Vietnam Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q3 2024)

The Construction in Vietnam - Key Trends and Opportunities to 2028 (Q3 2024) report provides detailed market analysis, information, and insights into the Vietnamese construction industry, including :

The Vietnamese construction industry 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.

Vietnam’s construction industry is expected to grow by 7.2% in 2024, supported by the development of transport infrastructure, renewable energy, and commercial construction projects, coupled with a continued improvement in foreign direct investment (FDI). According to the Foreign Investment Agency under the Ministry of Planning and Investment, FDI in Vietnam grew by 10.9% year-on-year (YoY) in the first six months of 2024, amounting to VND433.7 trillion ($18 billion); this was preceded by annual growth of 32.1% in 2023. Additionally, the Ministry of Construction is aiming to build 130,000 social housing units in 2024, in line with 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 rising industrial activity and the government’s focus on developing transport infrastructure, industrial parks and energy projects. The energy sector’s growth will be supported by the National Power Development Master Plan 2021-30 (Power Development Plan 8), which is expected to require an investment of VND3.2 quadrillion ($134.7 billion) by 2030. The plan outlines the government’s intention to generate 29.3GW of electricity by hydro power, 27.9GW from wind power, 12.8GW from solar power, 2.6GW of rooftop solar power and 2.3GW from biomass by 2030. Furthermore, the Ministry of Transport’s plan to expand the length of expressways from 1,900km in 2023 to 3,000km by 2025 and 5,000km by 2030, with a total investment of VND1.5 quadrillion ($65 billion), will drive the growth of the transport infrastructure sector.

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 the analyst'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 the analyst's critical and actionable insight.
Assess business risks, including cost, regulatory and competitive pressures.
Evaluate competitive risk and success factors.

1 Executive Summary2 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

About the Analyst
Contact the Publisher

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
Table 5: Vietnam, Industrial Construction Output by Project Type (Real % Change), 2019-28
Table 6: Vietnam, Top Industrial Construction Projects by Value
Table 7: Vietnam, Infrastructure Construction Output by Project Type (Real % Change), 2019-28
Table 8: Vietnam, Top Infrastructure Construction Projects by Value
Table 9: Vietnam, Energy and Utilities Construction Output by Project Type (Real % Change), 2019-28
Table 10: Vietnam, Top Energy and Utilities Construction Projects by Value
Table 11: Vietnam, Institutional Construction Output by Project Type (Real % Change), 2019-28
Table 12: Vietnam, Top Institutional Construction Projects by Value
Table 13: Vietnam, Residential Construction Output by Project Type (Real % Change), 2019-28
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: the analyst 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), 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, Industrial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 15: Vietnam, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 16: Vietnam, Total Credit Outstanding to Industrial Sector (VND Trillion)
Figure 17: Vietnam, Manufacturing Value Add, 2010 Constant Prices (VND Billion)
Figure 18: Vietnam, Exports of Goods ($ Billion)
Figure 19: Vietnam, Industrial and Manufacturing Production Index, % Change YoY (2015=100)
Figure 20: Vietnam, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
Figure 21: Vietnam, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 22: Vietnam, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
Figure 23: Vietnam, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 24: Vietnam, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
Figure 25: Vietnam, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 26: Vietnam, Education and Healthcare Value add, 2010 Constant Prices (In VND Billion)
Figure 27: Vietnam, Residential Construction Output by Project Type (Real, $ Million), 2019-28
Figure 28: Vietnam, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 29: Vietnam, Real Estate Business Value Add, 2010 Constant Prices (VND Billion)
Figure 30: Vietnam, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 31: Vietnam, Headquarters of Key Consultants (% of Total Project Pipeline)

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The Construction in Vietnam - Key Trends and Opportunities to 2028 (Q3 2024) report provides detailed market analysis, information, and insights into the Vietnamese construction industry, including :

Scope

This report provides a comprehensive analysis of the construction industry in Vietnam. It provides :

Reasons to Buy

Table of Contents

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