Vietnam: The country’s cement industry reached a record high in 2025, with total sales of 112Mt driven by a domestic consumption of 75Mt and nearly 37Mt of exports, according to the Ministry of Construction. This marks a 16% year-on-year increase. Domestic consumption rose by 13% from 2024, supported by strong public investment and the acceleration of key infrastructure projects. The export market also rebounded, growing by 28% year-on-year and generating over US$1.36bn in revenue in 2025. The industry's total cement supply stood at 125Mt. By comparison, total cement sales were 90Mt in 2024, 87Mt in 2023, and 93.6Mt in 2022.
The resurgence comes after a period of subdued activity, during which domestic demand was between 57-63Mt/yr, and exports had fallen to just 29-31Mt. Rising electricity prices remain a major challenge, prompting manufacturers to adjust prices and upgrade their plants to sustain efficiency. On the export front, a reduction in the clinker export tax from 10% to 5%, effective May 2025 through the end of 2026, has bolstered competitiveness and helped cement producers reduce costs in global markets.
