Cement industry is seeing signs of recovery this year after two years of glut caused by oversupply and weak domestic demand, driven by hastened public investment in infrastructure development and lower input costs.
The investigation was initiated on August 8, 2024 at the request of Taiwan Cement Manufacturers Association and covered the period from July 1, 2023 to June 30, 2024.
The Ministry of Construction said it had proposed adding cement sector planning to the list of specialised technical planning under the Planning Law, but the proposal was not approved by the National Assembly.
TRAV recommended that the Việt Nam Steel Association (VSA) notify relevant local manufacturers and exporters to answer the investigation questionnaire within the prescribed deadline.
While cement supply is projected to reach approximately 124.75 million tonnes this year, domestic demand is only expected to be around 63.5 million tonnes.
The Philippines has initiated a preliminary safeguard measures investigation on the importation of cement from various countries, including Việt Nam, according to the Việt Nam Trade Office to the Philippines.
The price adjustment will see an increase of VNĐ50,000 per tonne for most companies, while The Vissai has set a smaller increase of VNĐ46,300 per tonne.
With the Chinese real estate market stagnant, Chinese cement surplus is set to compete with Vietnamese cement in export markets like the Philippines, Central America and South Africa. This competition is straining the health of cement firms, a trend likely...
Only 44,600 tonnes of cement and clinker were exported to the Chinese market in the first six months of this year, bringing in less than US$1.57 million in foreign currency.
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 association and its members urged the government to review the tax, which they say has placed additional burden on the already struggling industry.