Vietnam considers cutting export tariff to rescue cement manufacturersVietNamNet Bridge - The Ministry of Planning and Invetsment (MPI) has proposed slashing the export tariff to save cement manufacturers facing million tons of cement in stock. Cement manufacturers have been struggling to export cement to ease the domestic oversupply. However, with the changes in tax policies, the clinker export cost has increased to $4.5 per ton and the cement export cost $7.5 per ton, which has made Vietnam’s cement uncompetitive with Chinese, Thai, Indonesian and Japanese products. Cement manufacturers have been struggling to export cement to ease the domestic oversupply. In Thailand, the cement production cost is 70 percent of the production cost in Vietnam.

Source: VietNamNet News August 05, 2017 02:03 UTC