Deep Cultural Understanding
We help you connect with Vietnam's diverse cultures by navigating local habits, values, and unspoken norms. This ensures your strategy aligns with local expectations, building trust and fostering sustainable results.
Vietnam Chemicals Consulting
With decades of experience in chemicals consulting, we help businesses thrive in Vietnam's competitive market. Our tailored approach and global reach empower clients with expert insights and hands-on support, ensuring growth and success in Vietnam's dynamic chemicals sector.
Vietnam Macroeconomic Overview
Vietnam’s chemicals sector in 2025 accounted for approximately USD 24.68 billion in first-point domestic sales. The industry is forecasted to grow at an average annual rate (CAGR) of around 8.5 % from 2025 through 2031, driven by expanding manufacturing demand, localization of intermediate production, and growth in specialty formulations.
In terms of trade dynamics, Vietnam’s chemical imports remain substantial. In 2025, about USD 16.20 billion worth of chemical products were imported—around 66 % import dependence. In the first four months of 2026, imports reached USD 6.01 billion, up 19.1 % year‑on‑year. China remained the largest supplier, with USD 2.74 billion, a 27.1 % increase.
Export performance in 2025 was more modest, totaling nearly USD 2.78 billion, a year‑on‑year increase of approximately 0.6 %. Growth in exports showed signs of volatility, with some key markets declining while others, such as India, saw gains.
The chemicals sector in Vietnam is forecasted to grow annually at a rate of
8.5%
Source: Vietnam Chemicals Market Market Share, Companies & Trends Report 2025-2031
Our Chemicals Expertise in Vietnam
In Vietnam, the chemicals industry is rapidly evolving, marked by notable advancements across various sectors such as petrochemicals, agrochemicals, pharmaceuticals, industrial gases, and specialty chemicals. The burgeoning demand in electronics, textiles, automotive, and construction chemicals further underscores the dynamic landscape. Our Vietnam Chemicals Consulting provides expert strategies tailored to leverage these opportunities, ensuring clients stay ahead in this competitive market.
The chemicals sector in Vietnam is influenced by trends such as sustainable practices, digital transformation, and the integration of renewable materials. With our comprehensive approach, clients benefit from insights into sectors like coatings, adhesives, construction, cleaning agents, pigments, and dyes. By understanding the nuances of these trends, our consultancy empowers businesses to not only adapt but thrive amid industry shifts.
Our consultation extends to sectors including mining chemicals, water treatment, plastics, rubber processing, and lubricants. With an emphasis on efficiency and innovation, our Vietnam Chemicals Consulting aids decision-makers in navigating regulatory landscapes, enhancing production efficiency, and achieving strategic growth targets. Our expertise ensures a seamless alignment with industry advancements, fostering sustainable success.
Our Proven Local Know How
Data-Driven Market Intelligence
Our actionable intelligence, powered by real-time market monitoring and insights from your ecosystem, enables you to make informed decisions, seize emerging opportunities, and mitigate risks in Vietnam's dynamic markets.
Authentic Local Insights
Through direct engagement with key stakeholders, we provide you with nuanced perspectives that reveal the “why” behind market behaviors, helping you design tailored solutions that drive meaningful results.
Turn Chemicals Insight into Stronger Decisions in Vietnam
Validate opportunities, manage risk, and allocate capital with greater confidence through current market evidence and practical strategic advice.
How We Help
Our company has successfully supported various Chemicals projects by providing market research, competitive analysis, and strategic guidance to help businesses succeed.
Market Research
We offers comprehensive Chemicals market research, delivering valuable insights and actionable recommendations in Vietnam to enable businesses to make well-informed decisions and achieve long-term success in the industry.
Strategic Planning
We offers comprehensive Chemicals Strategic Planning services in Vietnam, providing tailored frameworks and actionable strategies to help businesses achieve their goals and sustain growth in a competitive environment.
Market Entry
We delivers expert Chemicals Market Entry Strategy solutions in Vietnam, offering valuable insights and effective approaches that empower businesses to successfully penetrate new markets and secure a competitive edge.
Mergers and Acquisitions
We provides in-depth Chemicals Merger and Acquisitions advisory in Vietnam, guiding businesses with expert recommendations to navigate complex transactions, unlock synergies, and maximize shareholder value.
Value Chain Analysis
We specializes in Chemicals Value Chain Analysis in Vietnam, delivering actionable insights that optimize operational efficiency, enhance profitability, and drive strategic decision-making for businesses across industries.
Competitive Benchmarking
We offers thorough Chemicals Competitive Benchmarking services in Vietnam, helping businesses identify key performance gaps, uncover market opportunities, and build stronger competitive strategies.
Distribution & Strategic Partnership
We delivers expert Chemicals Distribution and Strategic Partnership solutions in Vietnam, enabling businesses to establish effective networks, foster collaborative relationships, and achieve long-term market success.
Consumer Behavior Analysis
We provides advanced Chemicals Consumer Behavior Analysis services in Vietnam, offering actionable insights into consumer preferences and trends to help businesses refine their strategies and enhance customer satisfaction.
Our Experts
Establish industry dominance with our experts and partners
Damien Duhamel
Managing Partner
Market Research, Strategy & Market Expansion
Mickael Feige
Partner
Market Research, Market Entry & Growth Strategy
Damien Duhamel
Managing Partner
Market Research, Strategy & Market Expansion
Mickael Feige
Partner
Market Research, Market Entry & Growth Strategy
Our Presence in Media & Events
SOUTH CHINA MORNING POST
South China Morning Post featured Damien Duhamel, Managing Partner at Eurogroup Consulting, sharing his perspective on how Chinese EV competition could reshape Malaysia's automotive industry and the wider regional market.
TRANSPORT LOGISTIC SEA 2025
At Transport Logistic Southeast Asia 2025, Mickael Feige, Partner at Eurogroup Consulting, moderated a fireside chat on building seamless, smart and sustainable supply chains for the new global economy.
BUSINESS INSIDER
Damien Duhamel shared his perspective with Business Insider on the factors shaping innovation across Asia's leading cities, from human talent and technology to governance and global integration.
Our Publications
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Senior Living in Thailand
Thailand’s ageing transition is creating a real but selective senior living opportunity. The paper examines investable demand, scalable business models and the constraints still limiting market growth.
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Rising Tides in the East
Southeast Asia is emerging as a key advanced manufacturing hub. The white paper examines the capabilities, technologies and opportunities reshaping the region’s industrial landscape.
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Future Asean Sustainable Cities
Southeast Asia’s cities are transforming through rapid urbanisation and sustainability. It explores the trends shaping greener, more resilient and inclusive urban development.
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The New Asean Consumer
ASEAN’s consumer landscape is evolving with rising incomes, digitalisation and changing expectations. The report highlights the trends reshaping how businesses engage and grow across the region.
Case Studies
Supply Chain Optimization — Chemical Manufacturing
Vietnamese chemical manufacturer — workforce of over 500
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Challenge
The client faced inefficiencies in their supply chain, causing increased costs and delayed delivery times. Fragmented supplier relationships and lack of integrated systems further complicated their logistics operations. Maintaining production schedules became increasingly difficult.
Our Intervention
We conducted a detailed supply chain analysis, identifying key bottlenecks and areas for improvement. We introduced process optimization strategies and integrated existing systems with a new digital logistics platform. Supplier relationship management practices were also streamlined and enhanced.
Key Recommendations
We advised implementing a centralized logistics management system and strategic supplier contracts. Focus areas included digital tools integration and enhancing supplier collaboration for improved communication. Regular reviews of logistics performance metrics were also suggested.
Projected Business Impact
Cost reductions of 12% within the first six months were observed due to improved efficiency. Delivery times decreased by 15%, positively impacting customer satisfaction. Inventory turnover rates improved by 20%, enhancing overall production agility.
Operational Efficiency Enhancement — Specialty Chemicals
Mid-sized Vietnamese specialty chemicals producer
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Challenge
The client's operational processes were outdated, leading to low efficiency and high costs. Unscheduled downtimes and quality control issues hindered production capacity. There was a need to modernize their infrastructure to stay competitive in the market.
Our Intervention
We performed a comprehensive process audit to identify inefficiencies, proposing technology upgrades to modernize equipment. Lean manufacturing principles were introduced to streamline production processes. We also designed a robust quality assurance framework.
Key Recommendations
We recommended adopting advanced automation technologies and continuous training for operational staff. Upgrading production lines with state-of-the-art machinery was prioritized, alongside routine assessments to ensure adherence to new quality standards.
Projected Business Impact
Production efficiency improved by 25%, with operational costs reduced by 18% over the first year. Product quality defects decreased by 30%, resulting in higher client satisfaction and increased market share. Downtime was minimized significantly through preventive maintenance.
Market Expansion Strategy — Agrochemical Products
Vietnamese agrochemical company — 200 product lines
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Challenge
The company sought to expand its market presence but faced challenges due to local regulatory constraints and competition. Identifying new opportunities for product diversification was also necessary to boost revenues. Existing market segmentation strategies were underdeveloped.
Our Intervention
We conducted a market analysis to identify growth opportunities and competitive positioning. Tailored strategies were developed to address regulatory challenges and enhance market penetration. Product portfolio diversification plans were designed based on emerging trends and needs.
Key Recommendations
We suggested focusing on compliance with international standards to facilitate smoother market entry. Encouraging partnerships with local distributors to expand reach and adopting flexible pricing strategies for new segments were key recommendations. Regular assessment of competitive dynamics was advised.
Projected Business Impact
Market share increased by 10% within two years, with a 20% rise in revenues from diversified product lines. Over 15 new markets were penetrated through strategic partnerships. Regulatory compliance improved collaboration with key stakeholders, enhancing brand reputation.
Our Clients
Trusted by clients for long-term collaboration. Selected organizations our teams have supported globally and across Vietnam.
Frequently Asked Questions
What is included in a market study for chemicals in Vietnam? +
A market study for chemicals in Vietnam includes demand analysis, client segmentation, competitor benchmarking, and regulatory review. This approach helps businesses understand the local market landscape, assess potential demand, and identify key stakeholders and competitors to build effective market entry strategies.
Why conduct a feasibility study before entering Vietnam's chemical market? +
Conducting a feasibility study is crucial for understanding the viability of entering Vietnam's chemical market. It evaluates market size, potential barriers, local regulations, cost structures, and profitability forecasts. Such analysis aids in risk assessment and strategic decision-making, ensuring investments are both sound and sustainable.
How is market size assessed for Vietnam's chemical industry? +
Market size assessment for Vietnam's chemical industry involves analyzing production and consumption data, import-export figures, and market trends. This provides a comprehensive view of the current market capacity and future growth potential, enabling businesses to make informed decisions about entry and investment in the region.
What methods are used in a competitive analysis for chemicals in Vietnam? +
Competitive analysis in Vietnam's chemicals sector utilizes competitor benchmarking, market share analysis, and strategic group mapping. It examines the strengths and weaknesses of market players, product offerings, and pricing strategies to identify opportunities for differentiation and competitive positioning within the industry.
How is a regulatory review conducted for chemical businesses in Vietnam? +
A regulatory review for chemical businesses in Vietnam involves examining local compliance standards, environmental regulations, and safety requirements. It includes consultations with legal experts and industry authorities to ensure that business operations align with Vietnamese laws, minimizing the risk of legal complications.
CONTACT US
Speak to advisors that have experience in the Vietnam Chemicals market
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