w88 chuẩn nhấtBright prospects for Vietnam's paint sector

Speaking at a press briefing on December 20 in HCM City w88 chuẩn nhất introduce the upcoming Coatings Vietnam Expo, Nguyen Thi Lac Huyen, the association’s chairwoman, said “The industry has seen more than an annual 10 percent growth in recent years.”

Last year, the industry produced 497 million litres of paint with total production value of 1.64 billion USD. Construction paints accounted for more than half, she said.

Local firms have invested in building new factories in industrial parks and many foreign investors from the Republic of Korea, Thailand, Malaysia and Taiwan have shifted their paint and printing ink production facilities w88 chuẩn nhất Vietnam.

The paint and printing ink industry is a support industry for many other sectors, she said.

The country’s stable economic growth and development of the construction and property sectors as well as an increase in infrastructure projects are expected w88 chuẩn nhất help the industry expand.

According w88 chuẩn nhất the industry’s development plan until 2020 with a vision w88 chuẩn nhất 2030, the industry will gradually replace outdated technologies and equipment with modern and advanced technologies, and minimise the use of harmful materials and chemicals w88 chuẩn nhất produce high-quality and environmentally friendly products at reasonable prices.

w88 chuẩn nhất reach the targets, firms involved in the industry need w88 chuẩn nhất invest more in research and development, Ms. Huyen said, adding that they should also focus more on building product brands so they can gain a strong foothold in the domestic market and promote exports.

The industry plans w88 chuẩn nhất focus on investment in high value-added products, with a special attention w88 chuẩn nhất plastics, pigments, chemicals and additives.

“The 2018 Coatings Expo Vietnam will be an ideal opportunity for firms w88 chuẩn nhất learn about the latest trends and demand in the market and enhance cooperation with local and foreign counterparts,” she said.

Coatings Expo

The International Exhibition and Conference on Coatings and Printing Ink Industry (Coatings Vietnam 2018), w88 chuẩn nhất be held at the Saigon Exhibition and Convention Centre from June 13-15, will feature more than 40 exhibitors from countries and territories, including Japan, the RoK, Singapore, Hong Kong, France, China and Vietnam.

Products w88 chuẩn nhất be displayed will include raw materials and chemicals, machinery, lab and testing equipment, surface and nano technologies, thermal sprays and other products and services.

Mr. Nguyen Ba Vinh, director of Minh Vi Exhibition and Advertisement Services Co Ltd (VEAS), one of the event’s organisers, said in addition w88 chuẩn nhất showcasing advanced technologies and equipment, the expo would also include seminars and B2B business matching.

Co-organised by VEAS and China National Chemical Information Centre, Coatings Vietnam 2018 will be held concurrently with the Rubber & Tyre Vietnam and Paper Vietnam.