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News Vietnamese cement surplus to remain in 2025

Vietnamese cement surplus to remain in 2025

Written by Global Cement staff 03 February 2025
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Vietnam: The general director of Vietnam Cement Industry Corporation (VICEM), Nguyen Thanh Tung, says that Vietnam will suffer continued cement overcapacity amid high production costs in 2025. Full-year production is forecast at 125Mt, 96% greater than an expected domestic demand of 63.5Mt. Việt Nam News has reported that Vietnam’s cement exports face an on-going investigation in Taiwan, and are already subject to anti-dumping duties in the Philippines.

VICEM aims to raise its domestic clinker sales volumes by 8% year-on-year to 18Mt, in order to generate sales of US$1.16bn. To this end, Tung urged the government to adopt cement reinforcement in roadbuilding, as well as lifting the export tax on cement.

Last modified on 06 February 2025
Published in Global Cement News
Tagged under
  • Vietnam
  • Outlook
  • VICEM
  • Vietnam Cement Industry Corporation
  • Overcapacity
  • oversupply
  • market
  • costs
  • Duty
  • Export
  • Tax
  • Philippines
  • Taiwan
  • trade
  • Government
  • roadbuilding
  • lobbying
  • Standards
  • demand
  • Consumption
  • Production
  • GCW695
  • Asia
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