According to the report of the emerging industry strategic think tank, with the improvement of the LED industry technology and the reduction of product prices, the continuous fermentation of the global white-ban policy, and the enhancement of consumers' awareness of energy saving and environmental protection, LED lighting demand has begun to lead the global lighting market. The Southeast Asian market has become an important emerging market for China's LED exports. As one of the representative countries of Southeast Asia, Vietnam has been expanding rapidly since its reform and opening up in 1986, and its level of opening up has been continuously increasing. Relying on rapid economic development needs, huge demographic dividends, government policy support and other factors, taking advantage of policy bonuses such as the "China-ASEAN Free Trade Area" and China's "Belt and Road", Vietnam ’s LED lighting market has huge potential for demand and will become China ’s Lighting products are one of the most important economies.
In 2006, with the technical assistance provided by the Vietnam High Efficiency Public Lighting Project (VEEPL) funded by the United Nations Development Program (UNDP) and the Global Environmental Protection Fund (GEF), Vietnam began to invest $ 700,000 in the use of high efficiency public lighting fixtures. The Ministry of Industry and Commerce of Vietnam will build another project to continue to implement the plan to use high-efficiency electric lamps instead of core wire bulbs. LED electric lamps are scheduled to be widely adopted in 2014. In addition, according to the contents of the draft "National Urban Development Plan 2011-2020" announced by the Ministry of Construction of Vietnam, by 2020, Vietnam's urbanization rate is expected to increase from the current 27% to 45.2%. Between 2010 and 2020, Vietnam will develop 364 million square meters of residential space in urban areas, which means that approximately 36 million square meters of land will be developed each year. It is foreseeable that with the implementation of the government ’s support and subsidy policy for high-efficiency public lighting and the implementation of the urbanization plan, the demand for civilian LED lighting products and a large number of LED indoor and outdoor lighting engineering projects in China will usher in a blowout period. Usher in the golden age.
And the facts have proved that in the past two years. Vietnam's import of China's LED lighting products has the fastest growth in market size, and has become the largest exporter of China's LED lighting products to the ASEAN market. According to statistics, China ’s cumulative export of Vietnam ’s LED lighting products in 2013 was only more than 50 million US dollars, ranking 35th in the world ’s export market; in 2014, China ’s cumulative export of Vietnam ’s LED lighting products has reached more than 900 million US dollars, and the world ’s export rankings leapt Ranked third, behind the United States (US $ 2,941,388,647.17) and Russia (US $ 1,099,162,912.49) (as shown in Table 1).
From the perspective of the international market of Vietnam's imported LED lighting products, from January to November 2014, more than 99% of Vietnam's imported LED lighting products came from China. China has become the largest importer of Vietnam's LED products with absolute advantages (see Figure 1). . On the one hand, it shows that Vietnam's dependence on China's economy is extremely high; on the other hand, it also shows that the Vietnamese market's acceptance of Chinese LED lighting products with high cost performance is very high, and it is accompanied by the in-depth new round of international cooperation strategies such as China ’s “Belt and Road” The implementation will undoubtedly lay a strong boost for Chinese LED manufacturers to continue to seize the Vietnamese market. The Vietnamese market will be one of the key export markets for Chinese LED manufacturers' products.
From January 2013 to December 2014, China ’s LED lighting products exported to Vietnam ’s market can be seen from the chart. In 2013, the overall export of Chinese LED lighting products to the Vietnamese market has just started, and has started to improve since the fourth quarter of 2013, but Still hovering below $ 20 million. March 2014 was a watershed year when the export value exceeded US $ 20 million. Since then, the scale of exports has grown by leaps and bounds, showing a trend of several times growth, especially in June, July, and September. The export scale performance is very eye-catching, all above 160 million US dollars.
Conclusion: In short, the rapid expansion of China's export of Vietnam's LED lighting product market is not accidental, nor is it a flash in the pan. In addition to Vietnam ’s own development needs and other stimulus factors, China and Vietnam ’s continuous close economic exchanges and new international cooperation will definitely help open Vietnam ’s LED lighting market. It is believed that with the in-depth implementation of the China-ASEAN Community of Destiny Community "2 + 7 Cooperation Framework" and "One Belt, One Road" and other strategies, the Asian Infrastructure Investment Bank and Silk Road Fund have been successively established, and Chinese LED companies will have lower labor and land costs. Vietnam has set off a new round of investment boom, which is more convenient for Chinese LED lighting products to seize the Vietnamese market. In the future, China's penetration rate of Vietnam's LED lighting market will continue to deepen, let us wait and see.
