Vietnam Petrochemicals Report 2015 - Business Monitor International - Industry Reports

Vietnam Petrochemicals Report 2015

Vietnam Petrochemicals Report 2015 - Business Monitor International - Industry Reports
Vietnam Petrochemicals Report 2015
Published Nov 29, 2014
64 pages — Published Nov 29, 2014
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Abstract:

BMI View: The Vietnamese petrochemicals market continues to exhibit solid growth. While the domestic producers struggle to keep pace due to capacity constraint, Vietnam relies heavily on imports and we warn of project delays and heightened competition from US producers in the medium term, which could increase costs and undermine competitiveness. ...BMI View: The Vietnamese petrochemicals market continues to exhibit solid growth. While the domestic producers struggle to keep pace due to capacity constraint, Vietnam relies heavily on imports and we warn of project delays and heightened competition from US producers in the medium term, which could increase costs and undermine competitiveness. Vietnam is growing rapidly in terms of chemicals and derivatives. ...Aside from financing and land acquisition issues that have delayed refinery and petrochemicals projects in recent years, there is a danger of massive regional over-supply that will push down prices in the long term. Externally, the industry is faced with the onslaught of cheap US-based production flooding the Asian market, while it will be dependent on refineries for feedstock, which is likely to be more expensive than shale-derived ethane.

...In the January-October ---- period, chemicals production was up by -.- y-o-y, rubber and plastic output was up by -.- while chemicals consumption increased by -.- y-o-y and rubber and plastic consumption by -.- . The rise in consumption led to a surge in imports, due to limited domestic capacity, With chemicals imports up by --.- y-o-y, rubber imports up by -.- and plastic imports up by --.- in the January- October ---- period. ...The rise in consumption led to a surge in imports, due to limited domestic capacity, With chemicals imports up by --.- y-o-y, rubber imports up by -.- and plastic imports up by --.- in the January- October ---- period. A surge in capacity is expected in the medium term, with the completion of new refinery-based complexes operated by Nghi Son Refinery & Petrochemical and Vung Ro Petroleum, adding ---,--- tonnes per annum (tpa) of paraxylene and -.--mn tpa of polypropylene capacities to the industry. The PTT-Aramco joint venture complex is expected to start up in ----, adding -.-mn tpa of ethylene and ---,---tpa of polyethylene capacities to the Vietnamese industry. Vietnam scores poorly in BMI s Asia Petrochemicals Risk/Reward Index - with a score of --.- out of ---. The score is boosted by plans for additional capacities and long-term improvements in country risk; and it is weighed down by poor institutional, financial and external risks.

...Macroeconomic instabilities continue to weigh on public acceptance of the one-party system, and street demonstrations to protest economic conditions could develop into a full-on challenge of undemocractic rule. Although strong domestic control will ensure little change to Vietnam s political scene in the next few years, over the longer term, the one-party-state will probably be unsustainable. ...

  
Source:
Document ID
1749-2564
Country
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Vietnam Petrochemicals Report 2015" Nov 29, 2014. Alacra Store. Dec 07, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Vietnam-Petrochemicals-Report-2015-2026-654>
  
APA:
Business Monitor International - Industry Reports. (2014). Vietnam Petrochemicals Report 2015 Nov 29, 2014. New York, NY: Alacra Store. Retrieved Dec 07, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Vietnam-Petrochemicals-Report-2015-2026-654>
  
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