Resolution 77 provides further impetus for the development of the construction materials and cement industries.

Nghị quyết 77 tiếp thêm động lực cho ngành vật liệu xây dựng và xi măng phát triển- Ảnh 1. — With a series of measures taken by the Government to alleviate difficulties, the consumption of construction materials in general, and cement in particular, is recording a positive recovery and growth in the first three months of the year. - Photo: VGP/Toan Thang

Associate Professor Dr. Luong Duc Long, Vice President and General Secretary of the Vietnam Cement Association, stated that although Vietnam is entering a period of industrialization and modernization, the current demand for cement remains low.

In newly developing countries, as they transition from poor, underdeveloped nations to industrialized ones, when GDP per capita reaches over $4,000 per year, cement demand will exceed 1,000 kg per person per year. However, Vietnam's domestic consumption is currently less than 650 kg per person per year.

On April 10th, the Government issued Resolution No. 77/NQ-CP (Resolution 77) requiring ministries, sectors, and localities to effectively implement tasks and solutions for socio-economic development in the coming period.

Accordingly, the Prime Minister assigned the Ministry of Construction to take the lead 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 such as cement, iron, steel, etc., especially researching and proposing a reduction in the tax rate on clinker.

Experts believe that the government's attention to the building materials industry, as demonstrated in Resolution 77, has "breathed new life" into the industry's development in the coming period.

"I highly welcome the spirit of Government Resolution 77 and believe that the building 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 stated that after a period of difficulties in product consumption, cement consumption in both domestic and export markets has recorded positive recovery and growth.

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

Exports in March 2025 reached 3,024,996 tons, equivalent to 107% compared to the same period in 2024. Of this, cement accounted for 1,790,273 tons, equivalent to 105% compared to the same period in 2024 and 102% compared to the previous month of February.

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

Regarding the government's request for research agencies to propose a reduction in the tax rate on clinker, Associate Professor Dr. Luong Duc Long believes this is a positive step to address the current oversupply problem in the domestic cement market.

However, the Vietnam Cement Association also hopes that the Government will continue to study the possibility of reducing the clinker tax rate to zero, in line with international practice.

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