With reforms to further facilitate foreign investment now underway and with the ratification of the CPTPP, inbound investment in particular is expected to accelerate through 2019-2021.

Vietnam’s beer production output would be roughly 4.1 billion liters by 2020. The number will rise to 4.6 billion liters by 2025 and 5.5 billion liters by 2035.

The government has so far also planned to cut costs for businesses to make the country’s investment environment more attractive.

The Ministry of Industry and Trade (MoIT) is scrutinizing a plan to exempt special consumption tax on locally produced auto parts in a move to promote domestic auto manufacturing and build up a supply chain for the industry.

The signing of the EU-Vietnam Free Trade Agreement (EVFTA) will create a big step in Vietnam’s government procurement field as foreign investors will be allowed to take part in the market for the first time.