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Vietnam Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028

Publisher GlobalData
Published Jun 10, 2024
Length 44 Pages
SKU # GBDT18983705

Description

Vietnam Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028


Summary

GlobalData’s Construction in Vietnam - Key Trends and Opportunities to 2028 (Q2 2024) report provides detailed market analysis, information, and insights into Vietnam’s construction industry, including-
  • Vietnam’s construction industry's growth prospects by market, project type and construction activity
  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Vietnam’s construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Vietnam’s construction industry is expected to grow by 7.5% in 2024, supported by an increase in transport construction activity and public and private sector investment in housing and power construction projects. In March 2024, the Ministry of Transport announced it plans to begin construction on 19 transport infrastructure projects this year, including 11 expressways. Additionally, the Ministry of Construction is planning to build 130,000 social housing units in 2024, supporting the government’s aim of developing one million social housing units from 2021 to 2030.

The construction industry in Vietnam is expected to register an annual average growth of 6.7% from 2025 to 2028, supported by investment in transport infrastructure, renewable energy, and industrial projects, and the Ministry of Industry and Trade’s strategy to produce 20 million tonnes of hydrogen per year by 2050. The Ministry of Transport is planning to expand the length of expressways from 1,900km in 2023 to 3,000km by 2025 and 5,000km by 2030. The government is also planning to build eight metro lines in the country with an investment of VND587 trillion ($25 billion) by the end of 2035, under Ho Chi Minh City’s urban railway planning. Of the eight metro lines planned, the construction of the Metro No.1 is expected to be completed by the end of 2024 and Metro No.2 is currently in the early stages. The growth of the construction industry is also expected to be supported by foreign direct investment (FDI) in manufacturing and energy projects. In March 2024, the Vietnamese Finance Minister revealed that the country is planning to borrow 30% of the VND1.6 quadrillion ($67 billion) required to develop the North-South high-speed railway project from foreign investors.

Scope

This report provides a comprehensive analysis of the construction industry in Vietnam. It provides-
  • Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Vietnam, featuring details of key growth drivers.
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
  • Identify and evaluate market opportunities using GlobalData's standardized valuation and forecasting methodologies.
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts.
  • Understand the latest industry and market trends.
  • Formulate and validate strategy using GlobalData's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.

Table of Contents

44 Pages
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile
4 Construction Outlook
4.1 All Construction
Outlook
Latest n
List of Tables
Table 1: Construction Industry Key Data
Table 2: Vietnam, Key Economic Indicators
Table 3: Vietnam, Commercial Construction Output by Project Type (Real % Change), 2019-28
Table 4: Vietnam, Top Commercial Construction Projects by Value
Tabl
List of Figures
Figure 1: South and South-East Asia, Construction Output (Real % Change), 2022-28
Figure 2: Vietnam, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 3: Vietnam, Risk Summary
Figure 4: Vietnam, Risk Regional Comparison
Figure 5: Vietnam, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 6: Vietnam, Construction Output Value, by Sector (Real, $ Million), 2019-28
Figure 7: Vietnam, Construction Value Add, 2010 Constant Prices (VND Billion)
Figure 8: Vietnam, Total Credit Outstanding to Construction Sector (VND Trillion)
Figure 9: Vietnam, Construction Projects Momentum Index
Figure 10: South-East Asia, Construction Projects Momentum Index
Figure 11: Vietnam, Commercial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 12: Vietnam, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 13: Vietnam, Service Sector Value Add, 2010 Constant Prices (VND Billion)
Figure 14: Vietnam, Total Retail Sales of Consumer Goods and Services (VND Trillion)
Figure 15: Vietnam, Total International Visitors (In Thousands)
Figure 16: Vietnam, Industrial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 17: Vietnam, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 18: Vietnam, Total Credit Outstanding to Industrial Sector (VND Trillion)
Figure 19: Vietnam, Manufacturing Value Add, 2010 Constant Prices (VND Billion)
Figure 20: Vietnam, Exports of Goods ($ Billion)
Figure 21: Vietnam, Industrial Production Index, % Change YoY (2015=100)
Figure 22: Vietnam, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
Figure 23: Vietnam, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 24: Vietnam, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
Figure 25: Vietnam, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 26: Vietnam, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
Figure 27: Vietnam, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 28: Vietnam, Education and Healthcare Value add (At 2010 Constant Prices, In VND Billion)
Figure 29: Vietnam, Residential Construction Output by Project Type (Real, $ Million), 2019-28
Figure 30: Vietnam, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 31: Vietnam, Real Estate Business Value Add, 2010 Constant Prices (VND Billion)
Figure 32: Vietnam, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 33: Vietnam, Headquarters of Key Consultants (% of Total Project Pipeline)

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