The National Power System and Market Operation Company (NSMO) forecasts that nationwide peak demand could approach 100,000-110,000 MW by 2030, almost double current levels.
By 2040, Việt Nam aims to develop greater capabilities in research, design and manufacturing while mastering technologies for ed high-quality products, including organic basic chemicals, specialised coatings and advanced batteries.
Việt Nam is optimistic about achieving around US$9 billion in exports in 2026, supported by higher production, growing investments in value-added processing, and the advantages from complying with the European Union Deforestation Regulation.
The materials industry forms the foundation of industrial development and is critical to strengthening strategic autonomy, national competitiveness and the ability to master core technologies.
Việt Nam moved into second place with 7.3 million seats, up 10 per cent from a year earlier, the fastest growth rate among the Southeast Asian aviation markets analysed by OAG.
Once operational in June 2029, it is projected to supply an average of approximately 3.9 billion kWh of electricity annually to the northern and national power grids, helping to meet rising load demands and enhance power supply capacity.
Experts argued that stronger local demand could reduce the sector''s dependence on overseas markets and improve its resilience to global economic shocks
Durian exports reached nearly US$1.1 billion in the first six months of this year, up 32 per cent year-on-year. The industry''s strongest export season, however, is still ahead.
The Government is drafting a national strategy for the materials industry through 2030, seeking to shift the country''s competitive advantage from abundant natural resources to technological capability and high-value manufacturing.
A widening corruption investigation has exposed weaknesses in Việt Nam''s growing area code system, prompting tighter oversight as the country seeks to safeguard its billion-dollar durian exports.
The imperative for Việt Nam is not only about expanding terminals or runways, but also about building airports that are innovative, adaptable, and capable of supporting the country''s economic aspirations for decades to come, experts said.
The first aluminium ingots were officially unveiled on July 26 at the Đắk Nông Aluminium Electrolysis Plant in Nhân Cơ Industrial Park, Lâm Đồng Province.
The target of $25 billion could be beyond reach if the industry continues to rely on short-term sources and imported raw materials, said Bùi Trung Nghĩa, deputy chairman of the Vietnam Chamber of Commerce and Industry (VCCI).
Argentina''s Cordillera Brewing is seeking Vietnamese suppliers of products such as cashew nuts, black pepper, cinnamon, star anise, spices, natural rubber, rattan and bamboo products, handicrafts, and a range of processed food products.
