Vietnam Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q3 2025)
Description
Vietnam Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q3 2025)
Summary
Vietnam’s construction industry is expected to continue to maintain the growth momentum in 2025, owing to the government's plan to invest in transport infrastructure and the housing sector to address the traffic issue and housing deficits. GlobalData expects the construction industry to record real growth of 8% in 2025, supported by investments in transport and energy infrastructure. In June 2025, a Vietnamese power company, Thai Binh LNG Power JSC, announced that the construction of a VND65.9 trillion ($2.6 billion) Liquefied Natural Gas (LNG) fueled power project in the northern Vietnamese province of Thai Binh is slated to commence in Q4 2025, spanning an area of 263.5ha within the Thai Binh Economic Zone. The 1.5GW Thai Binh LNG power plant is designed to have two turbines, with the first expected to come online in Q4 2028 and the second in Q4 2029.
The construction industry in Vietnam is expected to register an annual average growth of 6.9% from 2026 to 2029, supported by the government’s efforts to develop transport and housing infrastructure in the country and the Ministry of Industry and Trade’s strategy to produce 20 million tonnes of hydrogen per year by 2050. In June 2025, Vietnam’s Ministry of Industry and Trade (MoIT) approved a plan to implement the revised Power Development Plan VIII (PDP8) to scale up domestic energy generation capacity. Under this plan, by 2030, the government aims for solar power to reach 73,416MW, onshore wind to reach 38,029MW, and offshore wind to reach 6,000MW (increasing to over 17,000MW by 2035). Furthermore, the nuclear power plan was reintroduced through the revised plan, with Ninh Thuan 1 and 2 operating from 2030 to 2035 at 2,000-3,200MW each.
GlobalData’s Construction in Vietnam - Key Trends and Opportunities to 2029 (Q3 2025) report provides detailed market analysis, information, and insights into the Vietnamese construction industry, including -
This report provides a comprehensive analysis of the construction industry in Vietnam. It provides -
Summary
Vietnam’s construction industry is expected to continue to maintain the growth momentum in 2025, owing to the government's plan to invest in transport infrastructure and the housing sector to address the traffic issue and housing deficits. GlobalData expects the construction industry to record real growth of 8% in 2025, supported by investments in transport and energy infrastructure. In June 2025, a Vietnamese power company, Thai Binh LNG Power JSC, announced that the construction of a VND65.9 trillion ($2.6 billion) Liquefied Natural Gas (LNG) fueled power project in the northern Vietnamese province of Thai Binh is slated to commence in Q4 2025, spanning an area of 263.5ha within the Thai Binh Economic Zone. The 1.5GW Thai Binh LNG power plant is designed to have two turbines, with the first expected to come online in Q4 2028 and the second in Q4 2029.
The construction industry in Vietnam is expected to register an annual average growth of 6.9% from 2026 to 2029, supported by the government’s efforts to develop transport and housing infrastructure in the country and the Ministry of Industry and Trade’s strategy to produce 20 million tonnes of hydrogen per year by 2050. In June 2025, Vietnam’s Ministry of Industry and Trade (MoIT) approved a plan to implement the revised Power Development Plan VIII (PDP8) to scale up domestic energy generation capacity. Under this plan, by 2030, the government aims for solar power to reach 73,416MW, onshore wind to reach 38,029MW, and offshore wind to reach 6,000MW (increasing to over 17,000MW by 2035). Furthermore, the nuclear power plan was reintroduced through the revised plan, with Ninh Thuan 1 and 2 operating from 2030 to 2035 at 2,000-3,200MW each.
GlobalData’s Construction in Vietnam - Key Trends and Opportunities to 2029 (Q3 2025) report provides detailed market analysis, information, and insights into the Vietnamese construction industry, including -
- The Vietnamese 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 the Vietnamese construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
This report provides a comprehensive analysis of the construction industry in Vietnam. It provides -
- Historical (2020-2024) and forecast (2025-2029) 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
- Identify and evaluate market opportunities using our 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 business strategies 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
48 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 news and developments
- Construction Projects Momentum Index
- 4.2 Commercial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.3 Industrial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.4 Infrastructure Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.5 Energy and Utilities Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.6 Institutional Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.7 Residential Construction
- Outlook
- Project analytics
- Latest news and developments
- 5 Key Industry Participants
- 5.1 Contractors
- 5.2 Consultants
- 6 Construction Market Data
- 7 Appendix
- 7.1 What is this Report About?
- 7.2 Definitions
- 7.3 CRI Methodology
- 8 About GlobalData
- 9 Contact Us
- 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), 2020–29
- Table 4: Vietnam, Top Commercial Construction Projects by Value
- Table 5: Vietnam, Industrial Construction Output by Project Type (Real % Change), 2020–29
- Table 6: Vietnam, Top Industrial Construction Projects by Value
- Table 7: Vietnam, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
- Table 8: Vietnam, Top Infrastructure Construction Projects by Value
- Table 9: Vietnam, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
- Table 10: Vietnam, Top Energy and Utilities Construction Projects by Value
- Table 11: Vietnam, Institutional Construction Output by Project Type (Real % Change), 2020-29
- Table 12: Vietnam, Top Institutional Construction Projects by Value
- Table 13: Vietnam, Residential Construction Output by Project Type (Real % Change), 2020-29
- Table 14: Vietnam, Top Residential Construction Projects by Value
- Table 15: Vietnam, Key Contractors
- Table 16: Vietnam, Key Consultants
- Table 17: Vietnam, Construction Output Value (Real, $ Million)
- Table 18: Vietnam, Construction Output Value (Nominal, VND Trillion)
- Table 19: GlobalData Construction Market Definitions
- Table 20: Risk Dimensions
- Table 21: Ratings, Scores and Definitions
- List of Figures
- Figure 1: South-East Asia, Construction Output (Real % Change), 2023–29
- Figure 2: Vietnam, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
- Figure 3: Vietnam, Risk Summary
- Figure 4: Vietnam, Risk Regional Comparison
- Figure 5: Vietnam, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29
- Figure 6: Vietnam, Construction Output Value, by Sector (Real, $ Million), 2020–29
- 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), 2020–29
- 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), 2020–29
- 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), 2020-29
- Figure 23: Vietnam, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 24: Vietnam, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 25: Vietnam, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 26: Vietnam, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 27: Vietnam, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 28: Vietnam, Education and Healthcare Value-add (2010 Constant Prices, VND Billion)
- Figure 29: Vietnam, Residential Construction Output by Project Type (Real, $ Million), 2020-29
- 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)
Search Inside Report
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.