Vietnam Construction Industry Report 2022: Market Expected to Grow 10.4% in Real Terms in 2022, Before Registering Average Annual Growth of 8% from 2023 to 2026 – ResearchAndMarkets.com


DUBLIN – (BUSINESS WIRE)–The report “Vietnam Construction Market Size, Trends and Forecast by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026” has been added to from ResearchAndMarkets.com offer.

Vietnam’s construction industry recorded marginal growth of 0.6 percent in real terms last year, following an annual growth of 6.8 percent in 2020.

This slowdown in growth is attributed to the imposition of strict lockdowns in Vietnam’s largest cities and provinces. As a result, the industry recorded a sharp contraction in the third quarter of 2021, following strong growth in the first half of last year. The easing of lockdown restrictions since late September 2021 helped the industry return to growth in the final quarter of last year.

The editor expects the construction industry in Vietnam to grow by 10.4% in real terms this year, before registering an average annual growth of 8% from 2023 to 2026. The production of the industry over the forecast period will be supported by the government’s focus on infrastructure investment. to revive the pandemic-hit economy, coupled with an increase in foreign direct investment (FDI).

The 2022 state budget includes an allocation of VND526.1 trillion ($23.1 billion) for investment and development spending this year – a 10.2% growth from the allocation of VND477.3 trillion ($22.7 billion) in 2021. In addition, the government approved a VND341.2 trillion ($15.2 billion) Recovery Plan in January 2022. It includes an allocation of approximately VND176 trillion ($7.8 billion) in infrastructure spending in 2022 and 2023.

Industry growth over the forecast period will also be supported by investments in transportation, power, housing and manufacturing projects. As part of its transport infrastructure spending plan of between VND 973.8-1,472 trillion ($43-65 billion), the government plans to build and renovate road, rail, river transport infrastructure , sea and air transport existing between 2021 and 2030.

In addition, the government plans to attract VND524.2 trillion ($23 billion) in official development assistance (ODA) and concessional loans from foreign investors during the period 2021-2025. Of the total, it plans to borrow VND68.4 trillion ($3 billion) in ODA in 2022.

Scope

  • Historical (2017-2021) and forecast (2022-2026) assessments of the construction sector in Vietnam, with details on the main growth drivers

  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector

  • Megaproject pipeline analysis, including development stage breakdowns across all sectors, and projected spending for projects in the existing pipeline

  • Lists of major projects, plus details of major contractors and consultants

Main topics covered:

1. Summary

2 Construction industry: At a glance

3 Background

3.1 Economic performance

3.2 Political environment and politics

3.3 Demographics

3.4 Covid-19 status

3.5 Risk Profile

4 Construction prospects

4.1 All Buildings

4.2 Commercial construction

  • Outlook

  • Project Analysis

  • Latest news and developments

4.3 Industrial construction

  • Outlook

  • Project Analysis

  • Latest news and developments

4.4 Infrastructure construction

  • Outlook

  • Project Analysis

  • Latest news and developments

4.5 Energy and Utilities Construction

  • Outlook

  • Project Analysis

  • Latest news and developments

4.6 Institution building

  • Outlook

  • Project Analysis

  • Latest news and developments

4.7 Residential construction

  • Outlook

  • Project Analysis

  • 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/lcvw8r

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