Clinker Export Tax Cut: A Fresh Breeze for Vietnam’s Cement Industry?
Starting from May 19, 2025, Vietnam’s cement industry has entered a new chapter. Under Decree 108/2025/NĐ-CP, the export tax on clinker has been reduced from 10% to 5%. This policy is valid until the end of 2026 and will return to the original rate in 2027.
This is more than just a tax change. It’s a clear signal from the government to ease difficulties and revive an industry under pressure both at home and abroad.
🎯 Two goals at once: Relief and momentum
After years of oversupply, with 92 production lines but only 77% running, and 34 lines already shut down, Vietnam’s cement industry is facing serious challenges in inventory, cash flow, and market demand.
The clinker tax cut acts as a release valve, giving companies a chance to:
Clear excess inventory and ease financial pressure
Offer better export prices to compete with low-cost rivals like China and Indonesia
Restructure operations or invest in green technology
📉 Short-term: Still uncertain
The policy is positive, but the market hasn’t responded clearly. Some deals are delayed as companies wait for guidance or haven’t adjusted prices yet.
Current FOB clinker prices remain at USD 35–38/ton, still low and not yet reflecting the new tax advantage.
📈 Mid-term: Optimism on the horizon
Data from early 2025 shows clinker exports rose 3.2% in the first four months. The policy is starting to work, though external factors continue to hold back a strong rebound.
🌍 External barriers still exist
The Philippines is considering extending safeguard tariffs.
Taiwan has already applied anti-dumping duties.
The US hasn’t acted yet, but exporters remain cautious.
👷 SUPAS seizes the opportunity
SUPAS, a key player in clinker and bulk cement exports, is adjusting strategy in line with the new tax change. With logistics advantages, stable material sources, and global clients, SUPAS believes this is the right moment to grow market share and long-term strength.
🔮 What’s next?
If exporters quickly adjust prices and leverage public investment, Vietnam’s clinker exports could grow 10–15% in 2025.
👉 Lower taxes are just the beginning. For real progress, the industry must go greener, improve product quality, and make the most of trade agreements.
Collector: Ms. Elly (+84 369 980 010)
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