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Vietnam Energy Forum

Vietnam's energy sector has not yet ascended to the summit

 - Establishing a presence on the international market may emerge as the "new normal" for the energy sector in Vietnam.

Stavian Chemical participated in a successful exhibition at the Vibrant Gujarat Global Summit 2024, which took place in India from January 10th to the 12th. "We have effectively developed and promoted petrochemical products in addition to establishing a global customer network," Vu Thuy Linh, director of communications for Stavian Group, told Vietnam Energy on January 22, 2024.

Stavian, an ICIS 2021 Ranking - ranked distributor of petrochemical products in the top six APAC, is progressively implementing a strategy to concentrate on exporting chemical and petrochemical products to the international market.

Vietnam's energy sector has not yet ascended to the summit

International customers visit Stavian Group's booth at Vibrant Gujarat 1.

Vibrant Gujarat Global Summit in Gandhinagar, Gujarat State, India, organized by the Federation of Indian Export Organizations (FIEO), took place from January 10 - 12, 2024. Accompanying the Global Submit, Stavian Group brought many chemical & petrochemical products and international standard services. Deputy Prime Minister Tran Luu Quang also visited the exhibition booth of the Stavian Group at the event.

Vibrant Gujarat Global Summit is one of the most reputed global forums for business networking, knowledge sharing, and strategic partnerships for inclusive growth and sustainable development. This “Tenth Edition” of Vibrant Gujarat will celebrate “20 Years of Vibrant Gujarat as the Summit of Success”, attracting more than 45,000 businesses worldwide and more than 1,000 exhibition booths. As a country partner, Vietnam also has many companies participating. Since establishing diplomatic relations in 1972 and upgrading to a Comprehensive Strategic Partnership in 2016, Vietnam and India have gained many outstanding achievements and strengthened trust through close cooperation between senior leaders. Attending this event, Deputy Prime Minister Tran Luu Quang spent time visiting the exhibition booths of Vietnamese businesses and discussing business activities with representatives of Stavian Group.

Vietnam's energy sector has not yet ascended to the summit

Deputy Prime Minister Tran Luu Quang visits the exhibition booth of Stavian.

Accompanying the Vibrant Gujarat Global Summit, Stavian Group brought international standard products and services to the exhibition, successfully introduced and promoted products, and approached many new cooperation opportunities in the future with leading companies in India and the region. Also, representatives of Stavian Group shared the desire to cooperate with Indian businesses in the Focus Country Vietnam program to have the opportunity to learn the latest cutting-edge technologies and exchange global ideas.

Established in 2009, Stavian Group is currently a large-scale multinational trading–investment–industrial corporation with many fields of operation such as chemical and petrochemical, pulp & paper, high-tech materials, recycling & circular economy, industrial metals, industrial park, logistics, and venture capital. Stavian Group has headquarters in Vietnam, branches and warehouse systems in nearly 30 countries globally, and a customer network in more than 100 countries and territories. Stavian Group is one of the businesses actively interested in investing and developing sustainable businesses according to ESG standards.

Stavian Group always focuses on promoting community activities, enhancing social responsibility, and attractive human resource policies that play a massive role in economic development. In addition, Stavian Group is also one of the enterprises in Vietnam pioneering in implementing the circular economy model, aiming for sustainable development when continuously implementing large projects such as the Stavian Quang Yen Petrochemical Plan or Stavian Recycled Plastic Plant, which aims to promote and develop a circular ecosystem of plastic waste in Vietnam. In the future, with measures to encourage research and support from the Vietnamese Government and the Indian Government, Stavian Group will continue to grow in reducing carbon emissions and improving energy efficiency quality, clean production, and a circular economy.

From the present time until 2030, the Ministry of Industry and Trade projects that the total mechanical market demand in Vietnam could surpass $300 billion. At present, however, the mechanical engineering sector in Vietnam satisfies less than one-third of the country's mechanical product demand.

The Vietnam Association of Mechanical Industry has projected that the machinery and equipment market in Vietnam will surpass $300 billion by 2030. Machinery and equipment used in industrial sectors, including hydropower, thermal power, mining, and mineral processing, have an estimated value of $120 billion.

By Nguyen Hoang

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