Benefit from the economic take-off, Vietnam LED lighting market in 2020 output value of over 5 billion 600 million

With the Vietnam GDP is increasing year by year, the demographic dividend, at the stage of economic take-off, but also led to the Vietnam LED lighting market. According to the Vietnamese Lighting Association (Vietnam Lighting Association) data show that Vietnam LED lighting market value will reach $854 million in the next three years (about 5 billion 655 million yuan), the annual growth rate of 25%.

LED lighting market in Europe and the United States has become increasingly saturated, and the Chinese market suppliers and price competition, LED lighting market in emerging markets such as India, Southeast Asia, South America and the Middle East Point the day and await for it.

In Southeast Asian countries in Vietnam brisk performance, Southeast Asian LEDinside lighting market report shows that in 2016 the Vietnamese lighting market size of $348 million, more than 40% penetration rate, forecast to 2018 the penetration rate can reach 51%.

The Vietnam chamber of Commerce and the vice chairman and Secretary General Tran Dinh Bac pointed out that the current lighting electricity accounted for about 35% of the Vietnam national electricity consumption, if can use LED lighting bulb instead of 50%, to 2020, 20 billion 800 million kWh (kW / h), decreased by about 9 million tons of carbon dioxide emissions.

At present, Vietnam LED manufacturers still PHILPS, OSRAM and other foreign companies is the largest, followed by Dien Quang Rang, Vietnam's domestic manufacturers Dong, Duhal etc.. However, the Vietnamese Dachang and more focused on the downstream industry chain, the lack of overall LED, so the whole industry chain still has great development space.

Vietnam's domestic LED manufacturers a total of about 200, but the Vietnamese lighting market there are still many uneven LED lighting products, the problem in monitoring its lack of consistent product specifications and related departments.

Tran believes that Vietnam should learn from other countries, and set up the ASEAN (ASEAN) and other developed countries LED product standards; the government also should strengthen supervision, to ensure that enterprises have a transparent and open competition environment.

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