Vietnam cement makers have a capacity of 122.34 million tons of cement a year, however, the local market is expected to absorb just 65 million tons in 2025. Moreover, cement exports are expected to reach a maximum of 35 million tons leaving an excess supply of roughly 25 million tons, according to the Ministry of Construction.

The Investor is reporting that this supply-demand mismatch is seeing cement makers slash prices, however, it notes that production costs are not coming down. It is also covering calls from cement producers for a 5 percent tax on clinker exports to be removed.

The publication points out that Vietnamese cement is also currently being investigated amid dumping allegations in the Philippines. The outcome from this investigation could be significant with the Philippines among the biggest buyers of Vietnam’s cement exports.

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