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Economic 360 for Vietnam: Growth Prospects and Emerging Opportunities in the Environmental Industry

Frost & Sullivan, July 2010, Pages: 70


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This research service provides a 360 economic perspective on Vietnam. It encompasses multiple macroeconomic factors such as the political regime, government agenda, socio-economic trends and provides an insight into transparency of legal systems and technological developments in Vietnam. The research service provides extensive details on development plans and growth trends in industrial sectors. Focusing on the environment industry, the research covers emerging environmental issues and their implications for the environmental industry segments. Air pollution control equipment, waste water treatment and solid waste treatment equipment markets are covered with focus on growth trends and ensuing emerging opportunities for each segment.

The environmental industry has taken centre stage in recent times and has been accorded top priority by governments in both developed and developing countries. Environment protection is the latest buzzword as nations’ Green consciousness has triggered a spate of environment development activities, especially in advanced regions such as the European Union. Such efforts assume greater importance in the face of environment degradation brought about by accelerated economic development. With international agreements such as the Kyoto Protocol coming into force, even Southeast Asian countries such as the Vietnam have jumped onto the Green bandwagon. The global environmental industry is poised for growth due to the adoption of strong policy initiatives, which are likely to be revised through Five Year Plans. General economic policies greatly affect the environmental industry and industry-specific policies provide added thrust. The economy of a country plays a huge role in strengthening and boosting the industry with its effective trade ties and inflows of foreign direct investment (FDI). These factors are vital for the growth of the environmental industry. Social and infrastructural developments also provide support for the industry.

Environment protection is high on the agenda of Vietnam’s Government. While there are already strong policies in place, Vietnam is expecting to enforce additional environment protection policies and measures such as environmental tax. Government activities, coupled with the influx of foreign investment in the sector, are likely to give a boost to environment protection in the country. Vietnam’s economy has demonstrated resilience during the economic slowdown and is poised for steady growth in the next seven to eight years, with demonstrated fiscal and monetary prudence. The country’s environment industry has benefited from its firm economic fundamentals. Although there has been a rise in the quantities of air pollution, wastewater discharge, and solid waste, there have been robust initiatives to curb pollution by deploying pollution abatement equipment. Recycling, though presently under-developed, has considerable promise due to the amount of waste left untreated. With upcoming recycling and waste treatment projects as well as burgeoning environmental services, the Vietnamese environment industry holds significant potential. Advancements in treatment technologies are likely to pave way for a well-developed environment industry. Regional and infrastructural opportunities, coupled with favorable political and economic policies, are also likely to boost the industry in Vietnam.

Frost & Sullivan’s Environment Country Industry Forecast service provides vital inputs for evaluating the attractiveness of a country and its environment industry. Apart from enabling decision makers to assess the impact of non-market forces, it also helps in identifying new market opportunities. This service provides a strong base for preparing contingency plans. In addition, investors can assess industry-specific risk factors as well as conduct a more in-depth micro research.


Benefits

The research offers the following benefits:

- Identify New Market Opportunities

The trends of the economic environment of Vietnam have been analyzed along with their impact on the environment industry. This analysis will provide valuable information to participants on opportunities in specific segments of the industry in Vietnam.

- Understand Future Industry Trends

The research service gives an insight into Vietnam’s environment industry, discusses its dependence on the prevailing economic scenario, and describes the various infrastructure developments in the industry. This will help industry participants to gauge the future direction of the market, enabling them to devise appropriate strategies to improve market share.

- Comprehend the Economic Environment

A detailed analysis of the economic framework of Vietnam’s environment industry provides insights into the economic parameters as they exist and the future direction of the same. This is particularly beneficial in the case of the environment industry, as these economic indicators form an important criterion for industry performance.

- Devise Country Entry Strategies

The research service provides valuable information and analysis of the strengths and weaknesses of the economy of Vietnam, which are relevant to the environment industry. This is particularly useful in devising country-specific strategies for industry participants.

- Evaluate Industry Segment Potential

This study offers detailed coverage of the economic and infrastructure indicators affecting the industry and their future direction. It provides both country and industry trends and forecasts for major variables and is an excellent tool for companies that plan to enter new geographic markets. This will help corporate planners in developing accurate business plans.


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