Lighting industry in Vietnam is considered attractive to potential domestic and foreign investors.
Mr. Alex Lee, CEO of Stavis (Korea) – organization that recently held Vietnam Lighting Industry Exhibition in Ho Chi
Minh City, said that the potential and investment opportunities for lighting areas are huge, since the Government of Viet Nam has been advocated replacing traditional lamps with modern LED lights, which is more energy-saving and environmentally friendly. This is also the trend of global illumination technology.
LED is the new technology products that meet many criteria and have a lot of use, but Vietnam’s LED market seems still unexplored.
Shin-Etsu Chemical Company (Japan) is preparing to put into operation two large investment projects in Vietnam specializing in producing high-tech materials which are silicon used for LED lights and refining rare earth to make
lighting product. Capital investment for these two projects is 38 million USD and 26 million USD respectively.
The silicon project for LED at the Thang Long Industrial Park 2 (Hung Yen province) is expected to go into operation in March 2013 and the second project in Dinh Vu Industrial Zone (Hai Phong City) will go into operation in February 2013.
Meanwhile, the representative of Degree Lighting Store (Thailand) said that early next year, they will expand the distribution of decorative lighting products to Vietnam and Laos, after the opening of the distribution system in Myanmar in December 2012.
According to experts, the lighting industry has many investment opportunities, because Vietnam has rapid urbanization with many new residential areas, the advertising industry uses multiple outdoor tables, shops prefer LED signs, roads, bridges develop rapidly (including the modern road tunnels that have just been put into use, as in Hanoi and Thu Thiem tunnel, Ho Chi Minh City), therefore the need for traffic lighting is very high.
Mr. Tian Ji An, deputy general manager in charge of business from Neo-Neon Vietnam specializing in manufacturing LED lights, said that the parent company in China founded Neo-Neon Vietnam in Thai Binh province in 2007 to pave the way enter the domestic market in the region. The company also plans to expand the plant in Thai Binh to serve this
“Prime Minister Nguyen Tan Dung has approved a national program on energy saving and efficiency, period 2012-2015 in order to save 5-8% of the country’s power consumption. We want to take advantage of this undertaking business by promoting its energy saving lamps, “said Mr. Tian Ji An.
Meanwhile, Mrs. Nguyen Thi Thuy Linh, Quang Thang Company’s representative (Binh Duong province) said that Quang Thang founded in 2001 to export fashion, but since 2009 has partnered with Taiwanese companies to specialize in the assembly and distribution of LED in Vietnam since they found the new area have more business opportunities. Presently, Quang Thang is diversifying LED products for a variety of practical applications.
(Source: Investment times)