Product Code: 1750-5593
BMI View:Vietnam boasts one of the faster-growing and more promising construction industries in Asia,
supported by strong government support, surging private investment and liberal foreign ownership laws.
We forecast the industry will grow by 9.7% in real terms in 2017 and at an annual average of 7.5% over
our 10-year forecast period up to 2026.
Forecast & Industry Developments
- We have upgraded our growth forecast for Vietnam's construction industry between 2017 and 2021, on the back strong 2016 data showing robust growth and rising levels of private investment in construction. Real growth is expected to reach 9.7% in 2017 and average 8.2% annually through to 2021.
- Within the infrastructure sector, growth will be driven by government-led investment into road, rail, power and water projects. Driving momentum in these subsectors are growing constraints on existing infrastructure facilities, which are struggling to cope with rising trade flows, urbanisation growth and climate change-linked flooding in low-lying regions.
- Rapid growth in the residential and non-residential construction sectors will be driven by surging levels of private and foreign investment in residential and commercial building. Industrial construction will also receive a boost from Vietnam's favourable operating and labour costs.
- Reforms to the government's development assistance programme, aimed at improving transparency, eliminating corruption and capping public debt, will help to create improved transparency in the construction sector, even as the more stringent bureaucratic processes extend project implementation timelines.
Table of Contents
BMI Industry View
- Forecast & Industry Developments
- Table: Five-Year Forecast Scenario (Vietnam 2017-2021)
- Table: Infrastructure Risk/Reward Index (Vietnam 2017)
SWOT
Industry Forecast
- Construction And Infrastructure Forecast Scenario
- Latest Updates
- Table: Vietnam - Construction and Infrastructure Industry Forecasts
- Structural Trends
- Transport Infrastructure - Outlook And Overview
- Table: Vietnam - Transport Infrastructure Industry Forecasts
- Structural Trends
- Table: Vietnam - Major Transport Infrastructure Projects by Value
- Energy And Utilities Infrastructure - Outlook And Overview
- Table: Vietnam - Energy & Utilities Infrastructure Forecasts
- Structural Trends
- Table: Vietnam - Major Energy & Utilities Projects By Value
- Residential/Non-Residential Building - Outlook And Overview
- Table: Vietnam - Residential and Non-Residential Building Industry Forecasts
- Structural Trends
- Table: Construction & Social Infrastructure
Industry Risk Reward Ratings
Market Overview
- Competitive Landscape - Vietnam - Q2 2017
- Table: Vietnam - Financial Data for Major Infrastructure Companies
Company Profile
- Electricity Vietnam Group
- Coteccons
- Vinaconex
Methodology
- Infrastructure Forecast Methodology
- Industry Forecast Methodology
- Sector-Specific Methodology
- Infrastructure Risk/Reward Index
