The commercial industrial gases market in Vietnam is estimated to have generated revenues of $196m in 2017. This is up from $57m in 2007, indicating an average annual growth rate of 14.1% for the decade.
The Vietnamese economy has shown formidable growth over the past 15 years and is one of the real “Tiger” economies – attracting investment from across the world and especially from Japan. The economy itself grew at an annual average rate of 6% p.a. between 2007 and 2017. Since the 1980s the economy has transitioned rapidly from a poorly performing centrally planned communist marketplace to a dynamic, export-oriented, rapidly modernising entity.
Report Data: 2018
The commercial industrial gases market in the Philippines estimated to have generated revenues of $300 million in 2016. This is up from $110 million in 2006, indicating an impressive average annual growth rate of 11% for the decade.
Within the 2018-2023 timeframe, gas world business intelligence predict growth from 7.9% p.a. in a low scenario to 8.2% p.a. in a high scenario. Accordingly, the industry in is expected to achieve revenues of between $31.5m to $31.9m by 2023.
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