Vietnam/US: Several Vietnamese cement companies, including Long Son Cement, Nghi Son Cement, Vicem Ha Tien Cement, Thanh Thang Cement, and Xuan Thanh Cement, raised their exports to the US in early 2024. The reasons for the increase include an ongoing local shortage in the US, Việt Nam News has reported.
In 2023, Vicem Ha Tien Cement and Nghi Son Cement made their first shipments of cement to the US, averaging 40,000t per shipment. Vietnam's cement industry, with a production capacity of 120Mt/yr, is experiencing a surplus of 60Mt. To address this, producers have increased their exports, with the majority of sales going to China, the Philippines, Bangladesh, Taiwan and some Middle Eastern countries.