Vietnam notes fall in exports in 2016

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.