Contractors Delay Vietnam Cement Projects, an Industrial Info Market Brief

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Vietnamese cement producers are delaying expansion projects for three to 12-months and moving kickoff schedules to next year as the country gradually implements its lockdown this week to fight the COVID-19 pandemic. BimSon Cement Joint Stock Company is delaying a project due to difficulties in equipment logistics from its EPC Sinoma International Engineering Company Limited. Other cement makers are expected to follow BimSon Cement's lead due to an expected decline in market demand for cement in Vietnam and the Southeast Asia region.