Vietnam Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2030 (Q3 2026)

Summary

The analyst expects the Vietnamese construction industry to grow by 8.9% in real terms in 2026, supported by an increase in public and private investment in energy, industrial, and transport infrastructure projects, coupled with an increase in inward foreign direct investment (FDI). According to the Ministry of Finance’s National Statistics Office (NSO), total registered FDI grew by 58% year-on-year (YoY) during the first seven months of 2026, reaching VND937.3 trillion ($38.06 billion). During the first half of 2026, the national highway system exceeded 24,000km, up from 17,500km as of 2025. Moreover, according to the National Statistics Office of Vietnam’s (NSO) latest socio-economic report, released in July 2026, 10,805 construction enterprises were newly registered during the first half of 2026, marking YoY growth of 51.6%. Notably, the construction industry is expected to register a stronger performance in the second half of 2026, supported by the rollout of scheduled construction works. According to the pipeline of projects tracked, there were 296 construction projects with construction scheduled to commence in H2 2026, as of August 2026. This involves a total valuation of VND4.6 quadrillion ($185.8 billion).

The Vietnamese construction industry is expected to register an annual average growth rate of 6.6% between 2027 and 2030, supported by private and public sector investment in road, rail, airport, and housing projects. Under Vietnam’s National Master Plan 2021-2030 (released in mid-July 2026), with a vision to 2050, the country aims to expand the number of expressway routes to 46 routes totaling 10,106km, compared with the earlier target of 41 routes totaling 8,993km (as of April 2026). Of the total, the government aims to build 1,721km between 2026 and 2030, with an investment of VND802.9 trillion ($30.5 billion). By 2030, the government aims to have 6,539km of expressways completed, compared to 3,345km in operation as of April 2026. Growth in the renewable energy sector will be supported by the implementation of Vietnam’s revised Just Energy Transition Partnership (JETP) plan, which aims to increase the share of renewable energy in the total power supply from 25.3% in 2020 to 47% of the energy mix by 2030.

The analyst’s Construction in Vietnam - Key Trends and Opportunities to 2030 (Q3 2026) 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 (2021-2025) and forecast (2026-2030) 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

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 Us

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), 2021-30
Table 4: Vietnam, Top Commercial Construction Projects by Value
Table 5: Vietnam, Industrial Construction Output by Project Type (Real % Change), 2021-30
Table 6: Vietnam, Top Industrial Construction Projects by Value
Table 7: Vietnam, Infrastructure Construction Output by Project Type (Real % Change), 2021-30
Table 8: Vietnam, Top Infrastructure Construction Projects by Value
Table 9: Vietnam, Energy and Utilities Construction Output by Project Type (Real % Change), 2021-30
Table 10: Vietnam, Top Energy and Utilities Construction Projects by Value
Table 11: Vietnam, Institutional Construction Output by Project Type (Real % Change), 2021-30
Table 12: Vietnam, Top Institutional Construction Projects by Value
Table 13: Vietnam, Residential Construction Output by Project Type (Real % Change), 2021-30
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: GlobalData Construction Market Definitions
Table 20: GlobalData Construction Market Definitions
Table 21: Ratings, Scores and Definitions

List of Figures

Figure 1: South-East Asia, Construction Output (Real % Change), 2024-30
Figure 2: Vietnam, Construction Output by Sector (Real % Change), 2024-26 and 2027-30
Figure 3: Vietnam, Risk Summary
Figure 4: Vietnam, Risk Regional Comparison
Figure 5: Vietnam, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2021-30
Figure 6: Vietnam, Construction Output Value, by Sector (Real, $ Million), 2021-30
Figure 7: Vietnam, Construction Value Add, 2010 Constant Prices (VND Billion)
Figure 8: Vietnam, Construction Projects Momentum Index
Figure 9: South-East Asia, Construction Projects Momentum Index
Figure 10: Vietnam, Commercial Construction Output by Project Type (Real, $ Million), 2021-30
Figure 11: Vietnam, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 12: Vietnam, Service Sector Value Add, 2010 Constant Prices (VND Billion)
Figure 13: Vietnam, Total Retail Sales of Consumer Goods and Services (VND Trillion)
Figure 14: Vietnam, Total International Visitors (In Thousands)
Figure 15: Vietnam, Industrial Construction Output by Project Type (Real, $ Million), 2021-30
Figure 16: Vietnam, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 17: Vietnam, Construction Value-add (LCU Million)
Figure 18: Vietnam, Construction Value-add (LCU Million)
Figure 19: Vietnam, Manufacturing Value Add, 2010 Constant Prices (VND Billion)
Figure 20: Vietnam, Infrastructure Construction Output by Project Type (Real, $ Million), 2021-30
Figure 21: Vietnam, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 22: Vietnam, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2021-30
Figure 23: Vietnam, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 24: Vietnam, Institutional Construction Output by Project Type (Real, $ Million), 2021-30
Figure 25: Vietnam, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 26: Vietnam, Education and Healthcare Value-add (2010 Constant Prices, VND Billion)
Figure 27: Vietnam, Residential Construction Output by Project Type (Real, $ Million), 2021-30
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)

License	Format	Properties	Price
SINGLE USER LICENSE PDF	The product is a PDF.	This is a single user license, allowing one user access to the product.	€1380EUR$1,495USD£1,168GBP
SITE LICENSE PDF	The product is a PDF.	This is a site license, allowing all users within a given geographical location of your organization access to the product.	€2070EUR$2,242USD£1,752GBP
ENTERPRISE LICENSE PDF	The product is a PDF.	This is an enterprise license, allowing all employees within your organization access to the product.	€2761EUR$2,990USD£2,337GBP