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Vietnam vying for emerging hotspot status

Vietnam vying for emerging hotspot status

As gasworld prepares to host its first ever virtual event next week, focused on the Asia-Pacific markets, we take a look at a market most certainly in everyone’s future thinking when it comes to this enterprising region – Vietnam.

Vietnam has been on the industrial gas radar for many years now, with various investments in the country in the last decade in particular.

Messer has been the market leader in the country, and has been investing heavily into new production in the country over the past 10 years and has previously been awarded contracts to construct and operate two large ASUs in central Vietnam for the country’s largest steel producer, Hoa Phat Steel. These are just the tip of the iceberg of investments in the country.

Manufacturers from Japan, South Korea, China, Taiwan, Malaysia and Singapore are actively advancing into Vietnam, and production is strong for state-run businesses in iron and steel, petroleum, fertiliser and other areas. The industrial gas community alike is also advancing into this market.

It’s status as probably one of the most attractive gas markets in the region can only have been enhanced this year with its apparent resilience in the face of the Covid-19 (coronavirus) pandemic.

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