In more than 30 years, Vietnam has succeeded in becoming one of the most successful economies in the world. Global investors are currently paying attention to this booming country. During this period of transformation, the government has transformed the country into one of the fastest economies in the world through economic reforms. Vietnam’s economic growth is the result of a significant development of the construction sector.
The construction industry in Vietnam has become a remarkable development by growing of 8,5% per year over the last 10 years. This high growth rate will continue to evolve as a result of the government’s efforts to improve the quality of infrastructure. The aim is to attract investment in infrastructure construction, tourism infrastructure and housing projects across the country. In 2020 and 2021, the real Vietnam’s GDP is projected to succeed 6,5%.
The construction market is divided in different sectors: commercial construction, residential construction and industrial construction.
With knowledge and understanding, Vietnam uses important investments in infrastructure. That’s why, as result of government planning, Vietnam is emerging like the fourth fastest construction growth rate in East Asia with house projects which are going to be built to reach a million affordable houses and with the development of industrial parks to reach more than 350 industrials zones in 2020.
Consequently, following the construction market, the LED lighting market advanced 20,6% in 2019 to reach an annual growth of 420 million USD, mainly driven by foreign direct investment.
Therefore, the smart lighting system is feeling the positive impact of the domestic demand in lighting solutions. This intelligent control system is currently emerging to be used indoor building construction. The Vietnam smart lighting market reached about 18 million USD in 2017 and is expected to exceed 60 million USD in 2020.
With a raise of the demand for lighting, LED lighting is a great opportunity in Vietnam according to increasing construction activities.
Therefore, at Kelvin & Lux they made the choice to launch his own supplier brand of lighting to seize the opportunity of this market in booming. Kelvin & Lux, a multi-brand lighting supplier based in Vietnam in the economic city of Ho chi Minh is focusing on conventional and smart lighting for the commercial, hospitality, office, industrial and residential sectors.
Kelvin & Lux is a foreign company specializing in proving LED lighting for professional indoor and outdoor lighting applications. The solutions always meet needs of clients in terms of economic efficiency and environment as well as aesthetic value.
What is LED lighting? LED stands for Light Emitting Diode. An LED is an electronic semi-conductor that efficiently emits light.
At Kelvin & Lux, they strive to improve people’s lives with lighting. They enjoy learning about new ways to use light and ensure a sustainable future. They are confident about the quality of products and they always do their best to show to their customers that they can rely on them for their projects. They ensure to customers receive the best possible service and support across product, customer service and key account management.
They are the partner you can trust when it comes to lighting for innovative and sustainable lighting solutions in South East Asia.