The association and its members urged the government to review the tax, which they say has placed additional burden on the already struggling industry.
In the first eight months of the year, cement companies exported more than 23.5 million tonnes of cement and clinker, an increase of 13.7 per cent year-on-year.
The pre-equitisation valuation of the Viet Nam Cement Industry Corporation (Vicem) done by the independent auditor was off by nearly VND1.17 trillion (US$50.3 million).
Viet Nam Cement Industry Corporation (VICEM) targets a net revenue of VND40 trillion (US$1.72 billion) this year, a level that would mark a year-on-year increase of 10 per cent.
Viet Nam’s cement consumption continued to register strong growth in the first half of this year, especially cement exports, according to the Ministry of Construction.
As stated in StoxPlus Cement Market Report 2018, Viet Nam''s cement and clinker sales volume reached 80.3 million tonnes in 2017, posting an increasing growth rate for three years in a row.
The Bank for Foreign Trade of Viet Nam (Vietcombank) on Monday was estimated to receive VND342.6 billion (US$15.2 million) from selling its entire stakes in the Saigon Bank for Industry and Trade (SaigonBank) and Viet Nam Cement Finance Company (CFC).