Demand for essential goods to increase

Demand for 12 essential goods items is forecast to increase next year, including for steel, cement, oil products and coal.
Demand for 12 essential goods items is forecast to increase next year, including for steel, cement, oil products and coal.

Based on Vietnam 's economic growth expectations from 2011-15, theMinistry of Industry and Trade estimated demand for steel products toincrease 8-10 percent to 12.5-12.8 million tonnes in 2011.

The demand for cement next year was predicted to go up by 10 percent to55-56 million tonnes while total output to reach 60 million, thusmeeting demand and keep price stable.

Demand for petroland oil products was forecast to be 17 million tonnes next year, to bemet by 6 million tonnes of domestic production and 11.6 million tonnesof imports.

The nation would balance the demand for 44 million tonnes of coal by producing 47.3 million tonnes, the ministry said.

Paper demand would increase to 2.35 million tonnes next year, to be metby 1.77 million produced locally and 700,000 tonnes from imported.

The nation's consumption of 28 million tonnes of rice in next yearwould be supplied by the expected harvest of 31.6 million tonnes.

The demand on medicine, food and fertiliser was also expected to increase next year.

Meanwhile, Prime Minister Nguyen Tan Dung has called on ministries,agencies and municipal and provincial authorities to implementstrategies to stabilise the market and boost production.

Directive No1875/CT-TTg, released last week was designed to ensure thecountry's growth rate reaches 6.5 percent, while the consumer priceindex did not rise above 8 percent.

Dung said the economy,which typically suffers during the final months of the year, would alsohave to weather capital shortages, rises in the price of essentialgoods, power shortages and potential animal epidemics/.

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