Vietnam’s chiller market is not so large at present compared with the big three markets in Southeast Asia: Thailand, Indonesia, and Malaysia. Its size was US$ 33.0 million in 2015, an increase of 1.1% compared with 2014. Screw models accounted for about one half of the total chiller market, with a value of US$ 16.4 million and an annual growth rate of 19.7%. Centrifugal chillers, the second largest segment, decreased by 17.1% to US$ 14.6 million, which reduced big growth of the total chiller market in 2015.
Vietnam enjoys geographic advantages, with deep seaports and convenient shipping routes to Europe and the United States. On land, it neighbors southern China and has the major transportation route of the Mekong River. Investors are showing interest in the automobile, electronics, oil, and natural gas industries in Vietnam. Following investment from South Korean household appliance manufacturers, Japanese manufacturers are also ramping up their presence in Vietnam.