Industry

This year’s hot season is expected to begin in the second half of April across many parts of Vietnam and last for two to three months, according to the National Centre for Hydro-Meteorological Forecasting. As a result, electricity consumption is projected to surge dramatically.

Son noted the Block 15-2 contract is a crucial step after the 2022 Law on Oil and Gas took effect, urging contractors to carry out their commitments to maximise the productivity of the block as well as enhance oil recovery rate – an important task to ensure energy security.

The Tra Vinh provincial People’s Committee has given the green light to the investment policy for five wind power projects, for an investment total of over 13.8 trillion VND.

As domestic and global demand for new ships continues to rise, Vietnam's shipbuilding industry has significant potential for growth.

The reactivation of nuclear power projects will help Vietnam diversify its energy supply sources, guarantee energy security, and achieve its economic growth target as well as its commitment to reaching net-zero emissions by 2050.

Vietnam’s steel sector is grappling with mounting challenges, including a rising volume of Chinese steel exports, domestic oversupply and global trade barriers, experts warn.

The 500 kV Lao Cai – Vinh Yen transmission line is a strategic national infrastructure project approved by the Government, with Vietnam Electricity (EVN) as the investor. The double-circuit transmission line will span 229.5 kilometers, with 468 tower foundations across the four northern provinces of Lao Cai, Yen Bai, Phu Tho, and Vinh Phuc. The total investment for the project is over 7.41 trillion VND (290.41 million USD).

A joint oil exploration and extraction project in Algeria, involving Vietnam’s Petrovietnam Exploration Production Corporation (PVEP), Algeria’s state-owned Sonatrach, and Thailand’s PTTEP, has entered its second phase, building on a track record of success.

Vietnam’s consistent policy is to foster a balanced, sustainable, stable, and win-win economic relationship with the US, the minister stated. Vietnam does not intend to create any barriers that could negatively impact the US’s workers or its economic and national security, Minister of Industry and Trade Nguyen Hong Dien said.

Vietnam's hydrogen strategy sets an ambitious goal of producing 100,000 to 500,000 tonnes of green hydrogen annually by 2030, with a long-term target of 10 to 20 million tonnes per year by 2050.

The eco-industrial park model is now being scaled up across multiple provinces with positive response from business community.

Binh Dinh province is focused on public investment, boosting domestic consumption, and increasing wood exports, aiming to reach 1.5 billion USD in wood exports in 2025.

(VEN) - The first wholly Vietnamese-owned semiconductor chip manufacturing project in the country can receive support of up to VND10 trillion.

The resolution stipulates several special mechanisms and policies for the development of the project, including the Ninh Thuan 1 and Ninh Thuan 2 nuclear power plants, and component projects, along with some others for the south-central province of Ninh Thuan to support the project implementation.

The Politburo established a framework for private participation with the issuance of Resolution 55-NQ/TW on February 2020, outlining Vietnam’s energy development strategy until 2030 with a vision to 2045.

The Vietnamese energy market is expected to be very dynamic, and Vietnam is keen to welcome foreign investors, including those from the RoK. The country also welcomes comprehensive strategic partners with rich experience and knowledge in nuclear power.

(VEN) - Since the beginning of 2025, businesses and localities have accelerated industrial production to achieve the growth target of 9-10 percent set by the industry and trade sector.

Manufacturers like Thaco, Hyundai Thanh Cong, and VinFast are making significant strides in global markets. Their success stories are reshaping the industry’s position while opening up new opportunities for development amidst fierce global competition.

In 2024, Hung Yen Province attracted a record of nearly 4 billion USD in domestic and foreign investment, significantly contributing to the province’s industrial development efforts. The province aims for economic growth targets of 8% or higher in 2025 and beyond.

Speaking at the 6th annual national forum on the development of Vietnamese digital technology enterprises last month, Party General Secretary To Lam stated that the total revenue from this industry in 2024 was estimated to reach 152 billion USD, an increase of 35.7% compared to 2019.

(VEN) - In contrast to previous years, when orders were short and companies were forced to cut labor, Vietnam’s textile and garment industry has been getting a second wind since the second half of 2024, when orders increased.

By 2030, about 40-50% of provinces and cities are expected to convert traditional industrial parks into eco-industrial parks, and 8-10% of localities will have plans to build new eco-industrial parks to plan and attract investment industries gradually.

According to Director of the GSO’s Industry and Construction Statistics Department Phi Thi Huong Nga, Vietnam could achieve breakthrough industrial growth in 2025 and beyond by leveraging its advantages and accelerating digital and green transformation as well as meeting the increasingly stringent requirements of the international market.

While China remains a significant supplier, recent trade data highlights Vietnam’s efforts to diversify supply to meet industry demands.

The second docking area of Thuan An Fishing Port has a minimum cargo handling capacity of 20,000 tonnes per year, and is capable of simultaneously accommodating 500 fishing vessels of at least six metres in length for docking and storm shelter.

For Vietnam, the successful development of its semiconductor industry and its ability to seize on opportunities rests on preparing a skilled workforce, a task entrusted to higher education institutions.

Work on two major automobile manufacturing and assembly plants with Chinese investments will start in northern Thai Binh province in the first half of 2025.

With a surge of large-scale investment projects spanning various sectors in Vietnam, ample opportunities are emerging for local support industries to carve a significant presence, and make breakthroughs to engage in the global supply chain.

With enhanced investment and Government’s support, the semiconductor industry has a pivotal role to play in the growth of Vietnam’s industrial real estate, according to a Savills Vietnam expert.

The Ministry of Industry and Trade has forecast that Vietnam's automobile market could grow by approximately 12% in 2025, with sales expected to reach 600,000 units.