Stand face to face at scramble in South Vietnam To sell gas to electric furnace producers

摘要

About 3 years ago, Vietnam Japan Gas (VJG), established with Taiyo Nippon Sanso putting up 75% of the capital and Tomoe Shokai 25%, completed work on the largest air separation plant in the Vietnamese industrial gas market, with a gas and liquid production capacity of 21,000 m~3 an hour. The plant is located in Ba Ria-Vung Tau Province. Although Gas Review featured a report on this at that time, this was the first time in 5 years for the writer to visit Ho Chi Min City. During the time since then, the Vietnamese macro economy, hit by the global financial crisis, remained to record a growth rate of only 5-6%. It is indeed characteristic of an emerging country to say that a growth rate of 5% is low. With the country suffering from inflation, a trade deficit, and currency instability, the domestic demand too seemed not to grow. Because of this, with the arrangement of public investment, and improvement of state run industries, the country was in the midst of implementing a restructuring plan regarding the structure of the economy, targeting a growth rate again of 6.5-7%. With this Ho Chi Min City was still as bustling as ever. At any rate, the city was full of young people. 5 years ago the population of Vietnam amounted to 86 million, but now it has broken through the level of 90 million. It is a certainty that by 2020 the population will exceed 100 million. The largest demographic group is in their 30's. The motor bike "population," which is told to have reached 30 million, continues to roar through the streets rapidly day or night.