Industry Snapshot

WOOD PELLET INDUSTRY IN VIETNAM

Given the rising demand for wood pallets driven by the ongoing trend of green production and consumption, Vietnam has become one of the leading wood pellet exporting countries. Together with the government's institutional support to ensure a sustainable wood pellet industry and the country's extensive integration in the region and many countries around the world through 15 effective Free Trade Agreements, it is expected that Vietnam will grow into a wood pellet manufacturing powerhouse in the forthcoming period offering excellent business opportunities for foreign companies in both trading and investment.

FOOD & BEVERAGE INDUSTRY IN VIETNAM

As food & beverage being the fundamental necessities of life, annual average F&B consumption in Vietnam accounts for about 15% of the country’s Gross Domestic Product. While the consumption grows steadily throughout the years, F&B industry landscape in Vietnam has transformed thoroughly as a result of the change in consumer behavior after experiencing many difficulties during COVID-19 pandemic.

ALUMINUM IN VIETNAM

Vietnam has a substantial amount of bauxite reserve of 5,800 million tons which is ranked 2nd in the world. However, bauxite mine production of the country in 2021 was shy of 3.5 million tons, which is a small fraction compared to mine production of other large bauxite-reserve countries in the same year such as Australia with 110 million tons, China with 86 million tons, Guinea with 85 million tons, Brazil with 22 million tons, and Indonesia with 8 million tons.

INDUSTRIAL REAL ESTATE IN VIETNAM

A series of industrial park and warehouse projects has been started in many provinces as demand for industrial land and warehouse have been recovered steadily with an increase of 10% and 7% year-over-year, respectively.

HEALTHCARE IN VIETNAM

Demand in healthcare sector in Vietnam has been fueled by the economic and demographic transformation over the past decade. A fast-growing middle class and an aging population are the main drivers signifying a promising and exciting perspective for healthcare industry in Vietnam. Accordingly, the country’s healthcare spending is expected to reach USD23 billion in 2022, which is sharply increased from USD17 billion in 2019, also given the impact of COVID-19 towards the growing need for healthcare investment in Vietnam.

FINTECH DEVELOPMENT SITUATION AND PROSPECTS IN VIETNAM

In the past year, the covid pandemic and new strains have caused the country's economic sector to become severely depressed. However, with the Fintech industry, it makes a different case.

It seems that the emergence of the pandemic as an invisible stepping stone to lift this industry to new heights. Specifically, in Vietnam, there have been many amazing changes based on the 2021 report.

COP 26 AND THE IMPACTS ON VIETNAM’S ENERGY SECTOR

After a one-year delay due to the COVID-19 pandemic, the 26th United Nations Climate Change Conference of the Parties (COP26) commenced on 31 October to 12 November 2021 with the hope to secure global commitments in mitigation, adaptation, and finance.

Prime Minister Pham Minh Chinh led the Vietnamese delegation to the COP26, taking place in Glasgow, Scotland, the United Kingdom, under the co-presidency of the United Kingdom and Italy. As one of countries hit hardest by climate change, Viet Nam has not only scaled up commitments but also taken concrete actions to go green.

LOGISTICS IN VIETNAM

Being designed as a core industry, Logistics has grown substantially to drive the socioeconomic scene forward, making Vietnam a desirable destination for investors in recent years. According to Agility Emerging Markets Logistics Index 2021, Vietnam is ranked 8th overall and 4th in International Logistics Opportunities. 

INDUSTRIAL REAL ESTATE OF VIETNAM

Vietnam's industrial real estate has been emerging as a bright investment field of the investment market in Vietnam amid the Covid-19 pandemic. Most economic sectors are more or less affected by the world pandemic; however, combined with the heat from the US-China trade war, businesses operating from China tend to move factories to Southeast Asian countries to avoid injuries from this war. Meanwhile, Vietnam's industrial real estate is being evaluated as the brightest investment destination in Southeast Asia.

RENEWABLE ENERGY IN VIETNAM

In recent years, the Vietnam Government has completely changed its attitudes towards renewable energy when the Government set up higher as well as more specific targets on the energy resources. Developing renewable energy quickly solves the problems of energy shortage and protects the environment, cuts greenhouse gas emissions; however, in particular, what ratio is reasonable for renewable energy?

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