In today's rapidly advancing technological era, the emergence of numerous industrial chemical products with superior functions and applications is undeniable. To meet the growing demands of customers, suppliers must continuously strive to find optimal solutions. The opportunities and challenges created by this scenario unintentionally drive the development of existing potential. In this article, we will explore the opportunities and challenges of industrial chemicals in the Vietnamese market.
Industrial Chemicals – The “Golden” Opportunities in Vietnam:
Image: Current status of industrial chemicals in Vietnam
Not only in Vietnam but worldwide, there is a strong focus on expanding and developing industrial chemical products. These chemicals offer immense value for many important applications in everyday life. They serve as essential ingredients in creating practical, high-value products.
In Vietnam, the Prime Minister has outlined a new strategy to invest in and develop the industrial chemical sector. According to this strategy, there will be favorable tax policies for the industry to grow in the context of regional and international competition. Investment capital will be mobilized both domestically and internationally to create the best conditions for the industry. Notably, foreign investment projects that require advanced technology will be prioritized.
Therefore, Vietnam is a fertile ground for the development of the chemical industry. Tax reduction policies and the untapped market share are incredibly attractive conditions. Moreover, businesses investing in the chemical sector will receive support from the government. This includes guidance on chemical safety and tax regulations, along with collaboration to overcome the initial difficulties. Furthermore, consumer chemical production projects will continue to be encouraged to diversify and improve product quality.
Challenges Faced by Industrial Chemicals
Image: Challenges for industrial chemicals in Vietnam
First, let's review the significant impacts of industrial chemicals on the national economy. As of now, the demand for industrial chemicals in Vietnam is only met at 30%, with the remaining 70% being imported from international suppliers. In addition to agriculture, the demand for chemicals in cosmetics and cleaning products is steadily increasing. It's no surprise that large orders are being placed by top cosmetics corporations. With an annual growth rate of about 12%, this represents a huge opportunity for businesses to aggressively enter the promising chemical supply market.
However, there are still many challenges for industrial chemical suppliers. The first challenge is production technology. This is a stringent barrier for investors because of the high costs of chemical production technology and the time-consuming process of technology transfer. Moreover, the untapped market share presents significant disadvantages for startups, particularly small businesses, when competing with large chemical corporations. This leads to numerous barriers in terms of cost and time.
Conditions for Doing Business with Industrial Chemicals:
When discussing chemicals, people often associate them with hazardous products that can harm humans and the environment. To ensure safety, industrial chemicals cannot be sold indiscriminately, and suppliers must meet stringent legal standards, including the following:
- Proper quality control equipment and contracts:
Businesses need to coordinate with organizations authorized to conduct quality control. The chemical products must meet the stringent standards set by the authorities overseeing the industry. - The business owner must have a degree in chemical engineering:
A key condition before conducting business with industrial chemicals is that the director or technical director must hold a degree in chemical-related fields. - Compliance with technical inspection standards and relevant certifications:
There must be staff trained in chemical safety management, and an emergency response team on-site. Preventive equipment and emergency chemical response equipment must be appropriate for the scale and nature of the chemicals. The business must also have certification for the use of hazardous chemicals as required by the industry.
Conclusion:
Cường Thịnh Chemical Company fully meets the necessary conditions and has significant potential for success in the field of industrial chemical supply and other products. We have built our brand over the years by providing authentic, high-quality products at very competitive prices.
Furthermore, with a highly skilled team of professionals, we are ready to provide comprehensive guidance on the usage and applications of various industrial chemicals. Our delivery process is professional and fast, ensuring the utmost satisfaction for our customers. Please contact us today at our hotline: 0982.406.496 for expert advice and support on industrial chemicals, available 24/7!
