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Vietnam Government has announced a master plan on taking the global trend – transitioning to use renewable energy sources.With a hope that as a long-term strategy, this plan will increase the proportion of renewable energy in the total power generation. In 2013, the capacity of wind energy, solar energy, biomass energy are 55MW, 4 MW, and 150 MW respectively; all adding small scale hydropower account for only 3% of the total national electricity generation, however, the plan sets quite high goal targeting to reach 5.6% in 2020 and 9.1% in 2030.
It is more and more popular to have canned food on the dining table. Though the market size of canned food in 2014 remained small with only 670 billion VND (equivalent to 32 million USD), but the growth rate increased by 12.2% compared to the previous year and even higher than the 7.3% growth rate of the entire food industry. Read More “Number of canned food factories with foreign investment on the rise (March 2015)”
In Vietnam, there are about 600 coating manufacturers, among which, there are a total of 30 foreign-invested companies accounting for 65% of the market share, such as Akzo Nobel (Dutch company with biggest share in the global market), PPG Coatings (US corporate with second biggest global market share), Kansai Paint and Nippon Paint (Japanese companies with 9th and 12th global market share), Jotun (Norwich), Hempel (Danish). Read More “Coating market – demand for industrial coating on the rise”
General Department of Vietnam Customs announced that Vietnamese textile export turnover of 2014 increased by 23.9% compared to the previous year, reaching 24.89 billion USD, prospected to be ranked as the world’s third largest textile exporter. Read More “Developing textile & supporting industries to reach TPP agreement”
In 2013, 80% of the total consumption was generated from traditional sales channels such as markets and grocery stores. On the other hand, demand for modern sales channels is on the rise, as foreign investment in the market is increasing, the use of convenience stores and mini supermarkets has gradulally become popular. Read More “Promote the competition in convenience store market (Oct 2014)”
How far will Vietnam’s government go to make a competitive electricity market?
Vietnam is promoting the development of electric power industry by increasing the competitiveness of this market.
Mobile game market is a new market starting to operate in Vietnam only four years ago, with the market size from 6 million USD in 2011 which has increased to 15 million USD in 2013 (data collected from the revenue of officially released games in the market, excluding the revenue of the game without a license). Read More “Mobile game – The long term growth of domestic enterprises”
The online game market in Vietnam is growing rapidly. The domestic market size in 2012 was 250 million USD; 4.5 times as much as that of 2007, which was only 55 million USD (data obtained from the turnover of games officially released on the market, excluding the revenue from games with no license). Read More “Online games market on the rise”
In 2013, the total sales volumes from distilled and fermented liquors reached 500 million USD, increased up to 1.8 times in comparison to that of 2005. More specifically, more than half of the distilled beverages consumed are vodka, meanwhile for wine, over 60% are red wine.
The Vietnamese population in 2014 reached 90 million while up to 37 million motorbikes have been registered. As demonstrated, the motorbike market is very large here. Vietnamese people feel it hard to live without a motorbike because the population is concentrated in large cities while roads are mainly narrow and public transportation has not been developed yet. Read More “The sign of diversifying need in the motorbike market”