement producers had adjusted their operations to keep inventory rates at 5.5 per cent in March, lower than the normal rate of 10 per cent.
Building glass also fell 40 per cent compared to the same period last year, according to the vice chairman of the Viet Nam Association of Building Materials, Nguyen Quang Cung.
The use of other building materials dropped between 60-75 per cent, Cung said. — VNS