Vietnam Prefabricated Buildings Market Size Analysis - Market Share, Forecast Trends and Outlook Report (2025-2034)

The Vietnam prefabricated buildings market size reached around USD 5.39 Billion in 2024. The market is projected to grow at a CAGR of 5.10% between 2025 and 2034 to reach nearly USD 8.86 Billion by 2034.

Vietnam Prefabricated Buildings Market Growth

Vietnam's economy has changed dramatically over the past three decades, with 37.55% of the population expected to live in towns and cities in 2022 as a result of extensive economic reforms and a quick structural shift from an economy based on agriculture to one based on industrial developments. Moreover, as of the year 2021, there exist a total of 868 urban areas, comprising of 2 special type urban areas, 22 type I urban areas, 33 type II urban areas, 47 type III urban areas, 90 type IV urban areas, and 674 class V urban areas. This has resulted in the application of various construction methods including prefabricated buildings, which consequently drives up the Vietnam prefabricated buildings market share.

Progress in construction technology, including enhanced design software, automated manufacturing, and the use of advanced materials, is raising the quality and appeal of prefabricated structures. These innovations help shorten construction time, minimise waste, and improve the overall functionality of buildings, consequently driving up the market growth.

As per the Vietnam prefabricated buildings market analysis, progress in design software, automation, and manufacturing technologies has enhanced the efficiency and flexibility of prefabrication. Building Information Modelling (BIM) allows for accurate planning and coordination of prefabricated elements, leading to increased efficiency and decreased errors. Prefabrication usually results in less waste when compared to conventional construction methods due to the precise use of materials and controlled manufacturing settings. Prefabricated structures frequently feature energy-efficient designs and materials, minimising their environmental footprint during construction and over their lifespan.

Key Trends and Developments

Vietnam prefabricated buildings market growth can be attributed to rapid urbanisation, rising government initiatives to promote sustainable construction methods, and rising adoption of contemporary construction methods.

September 2023

3D Smart Solutions launched Vietnam's largest 3D printing factory, featuring nine specialised subdivisions for a comprehensive operation including a training room, display area, workshops for SLA, FDM, and SLS technologies, industrial design room, commercial warehouse, canteen, and entertainment area, among others.

August 2023

Vietnam's largest 3D printing facility was inaugurated in Ho Chi Minh City. This workshop featured a range of functional areas and professional processes and was officially opened by 3D Smart Solutions (3DS) Co. Ltd. in the city, contributing to improved Vietnam prefabricated buildings market revenue.

Sep 2022

Lotte Group, the prominent South Korean retail conglomerate announced its intention to develop an environmentally sustainable 'smart city' complex, in addition to a distinct 'smart logistics' centre in Vietnam.

Adoption of Advanced Technologies

Technological progress is improving manufacturing methods and bringing new innovations to prefabrication technology, thereby enhancing the quality and versatility of prefabricated building materials. As a result, these materials are becoming a more attractive option for a wider range of construction projects.

Rapid Urban Growth and Industrial Development

Vietnam is undergoing significant urban expansion, leading to a heightened need for commercial, residential, and infrastructural developments. Prefabricated materials offer a swift and economical response to this increasing demand.

Government Initiatives and Regulations

The Vietnamese government has enacted policies that promote contemporary construction methods, including the adoption of prefabricated materials, as part of its commitment to sustainable development and environmentally friendly building practices, consequently driving up the Vietnam prefabricated buildings market share.

Economic Viability

The use of prefabricated materials contributes to lower labor expenses and reduced construction durations, making it particularly appealing in Vietnam's expanding yet budget-conscious construction sector. Additionally, accelerated project completion results in cost savings for developers.

Sustainability and Ecological Considerations

Prefabrication techniques can significantly decrease construction waste and energy consumption. With a growing awareness of environmental issues in Vietnam, there is an increasing demand for sustainable building options such as prefabricated materials.

Vietnam Prefabricated Buildings Market Trends

Prefabricated construction is increasingly favoured in residential and large-scale commercial projects owing to its cost-effectiveness and shorter construction timelines. In Vietnam, the push for sustainable building practices has led to a growing demand for environmentally friendly prefabricated materials, which minimise waste and reduce carbon emissions, leading to the Vietnam prefabricated buildings market expansion. Advances in prefabrication technology, such as 3D printing and modular construction methods, are improving the quality, adaptability, and design potential of prefabricated buildings. The Vietnamese government is making significant investments in infrastructure initiatives, including airports and highways, where the use of prefabricated materials is prevalent due to their efficiency.

Vietnam Prefabricated Buildings Industry Segmentation

The EMR’s report titled “Vietnam Prefabricated Buildings Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Breakup by Material Type

• Concrete
• Glass
• Metal
• Timber
• Others

Breakup by Application

• Residential
• Commercial
• Industrial

Breakup by Region

• Southeast
• Red River Delta
• Mekong River Delta
• South Central Coast
• Others

Vietnam Prefabricated Buildings Market Share

Based on application, the market is segmented into industrial, commercial, and residential. The industrial segment is projected to dominate the market, representing a CAGR of 5.4%. Large production plants that support a variety of manufacturing processes can be swiftly and effectively constructed using prefabricated buildings, leading to the Vietnam prefabricated buildings market expansion. Construction schedules are greatly shortened by prefabrication, enabling enterprises to start up more quickly. Additionally, prefabricated structures act as distribution centres, streamlining the dispatch and storage processes.

Leading Companies in the Vietnam Prefabricated Buildings Market

Market players are focusing on adopting sustainable building practices and adoption of cutting-edge technologies to improve Vietnam prefabricated buildings market outlook.

Zamil Steel Buildings Vietnam Co. Ltd.

Established in 1997, Zamil Steel Buildings Vietnam Co. Ltd. is in Ho Chi Minh City. The company focuses on the provision of pre-engineered steel buildings and has established a significant foothold in the industrial and commercial construction sectors of Vietnam.

DTH Prefab

Founded in 2009, DTH Prefab operates from Hanoi, Vietnam. This company is recognised as a leading producer of prefabricated steel buildings and structures, delivering cost-effective and sustainable construction solutions tailored to various sectors throughout the nation, thereby leading to the expansion of Vietnam prefabricated buildings market size.

Dai Dung Corp.

Dai Dung Corporation, which was established in 1995 and is based in Ho Chi Minh City, plays a pivotal role in Vietnam’s steel structure and prefabrication market. The company specializes in executing large-scale projects for industrial, commercial, and civil construction throughout Southeast Asia.

TLC Modular

Founded in 1995 and headquartered in Ho Chi Minh City, TLC Modular is dedicated to modular construction, offering prefabricated building solutions for residential, hospitality, and commercial developments, with an emphasis on sustainability and efficient construction methodologies.

Other major players in the market are Lien Son Thang Long Joint Stock Company, Steel Buildings and Equipment Industries JSC, QH Plus Corp., and Tran Duc Corp., among others.