According to a report of the Ministry of Construction, in the first half of 2020, Vietnam's rate of urbanization increased by 0.5% year-on-year.

Vietnam’s installed capacity is set to increase to about 70 gigawatts (GW) by end-2022 (2019: 55GW), led mainly by private players and other government-owned entities.

With rapid urbanization and growing population, Hanoi is under pressure to address social issues, especially those related to environment and traffic, said the Hanoi Party chief.

In the context of aggressive urbanization in Hanoi and increasing greenhouse effect, lakes surrounded by trees are like green "lungs" in the capital city.

Rapid urbanization and rising middle class are among the biggest drivers for the growth of Vietnam's logistics sector.