News Agency - Detail

Vietnam: Untapped Petchem Market for Iran

Vietnam: Untapped Petchem Market for Iran
(Tuesday, October 22, 2024) 11:43

Tehran (NIPNA) – Vietnam presents a significant opportunity for Iran’s petrochemical industry, with growing interest from Vietnamese officials in importing Iranian products, according to Iran's ambassador to Vietnam, Ali Akbar Nazari.

 

 

Speaking on the sidelines of the 22nd Vietnam Plastics and Rubber Industry Exhibition, Nazari emphasized the high demand in Vietnam's polymer and plastic sectors. "Vietnam is eager to welcome strong Iranian companies," he stated, adding that the market had previously been dominated by traders from another regional country, who sold products at elevated prices.

Nazari highlighted that Iranian companies can offer competitive pricing with products of similar or better quality, positioning themselves to gain a foothold in Vietnam’s market. This, he said, is supported by the enthusiasm of key economic sectors in Vietnam, particularly those visiting the exhibition’s Iranian booths.

Among the prominent visitors were members of the Vietnam Plastics Association, which represents 3,000 companies, as well as executives from major local producers and distributors.

Vietnam, which has seen 15-20% growth in its polymer and plastic industries, boasts 4,200 plastic and rubber processing units, with 2,800 concentrated in the industrial hub of Ho Chi Minh City. The presence of Petrolimex, Vietnam’s largest importer of chemicals and petrochemical products, at the exhibition further underscores the country's openness to Iranian participation.

Nazari also reported that the Vietnamese Chamber of Commerce has shown strong interest in expanding ties with Iranian manufacturers, suggesting that Iranian companies could soon capture a significant share of Vietnam’s rapidly growing market.

Email is required
Characters left: 500
Comment is required