Vietnam Structural Steel Fabrication Market Report and Forecast 2025-2034

The Vietnam structural steel fabrication market reached approximately USD 2.67 Billion in 2024. The market is projected to grow at a CAGR of 7.80% between 2025 and 2034, reaching a value of around USD 5.66 Billion by 2034.

Vietnam Structural Steel Fabrication Market Growth

The demand for structural steel has been greatly influenced by the ongoing infrastructural projects in the country. Vietnam has emerged as a key player in Asia, allocating 5.7% of its GDP towards infrastructure development. Public investment in infrastructure has been a major driver of Vietnam's economic growth in recent years. The country has already completed 1,729 km of expressways and aims to increase this to 3,000 km by 2025. Additionally, Vietnam's Information and Communication Infrastructure Master Plan focuses on high-speed internet, green data centres, specialised IT parks, and comprehensive cybersecurity measures to establish itself as a leading hub for network security in Asia by 2030.

Vietnam's continuous industrialisation plays a crucial role in boosting the market expansion. The growth of manufacturing and industrial sectors necessitates large quantities of structural steel for building and enhancing infrastructure. The steady economic progress has led to higher investments in infrastructure ventures such as transportation systems, bridges, and commercial structures, all of which rely heavily on structural steel.

Fabricated steel structures are known for their durability and strength, making them a popular choice for a wide range of applications, including commercial buildings, industrial facilities, warehouses, and even residential homes. The versatility of fabricated steel structures allows for customisation and flexibility in design, making them a preferred choice for architects and builders looking to create unique and innovative structures.

Vietnam Structural Steel Industry Segmentation

“Vietnam Structural Steel Fabrication Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

• Light Sectional Steel
• Heavy Sectional Steel
• Others

Market Breakup by End Use

• Power and Energy
• Construction
• Oil and Gas
• Manufacturing
• Others

Market Breakup by Region

• Southeast
• Red River Delta
• Mekong River Delta
• South Central Coast
• Others

Vietnam Structural Steel Fabrication Market Share

Based on end use, the market is segmented into construction, oil and gas, manufacturing, and power and energy, among others. The construction sector is projected to grow at a CAGR of 8.4% between 2025-2034. The construction sector makes extensive use of structural steel fabrication as it facilitates strength, resilience, adaptability, and affordability. Because of its strength-to-weight ratio, structural steel is frequently used in the construction of skyscrapers and other tall buildings.

Leading Companies in the Vietnam Structural Steel Fabrication Market

The market players are focusing on the production of green steel to promote sustainability and gain a competitive edge in the market.

• Zamil Steel Buildings Vietnam Co., Ltd.
• PEB Steel Buildings Co., Ltd.
• ATAD Steel Structure corp.
• Universal Vietnam Steel Buildings Co., Ltd.
• Tri Viet Steel Buildings Co., Ltd.
• Kirby Southeast Asia Co. Ltd.
• Metalic Vietnam Co. Ltd.
• PMB Steel
• Dai Dung Metallic Manufacture Construction and Trade Corporation
• Others

Vietnam Structural Steel Fabrication Market Report Snapshots

Vietnam Structural Steel Fabrication Market Size

Vietnam Structural Steel Fabrication Market Growth

Vietnam Structural Steel Fabrication Market Share

Vietnam Structural Steel Fabrication Companies