Personal income in Vietnam is growing and the middle class is expanding rapidly, with a large young population.
Presenting rapid growth, the air conditioner market in Vietnam has grown to be one of the largest markets in Southeast Asia, and provides huge business opportunities.
Many economic development zones have been set up in Vietnam, and Japanese, Korean, and Taiwanese manufacturers have moved in. Vietnam is attracting fast-growing foreign capital, and hotel and factory construction projects are on the rise. Under these circumstances, the Vietnamese PAC market in 2015 increased by 25% year on year to 35,000 units. R410A models in the 136,000-150,000 BTU/h (40-44 kW) range are the most popular PACs in the country.