Philippines initiates preliminary safeguard measures investigation on cement from Vietnam
The Philippines has initiated a preliminary safeguard measures investigation on the importation of cement from various countries, including Vietnam, according to the Vietnam Trade Office in the Philippines.
Hanoi (VNA) - The Philippines has initiated a preliminary safeguard measures investigation on the importation of cement from various countries, including Vietnam, according to the Vietnam Trade Office in the Philippines.
The cement covered by the investigation is classified under ASEAN Harmonised Tariff Nomenclature (AHTN) codes 2523.29.90 and 2523.90.00. The period of investigation covers 2019 to June 2024.
According to the investigation notice from the Philippines Department of Trade and Industry (DTI), a review of evidence made available to DTI showed that the volume of cement imports increased continuously from 2019 to 2023. The share of imports also increased from 30% in 2019 to 47% in 2023 and 51% in the first half of 2024.
The domestic industry has suffered serious injury caused by increased imports, including significant decline in market share, from 78% in 2019 to 68% in 2023 and 66% in the first half of 2024. The domestic industry’s sales revenues declined from 2019 to 2023 by around 19%.
DTI’s statistics showed that Vietnam accounted for the largest share of the Phillipines’ cement importation during the period of investigation.
Vietnam’s share was recorded at 4,232.4 tonnes in 2019, or 79% of the Philippines’ cement imports.
The share from Vietnam of total cement imports further increased to 91% in 2020, 93% in 2021 and 94.5% in 2022. The country remained the Philippines' dominant supplier in 2023 with 6,878.6 tonnes, or a 98% share.
From January to June, cement imports from Vietnam accounted for 93 % of total cement imports into the Philippines.
Among 38 cement exporters to the Philippines, 18 are from Vietnam.
𒊎 According to the Vietnam Trade Office to the Philippines, a safeguard measures investigation is different from anti-dumping investigations, which can apply different duties to different exporters. In a safeguard measures investigation, however, a common duty will be applied, urging cement exporters to work together to deal with the investigation./.
It is forecast that there will be many difficulties for the cement industry, due to weak demand and fierce competition both domestically and internationally.
The Vietnam National Cement Association (VNCA) has just submitted a proposal to the Prime Minister aimed at addressing financial and production bottlenecks faced by cement manufacturers who are at risk of bankruptcy and potential acquisition by foreign companies.
he domestic cement industry expects to bounce back in 2024 thanks to the Government's tireless efforts to speed up public investment and implementation of key transport infrastructure projects, along with approving many industrial and urban infrastructure ones.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
