While the Asian construction industry is showing signs of cooling, typically the slowing economic growth of China has indirectly affected the construction industry. A wide range of industries, raw materials are affected as cement, steel, … China accounts for a large proportion not only in the global construction industry but also in Asia, so China’s influence on the regional construction market is very huge. Meanwhile, in Europe and North America, the construction market continued to remain unchanged over the past several years, due to the volatile regional economic situation and unstable recovery.
In Vietnamese construction market, after a long time of "bubble"" development with virtual prices and then falling into a recession, house prices gradually return to real value. In the fourth quarter of 2018, the retail markets in Hanoi and Ho Chi Minh City welcomed new projects, which helped the supply rise dramatically. The market showed signs of burning again when the occupancy rate as well as rental prices improved.
With an export- oriented economy, Vietnam attacts a huge and growing amount of foreign investment. As the demand for land and industrial factories rises, these segments continue to be attractive investment channels.
The real estate attached to land market in Hanoi and Ho Chi Minh City in the fourth quarter of 2018 continued to show positive signs to supply as well as the increase in the number of transactions
In the transport infrastructure, roads and bridges made a contribution to the total value of the transport infrastructure industry, accounting for 56% of the total value in 2016.
At the beginning of 2019, the Ministry of Transport will complete and put into operation a series of large-scale traffic projects such as: Cu Mong tunnel, Phap Van-Cau Gie highway project, Ham Vong bridge etc.
The airport system in Vietnam is mostly operating under capacity, which indicates that Vietnam may need to upgrade and expand runways as well as infrastructure in existing airports instead of building new ones.
In Vietnamese construction market, after a long time of "bubble"" development with virtual prices and then falling into a recession, house prices gradually return to real value. In the fourth quarter of 2018, the retail markets in Hanoi and Ho Chi Minh City welcomed new projects, which helped the supply rise dramatically. The market showed signs of burning again when the occupancy rate as well as rental prices improved.
With an export- oriented economy, Vietnam attacts a huge and growing amount of foreign investment. As the demand for land and industrial factories rises, these segments continue to be attractive investment channels.
The real estate attached to land market in Hanoi and Ho Chi Minh City in the fourth quarter of 2018 continued to show positive signs to supply as well as the increase in the number of transactions
In the transport infrastructure, roads and bridges made a contribution to the total value of the transport infrastructure industry, accounting for 56% of the total value in 2016.
At the beginning of 2019, the Ministry of Transport will complete and put into operation a series of large-scale traffic projects such as: Cu Mong tunnel, Phap Van-Cau Gie highway project, Ham Vong bridge etc.
The airport system in Vietnam is mostly operating under capacity, which indicates that Vietnam may need to upgrade and expand runways as well as infrastructure in existing airports instead of building new ones.
Table of Contents
AbbreviationsExecutive summary
1. Business environment
2. Industry overview
3. Enterprise analysis
List of figures
List of tables
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Coteccons Construction Joint Stock Company
- Hoa Binh Construction & Real Estate Corporation
- Petrovietnam Construction Joint Stock Corporation
- Ninh Binh Vissai Joint Stock Company
- CIENCO4 Group
- Construction Corporation No.1 Joint Stock Company
- Delta Civil And Industrial Construction Company Ltd
- Song Da Corporation
- Constructuon Joint Stock company 47
Methodology
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