Resolution 77 adds momentum to the development of the construction materials and cement industry.

With a series of measures taken by the Government to remove difficulties, the consumption of construction materials in general and cement in particular is recording a positive recovery and growth in the first 3 months of the year - Photo: VGP/Toan Thang

Associate Professor, Dr. Luong Duc Long, Vice President and General Secretary of the Vietnam Cement Association, said that although our country is entering the stage of industrialization and modernization, the current demand for cement is still low.

In newly developed countries, from poor underdeveloped countries to industrialized countries, when GDP per capita reaches over 4,000 USD/year, the demand for cement will reach over 1,000 kg/person/year. However, Vietnam's domestic consumption is currently less than 650 kg/person/year.

On April 10, the Government issued Resolution No. 77/NQ-CP (Resolution 77) requesting ministries, branches and localities to effectively implement socio-economic development tasks and solutions in the coming time.

Accordingly, the Prime Minister assigned the Ministry of Construction to preside over and coordinate with the Ministry of Finance and relevant agencies to urgently develop mechanisms and policies to promote the consumption of domestically produced construction materials (VLXD) such as cement, iron, steel... especially researching and proposing tax reductions on clinker.

Experts say that the Government's attention to the construction materials industry, expressed through Resolution 77, has "breathed in the wind of motivation" for the industry to develop in the coming time.

"I welcome the spirit of Resolution 77 of the Government and believe that the construction materials industry in general and the cement industry in particular will develop strongly," Associate Professor, Dr. Luong Duc Long emphasized.

Citing specific figures, the Vice President and General Secretary of the Vietnam Cement Association said that after a period of difficulty in product consumption, cement consumption in both the domestic and export markets has recorded positive recovery and growth.

Specifically, domestic consumption in March 2025 reached 7,827,942 tons, equal to 122% compared to the same period in 2024, equal to 191% compared to the previous month. Accumulated domestic consumption in the first 3 months of 2025 reached 15,556,243 tons, equal to 114% compared to the same period in 2024.

Exports in March 2025 reached 3,024,996 tons, equal to 107% compared to the same period in 2024. Of which, cement was 1,790,273 tons, equal to 105% compared to the same period in 2024 and equal to 102% compared to the previous February.

Cumulative domestic consumption and export of cement products in the first 3 months of the year reached 23,911,616 tons, equal to 110% compared to the same period in 2024.

Regarding the Government's request for research agencies to propose reducing tax rates on clinker, Associate Professor, Dr. Luong Duc Long said that this is a positive move to solve the problem of oversupply in the current domestic cement market.

However, the Vietnam Cement Association also hopes that the Government will continue to research to reduce the clinker tax rate to zero according to international practice.

Toan Thang

Source: https://baochinhphu.vn/nghi-quyet-77-tiep-them-dong-luc-cho-nganh-vat-lieu-xay-dung-va-xi-mang-phat-trien-102250424095049341.htm