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Economic 360 for Vietnam: Growth Prospects and Emerging Opportunities in the Energy Industry
Frost & Sullivan, Aug 2010, Pages: 79
The energy industry has been accorded high priority by governments in developed and developing countries due to the escalating demand for energy and electricity. Regions such as Russia and the Middle East, which are energy rich, have significant gross domestic product (GDP) and trade. However, places, such as North America and Asia Pacific that do not have adequate energy resources are dependant on imports. The growing prominence of renewable energies has placed the spotlight on the world energy markets. Solar energy, wind energy, hydro power, biomass, and more recently, nuclear power are meeting the demand for power generation. While the renewable energy sector is already in the growing stage in North America and the EU, it is a nascent industry in the Asia Pacific region. The Kyoto Protocol, government mandates, and emission control regulations bode well for the future of the renewable energy sector. Government targets for clean energy, strong policy initiatives, and large investments are bound to drive the industry. Demographic structures go a long way in influencing the energy industry by increasing demand. Technological developments to tap into renewable energy sources are also vital for its growth.
Vietnam is endowed with energy resources such as coal, biomass, as well as oil and gas and there is a huge market for them due to the country’s demographic composition and industrial development. There is likely to be a spurt in the number of coal-fired plants, while renewable energies are expected to witness robust growth with existing solar energy and hydro power projects anticipating capacity expansions. There could also be a change in the energy mix with nuclear and renewable sources becoming the dominant components. Meanwhile, initiatives related to petrochemicals will increase the number of oil refineries in the country and usher in a spate of international projects. Donor aid and foreign investments are further boosting the industry, as is the country’s firm economic fundamentals. Vietnam’s economy has demonstrated resilience during the economic slowdown and is poised for steady growth with fiscal and monetary prudence. Governments’ desire to achieve energy sustainability and immense potential for renewable energy such as geothermal and biofuels are likely to pave the way for a well developed energy industry in Vietnam.
Frost & Sullivan’s Energy Country Industry Forecast service provides vital inputs for evaluating the attractiveness of a country and its energy 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 following benefits are offered by this research:
Identify New Market Opportunities
The trends of the economic environment of Vietnam have been analyzed along with their impact on the energy Industry. This analysis will provide valuable information to industry participants on market opportunities in specific segments of the industry.
Understand Future Industry Trends
The research service gives an insight into Vietnam’s energy industry, discusses its dependence on the prevailing economic scenario, and describes the various infrastructural 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 energy industry provides insights into the economic parameters as it exists 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 energy industry. This is particularly useful in devising country-specific strategies for industry participants.
Evaluate Industry Segment Potential
This research service is focused on the energy industry in Vietnam with a detailed coverage of the economic and infrastructure indicators affecting the industry and their future direction. It offers 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.
This research service provides an in depth analysis of Vietnam's energy industry. Insights into political trends, economic and trade policies, impact of the economic recession on economic growth are provided. It also covers demographic trends, legal framework and technology development in the country. The main focus of this study is on evaluating energy industry trends, energy mix and burgeoning sectors such as petrochemicals and renewable energy. Insights on key sectors such as coal and electricity generation and emerging growth opportunities in hydropower, oil refining and electricity distribution are also discussed.
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