Covering 60ha in the province’s Hoàng Mai 2 Industrial Zone, the factory has a designed production capacity of three million tonnes of cement per year.
Vietnamese manufacturers are set to increase their selling prices following the 8.36 per cent hike in electricity price that launched from March 20.
Demand for cement and clinker is expected to increase marginally to 98-99 million tonnes, according to the Ministry of Construction.
The cement production industry may face increasing pressure from an anticipated excess of supply over demand, although the industry posted good sale results this year.
The domestic cement industry achieved impressive results in exports over the first eight months of this year to reach the target for the whole year.
The strategy on the development of cement industry by 2030 towards 2050 would ensure a balance between the supply and demand for cement.
The country’s cement surplus this year could be 30 million tonnes and reach 35 million tonnes by 2020 if Việt Nam does not export cement.
The Concrete and Cement Expo Việt Nam 2017 opened at the National Exhibition Construction Center (NECC) in Hà Nội on Wednesday.
The Ministry of Planning and Investment has proposed export tax cuts on cement while local producers are struggling with high stockpiles as supply has exceeded demand in the domestic market.