Vietnam Architectural, Engineering, and Construction (AEC) Market Outlook - Forecast Trends, Market Size, Share and Growth Analysis Report (2025-2034)

The Vietnam Architectural, Engineering, and Construction (AEC) market was valued at USD 1187.47 Million in 2024. The industry is expected to grow at a CAGR of 7.10% during the forecast period of 2025-2034. The region’s push for connectivity through cross-border transport corridors and seaport upgrades is driving demand for large-scale engineering projects, enhancing trade routes and construction activity across ASEAN-linked infrastructure. In turn, all these factors have resulted in the market attaining a valuation of USD 2357.86 Million by 2034.

Vietnam Architectural, Engineering, and Construction Market Report Summary

Description

Value

Base Year

USD Million

2024

Historical Period

USD Million

2018-2024

Forecast Period

USD Million

2025-2034

Market Size 2024

USD Million

1187.47

Market Size 2034

USD Million

2357.86

CAGR 2018-2024

Percentage

XX%

CAGR 2025-2034

Percentage

7.10%

CAGR 2025-2034 - Market by Type

Public-Private Partnership (PPP)

8.6%

CAGR 2025-2034 - Market by Investment Source

Architectural

8.3%

Vietnam Architectural, Engineering, and Construction (AEC) Market Overview

The Vietnam architectural, engineering, and construction market has experienced steady growth due to GDP expansion, a relatively young population, and increased investment in major infrastructure under national development plans such as the SEDP and PDP8. The efforts to drive public-private partnerships (PPPs) and regulatory reforms by the government increase investor confidence. Trends in the market include a growing focus on infrastructure, urban sustainability, and integration of local and international standards. Moreover, Vietnam is placed as the emerging hub of rising AEC activity as major players are boosting their capacities through joint ventures, mergers and acquisitions as well as innovation hubs in the region.

Vietnam Architectural, Engineering, and Construction (AEC) Market Growth

Healthcare infrastructure and the development of educational facilities are two major niches that have driven huge demand in the Vietnam architectural, engineering, and construction market. With public health and education high on the government’s priorities, the demand for modern hospitals, clinics, and medical research centers is rising, particularly in underdeveloped provinces. The market observes growth boosted by heavy investments in healthcare facilities that help meet international standards. In addition, the increased number of international schools, universities, and vocational training centers presents a sustained demand for new purpose-built educational campuses. Such projects tend to require specialized design, global standards compliance, and high-end engineering solutions. AEC firms with bespoke expertise in healthcare and education construction are positioned well to seize these socially important and rapidly growing segments.

Key Trends and Recent Developments

The key trends of the Vietnam architectural, engineering, and construction (AEC) market include adoption of eco-friendly and sustainable construction practices, expanding infrastructure building through public private partnership, digital integration and smart cities, and rapid growth in industrial and logistics construction.

April 2025

Nasuni, a leading unified file data platform for hybrid cloud settings, announced strong ongoing growth in the Architecture, Engineering, and Construction (AEC) sector. The company has nearly tripled (189%) its data under control in the industry, powering the file demands of over 250 AEC firms worldwide.

April 2025

KP Reddy Co. announced the formation of the Integrated Owners Forum (IOF), an exclusive peer-to-peer community for building owners dedicated to evaluating emerging technologies, integrating applied AEC and building science research, and aligning project stakeholders throughout the construction process.

April 2025

Energia, a leading energy engineering and design consultant and New York State-Certified women's business enterprise (WBE), announced the debut of the Energy Engineering and Design service, a streamlined offering for AEC partners.

July 2024

A new Korea-Vietnam Smart City Construction Technology Cooperation Center was formally launched in Hanoi. This collaborative program intends to encourage technology transfer and the expansion of South Korean businesses into the Vietnamese market.

Adoption of Eco-friendly and Sustainable Construction Practices

The region has started to catch up with the worldwide adoption of green building technology and practices due to emerging concerns regarding environmental issues and global climate commitments, boosting the overall Vietnam architectural, engineering, and construction market growth. Projects increasingly apply certification such as EDGE, LEED, and LOTUS. The recently constructed Deutsches Haus in Ho Chi Minh City received the LEED Platinum rating, showing a design for energy efficiency. Developers have increasingly invested in solar-integrated roofs and rainwater harvesting, using eco-friendly material development. The trend is mainly driven by government incentives and increasing international tenant demand for sustainable offices and industrial facilities using green property terms for Vietnam's developing urban centers.

Expanding Infrastructure Building through Public Private Partnership (PPP)

The fast tracking of the infrastructure development, mainly through the means of PPPs, a method that enabled the large-scale projects in transport and energy, has one of the most significant trends in the Vietnam architectural, engineering, and construction market. Major examples of this PPP scheme include the North-South Expressway and Long Thanh International Airport. It attracts private capital without adding to the public financial burden. Construction and engineering firms with PPP experience are greatly sought after, however, particular focus is on those familiar with complicated models of risk-sharing and regulation. Continued government reforms are trying to simplify the procedures for PPPs, attracting more international players into the planning and execution arenas of infrastructure.

Digital Integration and Smart Cities

Investments in smart cities such as Thu Duc (HCMC) in Vietnam and in initiatives like Quang Ninh Smart City have propelled the Vietnam architectural, engineering, and construction market dynamics. These projects permit the integration of IoT and AI with current data real-time systems into urban planning and infrastructure management. With the rise of smart utilities, traffic systems, and energy-efficient buildings, the AEC design-and-build process is expected to be reshaped. For example, firms supplying BIM-and even digital twin platforms and cloud-based construction management software such as Autodesk and Trimble are pulling in increasing business from local developers keen on improving operational efficiency, transparency, and longer-term savings in operating costs.

Rapid Growth in Industrial and Logistics Construction

The region’s strategic location is propelling a growing surge of foreign direct investment, particularly from the technology and manufacturing industries, accelerating the entire Vietnam architectural, engineering, and construction market value. For instance, Bac Ninh and Hai Phong in the northern part are bursting with warehouses, smart factories, and high-tech areas. Samsung is committing multi-billion-dollar investments in industrial hubs. AEC companies that specialize in fast track, scalable, and compliant industrial facilities are thriving, especially the ones that provide modular solutions for electronics, textiles, or renewable energy manufacturing.

Vietnam Architectural, Engineering, and Construction (AEC) Market Trends

One of the major contributors of the Vietnam architectural, engineering, and construction market growth is the region’s emerging middle-class population, expanding demand for residential properties, retail malls, and city amenities in second-tier cities such as Can Tho and Hai Phong. Beyond the traditional hubs, this demographic shift has significantly boosted real estate development. On the other hand, the government's push towards industrialization through the expansion of economic zones, particularly in high-tech and export-driven sectors, is another growth driver. This ensures constant demand for factory, logistics, and infrastructure projects. Together, these factors position steady, decentralized growth for the market, attracting domestic and foreign firms targeting long-term opportunities in residential, commercial, and industrial construction.

Vietnam Architectural, Engineering, and Construction (AEC) Market Opportunities

The two main opportunities observed in the Vietnam architectural, engineering, and construction market are retrofitting old infrastructure and construction for tourism activities. Many of the 1990s-era buildings and transport infrastructure require structural reinforcement, with calls for engineering studies, seismic retrofitting, and energy upgrades. Meanwhile, in the coastal provinces like Da Nang and Phu Quoc, tourism growth is generating demand for high-end resorts, entertainment complexes, and green hospitality schemes. AEC companies can benefit from this lucrative niche with specialization in heritage, coastal building, and mixed-use development, particularly when collaborating with local developers and regional investors.

Vietnam Architectural, Engineering, and Construction (AEC) Market Restraints

• Projects usually take a long time to get completed in the Vietnam architectural, engineering and construction market because of the lengthy issuing of permits, intermittent enforcement of building codes, and uncertain amendments of regulations, all of which may be aimed at derailing the work schedule and adding to the cost.
• There is a gigantic shortage of skilled labor despite continuously growing demand, particularly in newer and increasingly sophisticated engineering and construction methods. This restricts companies from optimizing fulfillment of the market's capacity.

Vietnam Architectural, Engineering, and Construction (AEC) Industry Segmentation

The EMR’s report titled “Vietnam Architectural, Engineering, and Construction (AEC) Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Segment

• Architectural
• Engineering
• Construction

Market Breakup by Investment Source

• Public Sector
• Private Sector
• Public Private Partnership

Vietnam Architectural, Engineering, and Construction (AEC) Market Share

Market Insights by Segment

The Vietnam architectural, engineering, and construction market is irresistibly being drawn into strong trends across all three segments. Architecture is adapting with the current demand for modern, sustainable, and culturally responsive design in urban and resort developments. Engineering is opening up with complex infrastructure and industrial projects that require extensive structural, MEP and geotechnical expertise. On the other hand, construction remains the dominant sector; driven by aggressive urbanization, new industrial areas, and government-led megaprojects. Both foreign and local firms are joining forces with joint ventures to help meet evolving technical standards. There is also a general awareness for the benefits of new technology, such as BIM and project management tools, to further improve efficiency, visual quality, and better collaboration within their segments.

Market Analysis by Investment Source

The dynamic growth of the Vietnam architectural, engineering, and construction market is accelerated by three primary investment sources. The public sector is responsible for all the main national plans that include infrastructure, transport, and urban development projects. The private sector is rapidly growing in the segments of residential, commercial, and industrial real estate, especially in light of the rising amounts of foreign direct investment. Public-Private Partnerships (PPPs) have strong potential involving increased development on expressways, airports, and projects in energy, as more regulatory frameworks continue to develop. Financing from these sources has diversified the pipeline of projects, attracting ever more players seeking large-scale, long-term opportunities.

Competitive Landscape

Vietnam architectural, engineering, and construction market players are aiming to utilize urbanization, infrastructure development, and industrial growth. Most of the Vietnam architectural, engineering, and construction companies are focusing on innovative and sustainable solutions, advanced engineering capabilities aided by cutting-edge technologies like BIM and green construction practices.

DINCO Engineering and Construction Corporation

DINCO was established in 2004 and is one of Vietnam's leading AEC players in infrastructure, industrial, and civil projects. The company is renowned for quality engineering and construction solutions to various sectors.

Coteccons Construction JSC

Coteccons, established in 2004 and headquartered in Ho Chi Minh City, is a prominent construction company dealing with mega-projects for residential, commercial, and industrial projects. The latest construction techniques have helped Coteccons become one of the most important players in thriving Vietnam's AEC sector.

Hoa Binh Construction Group

Established in 1987 and based in Ho Chi Minh City, Hoa Binh has been a large construction and engineering firm that is considered an expert in high-rise buildings, infrastructure, and commercial development. It has had a remarkable track record of completing successful projects throughout Vietnam.

Archetype Group

Archetype Group, founded in 2002, is an international design and engineering firm providing architectural, engineering, and project management services from all its offices. Archetype has expertise with sustainable and creative design solutions for various markets with extensive Vietnam experience.

Other key players in the Vietnam architectural, engineering, and construction market report are Visicons Construction And Investment JSC, FECON Corporation, Delta Group, RICONS Construction Investment JSC, and AXA Engineers Co., Ltd., among others.