Vietnam plans to develop a modern seaport system in the near future, but the question remains on how to optimise the facilities.

The plastics industry is likely to reduce imports of raw materials in the coming years due to increased domestic production, according to the Vietnam Plastics Association.

Việt Nam's retail market has a scale of more than US$142 billion, 16 per cent of which comes from e-commerce. This scale is forecast to increase to $350 billion, or nearly 2.5 times higher, by 2025.

Việt Nam is the world's 6th largest fibre exporter and the world's 3rd largest exporter of textiles and garments - just behind China and Bangladesh.

Christopher Jeffery, Chairman of the BritCham Vietnam, shares insights on the specific challenges and opportunities faced by British businesses in Việt Nam.

According to the Ministry of Agriculture and Rural Development, the total export turnover of agriculture, forestry and fisheries of the whole country was estimated at 38.48 billion USD, in the first nine months of 2023, down 5.1% compared to the same period in 2022. The agricultural sector still maintains its target of a total export turnover of 54 billion USD, for the whole year 2023.

CPTPP has really created a great driving force for Việt Nam's export growth in recent years, while also bringing prestige and great economic efficiency to the country.

Major world semiconductor manufacturers are suffering from tightened US chip export controls on China, and industry observers said that Washington's intensified moves have seriously disrupted the global industry and supply chains, and the suppression will eventually backfire on major industry players in the US and the EU.

As one of Vietnam's two main seafood export markets, the Chinese market is showing many good signs, opening up opportunities for seafood to increase market share.

Việt Nam is aiming to gradually limit the use of natural sand and strengthen the development of artificial sand products to meet demand until 2030, following the construction materials development strategy from now to 2030 with a vision to 2050.