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Vietnam Construction Industry Research Report 2023-2032

SKU ID : CRI-23858235 | Publishing Date : 29-May-2023 | No. of pages : 60

Construction refers to the installation, maintenance and repair of buildings and other fixed structures, as well as the construction of roads and services that form an essential part of the structure and are required for its operation. Construction includes the process of constructing buildings, infrastructure and industrial facilities and related operations from start to finish. According to Researcher's analysis, the Vietnam construction market can be divided by industry into commercial construction, residential construction, industrial construction, infrastructure (transportation) construction, and energy and utilities construction.
According to Researcher's analysis, with the development of Vietnam's economy, the infrastructure construction and real estate sectors continue to grow, contributing to the growth of the construction industry.
Vietnam's construction industry output will grow by an average of 8.3% during 2018-2022 (with the largest increase of 12.9% in 2019). Vietnam's construction sector is the best performing sector in Asia Pacific. Despite losing momentum due to COVID-19, it continues to grow strongly in 2020, with construction output increasing by 6.8% year-on-year amid a 6.4% year-on-year increase in construction raw material prices. According to Researcher's analysis, in 2022, Vietnam's construction output will be VND549 trillion (about $234.15 billion at current exchange rates), up 8.5% year-on-year.
According to Researcher, the production value of construction industry will reach US$ 460.61 billion in 2032 and the CAGR in 2023 to 2032 is 7.0%.

Source: Researcher
According to Researcher, the construction industry in Vietnam is forecast to continue to grow from 2023-2032. Relatively cheap labor and land costs have attracted a large number of foreign investors to shift their production capacity to Vietnam, foreign trade has expanded, and the development of industrial real estate, commercial real estate and infrastructure sectors has boosted the construction industry. On the other hand, as Vietnam's economy grows, the real estate sector is also growing rapidly, contributing to the development of the construction industry.

Topics covered:
 Vietnam Construction Industry Overview
 The economic and policy environment of the construction industry in Vietnam
 What is the impact of COVID-19 on the Vietnamese construction industry?
 Vietnam construction industry market size, 2023-2032
 Analysis of major Vietnamese construction industry manufacturers
 Key Drivers and Market Opportunities in Vietnam's Construction Industry
 What are the key drivers, challenges and opportunities for the construction industry in Vietnam during the forecast period 2023-2032?
 Which companies are the key players in the Vietnamese construction industry market and what are their competitive advantages?
 What is the expected revenue of Vietnam construction industry market during the forecast period of 2023-2032?
 What are the strategies adopted by the key players in the market to increase their market share in the industry?
 Which segment of the Vietnam construction industry market is expected to dominate the market in 2032?
 What are the main negative factors facing the construction industry in Vietnam?

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