The chemical industry is currently below its capacity. The government envisages the potential growth of this sector at 14-16% per year. However, Vietnam 's chemical industry is expected to account for just 10% of the country's overall industrial output, and according to the government's growth strategy, the share is predicted to hit 20% by 2020.
Meanwhile, in recent years, Vietnam has raised its non-hydro renewable energy commitments in its power development plan from to 21% of overall installed capacity in 2030, and low its share of coal-fired electricity to 43%.
Market Research Vietnam offers chemical and energy consultancy services to the growing Vietnam industry through key markets, including plastics, petrochemicals & agrochemicals, recycling and circular economy, chemistry 4.0, among other main segments. Our consultants will help businesses identify the best strategy tailored to unique local market characteristics.