Construction in Vietnam - Key Trends and Opportunities to 2023
|出版日||ページ情報||英文 53 Pages
|ベトナムの建設市場：主な動向と機会 Construction in Vietnam - Key Trends and Opportunities to 2023|
|出版日: 2019年01月30日||ページ情報: 英文 53 Pages||
Vietnam's construction industry registered a growth of 8.5% in real terms in 2018, with the industry's output value - measured at constant 2017 US dollar exchange rates - increasing from US$53.0 billion in 2017 to US$57.5 billion in 2018. This was preceded by an average annual growth of 9.3% during the preceding four years. Growth during the review period (2014-2018) was driven by positive developments in regional economic conditions and government investment in energy and transport infrastructure. The industry's output value is expected to continue to expand in real terms over the forecast period (2019-2023), with investments in infrastructure construction, tourism infrastructure and housing projects continuing to drive growth. According to the government's estimates, the country requires an investment of VND1.0 quadrillion (US$48.0 billion) until 2023 to develop its transport infrastructure.
The trade war between the US and China is also expected to divert foreign investment towards Vietnam, and cause the country to emerge as an attractive destination for the manufacturing industry, which could have a positive impact on construction industry. According to the General Statistics Office of Vietnam (GSO), the total number of licensed foreign direct investment (FDI) projects in the country grew by 17.6%, going from 2,591 in 2017 to 3,046 in 2018; this was preceded by an annual growth of 3.5% in 2017. In addition, the government's aim to improve local energy resources is expected to support investment in energy infrastructure projects, which will in turn fuel growth in the industry.
The industry's output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 7.87% over the forecast period. The industry is consequently expected to rise from a value of US$57.5 billion in 2018 to US$84.0 billion in 2023, measured at constant 2017 US dollar exchange rates. Accounting for 44.2% of the industry's total value in 2018, residential construction was the largest market in the Vietnamese construction industry during the review period. The market is expected to follow a similar trend over the forecast period, with residential construction accounting for 42.6% of the industry's total value in 2023. Infrastructure construction accounted for 22.6% of the industry's total output in 2018, followed by energy and utilities construction with 13.6%, industrial construction with 8.9%, commercial construction with 7.4% and institutional construction with 3.2%.
The report "Construction in Vietnam - Key Trends and Opportunities to 2023", report provides detailed market analysis, information and insights into the Vietnamese construction industry.
This report provides a comprehensive analysis of the construction industry in Vietnam. It provides -