Vdocuments - MX - Vietnam Chemical Industry Report q2 Vietnam Market 32 Definition and Classification

VIETNAM CHEMICAL INDUSTRY REPORT Q2/2018
TABLE OF CONTENTS
Content Page Content Page
Abbreviations 4 3.2. Definition and classification 25
Summary 5 3.4. Production and consumption 28
1. Business environment 7 3.5. Import Export 31
1.1. Macroeconomic Indicator 8 4. Major sector groups 33
1.2. Legal framework 12 4.1. Fertilizers and nitrogen compounds 33
2. World market 16 4.2. Synthetic rubber and raw plastic resins 45
2.1. Production 17 4.3. Detergents 59
2.2. Consumption 20 4.4. Paint and printing ink 66
3. Vietnam market 23 4.5. Plant protection products 73
3.1. Formation and development history 24 4.6. Basic chemicals 82
2
TABLE OF CONTENTS
Content Page Content Page
4.7. Synthetic fiber 89
5. Outlooks and forecasts 96
6.1. Development planning of the chemical industry 97
5.2. Outlooks of world chemical industry 103
5.3. Outlooks of Vietnam chemical industry 108
6. Business Analysis 111
6.1. Enterprise introduction 112
7.2. Financial analysis 122
3
Content
ABBREVIATIONS
ACFTA ASEAN – China Free Trade Agreement FP Fire protection
ADB Asian Development Bank PVN Vietnam Oil and Gas Group
AFTA ASEAN Free Trade Area STK Century Synthetic Fiber Corporation
AKFTA ASEAN – Korea Free Trade Agreement GDVC General Department of Vietnam Customs
PPPs Plant Protection Products GSO General Statistics Office of Vietnam
CPI Consumer Price Index FA Fixed Assets
CP NVL Raw Materials Expenses HCM Ho Chi Minh City
JSC Joint Stock Company TA Total Assets
FDI Foreign Direct Investment VFC Vietnam Fumigation Joint Stock Company
GDP Gross Domestic Product Vinachem Vietnam National Chemical Corporation
IIP Index of Industrial Production VPIA Vietnam Paint & Printing Ink Association
LAS Linear Alkylbenzen Sulfonate WTO World Trade Organization
LAS Supephotphat and Lam Thao chemicals
4
Summary
• Paint and printing ink
• Chemical industry has 8 sub-product categories including:
• Plant protection products:
• Fertilizers and nitrogen compounds:

Content is intentionally removed for demo purpose
• Basic chemicals:
• Synthetic rubber and raw plastic resins:
• Detergents:
5
Summary
• Synthetic fiber:
• Almost all enterprises in the industry are small and medium-sized

and are facing up to fierce competition with multinational
corporations
• Vietnam chemical industry is still in strong development

• Technical machinery system of the chemical industry is largely
medium-sized compared to that of some countries in the region
6
TABLE OF CONTENTS
1. Business environment
1.1 Macroeconomic situation
1.2 Legal framework
7
GDP growth rate by quarter, 2015-Q1/2018

GDP by current price and GDP per capita, 2013-2017
Sources: VIRAC, GSO

Sources: VIRAC, GSO
Nội dung được xóa nhằm mục đích demo
9
• Consumer price index (CPI) in the first quarter of 2018 had a lot of changes.
Monthly CPI fluctuations 2014 – 3/2018
Source: VIRAC, GSO
9
Vietnam’s export and import value in Q1/2018 was 108.43 billion USD Import and export of commodity, 2006 – Q1/2018
million USD
Content is intentionally removed for demo purpose Source: VIRAC, GDVC
Vietnam's export of crude oil and coal, 2011 –

billion USD
Q1/2018e
Source: VIRAC, GDVC
10
VND/USD exchange rate, 2013-3/2018 VND/CNY exchange rate, 2/2016 – 3/2018

Source: VIRAC, SBV Source: VIRAC, SBV
• The VND / USD exchange rate was quite stable and still supported by a plentiful supply of foreign currencies
11
TABLE OF CONTENTS
1.2 Legal framework
12
1.2 Legal framework – 1.2.1 General rules
Groups of policy on the chemical industry
13
1.2 Legal framework – 1.2.1 General rules
Impact evaluation of laws, circulars and decrees on the business activities in the sector.
14
1.2 Legal framework – 1.2.2 Impact of Free Trade Agreements
Impact evaluation of Trade Agreements on the Chemical industry
Vietnam's average tariffs under major trade agreements

Tariffs of Vietnam and Korea after AKFTA application
15
TABLE OF CONTENTS
2. World market
2.1 Production
2.2 Consumption
16
2. World market
2.1 Production
World production value of chemicals, 2010 - 2016e Structure of chemical production by region, 2015e
billion
USD
Source: VIRAC, BASF Source: VIRAC, BASF
21
2. World market
2.1 Production
In 2016, production volume of chemicals in all regions was estimated to

Chemical production growth by region, 2014 – 2020e
increase,
Content is intentionally removed for demo purpose Source: VIRAC, Statista
Production structure of chemical products worldwide, 2015
Source: VIRAC, Statista
22
2. World market
2.1 Production
Forecast for annual production growth in chemical industry by field, 2016 - 2021e
23
TABLE OF CONTENTS
2. World market
2.1 Production
2.2 Consumption
24
2. World market
2.2 Consumption
• In 2015, the whole world witnessed a decline in the global chemical industry;

Global Chemical Industry's Revenue, 2007 - 2016e
billion USD Sales growth in chemical industry by region,
2015 – 2018F
13%
25%
17%
13%
00)
00)
Source: VIRAC, Statista Source: VIRAC, Statista
00)
25
2. World market
2.2 Consumption
Top 10 most chemicals consuming countries, 2016

billion Euro
Revenue from chemical consumption by region, 2016

billion
Euro
26
TABLE OF CONTENTS
3. Vietnam market
3.1 Formation and development history
3.2 Definition and classification
3.3 Production and consumption
3.4 Import Export
42
3. Vietnam market
Definition
Formation and development history of Vietnam chemical industry
43
TABLE OF CONTENTS
3. Vietnam market
3.4 Import Export
44
3. Vietnam market
Product group Input materials Main product Customer
Source: VIRAC, GSO
45
3. Vietnam market
• In 2016, fertilizer and Nitrogen Compounds represent the largest Industry structure by revenue, 2016
share of the chemical industry,

Sources: VIRAC, GSO
Revenue in the fields of chemical industry in Vietnam, 2011 – 2016e

Unit: trillion VND
Fields 2011 2012 2013 2014 2015 2016
Sources: VIRAC, GSO
46
TABLE OF CONTENTS
3. Vietnam market
3.4 Import Export
51
3. Vietnam market
Number of enterprises and labor in chemical industry,2011 - 2016

Enterprise Person
Content is intentionally removed for demo purpose Source: VIRAC, GSO
Revenue and profit of chemical industry, 2010 - 2016 Total investment capital and fixed assets of chemical industry, 2011 - 2016
billion VND billion VND
Source: VIRAC,GSO Source: VIRAC,GSO
52
3. Vietnam market
Production value of chemical industry, 2007 – 2018e

trillion VND

Source: VIRAC, GSO
Consumption value of chemical industry, 2011 – Q1/2018e

trillion VND
Source: VIRAC, GSO
53
TABLE OF CONTENTS
3. Vietnam market
3.4 Import Export
54
3. Vietnam market
3.4 Import Export
Imports and exports of chemicals and chemical products, Import market structure of chemicals and chemical
million USD Q1/2018e products, Q1/2018e
Source: VIRAC, GDVC

Source: VIRAC, GDVC
Export market structure of chemicals and chemical

products, Q1/2018e
Source: VIRAC, GDVC
55
TABLE OF CONTENTS
4. Major sector groups
4.1 Fertilizers and nitrogen compounds
4.2 Synthetic rubber and raw plastic resins
4.3 Detergents
4.4 Paint and printing ink
4.5 Plant protection products
4.6 Basic chemicals
4.7 Synthetic fiber
56
4.1 Fertilizers and nitrogen compounds – 4.1.1 Definition and classification
Structure of major fertilizers 2014

Source: VIRAC, GSO
58
4.1 Fertilizers and nitrogen compounds – 4.1.2 Basic production process
Production process of nitrogenous fertilizer
NPK production
process
Production process of fused phosphate fertilizer
Source: VIRAC
58
4.1 Fertilizers and nitrogen compounds – 4.1.3 Production
Revenue of the fertilizer industry, 2010-2016

Production and consumption of domestic producers, Q1/2018e
Source: VIRAC, GSO, MARD, GDVC Source: VIRAC, GSO
Content is intentionally removed for demo

Domestic fertilizerpurpose
production, 2010-Q1/2018e
Million tons
Source: VIRAC, GSO
62
Production capacity của Key players in the industry, 3/2018
Design capacity(Thousand tons/year)

Group No Enterprise
Source: VIRAC
62
Domestic fertilizer supply was mainly from large companies from Vinachem and PVN, which is particularly:
63
4.1 Fertilizers and nitrogen compounds – 4.1.4 Consumption
Fertilizer demand and consumption , 2012 – 3M/2018e

Fertilizer consumption tends to decrease over the years, which is due to Million tons
0,9
2,0

Sources: VIRAC, GSO, MARD
64
4.1 Fertilizers and nitrogen compounds – 4.1.5 Import Export
Fertilizer imports have fluctuated continuously over the years as the impact Fertilizer import, 2012 – 2013M/2018ee
of the domestic demand - supply and import and export tax policies as well Thousand tons
as major import markets.
Sources: VIRAC, GDVC, MARD
Structure of fertilizer import by type, 3M/2018e
Sources: VIRAC, MARD, GDVC
68
Fertilizer imports from China have fallen sharply in the fertilizer import structure
Fertilizer import structure by country, 3M/2017 – 3M/2018

Source: VIRAC, MARD, GDVC
69
Exports have decreased continuously over the years since 2012, due to the competition with Chinese fertilizer in Korea and Cambodia. However, in 2017,
the output of fertilizer export has grown strongly with the export volume grew strongly in ASEAN countries such as Cambodia, Malaysia ...
Fertilizer exports, 2012 – 3M/2018e Fertilizer exports by country, 3M/2018e

Million tons

70
4.1 Fertilizers and nitrogen compounds – 4.1.6 Price movement
Ure and DAP fluctuate the first 3 months of 2018
VND Price movement, 2014 – 3/2018
Ure
Source: VIRAC, Trade Promotion Website - MOIT
73
4.1 Fertilizers and nitrogen compounds – 4.1.6 Price movement
Price forecasts
44
TABLE OF CONTENTS
4.3 Detergents
4.6 Basic chemicals
4.7 Synthetic fiber
76
4.2 Synthetic rubber and raw plastic resins – 4.2.1 Definition and classification
Polymer structure used, 2015
17%
Content is intentionally
Source: VIRAC, ICIS removed for demo purpose
77
4.2 Synthetic rubber and raw plastic resins – 4.2.1 Definition and classification
Structure of synthetic rubber production in the world, 2015
Source: VIRAC, Rubbernews
78
4.2 Synthetic rubber and raw plastic resins – 4.2.2 Basic production process

4.2 Synthetic rubber and raw plastic resins – 4.2.3 Production
Polypropylene supply and demand in Vietnam, 2010-

Q1/2018e
Production of raw plastic resins in some provinces, Q1/2018

Production of raw plastic resins in the country, Q1/2018e
Sources: VIRAC Sources: VIRAC, GSO
83
4.2 Synthetic rubber and raw plastic resins – 4.2.4 Consumption
LLDPE, LDPE, HDPE, PP distribution from enterprises in 2014-2015 in the

Northern market
No Company name Sales (tons/year) Market share
PP production output and consumption of Binh Son Refining and Petrochemical,

2013 – 6M/2017
Sources: VIRAC, HCD Prospectus
85
4.2 Synthetic rubber and raw plastic resins – 4.2.4 Consumption
Polymer consumption in Vietnam, 2010 – Q1/2018e
Source: VIRAC, GSO, MOIT

Market share of plastic additives, 2017
Source: VIRAC, GSO, MOIT
85
4.2 Synthetic rubber and raw plastic resins – 4.2.5 Import Export
Import of plastic raw materials in Vietnam, 2010 – Q1/2018
Source: VIRAC, GDVC

Import market of plastic raw materials by volume, Q1/2018
Source: VIRAC, GDVC
85
Proportion of top importers of plastic raw materials, 9M/2017
Content is intentionally removed for demo purpose Sources: VIRAC, GSO
Import structure of plastic raw materials by type, Q1/2018
Sources: VIRAC, GSO
53
Import - export of synthetic rubber, 2011 – Q1/2018e

Source: VIRAC, GDVC, UN Comtrade
85
Export market structure of synthetic rubber, 2017e
Source: VIRAC, GDVC

Import market structure of synthetic rubber, 2017e
Source: VIRAC, GDVC
85
4.2 Synthetic rubber and raw plastic resins – 4.2.6 Price movement
Polymer price fluctuations, 5/2015 – 4/2018

USD/ton
Source: VIRAC, Plastics New Europe
56
Fluctuations of natural rubber and synthetic rubber prices, Q1/2012 – Q4/2017

USD/ton

Source: VIRAC, IRSG
57
93
TABLE OF CONTENTS
4.3 Detergents
4.6 Basic chemicals
4.7 Synthetic fiber
94
4.3 Detergents – 4.3.1 Definition and classification
• Detergents Number of enterprises and labor in the industry, 2011 - 2016
Content is intentionally removed for demo purposeSource: VIRAC, GSO
95
4.3 Detergents – 4.3.2 Production process
Source: VIRAC
96
4.3 Detergents – 4.3.3 Production
Production volume of detergents, 2012 – Q1/2018e
Product group Enterprise 2012 2013 2014 2015 2016 2017 Q1/2018e
Source: VIRAC, MOIT, GSO
Production volume of detergents, 2010 – Q1/2018e

Thousand
tons
Source: VIRAC, GSO
99
4.3 Detergents – 4.3.3 Production
Production capacity • Washing powder is the main product accounting for more
No Enterprise Brand than 90% of annual detergent production.
(tons/year)
Source: VIRAC
100
4.3 Detergents – 4.3.4 Consumption
billion VND Consumption value of detergents, 2010 – Q1/2018e
Source: VIRAC, GSO
101
4.3 Detergents – 4.3.5 Import Export
Import value of detergents, Q1/2018e

million USD

Source: VIRAC, GDVC
Import market structure of detergents, Q1/2018e
Source: VIRAC, GDVC
106
MỤC LỤC
4.3 Detergents
4.6 Basic chemicals
4.7 Synthetic fiber
108
4.4 Paint and printing ink – 4.4.1 Definition and classification
Definition and classification
Classification
109
4.4 Paint and printing ink – 4.4.2 Production process
Production process of paint and printing ink
Source: VIRAC
110
4.4 Paint and printing ink – 4.4.3 Production
Number of enterprises and labor in the paint and printing ink

Vietnam paint industry has experienced an average growth rate of 20% industry, 2011 - 2016
in recent years.
Source: VIRAC, GSO

Company name Production capacity Brand
Source: VIRAC
112
4.4 Paint and printing ink – 4.4.3 Production
Thousand tons Production volume of paint, 2013 – Q1/2018e
Source: VIRAC, GSO

Production volume of printing ink, 2010 – Q1/2018e
Ton
Source: VIRAC, GSO
113
4.4 Paint and printing ink – 4.4.4 Consumption
Consumption value of paint and printing ink, 2010 – Q1/2018e

billion
VND
Paint consumption structure by field, 2015
Source: VIRAC, VPIA
116
4.4 Paint and printing ink – 4.4.5 Import Export
Import and export of paints and printing ink of Import market structure of paints and printing ink, 2017e
Million USD
Vietnam, 2011 – 2017e
Content is intentionally removed

Source: VIRAC, UN Comtrade, ITC for demo purpose
Source: VIRAC, UN comtrade
• Domestic paint production capacity has met most of the demand, but the
Export market structure of paints and printing ink, 2017e
amount of ink shortage is quite large,
Source: VIRAC, UN comtrade
118
TABLE OF CONTENTS
4.3 Detergents
4.6 Basic chemicals
4.7 Synthetic fiber
119
4.5 Plant protection products – 4.5.1 Definition and classification
Plant protection products (PPPs)
Classification:
Effect of PPPs
120
4.5 Plant protection products – 4.5.2 Production process

Source: VIRAC
Source: VIRAC
121
4.5 Plant protection products – 4.5.3 Production
Number of enterprises and labor in the

industry,2011 - 2016
Source: VIRAC, GSO

Thousand Production volume of pesticides, 2013 – Q1/2018e
tons
Source: VIRAC, GSO
123
4.5 Plant protection products – 4.5.3 Production
Structure of pesticide production, Q1/2018e
Source: VIRAC, GSO

Structure of pesticide consumption, 2016e
Source: VIRAC, Agromonitor
124
4.5 Plant protection products – 4.5.4 Consumption
Market share of pesticides in Vietnam, 2016e Consumption value of pesticides, 2012 – Q1/2018e
billion VND

Source: VIRAC
Source: VIRAC, GSO
125
4.5 Plant protection products – 4.5.4 Consumption
Consumption structure of pesticides by product group, Q1/2018e

Consumption of pesticides by plant group, 2016

Source: VIRAC Source: VIRAC
126
4.5 Plant protection products – 4.5.5 Import Export
Import and export of pesticides and raw materials, Export structure of export of pesticides by volume, 2016
million USD
2011 - 2017e
Source: VIRAC, GDVC, ITC removed for demo purpose Source: VIRAC, ITC
129
4.5 Plant protection products – 4.5.5 Import Export
Export value of pesticides in Vietnam to some countries,

2011 - 2016
Source: VIRAC, GDVC

Import market of pesticides and raw materials,
Q1/2018e
Source: VIRAC, GDVC
130
TABLE OF CONTENTS
4.3 Detergents
4.6 Basic chemicals
4.7 Synthetic fiber
132
4.6 Basic chemicals – 4.6.1 Definition and classification
Basic chemicals are divided into two main branches which are inorganic and organic.
133
4.6 Basic chemicals – 4.6.2 Production process
Production process of caustic soda - chlorine
Source: VIRAC
134
4.6 Basic chemicals – 4.6.3 Production
Number of enterprises and labor in the industry, 2011 - 2016 Production capacity of basic chemicals of some enterprises, 2017
Production
Market
Product Manufacturer capacity
share
(tons/year)
Source: VIRAC, GSO removed for demo purpose
Source: VIRAC collects
138
4.6 Basic chemicals – 4.6.3 Production
Thousand Production of basic chemicals, 2013 – Q1/2018e

tons
139
4.6 Basic chemicals – 4.6.4 Consumption
Comsumption value of basic chemicals, 2011 – Q1/2018e

billion VND

Source: VIRAC, GSO
Impact of chlorine products
Impact of soda products
140
4.6 Basic chemicals – 4.6.5 Import Export
Imports and exports of basic chemicals

million USD Import-export turnover of basic chemicals, 2011 –
Q1/2018e

Source: VIRAC, GDVC
Export market structure of basic chemicals, Q1/2018e

Import market structure of basic chemicals, Q1/2018e
Source: VIRAC, GDVC Source: VIRAC, GDVC
142
TABLE OF CONTENTS
4.3 Detergents
4.6 Basic chemicals
4.7 Synthetic fiber
143
4.7 Synthetic fiber – 4.7.1 Definition and classification
• Synthetic fiber
144
4.7 Synthetic fiber – 4.7.2 Production process
Filament fiber production
Source: VIRAC, STK

145
4.7 Synthetic fiber – 4.7.3 Production
Production capacity of some companies in the Vietnam textile industry
Company name Capacity(tons/year) Product Product segment

Source: VIRAC, STK
Ton Production output of Synthetic fiber, 2011 – Q1/2018e
Market share by actual production capacity, 2014
Source: VIRAC, GSO Source: VIRAC, STK
148
4.7 Synthetic fiber – 4.7.4 Consumption
Volume and consumption value of Synthetic fiber,

2011 – Q1/2018e billion VND
Ton

Source: VIRAC, GSO
149
4.7 Synthetic fiber – 4.7.5 Import Export
Import-export turnover of Synthetic fiber, 2009 – 2017e Market share by export value, 2015e
million
USD
Source: VIRAC, STK
removed for demo purpose Source: VIRAC, GDVC
150
4.7 Synthetic fiber – 4.7.5 Import Export
Import market structure of Synthetic fiber, 2017e

Export market structure of Synthetic fiber, 2017e
Source: VIRAC, UN Comtrade
removed for demo purpose
Source: VIRAC, UN Comtrade
151
TABLE OF CONTENTS
5. Outlooks and forecasts
5.1. Development planning for the chemical industry
5.2. Outlooks of world chemical industry
5.3. Outlooks of Vietnam chemical industry
158
According to Decision No. 1621 / QD-TTg of the Prime Minister promulgated on September 18, 2013 approving the development plan of chemical industry
of Vietnam to 2020, by 2030.
97
98
99
MOIT issued Decision No. 8989 / QD-BCT dated 25/08/2015 approving the restructuring plan of Vietnam chemical industry, 10 areas of restructuring in the
chemical industry include fertilizer, petrochemicals, plant protection chemicals, basic chemicals, chemical electricity, industrial gas, rubber, detergents, paint
- printing ink.
162
Investment information
No Project Location Capacity Investment

Investment
(Thousand capital(million
tons/year) time
USD)
Source: VIRAC
163
Investment information
No Project Location Investment

Investmen
Capacity(Thousand tons/year) capital(mill
t time
ion USD)
Source: VIRAC
164
TABLE OF CONTENTS
169
European chemical industry: Low oil prices help reduce difficulties

Asian chemical industry: Supply exceeds demand and grows slowly
170
Middle East Chemical Industry: Increase in competition pressure

Latin American chemical industry: Recovering from economic growth
171
Increasing competition requires dynamic response
Cooperative relations with customers

Frequently meet the ever-changing legal regulations
172
Data processing is continuously updated in real time
Prepare for changes in distribution channels
173
TABLE OF CONTENTS
174
• For fertilizer group:
• For petrochemical group (synthetic rubber and raw plastic resins)

• For detergent group:
• For paint and printing ink group
175
• Pesticides:
• Basic chemicals:
• Synthetic fiber:
176
TABLE OF CONTENTS
6. Business Analysis
6.1. Enterprise introduction
6.2. Financial analysis
177
Charter
Net revenue
Total assets capital Customer
Company name Address 2017 (billion Country Business area
(billion VND) (billion segmentation
VND)
VND)
178
PetroVietnam Camau Fertilizer Joint Stock Company
179
PetroVietnam Fertilizer and Chemicals Corporation
180
Lam Thao Fertilizers & Chemicals Joint Stock Company
181
Binh Dien Fertilizer Joint Stock Company
182
Southern Basic Chemicals JSC
183
LIX Detergent Joint Stock Company
184
Duc Giang Detergent and Detergent Joint Stock Company
185
Saigon Plant Protection Joint Stock Company
186
Dry Cell And Storage Battery Joint Stock Company
187
TABLE OF CONTENTS
6.2. Financial analysis
188
6.2 Financial analysis
billion VND Net revenue, 2016 - 2017
Content is intentionally removed for demo purpose Source: VIRAC
189
billion VND Gross profit margin, 2016 - 2017
Content is intentionally removed for demo purpose Source: VIRAC
189
billion VND Cost of sales, 2016 - 2017
Cost of sales Source: VIRAC
190
Enterprise cost management, 2016 - 2017

billion VND
Source: VIRAC
Enterprise cost management
191
billion VND Solvency, 2016 - 2017
Source: VIRAC
Profit Ratio, 206 - 2017
Source: VIRAC
193
Payment ratio, 2016 - 2017
Source: VIRAC
194

Inventory turnover, 2016 - 2017
Source: VIRAC
195
REPORT DISCLAIMER
Report disclaimer
This document has been prepared in good faith on the basis of information available at the date of publication without any independent verification. VIRAC has
produced this report for private circulation to professional clients only. All information and statistical data herein have been obtained from sources we believe to
be reliable and made to ensure the accuracy of the contents of the pages of the report at the time of preparation. Such information has not been independently
verified and VIRAC makes no representation or warranty, whether express or implied, of any kind with respect to the document and its contents, information and
materials. The content found in this report is proprietary to VIRAC and is provided solely for your personal and non-commercial use. You agree that you will not
use this report for any purpose that is unlawful and that you will not reproduce the report or redistribute it outside your organization, or place it on a website for
public access without the express written permission of VIRAC.
SHOULD YOU NEED ANY ASSISTANCE, PLEASE CONTACT US:
VIETNAM INDUSTRY RESEARCH AND CONSULTANCY (VIRAC JSC.,)
6Mh Floor, Anh Minh Building, 36 Hoang Cau, O Cho Dua, Dong Da, Hanoi, Vietnam
Website: http://virac.com.vn/
Email: viracresearch@virac.com.vn | Tel: +84 463289520
207
Thank you !

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VIETNAM CHEMICAL INDUSTRY REPORT Q2/2018

Content Page Content Page

Abbreviations 4 3.2. Definition and classification 25

Summary 5 3.4. Production and consumption 28

1. Business environment 7 3.5. Import Export 31

1.1. Macroeconomic Indicator 8 4. Major sector groups 33

1.2. Legal framework 12 4.1. Fertilizers and nitrogen compounds 33

2. World market 16 4.2. Synthetic rubber and raw plastic resins 45

2.1. Production 17 4.3. Detergents 59

2.2. Consumption 20 4.4. Paint and printing ink 66

3. Vietnam market 23 4.5. Plant protection products 73

3.1. Formation and development history 24 4.6. Basic chemicals 82

Content Page Content Page

4.7. Synthetic fiber 89

5. Outlooks and forecasts 96

6.1. Development planning of the chemical industry 97

5.2. Outlooks of world chemical industry 103

5.3. Outlooks of Vietnam chemical industry 108

6. Business Analysis 111

6.1. Enterprise introduction 112

7.2. Financial analysis 122

ACFTA ASEAN – China Free Trade Agreement FP Fire protection

PPPs Plant Protection Products GSO General Statistics Office of Vietnam

CPI Consumer Price Index FA Fixed Assets

CP NVL Raw Materials Expenses HCM Ho Chi Minh City

JSC Joint Stock Company TA Total Assets

GDP Gross Domestic Product Vinachem Vietnam National Chemical Corporation

LAS Linear Alkylbenzen Sulfonate WTO World Trade Organization

LAS Supephotphat and Lam Thao chemicals

• Paint and printing ink

• Chemical industry has 8 sub-product categories including:

• Plant protection products:

• Fertilizers and nitrogen compounds:

• Synthetic rubber and raw plastic resins:

• Almost all enterprises in the industry are small and medium-sized

• Vietnam chemical industry is still in strong development

1.1 Macroeconomic situation

1.2 Legal framework

GDP growth rate by quarter, 2015-Q1/2018

Sources: VIRAC, GSO

Nội dung được xóa nhằm mục đích demo

Monthly CPI fluctuations 2014 – 3/2018

Content is intentionally removed for demo purpose

Source: VIRAC, GSO

Content is intentionally removed for demo purpose Source: VIRAC, GDVC

Vietnam's export of crude oil and coal, 2011 –

Source: VIRAC, GDVC

VND/USD exchange rate, 2013-3/2018 VND/CNY exchange rate, 2/2016 – 3/2018

Content is intentionally removed for demo purpose

1.1 Macroeconomic situation

1.2 Legal framework

Groups of policy on the chemical industry

Content is intentionally removed for demo purpose

Content is intentionally removed for demo purpose

Impact evaluation of Trade Agreements on the Chemical industry

Vietnam's average tariffs under major trade agreements

Content is intentionally removed for demo purpose

Source: VIRAC, BASF Source: VIRAC, BASF

Content is intentionally removed for demo purpose

In 2016, production volume of chemicals in all regions was estimated to

Content is intentionally removed for demo purpose Source: VIRAC, Statista

Production structure of chemical products worldwide, 2015

Source: VIRAC, Statista