Vietnam Construction Industry Report 2024: Government Spending on Housing, Energy, and Transportation to Alleviate the Extreme Congestion and Growing Housing Shortage - Forecasts to 2028 - ResearchAndMarkets.com

The "Vietnam Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q4 2024)" report has been added to ResearchAndMarkets.com's offering.

Vietnam's construction industry is estimated to expand by 7.2% in 2024, supported by government spending on housing, energy, and transportation infrastructure to alleviate the country's extreme congestion and growing housing shortage.

However, the growth of the construction industry will be impacted by a slowing of the residential construction sector. A tightening of credit availability, high levels of debt, rising housing inventories, and legal bottlenecks have triggered a property crisis in the country. According to the Ministry of Construction, during the first half of 2024, 110 publicly listed real estate companies have accumulated unsold inventories valued at VND481.9 trillion ($20 billion), including 17,100 unsold housing units.

However, the weakness in the residential sector is set to be offset by an improvement in infrastructure and energy and utilities construction activity. The analyst expects Vietnam's construction industry to register an annual average growth rate of 6.7% from 2025 to 2028, supported by the government's efforts to develop transport and energy infrastructure in the country.

Investment under Vietnam's draft Power Development Plan Eight (PDP VIII) for the period of 2021-30, with a vision towards 2045, will support the construction industry's output over the forecast period. Under the plan, Vietnam's onshore wind power capacity is expected to reach 21.9GW by 2030; offshore wind power for new energy production to reach 15GW by 2035 and 24GW by 2050, solar power to reach 4.1GW by 2030 and 189.3GW by 2050, and hydropower is expected to reach 29.3GW by 2030.

Scope

• Historical (2019-2023) and forecast (2024-2028) 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

Key Topics Covered:

1 Executive Summary

2 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

For more information about this report visit https://www.researchandmarkets.com/r/acmmdp

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