Current landscape

Energy demand in the Vietnamese industry sector is surging, projected to rise 12–13% in 2025. Renewable energy already makes up 27% of installed capacity (2023), led by solar and wind, though grid limitations pose challenges⁸.

Renewable energy & green infrastructure: A new direction promising Vietnam’s future development

원천: hdll.vn

Development outlook

베트남 정부는 증가하는 수요를 충족하고 재생 에너지원을 효과적으로 통합하기 위해 국가 전력망의 현대화와 확장에 투자하고 있습니다.

– 2030년까지 태양광 30.4GW, 해상풍력 6GW 목표⁹.

– 급속한 도시화와 산업 성장으로 인해 재생 에너지 수요가 증가하고 있습니다.

정부 정책

– 법령 80/2024/NĐ-CP는 직접 전력 구매 계약(DPPA)을 가능하게 하여 에너지 다각화를 지원하고, 화석 연료 의존도를 줄이며, 에너지 안보를 강화합니다. 이는 베트남의 전력 부문 독점 완화 노력을 반영합니다.

– 특히 재생 에너지 부문에 대한 보조금을 장려함으로써 FIT(Feed-in-Tariff) 개정을 통해 베트남에서 여전히 거의 활용되지 않은 풍력, 태양광 및 바이오매스 프로젝트에 대한 장기 투자자 신뢰 강화

Key investment cases

– 2021년 말, Adani Group(인도)은 베트남에서 두 개의 재생 에너지 프로젝트에 투자했습니다. 여기에는 Ninh Thuan 성, Thuan Nam 군, Phuoc Minh 사에 위치한 Adani Phuoc Minh Wind Power Co., Ltd.가 운영하는 27.3MW 용량의 풍력 발전 프로젝트와 Ninh Thuan에 위치한 50MW 용량의 태양광 발전 프로젝트가 포함됩니다.

– PNE AG(독일)는 2019년 베트남에서 1조 4천억 원 규모의 해상풍력 발전 프로젝트를 제안했습니다. 6년간의 개발 끝에 이 프로젝트는 최근 긍정적인 진전을 보였습니다.

– 2025년 3월 5일, 베트남 주재 일본 대사 이토 나오키는 일본 국제협력은행(JBIC)과 일본 기업이 베트남에서 풍력발전소를 포함한 14개 프로젝트에 공동 투자할 것이며 총 자본금은 최대 200억 달러에 이를 것이라고 확인했습니다.

Current landscape

Vietnam’s healthcare spending rose from USD 16.1 billion (2017) 에게 USD 22 billion (2022), equal to about 6.5% of GDP¹⁰. Besides, statistics from the Ministry of Health show that, over the past decade, Vietnam’s per capita healthcare spending has grown by an average of 11% annually. The average number of hospital visits per person per year increased from 1.89 visits in 2010 to 2.95 visits in 2020. However, this figure remains significantly lower than in other countries in the region, such as Thailand (3.5 visits/year) and China (4.9 visits/year). Therefore, there remains substantial room for growth in healthcare services in the coming years.

원천: 스타티스타

Development outlook

– 의료기기 시장 2026년까지 1조4천억2100억 달러 규모로 성장 전망¹¹.

– 2020년 보건부는 30개 이상의 주요 병원에 연결된 1,000개의 원격 진료 사이트를 시작하여 복잡한 사례의 상담 및 치료를 지원했습니다.

정부 정책

2024년 의료 검사 및 치료에 관한 법률은 FDI 절차를 간소화합니다.

– 외국 투자자가 국립 병원과 협력할 필요가 없습니다.

– 100% 외국 소유의 병원과 진료소는 허용됩니다.

– 세금 감면, 수입 관세 면제, 더 빠른 허가 절차.

Key investment cases

– Thomson Medical이 FV 병원을 $3억8천1백만 달러에 인수했습니다.

– 후지필름 베트남은 공공 병원과 협력하여 AI 지원 진단 시스템을 출시했습니다.

– Siemens Healthier, GE Healthcare, Medtronic은 계속해서 사업 영역을 확장하고 있습니다.

Current landscape

Vietnam’s semiconductor industry has become a focal point of the Vietnam industry sector, serving as a vital hub for assembly, testing, and packaging for multinational corporations such as Intel, Samsung, and Foxconn. This positioning underscores Vietnam’s growing importance in the global downstream semiconductor supply chain. According to recent Vietnam industry reports,+ the market is experiencing substantial growth. Industry revenue is projected to reach $21 billion in 2025, an 18% increase from 2024¹⁴. Integrated circuits represent more than 80% of this market, fueled by their extensive application in consumer electronics, automotive, and healthcare industries.

Development outlook

Statista projects Vietnam’s semiconductor revenue will grow at a CAGR of ~10% from 2025 to 2029, reaching about $31 billion by 2029, with integrated circuits continuing to account for the bulk of this value. Meanwhile, investments are expected to shift Vietnam up the value chain through significant projects:

– Hana Micron (Korea) is investing $930 million in semiconductor manufacturing in Bac Giang by 2026.

– Signetics (Korea) is building a new flip-chip and IC packaging factory ($100 million) set for 2025.

– High-level talks between Vietnam and Japan are fostering cooperation in semiconductors, with a focus on workforce training and Japanese investment.

The Vietnam–Japan Semiconductor Partnership Program held in February outlined multiple areas for technological collaboration

원천: Ministry of Planning and Investment (former)

The next decade could see Vietnam not only expanding production capacity but also developing design centers, wafer fabs, and a skilled talent pool, enabling the Vietnam industry sector to capture more domestic value.

Government incentives

Decision 1018/QĐ-TTg (2024) sets the official strategy for semiconductor development, covering human capital, infrastructure, and investment conditions. One landmark policy is Decree 182/2024/NĐ-CP, which offers generous funding support for high-tech and semiconductor projects. Under this program, the government offers to co-fund up to:

– 50% of human resource development costs (e.g. training engineers)

– 30% of R&D expenditures

– 10% of investment in fixed assets

– and 3% of production costs for eligible semiconductor enterprises

Additionally, the state can support up to 25% of spending on social infrastructure (e.g. specialized facilities) for these projects.

Key investment case

Major global players like Amkor Technology and Hana Micron are significantly expanding their operations in Vietnam. Amkor is investing $1.6 billion in a new state-of-the-art advanced packaging plant, while Hana Micron has announced plans to invest approximately $930 million by 2026 to significantly enhance its chip packaging and testing facilities within the country.

출처 : B&Company의 종합

Current landscape

Vietnam’s automotive market is undergoing a profound transition within the broader Vietnam industry sector. Conventional combustion vehicles remain dominant, yet the adoption of electric vehicles (EVs) and hybrids is accelerating sharply. In 2023, EV sales hit 15,700 units (6% of total auto sales) ¹⁷, a remarkable shift from near-zero levels just a few years earlier. Driving this change, VinFast pivoted entirely to EVs, while global brands like Kia, Hyundai, Audi, and Lexus also introduced new electric models.

Hybrid vehicles are also gaining ground. In 2024, sales surged by over 200% to about 10,000 units, with Japanese automakers leading the way. Toyota, with nearly 49% of the hybrid market, dominates thanks to consumer demand for fuel efficiency and reliability.

Development outlook

The outlook is highly dynamic. Vietnam has pledged net-zero carbon emissions by 2050, reinforcing aggressive electrification policies. Industry forecasts expect the EV market to nearly double from $3 billion in 2025 to $7 billion by 2030, with a CAGR of ~18%¹⁸. Foreign automakers are scaling their presence: BYD (China) established 13 dealerships in 2024 and plans 100 by 2026. This opens broad opportunities across the Vietnam industry sector, not only in vehicle production but also in related fields like battery manufacturing, recycling, charging networks, and smart grid technologies.

Government incentives

The government offers a robust package of incentives to promote EV production and adoption:

– Special Consumption Tax (SCT): A reduced rate of 1–3% is applied to EVs until February 2027.

– Registration Fees: A full waiver is in effect for EVs until February 2025, followed by a 50% discount for the subsequent two years.

– Import Duty Exemptions: Machinery, equipment, and components for EV manufacturing are exempt from import duties.

– Green Transport Strategy: This national strategy provides a formal roadmap for achieving 100% vehicle electrification by 2050. (Note: Hybrid vehicles do not currently benefit from the same dedicated tax incentives as battery electric vehicles.)

Key investment case

VinFast’s international expansion illustrates the sector’s global ambition, including a $500 million EV plant in India. Foreign players are also showing strong confidence: BYD and Mitsubishi are exploring local production, while component suppliers like Bosch and Samsung SDI target the EV supply chain.

출처 : B&Company의 종합

Current landscape

Logistics is a critical pillar of the Vietnam industry sector, underpinning the country’s export-driven economy. The sector counts over 34,000 enterprises providing transportation, warehousing, freight forwarding, and related services. It has grown at 14–16% annually, with revenues estimated at $40–42 billion per year, or about 4.5% of GDP²¹. Road transport remains dominant, supported by growing sea and air freight. Value-added services—cold storage, fulfillment, and express delivery—are increasingly important, driven by booming e-commerce and modern retail.

Development outlook

As Vietnam strengthens its position as a regional manufacturing hub, logistics demand will rise sharply. The industry is projected to sustain double-digit growth and could reach $80–100 billion within 5–7 years. FDI is flowing in, especially from Japan, South Korea, and Singapore. Key trends shaping the sector include:

– Modern warehouses: Large-scale, automated facilities supporting e-commerce and industrial clients.

– Cold chain logistics: Expanded refrigerated transport and storage for seafood, fruit, pharmaceuticals, and vaccines.

– Smart logistics solutions: Adoption of automation, AI, and IoT in warehouses and transport networks.

Government incentives

Vietnam’s Logistics Strategy 2025–2035 (Vision 2050) outlines a clear plan for sector modernization. Key government initiatives include:

– Long-term vision: To develop Vietnam into a regional logistics hub, including the development of free trade zones.

– Foreign participation: Encouragement of joint ventures to attract FDI, facilitate technology transfer, and enhance competitiveness.

– Infrastructure investment: Public spending on expressways, ports, and airports; PPPs encouraged: new expressways (e.g. the North–South Expressway), deepening major seaports (Lach Huyen, Cai Mep-Thi Vai), and new airports (Long Thanh International).

– Workforce development: Logistics training programs with Japan and Singapore partnerships.

– Regulatory improvements: National Single Window for customs, digital port systems to cut bureaucracy.

The key project to upgrade the Cái Mép–Thị Vải international port to the deepest channel in Vietnam was completed in 2024

원천: 베트남 화보

Key investment case

Prominent international logistics companies, including Sumitomo, Lineage, DHL, and JD Property, are actively establishing modern warehousing and distribution centers in Vietnam. These investments reflect the growing demand for efficient, high-quality logistics solutions in the region.

출처 : B&Company의 종합