Vietnam exported clinker and cement to the tune of US$128 million in October, up 9.26 percent over September, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had exported US$1,113 million worth of clinker and cement by the end of October.
Philippines accounted for US$17 million worth of Vietnam’s clinker and cement exports in October. This was down from US$18 million in clinker and cement exports in September, a change of 3.45 percent. Year to date, Vietnam has shipped US$199 million worth of clinker and cement to Philippines.
After Philippines was Bangladesh making up US$14 million worth of Vietnam’s clinker and cement exports in October. This was down from US$20 million in clinker and cement exports in September, a change of 31.53 percent. Year to date, Vietnam has shipped US$173 million worth of clinker and cement to Bangladesh.
Next was Malaysia taking US$7 million worth of Vietnam’s clinker and cement exports in October. This was up from US$6 million in clinker and cement exports in September, a change of 12.24 percent. Year to date, Vietnam has shipped US$49 million worth of clinker and cement to Malaysia.
Following Malaysia was Taiwan representing US$5 million worth of Vietnam’s clinker and cement exports in October. This was up from US$3 million in clinker and cement exports in September, a change of 99.65 percent. Year to date, Vietnam has shipped US$42 million worth of clinker and cement to Taiwan.
Rounding out the top five was Australia constituting US$3 million worth of Vietnam’s clinker and cement exports in October. This was up from US$1 million in clinker and cement exports in September, a change of 160.43 percent. Year to date, Vietnam has shipped US$18 million worth of clinker and cement to Australia.
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Vietnam exports of clinker and cement in October, US$millions
| October | September | MoM | YTD | |
| Total | 128.43 | 117.55 | 9.26% | 1,113.41 |
| Other | 75.13 | 64.80 | 15.95% | 582.31 |
| Philippines | 17.01 | 17.62 | -3.45% | 199.45 |
| Bangladesh | 13.75 | 20.08 | -31.53% | 172.85 |
| Malaysia | 7.05 | 6.28 | 12.24% | 48.90 |
| Taiwan | 5.38 | 2.70 | 99.65% | 41.66 |
| Australia | 2.67 | 1.02 | 160.43% | 17.71 |
| Saudi Arabia | 2.04 | 0.00 | 0.00% | 12.35 |
| Togo | 1.43 | 0.00 | 0.00% | 1.43 |
| Chile | 1.38 | 1.38 | 0.00% | 12.24 |
| Peru | 1.32 | 2.35 | -43.92% | 14.22 |
| Laos | 1.27 | 1.31 | -2.83% | 10.29 |
| Cambodia | 0.31 | 0.32 | -1.42% | 4.24 |
| Sri Lanka | 0.00 | 1.46 | -100.00% | 5.19 |
| Kenya | 0.00 | 1.55 | -100.00% | 4.72 |
| Myanmar | 0.00 | 0.00 | 0.00% | 0.82 |
Cement production
Vietnam produced 16.76 million tons of cement in October, up 7.50 percent from 15.59 million tons in September, according to the latest data from the National Statistics Office.
Over the first ten months of the year, output reached 152.77 million tons.
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Listed cement companies
VICEM Danang Construction Materials
VICEM Danang Construction Materials JSC (DXV) manufactures and trades cement and construction materials under the Vicem network.
DXV closed at VND 3,900 on Thursday down 0 percent with 131,000 shares traded, worth VND 51 million.
Foreign ownership in DXV is currently capped at 0.0 percent, with current foreign ownership sitting at 0.0 percent.
Vicem Ha Tien Cement JSC
Vicem Ha Tien Cement JSC (HT1) produces and distributes cement and construction materials for southern Vietnam.
HT1 closed at VND 15,700 on Thursday up 0.1 percent with 1,675,000 shares traded, worth VND 2,636 million.
Foreign ownership in HT1 is currently capped at 49.0 percent, with current foreign ownership sitting at 3.4 percent.
Thuan Duc Joint Stock Company
Thuan Duc Joint Stock Company (TDP) produces and trades plastic packaging and industrial sacks for cement and fertiliser producers.
TDP closed at VND 32,150 on Thursday down 0 percent with 1,699,000 shares traded, worth VND 5,328 million.
Foreign ownership in TDP is currently capped at 51.0 percent, with current foreign ownership sitting at 0.0 percent.
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Vietnam cement industry news
Cement firm delisting
An Ninh Tien Te was reporting in mid-November that Thai Binh Cement (TBX) faces mandatory delisting from the Hanoi Stock Exchange after losing its public-company status due to insufficient charter capital and shareholder count.
It noted that TBX’s long business decline since 2012 has been driven in part by growing pressure from imported white cement, which has narrowed margins.
Construction materials oversupply
VN Economy was reporting in November that Vietnam’s building-materials sector is facing oversupply in steel plants, coal mines and iron-ore mines, according to brokerage BSC.
BSC reported that steel and cement exports rose in 2025 but warned exports may slow from the first quarter of 2026 due to United States and Taiwan trade actions.
The firm said global oversupply is increasing as China approves new steel projects faster than it closes old plants, while weakening Chinese demand is pushing iron-ore prices lower.
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Vietnam’s cement industry
Vietnam’s cement industry plays a central role in the country’s construction sector, supported by abundant limestone reserves and strong domestic demand.
The market is dominated by state-owned VICEM and its subsidiaries, alongside several regional producers.
Production growth remains steady, driven by public infrastructure projects and exports to Southeast Asia, China, and Bangladesh.
However, overcapacity and high input costs continue to pressure margins, while environmental standards are tightening.