Reduce cement clinker export tax to 5%

Reduce export tax rate on cement clinker from 10% to 5% from now until the end of 2026.

The Government has just issued Decree No. 108/2025/ND-CP dated May 19, 2025 amending and supplementing Decree No. 26/2023/ND-CP dated May 31, 2023 on Export Tariff Schedule, Preferential Import Tariff Schedule, List of Goods and Absolute Tax Rates, Mixed Tax, and Import Tax Rates Outside Tariff Quotas. Decree No. 108/2025/ND-CP takes effect from the date of signing (May 19, 2025).

Decree No. 108/2025/ND-CP amends the export tax rate for cement clinker products specified in Appendix I - Export tax schedule according to the List of taxable products issued with Decree No. 26/2023/ND-CP.

Specifically, from May 19, 2025, the export tax rate on cement clinker will be reduced from 10% to 5%. From January 1, 2027, the tax rate of 10% will apply.

* According to the Ministry of Construction 's report, currently, the total number of cement production lines invested nationwide is 92, with a total capacity of 122.34 million tons/year. In 2024, the total output of cement and clinker consumed is about 95 million tons, an increase of about 1% compared to 2023; of which, domestic cement consumption is about 65.3 million tons, an increase of about 3% compared to 2023; exports reach about 29.7 million tons, a decrease of about 5% in volume compared to the same period in 2023, the export value is estimated at 1.136 billion USD, a decrease of 14.2% in value compared to 2023.

Currently, cement production lines are operating at an average of only 77% of their total designed capacity. There are 34 lines that have had to stop production for 1 to 6 months, some of which have had to stop for a whole year, many cement production enterprises are losing money...

The Ministry of Finance said that clinker and cement products belong to group 25.23 in the List of Vietnam's import and export goods, with a total export turnover of 1.14 billion USD in 2024. Of which, clinker products belong to 2 codes 2523.10.10 and 2523.10.90 with an export tax rate of 10% in the Export Tax Schedule issued with Decree No. 26/2023/ND-CP, with an export turnover of 301.4 million USD in 2024.

Reducing the export tax rate for cement clinker from 10% to 5% until the end of 2026 will help cement clinker manufacturing enterprises have more than 1 year to adjust their production and business plans and handle inventories. From January 1, 2027, the export tax rate of 10% will apply.

Thanh Quang

Source: https://baochinhphu.vn/giam-thue-xuat-khau-clanhke-xi-mang-xuong-5-102250520153616035.htm