Vietnam exported 14.73Mt of cement in 2016, down 7.1 per cent YoY, according to the General Department of Vietnam Customs. Export revenues fell 16 per cent YoY to US$561m.
In December the country exported 1.31Mt of cement and clinker to the value of US$50.58m, increasing 7.7 per cent and 10.4 per cent MoM in volume and value, respectively.
Key destinations of cement and clinker exports were Bangladesh and the Philippines. Bangladesh imported 4.7Mt, representing a value of US$141m or 25.1 per cent of the total export value, while shipments to the the Philippines reached 3.8Mt or US$184.8m – a third of Vietnamese clinker and cement exports.
Vietnamese cement producers have faced challenging times in the export markets as foreign companies, including China and Thailand, have mounted strong competition.
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