VIETNAM PAINT SECTOR GROWS, BUT NEED BACKWARD LINKAGES
February 8th, 2015
With 685 million wet pounds of coatings sold for USD730 million in 2013, the Vietnam market consumed only a tiny fraction of Asia-Pacific region’s total of 36 billion wet pounds sold for USD50 billion that year, according to Kusumgar, Nerlfi & Growney, Inc, a New Jersey, USA-based consulting firm for the polymer and chemical industries. But the consultancy sees growth per year on the volume basis to be around 7% until 2018, which is roughly in line with the Vietnam Paint and Printing Ink Association’s (VPIA) prediction that Vietnam’s per capita ...
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