According to a recent article in ICIS Chemical Business, Vietnam's economic growth and domestic demand is attracting major petrochemical investments. From ICIS Chemical Business:"With base resin demand nearing 2m tonnes/year, Vietnam is attracting investments from major petrochemical players such as Siam Cement Group (SGC) of Thailand as well as Mitsui and Idemitsu Kosan from Japan."
The article further states that if all planned petrochemical related projects are completed, Vietnam will become one of the major petrochemical players in Southeast Asia, surpassing Indonesia and the Philippines in terms of olefin capacity.