The Vietnam structural steel fabrication market reached approximately USD 2.67 Billion in 2024. The market is projected to grow at a CAGR of 7.80% between 2025 and 2034, reaching a value of around USD 5.66 Billion by 2034.
Vietnam Structural Steel Fabrication Market Growth
The demand for structural steel has been greatly influenced by the ongoing infrastructural projects in the country. Vietnam has emerged as a key player in Asia, allocating 5.7% of its GDP towards infrastructure development. Public investment in infrastructure has been a major driver of Vietnam's economic growth in recent years. The country has already completed 1,729 km of expressways and aims to increase this to 3,000 km by 2025. Additionally, Vietnam's Information and Communication Infrastructure Master Plan focuses on high-speed internet, green data centres, specialised IT parks, and comprehensive cybersecurity measures to establish itself as a leading hub for network security in Asia by 2030.
Vietnam's continuous industrialisation plays a crucial role in boosting the market expansion. The growth of manufacturing and industrial sectors necessitates large quantities of structural steel for building and enhancing infrastructure. The steady economic progress has led to higher investments in infrastructure ventures such as transportation systems, bridges, and commercial structures, all of which rely heavily on structural steel.
Fabricated steel structures are known for their durability and strength, making them a popular choice for a wide range of applications, including commercial buildings, industrial facilities, warehouses, and even residential homes. The versatility of fabricated steel structures allows for customisation and flexibility in design, making them a preferred choice for architects and builders looking to create unique and innovative structures.
Vietnam Structural Steel Industry Segmentation
“Vietnam Structural Steel Fabrication Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Light Sectional Steel
Heavy Sectional Steel
Others
Market Breakup by End Use
Power and Energy
Construction
Oil and Gas
Manufacturing
Others
Market Breakup by Region
Southeast
Red River Delta
Mekong River Delta
South Central Coast
Others
Vietnam Structural Steel Fabrication Market Share
Based on end use, the market is segmented into construction, oil and gas, manufacturing, and power and energy, among others. The construction sector is projected to grow at a CAGR of 8.4% between 2025-2034. The construction sector makes extensive use of structural steel fabrication as it facilitates strength, resilience, adaptability, and affordability. Because of its strength-to-weight ratio, structural steel is frequently used in the construction of skyscrapers and other tall buildings.
Leading Companies in the Vietnam Structural Steel Fabrication Market
The market players are focusing on the production of green steel to promote sustainability and gain a competitive edge in the market.
Zamil Steel Buildings Vietnam Co., Ltd.
PEB Steel Buildings Co., Ltd.
ATAD Steel Structure corp.
Universal Vietnam Steel Buildings Co., Ltd.
Tri Viet Steel Buildings Co., Ltd.
Kirby Southeast Asia Co. Ltd.
Metalic Vietnam Co. Ltd.
PMB Steel
Dai Dung Metallic Manufacture Construction and Trade Corporation
Others
Vietnam Structural Steel Fabrication Market Report Snapshots
Vietnam Structural Steel Fabrication Market Size
Vietnam Structural Steel Fabrication Market Growth
Vietnam Structural Steel Fabrication Market Share
Vietnam Structural Steel Fabrication Companies
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Asia Pacific Structural Steel Fabrication Market Overview
- 5.1 Key Industry Highlights
- 5.2 Asia Pacific Structural Steel Fabrication Historical Market (2018-2024)
- 5.3 Asia Pacific Structural Steel Fabrication Market Forecast (2025-2034)
- 6 Vietnam Structural Steel Fabrication Market Overview
- 6.1 Key Industry Highlights
- 6.2 Vietnam Structural Steel Fabrication Historical Market (2018-2024)
- 6.3 Vietnam Structural Steel Fabrication Market Forecast (2025-2034)
- 7 Vietnam Structural Steel Fabrication Market by Product Type
- 7.1 Light Sectional Steel
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Heavy Sectional Steel
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Others
- 8 Vietnam Structural Steel Fabrication Market by End Use
- 8.1 Power and Energy
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Construction
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Oil and Gas
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Manufacturing
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Others
- 9 Vietnam Structural Steel Fabrication Market by Region
- 9.1 Southeast
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Red River Delta
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Mekong River Delta
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 South Central Coast
- 9.4.1 Historical Trend (2018-2024)
- 9.4.2 Forecast Trend (2025-2034)
- 9.5 Others
- 10 Market Dynamics
- 10.1 SWOT Analysis
- 10.1.1 Strengths
- 10.1.2 Weaknesses
- 10.1.3 Opportunities
- 10.1.4 Threats
- 10.2 Porter’s Five Forces Analysis
- 10.2.1 Supplier’s Power
- 10.2.2 Buyer’s Power
- 10.2.3 Threat of New Entrants
- 10.2.4 Degree of Rivalry
- 10.2.5 Threat of Substitutes
- 10.3 Key Indicators for Demand
- 10.4 Key Indicators for Price
- 11 Competitive Landscape
- 11.1 Supplier Selection
- 11.2 Key Global Players
- 11.3 Key Regional Players
- 11.4 Key Player Strategies
- 11.5 Company Profiles
- 11.5.1 Zamil Steel Buildings Vietnam Co., Ltd.
- 11.5.1.1 Company Overview
- 11.5.1.2 Product Portfolio
- 11.5.1.3 Demographic Reach and Achievements
- 11.5.1.4 Certifications
- 11.5.2 PEB Steel Buildings Co., Ltd.
- 11.5.2.1 Company Overview
- 11.5.2.2 Product Portfolio
- 11.5.2.3 Demographic Reach and Achievements
- 11.5.2.4 Certifications
- 11.5.3 ATAD Steel Structure corp.
- 11.5.3.1 Company Overview
- 11.5.3.2 Product Portfolio
- 11.5.3.3 Demographic Reach and Achievements
- 11.5.3.4 Certifications
- 11.5.4 Universal Vietnam Steel Buildings Co., Ltd.
- 11.5.4.1 Company Overview
- 11.5.4.2 Product Portfolio
- 11.5.4.3 Demographic Reach and Achievements
- 11.5.4.4 Certifications
- 11.5.5 Tri Viet Steel Buildings Co., Ltd.
- 11.5.5.1 Company Overview
- 11.5.5.2 Product Portfolio
- 11.5.5.3 Demographic Reach and Achievements
- 11.5.5.4 Certifications
- 11.5.6 Kirby Southeast Asia Co. Ltd.
- 11.5.6.1 Company Overview
- 11.5.6.2 Product Portfolio
- 11.5.6.3 Demographic Reach and Achievements
- 11.5.6.4 Certifications
- 11.5.7 Metalic Vietnam Co. Ltd.
- 11.5.7.1 Company Overview
- 11.5.7.2 Product Portfolio
- 11.5.7.3 Demographic Reach and Achievements
- 11.5.7.4 Certifications
- 11.5.8 PMB Steel
- 11.5.8.1 Company Overview
- 11.5.8.2 Product Portfolio
- 11.5.8.3 Demographic Reach and Achievements
- 11.5.8.4 Certifications
- 11.5.9 Dai Dung Metallic Manufacture Construction and Trade Corporation
- 11.5.9.1 Company Overview
- 11.5.9.2 Product Portfolio
- 11.5.9.3 Demographic Reach and Achievements
- 11.5.9.4 Certifications
- 11.5.10 Others
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