The commercial industrial gases market in Vietnam is estimated to have generated revenues of $165 million in 2015. This is up from $40 million in 2006, indicating an average annual growth rate of 15.6% for the decade.
The Vietnamese economy grew at an average rate of 6% p.a. between 2006 and 2016. Since the 1980s the economy has transitioned rapidly from a poorly performing centrally planned communist marketplace to a dynamic, export-oriented, rapidly modernising entity. Throughout the last decade the economy of Vietnam has experienced good growth, with the rate of GDP growth not dropping below 5% in any given year.
Report Data: 2016