[Emerging Markets] Vietnam

Vietnam is often cited as one of the emerging market rising stars offering industries robust economic growth and favourable demographics. The country is now famous for having the second fastest growing economy in Asia, trailing only China, with stable GDP growth rate of 8-9%. Global float and container glass manufacturers are positioning themselves to take advantage of the country's high growth opportunities. While there is certainly good growth, the domestic float glass industry today, however, is currently characterised by a severe state of oversupply. The domestic container glass sector, on the other hand, is faring better.