Vietnam is top of the list of potential and attractive locations for investment in Asia. Vietnam joined the World Trade Organization in January 2007 following more than a decade-long negotiation process. Vietnam became an official negotiating partner in the developing Trans-Pacific Partnership trade agreement in 2010.

Agriculture's share of economic output has continued to shrink from about 25% in 2000 to about 22% in 2011, while industry's share increased from 36% to 40% in the same period. GDP has grown at an average of 8%/year in the past five years and is projected to exceed that figure this year.

With this fast economic growth, Vietnam has been targeted for investment in every sector by major foreign companies. There have been about 13.544 licensed foreign investment projects in Vietnam from 1988 to the end of 2010 with total registered capital of US$ 213 billion, implemented capital of US$ 77.95 billion. Increasing foreign investment boosts domestic consumption for all products, resulting in higher demand for petrochemical products.

The Vietnam International Chemical Industry Exhibition was successfully held since 2004 for more than 18 years, sponsored by Vietnam Chemical Corporation, VietFair and CCPIT (China Council for the Promotion of International Trade) Sub-Council of Chemical Industry. After eighteen years of development, it has become the brand of Vietnam Chemical Industry Exhibition, and only chemical professional exhibition in Vietnam. Not only promoting the export of other countries’ enterprises but also driving the development of the chemical enterprise of Vietnam, the exhibition promotes the exchanges in the field of Vietnam and other countries related, promote chemical industry trade cooperation.

The Vietnam international chemical industry exhibition had been held on 15-17 Nov, 2023 in SECC Ho Chi Minh City. Vietnam's deputy minister of industry, deputy director of the Vietnam plant protection bureau, vice-chairman of Vietnam coating and ink association attended exhibition opening ceremony.

The opening ceremony was well welcomed by visitors and exhibitors. Deputy Minister of Vietnam Ministry of Industry, Deputy Director of Vietnam Plant Protection Bureau and Deputy Chairman of Vietnam Coating & Ink Association all presented and gave speech on the opening ceremony.

The 18th Vietnam International Chemical Exhibition and the 20th China (Vietnam) Chemical Exhibition, attracted 375 enterprises from countries and regions such as Vietnam, Taiwan, South Korea, and China, with an exhibition area of nearly 9000 sqm. The three-day exhibition received nearly 11,000 professional visitors from 31 countries and regions, including Vietnam, Malaysia, Singapore, Hong Kong, Taiwan, China, Thailand, Indonesia, India, Japan and South Korea. The number of exhibitors and the number of visitors have both reached historic highs.