Vietnam is one of the largest LPG markets in the region. According to statistics from PVGAS, current consumption stands at nearly 1.3 million tonnes per annum. Annual LPG consumption growth is also healthy at close to 10%.
Since the 90s, LPG has been growing at a rapid pace in the country with the forecast of consumption exceeding 2 million in the next 10 years.
Nevertheless, there remains significant challenges in the market to overcome for stable and sustainable growth to continue. In Oct 2017, the Ministry of Trade and Industry has asked relevant agencies and localities to strengthen management of LPG production and trading activities to ensure market stability.
Read more at http://vietnamnews.vn/economy/395125/moit-seeks-tighter-oversight-of-lpg-trading.html#ZMsrlgCR2mE2kp7j.99
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