According to information released by the Ministry of Construction of Vietnam, the Draft National Urban Development Plan for 2011-2020 drafted by the Ministry of Construction has been completed. The total investment for urban development in Vietnam during 2011-2020 was 1098 trillion dong (approximately US$50 billion). The national level of urbanization will reach 38% in the year. According to the plan, the amount of urban development investment for 2011-2015 includes investment in new facilities of US$20 billion, and transformation of investment in the market capacity by US$3 billion; in 2016-2020 it is US$27 billion, including investment in new facilities of US$24 billion, and investment in upgrading the city's capacity by 3 billion yuan. Dollars. This means that LED lighting has huge potential for expansion in the ASEAN market and may become a new strategic base for Chinese LED companies in the future.
With a population of 576 million and a gross domestic product (GDP) of 156.2 billion U.S. dollars, ASEAN is the world’s third largest regional organization after North America and the European Union. In terms of trade, it has a unique zero-tariff policy in the China-ASEAN Free Trade Area. The advantages. As the largest LED lighting production area in the world, China has formed a huge industrial chain in the upper, middle and lower reaches of LED industry. The comprehensive industrial advantages are quite obvious. Although the Chinese mainland market also has great potential for development, it is also a complicated industry chain. For the number of companies, the competitive situation is still grim. At this time, the ASEAN market is more like an undeveloped virgin land.
For emerging markets in China and Southeast Asia, while it is the first to usher in economic recovery and development, infrastructure construction will, to a large extent, promote the development of its market lighting industry. With the development of economy, the process of urbanization in China and Southeast Asian countries will undoubtedly be greatly accelerated. LED lighting will undoubtedly occupy an extremely important position in the process of urbanization. Commercial lighting, urban street lamps and other LED demand will be extremely high. Big growth.
With a population of 576 million and a gross domestic product (GDP) of 156.2 billion U.S. dollars, ASEAN is the world’s third largest regional organization after North America and the European Union. In terms of trade, it has a unique zero-tariff policy in the China-ASEAN Free Trade Area. The advantages. As the largest LED lighting production area in the world, China has formed a huge industrial chain in the upper, middle and lower reaches of LED industry. The comprehensive industrial advantages are quite obvious. Although the Chinese mainland market also has great potential for development, it is also a complicated industry chain. For the number of companies, the competitive situation is still grim. At this time, the ASEAN market is more like an undeveloped virgin land.
For emerging markets in China and Southeast Asia, while it is the first to usher in economic recovery and development, infrastructure construction will, to a large extent, promote the development of its market lighting industry. With the development of economy, the process of urbanization in China and Southeast Asian countries will undoubtedly be greatly accelerated. LED lighting will undoubtedly occupy an extremely important position in the process of urbanization. Commercial lighting, urban street lamps and other LED demand will be extremely high. Big growth.
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