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2.7 SE ASIA -- Vietnam
2017/11/26
Vietnam’s chiller market is not so large at present compared with the big two markets in Southeast Asia, Thailand and Indonesia. However, it increased to US$ 40.7 million in 2016, showing significant growth of 23.6% compared with 2015, despite the stagnant market situations in the big four markets in the region, namely Thailand, Indonesia, Malaysia, and Philippines.
 
By chiller type, centrifugal chillers showed the greatest growth of 70.7%, increasing to US$ 24.9 mil-lion, which accounted for 61.2% of total chiller sales in the country. Meanwhile, the screw type, which accounted for half of the total chiller sales in 2015, decreased by 17.1% to US$ 13.6 million in 2016.
 
Vietnam enjoys geographic advantages, with deep seaports and convenient shipping routes to Europe and the United States. On land, it has a border with southern China and has a major transportation route via the Mekong River. Investors are showing interest in the automobile, electronics, oil, and natural gas industries in Vietnam. Following in-vestment from South Korean house-hold appliance manufacturers, Japanese manufacturers are also ramping up their presence in Vietnam.
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