Vietnam Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2030 (Q1 2026)

The analyst expects the construction industry in Vietnam to grow by 7.9% in real terms in 2026, supported by increased foreign direct investment (FDI) in the country and investments majorly in transport and energy infrastructure. According to the Foreign Investment Agency under the Ministry of Finance, total registered FDI reached VND987.7 trillion ($38.42 billion) in 2025, marking a Year-on-Year (YoY) growth of 0.5%. Furthermore, in November 2025, Vietnam’s 15th National Assembly approved the 2026 State Budget, with an allocated expenditure of VND3.2 quadrillion ($124.5 billion), including VND1.8 quadrillion ($70 billion) for the central budget, covering VND238.4 trillion ($9.3 billion) in transfers to localities, VND187.2 trillion ($7.3 billion) in targeted supplementary funding, VND53.6 trillion ($2.1 billion) for local base salaries, and VND1.4 quadrillion ($54.5 billion) for local budgets excluding central transfers.

The construction industry in Vietnam is expected to register an annual average growth of 6.5% from 2027 to 2030, supported by the government’s efforts to develop housing, energy and transport infrastructure and the Ministry of Industry and Trade’s strategy to produce 20 million tonnes of hydrogen per year by 2050. Growth will also be supported by the Ministry of Transport target to increase expressway length from 1,900km in 2023 to 5,000km by 2030. Ho Chi Minh City’s (HCMC) urban railway plan includes eight metro lines with a total investment of VND633.9 trillion ($24.7 billion) by 2035. In another boost to the construction industry, Vietnam's Eight Power Development Master Plan 2021-30 (PDP8) aims to increase the share of renewable energy in the total power supply from 25.3% in 2020 to 28-36% of the energy mix by 2030

The Construction in Vietnam - Key Trends and Opportunities to 2030 (Q1 2026) 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.

Report 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 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), 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: the analyst Construction Market Definitions
Table 20: the analyst 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, Manufacturing Value Add, 2010 Constant Prices (VND Billion)
Figure 18: Vietnam, Exports of Goods ($ Billion)
Figure 19: Vietnam, Industrial Production Index, % Change YoY (2015=100)
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)

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The Construction in Vietnam - Key Trends and Opportunities to 2030 (Q1 2026) report provides detailed market analysis, information, and insights into Vietnam's construction industry, including:

Report 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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