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Construction in Vietnam - Key Trends and Opportunities to 2024

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    Report

  • 43 Pages
  • November 2020
  • Region: Vietnam
  • GlobalData
  • ID: 5004121
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Summary

The Vietnam construction industry was growing at a relative fast pace prior to the Coronavirus (COVID-19) crisis, with the industry expanding by 9.1% in real terms in 2019. Growth had been driven by investments on the national strategic projects, mainly in the transport infrastructure sector. However, the imposition of Large-Scale Social Restrictions (PSBB) by the government to contain the spread of COVID-19, along with global trade and travel disruptions which affected the availability of manpower and raw materials, weighed on growth in Vietnam’s construction industry in the first half of 2020. Consequently, the publisher expects the industry’s growth to decelerate to 5.5% in real terms this year, which is a relatively strong performance compared to other markets in the region.

According to the General Statistics Office (GSO), the construction industry’s value-add grew by 5.7% year on year (YoY) in real terms in the third quarter of 2020 (the latest data available at the time of writing), improving from 4.7% and 4.4% in the previous two quarters, respectively. In the coming quarters, the construction industry’s output growth will continue to pick up, supported by investments in transport and energy infrastructure.

Efforts to attract foreign investment through the public private partnerships (PPP) model will support the construction industry over the forecast period. In June 2020, the national assembly adopted the law on PPP investment, which is aimed at regulating investment activities and attracting private investment under the PPP model. The government’s efforts to balance supply and demand for affordable housing will also generate momentum in the residential sector. Ongoing urbanization will continue to generate demand for residential and infrastructure development.

This report provides detailed market analysis, information and insights into Vietnam’s construction industry, including -
  • Vietnam’s 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 Vietnam’s 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 (2015-2019) and forecast (2020-2024) 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 publisher'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 publisher'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 COVID-19 Status
4 Construction Outlook
4.1 All Construction
4.2 Commercial Construction
4.3 Industrial Construction
4.4 Infrastructure Construction
4.5 Energy and Utilities Construction
4.6 Institutional Construction
4.7 Residential Construction
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 Construction
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), 2015-2024
Table 4: Vietnam, Top Commercial Construction Projects by Value
Table 5: Vietnam, Industrial Construction Output by Project Type (Real % Change), 2015-2024
Table 6: Vietnam, Top Industrial Construction Projects by Value
Table 7: Vietnam, Infrastructure Construction Output by Project Type (Real % Change), 2015-2024
Table 8: Vietnam, Top Infrastructure Construction Projects by Value
Table 9: Vietnam, Energy and Utilities Construction Output by Project Type (Real % Change), 2015-2024
Table 10: Vietnam, Top Energy and Utilities Construction Projects by Value
Table 11: Vietnam, Institutional Construction Output by Project Type (Real % Change), 2015-2024
Table 12: Vietnam, Top Institutional Construction Projects by Value
Table 13: Vietnam, Residential Construction Output by Project Type (Real % Change), 2015-2024
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, US$ Million)
Table 18: Vietnam, Construction Output Value (Nominal, VND trillion)
Table 19: Construction Market Definitions
List of Figures
Figure 1: South and South-East Asia, Construction Output (Real % Change), 2020
Figure 2: Vietnam, Construction Projects Pipeline by Sector (US$ Billion)
Figure 3: Vietnam, COVID-19 Confirmed Cases
Figure 4: Vietnam, Construction Output Value (Real, US$ Billion, 2017 Prices and Exchange Rate), 2015-2024
Figure 5: Vietnam, Construction Output Value, by Sector (Real, US$ Million), 2015-2024
Figure 6: Vietnam, Construction Value-Add (VND Million, 2010 Constant Prices)
Figure 7: Vietnam, Construction Projects Momentum Index
Figure 8: Vietnam, Commercial Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 9: Vietnam, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 10: Vietnam, Accommodation and Catering Services Value-Add (VND Billion, 2010 Constant Prices)
Figure 11: Vietnam, Total Retail Sales of Consumer Goods and Services (VND Trillion)
Figure 12: Vietnam, Total Number of International Visitors (Number, Thousand)
Figure 13: Vietnam, Industrial Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 14: Vietnam, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 15: Vietnam, Industrial and Manufacturing Production Index, % Change YoY (2015=100)
Figure 16: Vietnam, Manufacturing Value-Add (VND Billion, 2010 Constant Prices)
Figure 17: Vietnam, Manufacturing Sector Volume Index (2012=100)
Figure 18: Vietnam, Infrastructure Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 19: Vietnam, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 20: Vietnam, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 21: Vietnam, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 22: Vietnam, Institutional Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 23: Vietnam, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 24: Vietnam, Residential Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 25: Vietnam, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 26: Vietnam, Real Estate Business Value-Add (VND Billion, 2010 Constant Prices)
Figure 27: Vietnam, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 28: Vietnam, Headquarters of Key Consultants (% of Total Project Pipeline)