Recently, the General Administration of Vietnam's National Bureau of statistics released a number of economic data for the first quarter of 2022, with GDP growing by 5.03% year-on-year, of which the industry and construction industry contributed the most to the growth.

In 2020 and 2021, when the virus covid-19 was rampant, Vietnam also achieved GDP growth of 2.91% and 2.58% respectively. Compared with 2021, Vietnam's economy experienced many positive changes in the first quarter of 2022, and the service industry is on the road of strong recovery, especially the processing and manufacturing industry, showing a good momentum of development.

Vietnam has a population of 95million, of which 50% are under the age of 35. At the same time, Vietnam is also facing the problem of housing shortage. There is an extremely strong demand for low-end and high-end residential buildings, especially in dense urban areas such as Hanoi and Ho Chi Minh City. Urban construction has not kept up with the pace of population growth, which has pushed the real estate market in short supply. The development prospect of industry and construction is good, and the demand potential for real estate is large.

The demand of Pu foam and silicone sealant is closely related to the demand for real estate. We GNS, as the professional Pu foam and silicone sealant manufacturer, should make greater efforts to promote the Vietnamese market.