Taiwan (China) initiated an anti-dumping investigation into cement and clinker originating or imported from Việt Nam, with the alleged dumping margin against Việt Nam being 16.99 per cent.
The sale of Vietnamese cement products reached 70.7 million tonnes over the past eight months of 2021, up 4 per cent year-on-year amid the COVID-19 pandemic which had negative impacts on many other industries.
The Ministry of Planning and Investment (MPI) has proposed export tax cuts on cement while local producers are struggling with high stockpiles as supply has exceeded demand in the domestic market.
General Director of the Viet Nam Cement Industry Corporation (VICEM)
Tran Viet Thang has asked member cement companies to boost domestic
consumption by at least 10 per cent this year.
While exports were identified as a solution for the cement industry to
deal with oversupply at home, there remains stiff competition from large
producers, such as China, Thailand and Indonesia.