Vietnam clinker and cement exports down 22.82% MoM in February 2026 / Philippines -23.92%, Malaysia -33.93%

Vietnam exported clinker and cement to the tune of US$100 million in February, down from US$130 million in January, a change of -22.82 percent, according to preliminary data from Vietnam’s General Department of Customs.

Year to date, Vietnam had exported US$230 million worth of clinker and cement by the end of February.

The Philippines accounted for US$9 million worth of Vietnam’s clinker and cement exports in February, down from US$12 million in January, a change of -23.92 percent. Year to date, Vietnam has shipped US$21 million worth of clinker and cement to the Philippines.

Malaysia followed, accounting for US$6 million in February, down from US$8 million in January, a change of -33.93 percent. Year to date, Vietnam has shipped US$14 million worth of clinker and cement to Malaysia.

Bangladesh came next with US$4 million in February, down from US$8 million in January, a change of -51.43 percent. Year to date, Vietnam has shipped US$12 million worth of clinker and cement to Bangladesh.

Taiwan recorded US$3 million in February, up from US$2 million in January, a change of 21.57 percent. Year to date, Vietnam has shipped US$5 million worth of clinker and cement to Taiwan.

Rounding out the top five, Brazil accounted for US$3 million in February, down from US$3 million in January, a change of -5.12 percent. Year to date, Vietnam has shipped US$6 million worth of clinker and cement to Brazil.

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Listed cement companies

Key cement firms listed on the Vietnam stock exchange include:

Vicem Ha Tien Cement JSC (HT1)

Vicem Ha Tien Cement JSC (HT1) produces and distributes cement and construction materials for southern Vietnam. (HT1)

In February, HT1 shares moved from 14.85 to 17.05, a change of 2.20 (0.15 percent).

Foreign ownership moved from 1,766,373.11 to 1,781,825.55, a change of 15,452.44 (0.01 percent).

Thuan Duc Joint Stock Company (TDP)

Thuan Duc Joint Stock Company (TDP) produces and trades plastic packaging and industrial sacks for cement and fertiliser producers. (TDP)

In February, TDP shares moved from 35.70 to 29.05, a change of -6.65 (-0.19 percent).

Foreign ownership moved from 447,787.00 to 446,740.00, a change of -1,047.00 (0.00 percent).

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Vietnam cement news

Recent developments in cement in Vietnam include:

Cement industry woes

Vietnam Cement Association is advocating for cutting clinker export tax from 10 percent to 5 percent through 2026 to support exports, with global overcapacity and protectionism are intensifying competition.

Vicem Hai Van Cement is reported to have said 2025 supply far exceeded demand, price competition worsened, input costs stayed high and rising electricity prices added further pressure on margins.

Fico Tay Ninh Cement’s chief executive said structural fragmentation and persistent oversupply mean public investment can only ease difficulties, not resolve core industry weaknesses. Read more→

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Vietnam’s cement industry

Vietnam’s cement industry is one of the largest in Southeast Asia, with a total production capacity exceeding domestic demand and positioning the country as a major exporter of clinker and cement.

The sector is characterised by a mix of state-owned enterprises and private players, with significant investments over the past decade driving capacity expansion and modernisation.

Domestic consumption is closely tied to construction activity, infrastructure development, and real estate cycles, making the industry sensitive to shifts in public investment and property market conditions.

Exports play a critical role in absorbing excess supply, with key markets including the Philippines, Bangladesh, and other regional economies.

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The data

Vietnam exports of clinker and cement in February 2026, US$m