IN VIETNAM, COATINGS DEMAND EASILY OUTPACING STRONG ECONOMIC GROWTH
July 1st, 2016
Vigorous expansion of export-oriented manufacturing and construction in 2015 spurred the fastest GDP growth in Vietnam in seven years, at 6.7% year-on-year, according to the Asian Development Bank. And although coatings consumption correlates generally well with economic growth, in Vietnam the 2015 year-on-year coatings production increase outpaced general economic expansion – it rose 11.1% year-on -year in 2015, to Vietnamese dong VND13 trillion (USD587 million), according to market researcher Euromonitor International. In terms of Vietnam market segment ...
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