Vietnam Infrastructure Market Report and Forecast 2024-2032

Vietnam Infrastructure Market Report and Forecast 2024-2032

Market Outlook

According to the report, the Vietnam infrastructure market is projected to grow at a CAGR of 6.6% between 2024 and 2032. Aided by the increasing investments in transportation, the market is expected to grow significantly by 2032.

Vietnam, a rapidly developing Southeast Asian nation, is experiencing an infrastructure boom, driven by its burgeoning economy, increasing urbanisation, and the government's commitment to improving the nation’s infrastructure. The country’s strategic location along key shipping routes has further amplified its potential as a regional logistics and transportation hub.

The Vietnam infrastructure market growth is primarily fuelled by significant investments in transportation, including roads, railways, airports, and seaports. These developments are crucial for bolstering Vietnam's connectivity internally and with the global market, thereby enhancing trade and economic growth. The expansion of the transport network also plays a vital role in supporting the country’s thriving tourism industry, which is a significant contributor to the national economy.

Another key driver of the Vietnam infrastructure market demand is the focus on urban development. Rapid urbanisation has led to increased demand for sustainable and efficient urban infrastructure, including housing, water supply, sanitation, and waste management systems. The government’s initiatives to develop smart cities are also contributing to this growth, integrating technology to create more livable and sustainable urban environments.

The energy sector in Vietnam is also a critical area of infrastructure development. The country’s increasing energy needs, driven by industrial growth and rising consumer demand, have led to significant investments in both traditional and renewable energy sources. Vietnam is actively expanding its renewable energy capacity, particularly in solar and wind energy, to ensure a sustainable energy mix and reduce reliance on fossil fuel imports.

Investments in telecommunications and digital infrastructure are further influencing the Vietnam infrastructure market outlook. The government's efforts to enhance digital connectivity and promote the digital economy are reflected in the rapid development of telecommunications networks, including the expansion of broadband and mobile services.

Market Segmentation

The market can be divided based on infrastructure type.

Market Breakup by Infrastructure Type

• Social Infrastructure
• Schools
• Hospitals
• Defence
• Others
• Transportation Infrastructure
• Railways
• Roadways
• Airports
• Waterways
• Extraction Infrastructure
• Power Generation
• Electricity Transmission and Distribution
• Water
• Gas
• Telecoms
• Manufacturing Infrastructure
• Metal and Ore Production
• Petroleum Refining
• Chemical Manufacturing
• Industrial Parks and Clusters
• Other

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Vietnam infrastructure market. Some of the major players explored in the report are as follows:

• Hoa Binh Construction Group
• Coteccons Construction Joint Stock Company
• Construction Corporation No.1 Joint Stock Company
• Songda9 Joint Stock Company
• Minh Duc Construction Group
• COFICO Company
• Hung Thinh Incons Joint Stock Company
• Visicons Construction and Investment Joint Stock Company
• Others

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