ASEAN accelerates urban development investment or will become a new base for China's LED strategy
The draft National Urban Development Plan 2011-2020 drafted by the Ministry of Construction of Vietnam has been completed. It is estimated that the total investment of urban development in Vietnam will be 1098 trillion rupiah (about 50 billion U.S. dollars) in 2011-2020. By 2015, the national urbanization level will be Up to 38%.
According to the plan, the amount of investment in urban development in 2011-2015 includes 20 billion U.S. dollars in new facilities investment, 3 billion U.S. dollars in urban renewal investment, and 27 billion U.S. dollars in 2016-2020, including 24 billion U.S. dollars in new facilities and 3 billion U.S. Dollar. This means that LED lighting has great potential for expansion in the ASEAN market, and it may become a new strategic base for Chinese LED companies in the future.
For emerging markets in China and Southeast Asia, while it is the first to usher in economic recovery and development, infrastructure construction will greatly promote the development of its market lighting industry. With the development of the economy, the urbanization process of China and Southeast Asian countries will undoubtedly be greatly accelerated. LED lighting obviously occupies an extremely important position in the process of urbanization. The demand for LEDs for commercial lighting and urban street lamps will be greatly increased. growth of.
With a population of 576 million and a gross domestic product (GDP) of 150.6 billion US dollars, ASEAN is the third largest regional organization in the world after North America and the European Union. It has a unique zero-tariff policy in China-ASEAN Free Trade Area. The advantages. Therefore, ASEAN is bound to become a new stronghold for Chinese LED companies.
According to the plan, the amount of investment in urban development in 2011-2015 includes 20 billion U.S. dollars in new facilities investment, 3 billion U.S. dollars in urban renewal investment, and 27 billion U.S. dollars in 2016-2020, including 24 billion U.S. dollars in new facilities and 3 billion U.S. Dollar. This means that LED lighting has great potential for expansion in the ASEAN market, and it may become a new strategic base for Chinese LED companies in the future.
For emerging markets in China and Southeast Asia, while it is the first to usher in economic recovery and development, infrastructure construction will greatly promote the development of its market lighting industry. With the development of the economy, the urbanization process of China and Southeast Asian countries will undoubtedly be greatly accelerated. LED lighting obviously occupies an extremely important position in the process of urbanization. The demand for LEDs for commercial lighting and urban street lamps will be greatly increased. growth of.
With a population of 576 million and a gross domestic product (GDP) of 150.6 billion US dollars, ASEAN is the third largest regional organization in the world after North America and the European Union. It has a unique zero-tariff policy in China-ASEAN Free Trade Area. The advantages. Therefore, ASEAN is bound to become a new stronghold for Chinese LED companies.
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