Vietnam market will usher in peak demand for valves

The Vietnamese water treatment industry has huge room for development. According to Saigon, the Vietnamese tap water infrastructure company, the use of tap water in Vietnamese cities and villages is only 60%. Therefore, the Vietnamese water treatment industry still has enormous potential. Manila Water, a water treatment company in the Philippines, took the opportunity to enter this lucrative market.

In the next few years, Vietnam will increase investment in the field of water treatment, greatly upgrade the water supply pipeline system, and reduce the loss of water during transportation. By then, the demand for water pipes, valves and electric motors will increase substantially. The Vietnamese tap water industry still needs a lot of investment. If investors want to make a profit in this field, they must have strong financial strength, modern technology, and solutions to the problem of water consumption in the transportation process.

Saigon Water signed a cooperation agreement with Manila Water Corporation in the Philippines with a value of up to 400 billion VND. Manila obtained a total of 18.37 million shares in Saigon Water. SaigonWater hopes to have more water treatment technology and experience after implementing this cooperation.

With the development of economy, Vietnam's flexible cast iron drainage pipe industry has achieved rapid growth, and the consumption of flexible cast iron drainage pipes has reached record highs. However, Vietnam's flexible cast iron drainage pipe industry is still lagging behind in the development of flexible cast iron drainage pipes in Southeast Asia and the world. The main reason is that the steel billet production capacity is insufficient, resulting in the reliance on imported billets for rolling mills and downstream production companies, but Vietnam is Southeast Asia. Countries with great potential for development.

Vietnam's flat steel imports account for more than two-thirds of the country's total demand. China, Ukraine, Russia, and Other Southeast Asian countries are the main suppliers, but long products manufacturers can basically meet the needs of the domestic market. Vietnam will vigorously develop the water treatment industry. By then, the Vietnam market will usher in peak demand for water pipes, valves, and motors.