Demand for chemicals is surpassing supply in Vietnam: Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The report titled “VIETNAM CHEMICALS STANDARD REPORT Q2/2016” provides a comprehensive review about the global and Vietnam chemical industry which includes Overall scenario of the global, regional, domestic economies, with America, China, and Germany described. Chemicals are used for manufacturing various products. It plays an important role in the economic development of the country. From 2010-2014, chemicals industry in Vietnam witnessed a high growth. Demand for chemicals is more than the supply in Vietnam thus it needs to import chemicals to fulfill the input requirement of chemicals for various industries. Overview of Vietnam’s Chemical Industry Chemicals industry is adding to the GDP growth. Chemicals industry registered high growth rate of 19.25% from 2010-2014. Vietnam’s exports are lower in comparison to imports due to out-dated technology in Vietnam but exports are expected to increase in the forecast period. Chemicals are ranked 11th in the list of top imported items. Vietnam’s chemical industry is unable to supply input material to the various industries and imports most of it from China. There are various reason for the low productivity of chemicals. Vietnam does not have high end technological equipments. If we compare the technology in Vietnam with that of the other countries’, it’s far away in the line, thus the low productivity and need for imports. The top chemical companies in Vietnam are: Petro Vietnam Fertilizer and Chemicals Corporation (PVFCCO). It is awarded for the consecutively 4th time as ‘Top 50 best listed companies in Vietnam’ and maintained outstanding growth in the challenging years. Company’s revenue in 2015 is VND 10,047 billion and profit after tax is VND 1.48 billion. The other competitor company is Petro Vietnam Ca Mau Fertilizer JSC. It manufactures and supplies granular urea in Vietnam. It also owns and operates plant with 8,00,000 tons of fertilizers. Binh Dien Fertilizer JSC is also considered as the top company. It is engaged in manufacturing and trading of agricultural chemicals. Company exports its products to other countries as well. Leading products are nitrogen-phosphorus-potassium (NPK) fertilizers. Benefits of chemicals: Increases agricultural productivity Used as an input to various industries Helps in fruit ripening Used as preservatives Key Drivers in Chemical Industry Demand and supply for chemicals Used in which product Technology Government regulations Future of Commercial Real Estate Industry Vietnam’s chemical industry is expected to grow at high rate in the coming years. Looking at the demand for chemicals, Vietnam will soon replace the outdated technology. Thus, there will be sufficient amount of chemicals to meet the domestic requirement of inputs and lower imports. This will improve Vietnam’s balance of payments and there will be low current account deficit which will improve the economic situation of the country. Growth of various industries is associated with the growth of chemical industry because chemicals act as an input in production of various goods. To know more on “Chemical industry report in Vietnam” click on following link: https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/vietnam-chemicals-standard/39449-101.html Related links: https://www.kenresearch.com/agriculture-and-animal-care/crop-protection/vietnam-fertilizer-standard/39448-104.html https://www.kenresearch.com/agriculture-and-animal-care/crop-protection/vietnam-fertilizer-market-research-report/451-104.html Contact: Ken Research Ankur Gupta, Head Marketing & Communications query@kenresearch.com +91-124-4230204 Tags: Global Chemical Industry Size, Vietnam Chemical Import and Export, Vietnam Chemical Industry Research Report, Vietnam Chemical Market, Vietnam Chemical Market Forecast, Vietnam Chemical Market Growth, Vietnam Chemical Market Outlook, Vietnam Chemicals Consumption Value, Vietnam Chemicals Production Value, Vietnam Fertilizer Demands