Construction in Vietnam - Key Trends and Opportunities to 2025 (Q3 2021)

Construction in Vietnam - Key Trends and Opportunities to 2025 (Q3 2021)

Summary

Vietnams construction industry continues to outperform its regional peers in South-East Asia, registering growth of 6.8% in real terms in 2020. GlobalData expects the construction industry to record real growth of 10.8% in 2021, supported by investments in transport and energy infrastructure. According to the General Statistics Office (GSO), the construction industrys value-add continues to gain momentum, following a slowdown in the first half of 2020, growing by an estimated 14.5% year on year (YoY) in the first half of 2021. However, a surge of new Coronavirus (COVID-19) cases in recent weeks may precipitate a further downturn, if the government imposes stricter lockdown measures.

In June 2020, the national assembly of Vietnam ratified a law on public-private partnerships (PPP), consolidating existing legal frameworks and developing Vietnams approach to foreign investment. Being in effect since January 2021, the law makes significant progress in simplifying the existing legislative apparatus that international financiers face when investing in Vietnamese PPP projects. This clearer approach to the architecture is hoped to attract higher levels of foreign investment, supporting the construction industrys output over the forecast period.

In March 2021, the Ministry of Industry and Trade (MoIT) released a draft power development plan outlining a VND7.6 quadrillion (US$320.6 billion) investment capital requirement for the development of the power network between 2021 and 2045. Of the total, VND3 quadrillion (US$128.3 billion) will be invested between 2021-2030, which includes VND2.3 quadrillion (US$95.4 billion) for generation and VND777.2 trillion (US$32.9 billion) for the grid. With this, the total installed capacity of electricity sources is expected to reach 137.2GW by 2030 and 276.7GW by 2045. Furthermore, in April 2021, the Ministry of Transport proposed a VND1,000-1,500 trillion (US$42.3-63.5 billion) spending plan, with three different proposals towards renovating road, rail, inland waterway, sea and air transport infrastructure during the period of 2021-2030.

GlobalDatas Construction in Vietnam - Key Trends and Opportunities to 2025 (Q3 2021) report provides detailed market analysis, information and insights into Vietnams construction industry, including -
- Vietnams construction industrys 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 Vietnams 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 (2016-2020) and forecast (2021-2025) 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 GlobalDatas 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 GlobalDatas critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
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 COVID-19 Status
3.5 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
7.4 GlobalData Construction
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List Of Tables

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), 2016-2025
Table 4: Vietnam, Top Commercial Construction Projects by Value
Table 5: Vietnam, Industrial Construction Output by Project Type (Real % Change), 2016-2025
Table 6: Vietnam, Top Industrial Construction Projects by Value
Table 7: Vietnam, Infrastructure Construction Output by Project Type (Real % Change), 2016-2025
Table 8: Vietnam, Top Infrastructure Construction Projects by Value
Table 9: Vietnam, Energy and Utilities Construction Output by Project Type (Real % Change), 2016-2025
Table 10: Vietnam, Top Energy and Utilities Construction Projects by Value
Table 11: Vietnam, Institutional Construction Output by Project Type (Real % Change), 2016-2025
Table 12: Vietnam, Top Institutional Construction Projects by Value
Table 13: Vietnam, Residential Construction Output by Project Type (Real % Change), 2016-2025
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: GlobalData Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions

List Of Figures

List of Figures
Figure 1: South and South-East Asia, Construction Output (Real % Change), 2020 and 2021
Figure 2: Vietnam, Construction Projects Pipeline by Sector (US$ Billion)
Figure 3: Vietnam, COVID-19 Confirmed Cases
Figure 4: Vietnam, Risk Summary
Figure 5: Vietnam, Risk Regional Comparison
Figure 6: Vietnam, Construction Output Value (Real, US$ Billion, 2017 Prices and Exchange Rate), 2016-2025
Figure 7: Vietnam, Construction Output Value, by Sector (Real, US$ Million), 2016-2025
Figure 8: Vietnam, Construction Value Add, % Change YoY (At 2010 Constant Prices)
Figure 9: Vietnam, Total Credit Outstanding to Construction Sector (VND Trillion)
Figure 10: Vietnam, Construction Projects Momentum Index
Figure 11: South-East Asia, Construction Projects Momentum Index
Figure 12: Vietnam, Commercial Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 13: Vietnam, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 14: Vietnam, Total Retail Sales of Consumer Goods and Services (VND Trillion)
Figure 15: Vietnam, Total International visitors (In Thousands)
Figure 16: Vietnam, Industrial Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 17: Vietnam, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 18: Vietnam, Total Credit Outstanding to Industrial Sector (VND Trillion)
Figure 19: Vietnam, Manufacturing Value Add (VND Billion, 2010 Constant Price)
Figure 20: Vietnam, Preliminary Exports of Goods (US$ Billion)
Figure 21: Vietnam, Industrial Production Index, % Change Year on Year (2015=100)
Figure 22: Vietnam, Infrastructure Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 23: Vietnam, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 24: Vietnam, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 25: Vietnam, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 26: Vietnam, Institutional Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 27: Vietnam, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 28: Vietnam, Residential Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 29: Vietnam, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
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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