Vietnam LED lighting has great potential market

According to relevant data show that as of the end of 2013, Vietnam's total of 724 supermarkets, 132 convenience stores and hundreds of stores and, at the same time there are more than 8,500 markets, including approximately one million shops. Vietnam Retail Association said that in the retail industry, the current modern retail ratio of about 22%. Compared with neighboring countries and regions, the Vietnamese retail market has great development potential.

According to the plan the Ministry of Industry and Trade of Vietnam, by 2020, Vietnam will have 1200-1300 supermarkets, 180 business centers and 157 shopping centers.

2015 7 months, foreign investors in Vietnam 47 provinces to carry out investment. Among them, the Ho Chi Minh City with a new batch and total capital of $ 2.42 billion, accounting for 27.5% of total registered foreign capital, become the country attract the most foreign capital city. Followed by Binh Duong and Dong Nai province, they were $ 1.11 billion and $ 1.1 billion, accounting for 12.6% and 12.5% ??of total investment.

At present, office rental rates in Hanoi and Ho Chi Minh City two cities more than 95%. Expected in the next five years, Ho Chi Minh City will have 500,000 square meters of new office space coming on stream to provide additional office supply 160%. At the same time, a large number of new business and industrial parks built in Ho Chi Minh City have been implemented and the surrounding areas, such as DongNai, BinhDuong and BaRia-VungTau.

For commercial lighting market potential in Vietnam, these data are just a part of it. With the gradual improvement in the future market, there will be more and more enterprises stationed, and the corresponding business according to market size will be growing. From a macro point of view, the current market is expanding throughout Vietnam, and social progress, for the entire lighting market will be in the amount of growth. And as a business, it is to see who can seize the opportunities of.