Vietnam is estimated to encounter oversupply of 10-12 million tons of cement each year in the 2010- 2012 period, according to local newspaper Vietnam Economic Times on Monday.

With a cement output of over 60 million tons in 2010, Vietnam will become the biggest cement producer in Southeast Asia in the year, according to the forecast of the Vietnam Cement Association.

The Ministry of Construction has recently proposed the Vietnamese government limit the license of new cement projects to deal with the potential oversupply. A large number of new projects on producing cement using the revert-furnace technology are being implemented nationwide.

Vietnam currently has 13 cement factories using the revert- furnace technology with total annual designed capacity of 21.5 million tons, 55 cement plants employing the blast-furnace technology with combined capacity of 5 million tons, and some independent grinding stations with total designed capacity of over 6 million tons, according to statistics from the ministry.

Source: Xinhua