Secret in the money under the king of Vietnam LED market figures

[LED] Chinese network according to the customs statistics show that in 2015 1-6 months, China and the The Belt and Road "along the 70 countries export $371 billion 530 million, an increase of 1.5%; imports $256 billion 60 million, down 18.8%. Among them, the trade surplus of $115 billion 470 million, an increase of $65 billion 40 million over the same period last year. Vietnam is China's foreign trade surplus country, but also in the 70 countries along the line, China's third largest trading partner.

In this regard, China's LED lighting products exports to Vietnam can also see some of the data. According to statistics, the first quarter of 2015, China's LED lighting on Vietnam's exports of $73 million 760 thousand, an increase of 1424% compared to the first quarter of 2014, the market ranked tenth from the fourth quarter of 2014 rose to seventh, China's exports to Vietnam accounted for more than 1/3 of the Southeast Asian market share, to the first half of the year, ranked by 2015 in the first quarter of seventh to eighth, but is higher than in 2014.

With the gradual maturity of the domestic LED lighting industry, enterprises tend to big Hengda, the product began to standardize the stage of standardization, Vietnam's LED lighting market how much? The current situation of the potential market for LED lighting in Vietnam?

2 billion U.S. dollars of investment funds into the real estate lighting promising

According to the Ministry of Construction announced the "2011-2020 national urban development plan," the draft content, by 2020, the ratio of urbanization in Vietnam is expected to increase from the current 27% to 45.2%. During the period 2010-2020, Vietnam will develop 364 million square meters of residential space in urban areas, which means that each year will develop about 36 million square meters of land. The implementation of urbanization and rapid economic development has greatly stimulated the demand for lighting products, as well as a large number of indoor and outdoor lighting products. Vietnam lighting products market has entered a golden period.

According to the Ministry of foreign affairs and the Ministry of foreign affairs of Vietnam plan report shows that in the first 7 months of 2015, Vietnam's new national capital increase and the amount of $8 billion 800 million, equivalent to the same period last year, 92.4%. Foreign direct investment (FDI) projects in place funds of about $7 billion 400 million, an increase of 8.8%. Foreign investors to carry out investment in Vietnam in 17 areas, including real estate ranked second, a new batch of 15 projects and 7 capital projects, and a new batch of capital amounted to $1 billion 690 million, accounting for the total amount of the registered capital of 19.3%.

According to Vietnamese business registration and Management Department of Statistics said that enterprises in Vietnam newly registered real estate industry this year, the number of strong growth, the national new ventures surge, 1-8 in the national newly established enterprises amounted to 61305, an increase of 29.9%, enterprises registered capital of 376 trillion vnd (about 16 billion 700 million U.S. dollars), an increase of 29.2%. Among them, 18 new foreign real estate enterprises, as well as more than 7 real estate enterprises to increase investment.

As such a large number of FDI will flow into the real estate industry, the demand for lighting products is expected to have higher growth. The implementation of the urbanization plan and the rapid economic development has greatly stimulated the local demand for lighting products in vietnam.

In view of the high energy consumption of lighting, Vietnam VEEPL has been implemented, including the replacement and upgrading of existing lighting systems to reduce energy consumption. It is predicted that by 2015, 100% of the street lamps will be replaced by high-pressure sodium lamps and energy-saving lamps, all indoor lights will be replaced by T8, T5 and energy-saving lamp lighting. Since 2008, LED lighting system has been gradually installed in different places in Vietnam, focusing on the replacement and upgrading of existing lighting systems to reduce energy consumption. Therefore, Vietnam's demand for LED lighting and green lighting system is growing rapidly.

Shopping malls, office LED market potential can not be ignored

According to relevant data, as of the end of 2013, a total of 724 Vietnamese supermarkets, shopping malls and hundreds of convenience stores, while there are more than 8 thousand and 500 markets, including about 100 shops. Vietnam Retail Association said that in the retail industry, the current proportion of modern retail formats about 22%. Compared with neighboring countries and regions, Vietnam's retail market has great potential for development.

According to Vietnam's Ministry of industry and trade planning, by 2020, Vietnam will have 1200-1300 supermarkets, 180 business centers and 157 shopping centers.

In the first 7 months of 2015, foreign investors to invest in Vietnam's 47 provinces and cities. Among them, the new batch of Hu Zhiming and the total capital of $2 billion 420 million, accounting for the total registered capital of 27.5%, becoming the country's largest foreign investment in the city. Followed by the province of Pingyang and Chennai, respectively, $1 billion 110 million and $1 billion 100 million, accounting for 12.6% of the total investment of the country and 12.5%.

At present, the offices in Hanoi and Hu Zhiming are more than 95%. It is expected that in the next five years, Hu Zhiming will have a new office building of more than 500 thousand square meters, providing an additional $160% in office supplies. At the same time, a large number of new commercial and industrial park construction has been implemented in the city of Hu Zhiming and surrounding areas, such as Dong Nai, Binh Duong and Ba Ria - Vung Tau.

These data are only a part of the market potential for Vietnamese commercial lighting. With the gradual improvement of the market in the future, there will be more and more enterprises stationed, and the corresponding business according to the market will become increasingly large. From a macro point of view, the current Vietnamese market is expanding, the progress of the society, the amount of the entire lighting market will be in the growth of. As an enterprise, is to see who can seize the initiative.

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