Vietnam
Vietnam shipped 3.1 Mt of CBAM goods to the EU in 2025 (2.7 % of all CBAM imports, down 13 % on 2024). Most of the exposure comes from iron and steel. At default values the 2026 CBAM bill would be about €338 m, ranking it 11th of 152 countries.
3.1 MtEU imports, 2025
€2.47 bncustoms value
€338 mCBAM exposure 2026
€110/taverage per tonne
What it exports
Steel 96 %Aluminium 1 %Fertilisers 0 %Cement 4 %
| Sector | Tonnes 2025 | Value | Exposure 2026 | 2034 |
|---|---|---|---|---|
| Iron and steel | 2.9 Mt | €2.36 bn | €326 m | €782 m |
| Cement | 114 kt | €11.1 m | €8.7 m | €17.5 m |
| Aluminium | 23 kt | €99.5 m | €3.2 m | €4.1 m |
| Fertilisers | 354 t | €200 k | €24 k | €35 k |
Products with the largest exposure
Default value (2026, incl. mark-up) and CBAM benchmark in tCO₂e per tonne. For 6 % of the tonnage no country-specific default is published, so the higher “other countries and territories” value applies.
| CN code | Product | Tonnes | Default | Benchmark | Exposure |
|---|---|---|---|---|---|
| 7210 49 00 | Flat-rolled products of iron or non-alloy steel, of a width of ≥ 600 mm, hot-rolled or c… | 677 kt | 2.607 | 1.491 | €64.3 m |
| 7207 12 10 | Semi-finished products of iron or non-alloy steel, containing by weight < 0,25 of carbon… | 599 kt | 2.585 | 1.364 | €61.8 m |
| 7208 39 00 | Flat-rolled products of iron or non-alloy steel, of a width of ≥ 600 mm, in coils, simpl… | 255 kt | 2.585 | 1.370 | €26.2 m |
| 7210 61 00 | Flat-rolled products of iron or non-alloy steel, of a width of ≥ 600 mm, hot-rolled or c… | 194 kt | 2.607 | 1.491 | €18.4 m |
| 7210 70 80 | Flat-rolled products of iron or non-alloy steel, of a width of ≥ 600 mm, hot-rolled or c… | 155 kt | 2.607 | 1.491 | €14.7 m |
| 7224 90 14 | Semi-finished products of alloy steel other than stainless steel, of square or rectangul… | 72 kt | 3.828 | 1.577 | €13.5 m |
| 7208 38 00 | Flat-rolled products of iron or non-alloy steel, of a width of ≥ 600 mm, in coils, simpl… | 126 kt | 2.585 | 1.370 | €12.9 m |
| 7209 16 90 | Flat-rolled products of iron or non-alloy steel, of a width of ≥ 600 mm, in coils, simpl… | 122 kt | 2.607 | 1.458 | €11.9 m |
| 2523 29 00 | Portland cement (excl. white, whether or not artificially coloured) other countries | 114 kt | 1.584 | 0.666 | €8.7 m |
| 7308 20 00 | Towers and lattice masts, of iron or steel | 63 kt | 3.124 | 1.491 | €8.6 m |
| 7213 91 10 | Bars and rods, hot-rolled, of the type used for concrete reinforcement, smooth, of iron … | 77 kt | 2.585 | 1.364 | €8.0 m |
| 7219 34 10 | Flat-rolled products of stainless steel, of a width of ≥ 600 mm, not further worked than… other countries | 23 kt | 5.522 | 1.270 | €8.0 m |
Outlook
Same 2025 volumes, same certificate price (€82.32), default values throughout.
€338 m2026 · 10 % mark-up, 97.5 % free allocation
€624 m2030 · 30 % mark-up, 51.5 % free allocation
€804 m2034 · free allocation ends
Where it sits on the map
Read more
Nearby in the ranking: South Korea, United Kingdom, Algeria, United States.
Sources: Eurostat Comext (DS-045409), annual 2025; Implementing Regulations (EU) 2025/2621 and 2025/2620. See methodology.