Vietnam has cut the export duty on cement clinker from 10 percent to 5 percent, effective May 19, 2025, English language news site, The Saigon Times has reported.
The reduction was implemented under Decree 108/2025/ND-CP, amending the country’s tariff schedule and will remain in effect until end-2026.
The article notes that:
- Vietnam has 92 cement production lines with a total annual capacity of 122.34 million tons.
- In 2024, total cement and clinker consumption was 95 million tons, up 1 percent from 2023.
- Domestic consumption rose 3 percent to 65.3 million tons; exports declined 5 percent in volume and 14.2 percent in value to US$1.14 billion.
- The Ministry of Construction stated the temporary cut aims to help producers adjust strategies and clear inventories amid a sluggish market.
- Several cement plants are operating at just 77 percent of design capacity.
- Around 34 lines are suspended, some for up to a year, with firms reporting financial losses.
The tax cut provides relief to Vietnam’s overcapacity-hit cement sector and may boost clinker exports in the short term, though structural challenges remain.
See also: Vietnam’s Cement Industry 2025: Growth, Exports & Key Players