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PM approves construction of three IPs 12:23 | 25/02/2021
PM approves construction of three IPs
Hanoi - Prime Minister Nguyen Xuan Phuc has approved projects on the construction and infrastructure development of three industrial parks (IPs).
One of them is the Co Chien IP in Dai Phuoc commune in Cang Long district of the Mekong Delta province of Tra Vinh.
The IP, covering nearly 200 ha, will be built at a cost of 748.98 billion VND (nearly 32.47 million USD), of which 112.35 billion VND comes from the investor.
Another is the 300-ha Tan Duc IP in Ham Tan district of the southern coastal province of Binh Thuan, invested by Sonadezi Binh Thuan JSC with an investment worth 1.2 trillion VND.
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The protective coatings market by revenue is expected to grow at a CAGR of approx. 6% during the period 2021-2026.
The global protective coatings market is expected to grow over 1.4X times in terms of revenue during the forecast period. In 2020, the market witnessed reasonable growth, with over 41% of the share contributed by the APAC market, especially India, China, and Japan. The growth of protective coatings in the European region has been boosted by the development in oil and gas segments and investments in various infrastructure projects during 2015-2019.
The growth of protective coatings in the European market declined in 2020 due to the outbreak of the COVID-19, which resulted in the abrupt downturn in the European construction market. The market has been highly affected by the COVID-19 outbreak due to variations in the construction business and raw material prices, production of raw material, and