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"Vietnam Petrochemicals Report 2014" is now available at Fast Market Research

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2013-12-24 19:36:21 - Recently published research from Business Monitor International, "Vietnam Petrochemicals Report 2014", is now available at Fast Market Research

The Vietnamese petrochemicals industry is set to experience a surge in capacity from 2018 due to the completion of two new complexes in Nghi Son and on Long Son Island and a potential mega-complex being developed by Thailand's PTT. BMI's latest Vietnam Petrochemicals Report states that these will transform Vietnam from a net importer of petrochemicals into a self-sufficient producer of basic chemicals with a long-term capacity for further downstream development and exports to the Asian market.

On the downside, the business environment has not been conducive to investment in petrochemicals with financing problems and land acquisition issues causing considerable delays. Vietnamese production will have to compete with imports from Singapore, Thailand and Malaysia, which are currently major suppliers of plastic

resins to Vietnam. To be able to compete with these established players, the Vietnamese government will need to improve the country's infrastructure and streamline bureaucratic procedures for project approval.

Full Report Details at
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BMI has made the following revisions to its forecast:

* The Vietnamese petrochemicals industry is set to experience a surge of capacity from 2017/18 with the completion of two new complexes in Nghi Son and Long Son Island. These will turn Vietnam from being a net importer of petrochemicals to a self-sufficient producer of basic chemicals with a long-term capacity for further downstream development. On the basis of these projects, Vietnam is set for ethylene capacity of 1.4mntpa by 2018 with downstream operations including 970,000tpa PP and 800,000tpa PE.
* Aside from financing and land acquisition issues that have delayed refinery and petrochemicals projects in recent years, there is a danger of massive regional over-supply if all plants are built, including PTT's mega-complex, which will transform Vietnam into a regional petrochemicals exporter with 3.7mn tpa of aromatics and 6.5mn tpa olefins capacities from 2019. This would impact on petrochemicals profitability, which is already in decline. BMI cautions that plans may be scaled back if the projects lead to more output than the market can realistically absorb.
* With little current domestic petrochemicals activity, Vietnam scores poorly in BMI's Asia Petrochemicals risk/rewards ratings (RRRs). However, its position has improved since last year, with its score rising 0.5 points to 41.4 points, although it has fallen from 11th to 12th place as the Philippines has improved its position in recent quarters, now 0.9 points ahead of Vietnam. Vietnam's position has been enhanced by plans for additional highly integrated capacity and an improvement in long-term country risk, although it is still weighed down by poor institutional, financial and external risks.

Report Table of Contents:

BMI Industry View
- Political
- Economic
- Business Environment
Industry Forecast
- Table: Table: Vietnam's Petrochemicals Sector, 2011-2018, '000tpa
Macroeconomic Forecasts
- Table: Vietnam - Economic Activity
Industry Risk Reward Ratings
- Asia Overview
- Short-term outlook
- Preparing for another capacity surge
- Rapid growth in Southeast
- Vietnam Industry Risk/Reward Ratings
- Table: Asia Petrochemicals Industry Risk/Reward Ratings
Market Overview
Industry Trends And Developments
Company Profile
- PetroVietnam
- Vinachem
Regional Overview
- Asia Overview
- Short-term outlook
- Preparing for another capacity surge
- Rapid growth in Southeast
Global Industry Overview
- A Stable 2013, Leading to Growth in 2014?
- Table: Top 10 ethylene producers, 2013
- Long-term growth
- Shale: The Future of Feedstock?
- Threats to growth
- Global Oil Products Price Outlook
- Methodology
- Crude Price Forecasts
- Table: BMI's Oil Price Forecasts, Average Price (US$/bbl)
- Variance Across Product Markets
- Narrower US Market Crude-Product Spreads
- Weak Demand Persists
- Risks To Outlook
- Table: BMI's Refined Products Forecasts, US$/bbl
- Supply: Supported By Global Refining Capacity
- Naphtha: US Gas Hits Demand
- Gasoline And Gasoil/Diesel: Subsidies & Fuel Efficiency Cap Upward Movement
- Jet Fuel: Limited Upward Movement
- Table: Total Air Freight And Passenger Volumes
- Bunker Fuels: Sulphur Control To Hit Rotterdam Hardest
Demographic Forecast
- Demographic Outlook
- Table: Vietnam's Population By Age Group, 1990-2020 ('000)
- Table: Vietnam's Population By Age Group, 1990-2020 (% of total)
- Table: Vietnam's Key Population Ratios, 1990-2020
- Table: Vietnam's Rural And Urban Population, 1990-2020
- Table: Glossary Of Petrochemicals Terms
- Industry Forecast Methodology
- Risk Reward Rating Methodology
- Table: Petrochemicals Risk Reward Rating Indicators
- Table: Weighting Of Indicators

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156.

Bill Thompson
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