Vietnam cement exports predicted to remain level in 2021

Vietnam: SSI Research has predicted that Vietnamese cement exports will not grow in 2021. The reason for this is the expected stabilisation of China’s domestic cement supply, which is forecast to increase its share of the market. The Viet Nam News newspaper has reported that China accounts for 57% of Vietnamese cement and clinker exports. Other factors restricting export growth are safeguard duties in Bangladesh and the Philippines and the Vietnam government’s mandatory minimum domestic sales regulations, variously between 65% and 70% of total output.