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News Vietnam's cement sector minimally impacted by EU’s CBAM

Vietnam's cement sector minimally impacted by EU’s CBAM

Written by Global Cement staff 05 September 2024
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Vietnam: Vietnam's cement sector anticipates minimal impact from the EU's carbon border adjustment mechanism (CBAM) as exports to the EU account for less than 2% of total sales, according to the Vietnam News Brief Service. However, Luong Duc Long, vice president and general secretary of the Vietnam Cement Association, remains alert to potential changes in emission thresholds that could incur additional taxes. Currently, the country’s cement sector emits 700 - 750kg/t of CO₂, with goals to reduce this to 650kg/t by 2030 and to 550kg/t by 2050 through technological advancements like rotary kilns and AI, as well as the use of alternative fuels and waste management solutions.

Last modified on 11 September 2024
Published in Global Cement News
Tagged under
  • Vietnam
  • Vietnam Cement Association
  • carbon border adjustment mechanism
  • European Union
  • Export
  • Emissions
  • GCW676
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