Vietnam’s construction industry is expected to grow by 6% in real terms in 2025, supported by an increase in transport construction activity and public and private sector investments in housing and power construction projects. In February 2025, the Ministry of Transport announced it plans to start construction on 19 transport infrastructure projects this year. Additionally, the Ministry of Construction is planning to build 100,000 social housing units in 2025, supporting the government’s aim of developing one million social housing units from 2021 to 2030. According to the General Statistics Office of Vietnam (GSO), the value-add of the construction industry grew by 8.3% year on year (YoY) in Q1 2024, preceded by YoY growths of 7.4% in Q3 and 8% in Q2 2024.
The construction industry in Vietnam is expected to register an annual average growth rate of 6.9% from 2026 to 2029, supported by investments 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. The growth of the construction industry is also expected to be supported by the government’s plan to construct a VND1.6 quadrillion ($67 billion) high-speed railway project, linking Hanoi and Ho Chi Minh City by 2035
The construction industry in Vietnam is expected to register an annual average growth rate of 6.9% from 2026 to 2029, supported by investments 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. The growth of the construction industry is also expected to be supported by the government’s plan to construct a VND1.6 quadrillion ($67 billion) high-speed railway project, linking Hanoi and Ho Chi Minh City by 2035
The Construction in Vietnam - Key Trends and Opportunities to 2029 (Q1 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
Scope
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
Reasons to Buy
- 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 the analyst's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
Table of Contents
1 Executive Summary2 Construction Industry: At-a-Glance6 Construction Market Data
3 Context
4 Construction Outlook
5 Key Industry Participants
7 Appendix
List of Tables
List of Figures
