Vietnam’s cement sector is running on 72% capacity utilization in 2022, yet installed capacity has already reached 136 million tons per year as of 2023. While domestic consumption fell 3% to 72 million tons and energy use still clocks in at 110 kWh per ton, exports reached 32.5 million tons in 2022, sending clinker volumes of 22.1 million tons abroad. The tension between capacity, demand, and costs is exactly where Vietnam’s industry statistics get interesting.
Key Takeaways
- Cement production capacity utilization in Vietnam was 72% in 2022
- Total installed cement capacity in Vietnam stood at 136 million tons per year as of 2023
- VICEM holds 25% of Vietnam's total cement capacity at 34 million tons/year
- Vietnam Cement Association (VNCA) members hold 60% market share
- VICEM is the largest producer with 18 million tons output in 2022
- Vissai Group capacity at 12.5 million tons/year
- Cement consumption in Vietnam was 72 million tons in 2022, down 3% from 2021
- Per capita cement consumption in Vietnam reached 72 kg in 2022
- Domestic demand grew 4.5% to 75 million tons in H1 2023
- CO2 emissions from cement production totaled 65 million tons in 2022
- Energy consumption per ton of cement: 110 kWh in 2022
- Employment in cement sector: 120,000 direct jobs in 2023
- Vietnam exported 32.5 million tons of cement and clinker in 2022
- Cement exports value reached USD 1.2 billion in 2022
- Clinker exports from Vietnam were 22.1 million tons in 2022
Vietnam’s cement industry ran at 72% utilization in 2022, with demand slightly down yet exports and capacity still rising.
Related reading
01 · Category
Capacity And Utilization19 stats
01
Cement production capacity utilization in Vietnam was 72% in 2022
02
Total installed cement capacity in Vietnam stood at 136 million tons per year as of 2023
03
VICEM holds 25% of Vietnam's total cement capacity at 34 million tons/year
04
New cement capacity additions in Vietnam totaled 5.2 million tons in 2022-2023
05
Capacity utilization rate dropped to 65% in H1 2023 due to oversupply
06
Vietnam's clinker capacity reached 78 million tons/year in 2022
07
Idle cement capacity in Vietnam was 40 million tons in 2023
08
Regional capacity distribution: North 45%, South 35%, Central 20% in 2023
09
Cement grinding capacity expanded by 3.1 million tons in 2022
10
Utilization rate in northern plants averaged 68% in 2022
11
Southern plants utilization was 75% in 2022
12
Planned capacity reduction of 10 million tons by 2025 announced in 2023
13
Actual clinker utilization rate was 58% in 2023
14
Total capacity grew to 140 million tpa by end-2023
15
Utilization in 2021 was 78%
16
Thang Long Cement new line 2.5 mtpa added 2022
17
Oversupply led to 35% idle capacity north in 2023
18
Clinker capacity utilization 62% H1 2023
19
15 million tons capacity mothballed in 2023
Interpretation
Capacity And Utilization Interpretation
Vietnam’s cement sector showed clear capacity pressure as utilization fell from 72% in 2022 to 65% in H1 2023, even with 136 million tons of installed capacity and 5.2 million tons of new capacity added in 2022 to 2023.
03 · Category
Consumption And Demand20 stats
01
Cement consumption in Vietnam was 72 million tons in 2022, down 3% from 2021
02
Per capita cement consumption in Vietnam reached 72 kg in 2022
03
Domestic demand grew 4.5% to 75 million tons in H1 2023
04
Construction sector accounted for 85% of cement demand in 2022
05
Infrastructure projects drove 25% increase in demand in Q3 2022
06
Urbanization led to 6% annual demand growth projected to 2025
07
Real estate sector consumption was 28 million tons in 2022
08
Northern region consumed 32% of total cement in 2022
09
Southern Vietnam cement demand hit 38 million tons in 2022
10
Export-driven demand adjustment reduced domestic use by 5% in 2023
11
Hydropower projects consumed 4.2 million tons of cement in 2022
12
Road construction demand for cement was 15 million tons in 2022
13
Housing sector demand projected at 40 million tons for 2023
14
Demand forecast 80 million tons for 2023
15
Per capita consumption projected 75kg by 2025
16
Industrial parks demand 5 million tons 2022
17
H2 2022 consumption 36 million tons
18
Public investment projects 20 million tons demand 2023
19
Central region demand 22 million tons 2022
20
Recovery in real estate to boost demand 10% 2024
Interpretation
Consumption And Demand Interpretation
Vietnam’s cement consumption fell to 72 million tons in 2022, but demand is still expanding as domestic demand rose 4.5% to 75 million tons in H1 2023 and urbanization is projected to keep lifting demand by 6% annually through 2025.
04 · Category
Economic And Environmental Impact20 stats
01
CO2 emissions from cement production totaled 65 million tons in 2022
02
Energy consumption per ton of cement: 110 kWh in 2022
03
Employment in cement sector: 120,000 direct jobs in 2023
04
Tax contributions USD 800 million in 2022
05
Waste co-processing rate 5% of fuel needs in 2022
06
Dust emission standards compliance 95% of plants in 2023
07
Green cement production share 12% in 2023
08
Water usage per ton 250 liters industry average
09
Export taxes on cement reduced to 0% in 2022 boosting trade
10
R&D investment 2% of revenue for top firms
11
1.5% GDP contribution projected 2025
12
PM2.5 reduction 20% via new filters 2023
13
150,000 jobs including indirect 2023
14
Biomass use 3% alternative fuel 2022
15
Export revenue contribution 0.8% national exports 2022
16
NOx emissions down 15% compliance upgrades
17
Recycling industrial waste 1.2 mt fuel equivalent 2022
18
Carbon tax pilot on cement 2024 USD 5/ton CO2
19
Energy intensity reduced 5% to 105 kWh/ton 2023
20
Social investment USD 50m community projects 2022
Interpretation
Economic And Environmental Impact Interpretation
In Vietnam, the cement sector combined 65 million tons of CO2 emissions in 2022 with 110 kWh of energy use per ton, yet it shows a measurable environmental shift as waste co-processing reached 5% of fuel needs and dust compliance stood at 95% of plants in 2023.
More related reading
05 · Category
Exports And Imports22 stats
01
Vietnam exported 32.5 million tons of cement and clinker in 2022
02
Cement exports value reached USD 1.2 billion in 2022
03
Clinker exports from Vietnam were 22.1 million tons in 2022
04
Top export destination USA imported 8.4 million tons in 2022
05
Philippines received 5.2 million tons of Vietnamese cement in 2022
06
Export volume grew 12% to 15.3 million tons in H1 2023
07
Cement imports into Vietnam were only 0.8 million tons in 2022
08
Trade surplus in cement reached USD 900 million in 2022
09
Bangladesh imported 3.9 million tons from Vietnam in 2022
10
EU markets took 4.1 million tons of Vietnamese clinker in 2022
11
Export price averaged USD 45/ton for cement in 2022
12
Q4 2022 exports surged 18% to 8.7 million tons
13
Imports of specialized cement types were 0.3 million tons in 2023
14
Exports to Africa 2.1 million tons 2022
15
Clinker shipments to India 1.8 mt 2022
16
US anti-dumping duties affected 10% exports 2023
17
Total export value H1 2023 USD 650 million
18
Imports from China 0.4 mt 2022
19
SEA exports 60% of total volume 2022
20
Price decline to USD 38/ton Q3 2023
21
Taiwan market 2.5 mt imports 2022
22
Import duties on clinker 5% average
Interpretation
Exports And Imports Interpretation
In the Exports and Imports picture, Vietnam’s cement and clinker exports rose to 32.5 million tons in 2022, including 22.1 million tons of clinker, and then grew another 12% in H1 2023 to 15.3 million tons while the leading market, the USA, took 8.4 million tons.
06 · Category
Prices, Costs, And Financials21 stats
01
Cement prices in Vietnam averaged VND 1.3 million/ton in 2022
02
Production cost per ton rose 15% to VND 850,000 in 2023 due to energy prices
03
Industry revenue totaled USD 5.2 billion in 2022
04
Profit margin averaged 8.5% for major firms in 2022
05
Electricity cost accounts for 40% of total production costs
06
Coal import costs increased 20% impacting cement prices in 2023
07
Average export price USD 42/ton in H1 2023
08
Domestic price hike of 10% in Q2 2023 to VND 1.45 million/ton
09
VICEM net profit USD 120 million in 2022
10
Total industry investment USD 2.1 billion in 2022
11
Logistics costs 12% of total expenses
12
Clinker production cost VND 1.1 million/ton in 2022
13
Average price VND 1.35m/ton Q1 2023
14
Fuel costs 35% of total, coal VND 2.5m/ton
15
EBITDA margin 15% VICEM 2022
16
Debt ratio industry average 45% 2022
17
Capex USD 500m new tech 2022
18
Labor cost 8% of production expenses
19
Profit after tax USD 400m total industry 2022
20
Raw material costs up 18% 2023 limestone VND 150k/ton
21
Export FOB price USD 48/ton clinker 2022
Interpretation
Prices, Costs, And Financials Interpretation
In Vietnam’s cement market, costs have been pushing prices up, with the production cost per ton rising 15% to VND 850,000 in 2023 as electricity makes up 40% of total costs and coal import expenses jumped 20%, while revenue reached USD 5.2 billion in 2022 and major firms earned an 8.5% profit margin.
07 · Category
Production Statistics19 stats
01
In 2022, Vietnam's cement production reached 98.5 million tons, marking a 5.2% increase from 2021
02
Vietnam's cement industry produced 72.6 million tons in the first half of 2023, up 6% year-on-year
03
Annual cement production in Vietnam averaged 95 million tons between 2018-2022
04
In Q4 2022, Vietnam produced 24.8 million tons of cement, a 4.1% rise from Q4 2021
05
Cement clinker production in Vietnam hit 32.4 million tons in 2022
06
Vietnam's cement output grew by 2.5% to 97.3 million tons in 2021
07
Monthly cement production in Vietnam averaged 8.1 million tons in 2023
08
In 2020, pandemic-affected cement production was 91.2 million tons, down 10% from 2019
09
Northern Vietnam's cement production reached 28.7 million tons in 2022
10
Southern region's cement production was 35.2 million tons in 2022
11
Central Vietnam produced 18.9 million tons of cement in 2022
12
Vietnam's Portland cement production was 65.4 million tons in 2022
13
Blended cement output in Vietnam reached 33.1 million tons in 2022
14
Cement industry contributed 1.2% to Vietnam's GDP in 2022
15
Cement production growth rate 3.8% forecasted for 2023
16
In 2019, Vietnam produced 94 million tons of cement
17
Q1 2023 production 23.1 million tons, up 7%
18
Clinker production H1 2023: 16.8 million tons
19
Export-oriented clinker production 40% of total in 2022
Interpretation
Production Statistics Interpretation
For Production Statistics, Vietnam’s cement output climbed to 98.5 million tons in 2022, up 5.2% from 2021, and also showed momentum into 1H 2023 with 72.6 million tons up 6% year on year.
report visual · Projection
Vietnam cement utilization trends: capacity pressures intensify into 2023
Capacity utilization eased from 2022 to H1 2023 amid oversupply conditions, indicating weaker operating rates despite expanded capacity.
78 Capacity utilization rate (%)
Start
-8.71%
CAGR · 2y
65 Capacity utilization rate (%)
Projected
20222024
Reference
Cite This Report
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APA
Samuel Norberg. (2026, February 13). Vietnam Cement Industry Statistics. Gitnux. https://gitnux.org/vietnam-cement-industry-statistics
MLA
Samuel Norberg. "Vietnam Cement Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/vietnam-cement-industry-statistics.
Chicago
Samuel Norberg. 2026. "Vietnam Cement Industry Statistics." Gitnux. https://gitnux.org/vietnam-cement-industry-statistics.
Sources & references
20 datasets cited across this report · attribution is report-level