My watch list
my.chemeurope.com  
Login  

analytica Vietnam 2015: Vietnam's economy continues to grow

17-Apr-2014

According to Germany Trade & Invest (GTAI), the German association for foreign investment and location marketing, Vietnam plans to become a modern industrial nation by the year 2020. In addition, the southeast Asian threshold country is currently negotiating free trade agreements, amongst others with the EU and the United States. The result could be another reduction in customs duty rates—good prerequisites for exhibitors at analytica Vietnam, which takes place at the Saigon Exhibition & Convention Centre in Ho Chi Minh City from April 15–17, 2015.

After the government's comprehensive reform efforts in 2012, Vietnam's economy has now stabilized. Higher investments and real growth between 5.4 and 5.8 percent per year are expected. Development of the chemicals industry is extremely important to the Vietnamese government. According to GTAI, approximately 12 percent of the country's total industrial yield is generated by the production of chemical products and detergents, cleaning agents and fertilizers in particular. Ongoing investments in large petrochemical projects are expected in the future.

Vietnam is also one of the most rapidly growing pharma markets in Asia: According to the Vietnamese Ministry of Health, Vietnam's pharmaceuticals market was worth nearly three billion US dollars in 2012 alone. Growth of more than 20 percent is expected between now and 2017. However, right now Vietnam imports approximately 90 percent of the raw materials that it needs to manufacture these pharmaceuticals. According to the Vietnamese Ministry of Health, 80 percent of demand for pharmaceuticals should be covered by domestic production by the year 2020.

In another step, the Vietnamese government has come up with a master plan to develop its biotechnology sector. Its main objective is to also continue promoting the sectors for agriculture, forestry and fishing as well as environmental protection and healthcare between now and 2020.
Meanwhile, demand for food from Vietnam remains high—according to GTAI, this export sector accounts for more than 20 percent of the country's entire industrial production. As a result of the food safety law that went into effect in July 2011, demand for modern laboratory and analysis equipment continues to grow.

To reach its targets and measures for the next few years and respond to the market's needs, Vietnam relies on investments in efficient technologies and high-quality equipment. Interested companies can introduce themselves to the industry at the fourth analytica Vietnam from April 15–17, 2015.

analytica Vietnam is organized by IMAG, a subsidiary of Messe München, together with private and government partners.

Facts, background information, dossiers
More about Messe München
  • News

    analytica Vietnam continues to grow in terms of exhibitors, space and visitors

    analytica Vietnam 2019, which took place in Ho Chi Minh City from April 3 to 5, provided a twofold cause for celebration: The country's most important industry platform for laboratory technology, analysis, biotechnology and diagnostics, celebrated its tenth anniversary, marking the most suc ... more

    First-hand expertise at the biggest ever analytica Vietnam

    analytica Vietnam 2019 in Ho Chi Minh City will be celebrating not just its tenth anniversary but also its biggest trade fair event yet. Approximately 130 exhibitors from 15 countries will be on show in the Saigon Exhibition and Convention Center (SECC) from April 3 to 5, 2019. The exhibiti ... more

    analytica Vietnam records exhibitor rush

    About half a year before the start of analytica Vietnam, the trade fair for laboratory technology, analysis, biotechnology and diagnostics in Ho Chi Minh City is in greater demand than ever before. Now, by the end of Octo-ber, about 60 percent more exhibitors than in the same period of 2016 ... more

  • Events
    Fair/Exhibition
    31-03 – 03-04
    2020
    Munich, DE

    analytica 2020

    The international trade fair analytica has been your guarantee for the successful presentation of innovative laboratory technology and future-oriented biotechnology for more than 40 years. It is the most important industry gathering and brings together the entire range of topics that pertai ... more

    Fair/Exhibition
    09-07 – 11-07
    2019
    Johannesburg, ZA

    analytica Lab Africa

    analytica Lab Africa is the only trade fair in South Africa for Laboratory Technology, Analysis, Biotechnology and Diagnostics. analytica Lab Africa gathers international market leaders and players in the lab, analysis and biotechnology industry as exhibitors; with major international marke ... more

  • Companies

    Messe München GmbH

    Messe München International (MMI) is one of the world's leading organizers of trade fairs. It organises some 40 trade fairs for capital goods, consumer goods and new technologies. More than 30,000 exhibitors from over 100 countries and more than two million visitors from over 200 countries ... more

More about IMAG
Your browser is not current. Microsoft Internet Explorer 6.0 does not support some functions on Chemie.DE