Playing an important role in the industry of manufacturing inorganic compounds, metal cleansing, house cleaning chemicals, water treatment, oil extraction, food production, electroplating, etc,...chemical use in Vietnam keeps increasing. Especially, the electronics industry, oil exploitation, iron and steel production are on the strong development nowadays. This has led companies to increase import of chemicals and distribute this source of raw materials to domestic production facilities.
According to preliminary statistics of the General Department of Customs, total chemical importin the first 3 months of 2018 reached US $ 1.15 billion, increased by 22.7% over the same period in 2017. Within 11 months from the beginning of 2018, import of chemicals and chemical products originated from China was worth US $ 2.71 billion, import of thoseproducts originated from Taiwan was worth US $ 1.09 billion, andthose from Korea was worth US $ 1.03 billion ...
According to forecastfor the near future, chemical producers and traders will increase their capacity and increase chemical import to meet the increasing domestic demand.
Take HCL acid, for example, Vu Hoang Company is one of the top 10 HCL acid importers-exporters. In the first 6 months of 2018, Vu Hoang was ranked the seventhtop exporters of HCL acid with 509 tons, valued at US $ 153 thousand. As for the import, Vu Hoang was ranked the fifth top of HCL acid importers with 440 tons, valued at US $ 132 thousand. HCL acid was imported with good quality and high purity. With a modern warehouse system, Vu Hoang ensures a stable supply of goods with the best price for customers - (Source: Vibiz compiled).