Vietnam Lighting Sourcing And Vietnam’s LED Lighting Market Potential, Government Policies.
What is Decorative Lighting?
Decorative lighting is the fourth layer of interior illumination and, simply put, it is like jewelry for the home: it helps your space sparkle and shine. Accessorize your house and bring out its best features by adding decorative lighting fixtures.
Here are a few examples of decorative lighting. Note that sometimes, decorative fixtures can also serve other purposes, like task or accent lighting. That just makes decorative fixtures even more versatile.
Sconces: Available in a nearly endless variety of shapes, sizes, colors, styles, finishes and prices, wall sconces are great for adding a little sparkle to small areas of a room. They’re also often used in place of a vanity bar of lights in the bathroom. With sconces, there’s no limit to what you can light or how the lighting will look. Some sconces even look like miniature chandeliers (another form of decorative lighting).
Pendants: What if sconces had stems and could hang from the ceiling? That’s the basic idea behind pendants, which can be used for task lighting solutions but are often crafted with a decorative flair. Mini pendants are especially well-suited for decorative use since they can be made in so many different ways, from ultra-modern to natural, crystal to retro and everything in between. (Other types of pendants, including drum and bowl, are better suited for endeavors.) With mini pendants, the way the light looks is equally as important as what it does.
Chandeliers: Though these are often used as ambient lighting, chandeliers are generally pretty highly decorative as well. A cascade of crystals flowing from the ceiling is, after all, practically the definition of home jewelry. Smaller varieties of chandeliers, known as mini chandeliers or chandelettes, are also available to bring glitz to any size room. Chandeliers aren’t just for grand entryways or dining rooms anymore!
What are the 3 types of lighting?
There are three basic types of lighting you should layer in a room in order to accomplish this:
- Ambient or general lighting.
- Accent lighting.
- Task lighting.
Commercial and offices LED lighting market has great potential.
By the end of 2013, there were 724 supermarkets, 132 shops and hundreds of convenient stores in Vietnam, along with approximately 1 million vendors from 8,500 markets. Only 22% of the retailers are modern retailers, according to Vietnam Retailers Association. Compared to neighboring countries and regions, Vietnam’s retailing market has greater potential.
As planned by Ministry of Industry and Trade, Vietnam will accommodate 1,200 to 1,300 supermarkets, 180 commercial centers and 157 shopping malls by 2020.
In the first seven months of 2015, foreign investors invested in 47 provinces in Vietnam. Newly approved investment and capital increase in Ho Chi Minh City rose to US $2.42 billion, taking 27.5% of total registered capital. This also makes Ho Chi Minh City top the rankings of highest foreign capital invested cities. Bình Dương and Đồng Nai City placed second and third with US$1.1 billion and US$ 1 billion, reflecting 12.6% and 12.5% of national investment amount.
Currently, the occupancy rate in Ho Chi Minh City exceeded 95%. It’s projected that the city will complete construction of up to 500,000 square meters of office building within five years, providing and extra 160% office space. Meanwhile, lots of commercial and industrial districts are under construction in Ho Chi Minh City and its vicinity areas, including Dong Nai, Binh Duong and Ba Ria – Vung Tau.
Tourism gains popularity, entertainment and hotel market are booming.
Vietnam will surely need more luxury hotels to accommodate the increasing tourists from around the world. According to Vietnam’s tourism department, Honi will need more than 13,000 three to five stars hotel rooms to accommodate tourists, while Ho Chi Minh city requires approximately 7,000 rooms.
Aside for accommodation needs, Vietnam is also one of the most prospering cities in entertainment and media markets. It’s shown that the revenue of entertainment industry exceeded US$ 2.3 billion in 2013. There were more than 4,215 bars, 1,189 discos and 73 movie theaters in 2013. Thanks to the increasing spending power, high youth population and governmental support, more entertainment and recreational facilities will be built in the future.
The construction and increase of entertaining facilities is made explicit when examining details of Vietnam’s imported LED lighting products. In 2014, stage lights topped Vietnam’s China-imported luminaires at 87.7%. LED ceiling lights occupied the second place at 5.8% and LED down lights took third place at 3.5%. The high percentage of entertainment lighting imported also backed the development of entertainment in the past two years.
Government’s full support creates the perfect timing for LED manufacturers to enter the market.
In 2005, the Ministry of Industry and Trade (MOIT) approved national energy efficiency and conservation 2006-2015, which known as the Vietnam Energy Efficiency and Conservation Program (VNEEP). VNEEP aims at increasing energy efficiency and reducing energy consumption by implementing varied procedures.
Vietnam promised to reduce import tax after joining WTO in 2007. At the end of 2008, Vietnam made 1%-5% tariff discount toward ASEAN counties based on Common Effective Preferential Tariff (CEPT). By 2014, the tariff was reduced to an average of 13.4% and implement zero tariff toward general products by 2015.
The Vietnamese government rolled out a US$ 90 billion urban upgrading project, aiming at 70% of urbanization by 2020. The urban upgrade project will further stimulate Vietnam’s architectural lighting market, especially residential lighting, commercial lighting, hotel lighting, resort, entertainment and infrastructure lighting.
Contact Mr. Mike Johnson at mjohnson@vietnamsourcing.net to discuss your plans for a businesses in Vietnam.
