The Chemicals Manufacturing Value Added in Viet Nam has shown a fluctuating trend over the years, with a notable decrease from a peak in 2013. Between 2013 and 2023, the value dropped from 6.05 to 4.2, highlighting a persistent downward trend. The year-on-year percentage variations reflect significant volatility, including a pronounced decline in 2014 and a minor recovery in the late 2010s, followed by stabilization between 2020 and 2022.
In 2023, the value stood at 4.2 units, marking a 2.27% decrease from the previous year. Over the last five years, the compound annual growth rate (CAGR) was -0.35%, underscoring a gradual decline. The forecast indicates a continued decline, with the value expected to reach 3.72 units by 2028, representing a forecasted CAGR of -1.94% and an overall decrease of 9.33% over the next five years.
Future trends to watch for include potential impacts of economic policies, technological advancements, and shifts in global supply chains. Monitoring trade relations, environmental regulations, and domestic industrial strategies will be essential to understanding future movements in Viet Nam’s chemicals manufacturing sector.
