The Vietnam Construction Market Report is Segmented by Sector (Residential, Commercial, Infrastructure), by Construction Type (New Construction, Renovation), by Construction Method (Conventional On-Site, Modern Methods), by Investment Source (Public, Private), and by Geography (Ho Chi Minh City, Hanoi, Da Nang, Rest of Vietnam). The Market Forecasts are Provided in Terms of Value (USD).

Discover the booming Vietnamese construction market! This in-depth analysis reveals a $69.2B industry with an 8.10% CAGR, driven by infrastructure projects & urbanization. Explore key players, regional trends, and future projections for 2025-2033. Recent developments include: November 2023: COFICO and joint venture partners TVC and Searefico opportunistically attended the Taking Over Singing Ceremony of The New Betalactam Factory that Meets Global GMP Standards for the Investor – DHG Pharmaceutical Joint Stock Company. The project is located at Tan Phu Thanh Industrial Park – Phase 1, Chau Thanh A district, Hau Giang province, with a total project area of about 6 hectares. It is expected that after completion and operation in 2024, the Betalactam factory will meet global GMP standards, requiring high technical specifications in the stages of design, construction, and finishing. This project holds particular significance for the plan to develop high-quality product lines and deliver numerous qualified product lines to replace imported drugs for consumers of DHG Pharma., October 2023: Song Da Corp JSC invested in the implementation of the 500kV circuit 3 line projects (from Quang Trach, Quang Binh, to Pho Noi, Hung Yen) at the Government Headquarters. Deputy Prime Minister Tran Hong Ha requested the Ministry of Industry and Trade to strictly adhere to the specific planning and critical paths (charts) of the project's implementation progress, in accordance with the Prime Minister's direction. According to a report by Vietnam Electricity Group (EVN), the 500 kV line circuit 3 (from Quang Trach, Quang Binh, to Pho Noi, Hung Yen) includes four component projects: Quang Trach - Quynh Luu, Quynh Luu - Thanh Hoa, Nam Dinh 1 - Thanh Hoa, and Nam Dinh 1 - Pho Noi.. Key drivers for this market are: Urbanization and population growth, Government policies and Foreign Investnents. Potential restraints include: Urbanization and population growth, Government policies and Foreign Investnents. Notable trends are: Government plans to develop Infrastructure driving the Construction Market.

In 2023, Vietnam's construction sector accounted for a GDP value of over ****** trillion Vietnamese dong, equivalent to **** percent of the country's total GDP. In that year, Vietnam's total GDP amounted to around **** thousand trillion Vietnamese dong.

Vietnam Construction Market size was valued at USD 68.57 Billion in 2024 and is projected to reach USD 137.64 Billion by 2032, growing at a CAGR of 9.10% during the forecast period 2026-2032.Vietnam Construction Market DriversGovernment Investments in Infrastructure Development: Vietnam's government has prioritized infrastructure development as a core pillar of economic growth. The Vietnam Socio-Economic Development Plan (SEDP) emphasizes the expansion of transportation networks, industrial zones, and smart cities.Rapid Urbanization and Population Growth: Vietnam's urbanization rate exceeds 40%, with projections indicating further growth. Major cities like Ho Chi Minh City, Hanoi, and Da Nang are expanding rapidlyStrong Foreign Direct Investment (FDI): Vietnam has become a magnet for FDI, particularly in the manufacturing and real estate sectors. The country’s strategic location, stable political environment, and trade agreements like the CPTPP and EVFTA attract global investors.

After registering growth of 6.8% in 2020, the Vietnamese construction sector is expected to grow by 8.2% this year, supported by investments in transport and energy infrastructure. According to the General Statistics Office (GSO), the construction industry’s value-add continues to gain momentum following a slowdown in the first half of 2020, growing by an estimated 8% year on year (YoY) in the first quarter 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. Read More

Vietnam Construction Chemicals Market was valued at USD 1.2 Billion in 2024 and is projected to reach USD 2.8 Billion by 2032, growing at a CAGR of 11.2% from 2026 to 2032.ey Market Drivers: Accelerating Urbanization and Infrastructure Development: According to Vietnam's Ministry of Construction, urban population growth has increasing from 34% in 2015 to 41% in 2023, with a projected 50% by 2030. The government has set aside USD 120 billion for infrastructure development (2021-2025), which includes 5,000 kilometers of expressways. The Vietnam Public Investment Development Agency reports a 34% rise in public infrastructure spending (2020-2023), with over 3,800 active building projects contributing to a 28% yearly increase in concrete admixture usage.Booming Real Estate and Residential Construction: According to the General Statistics Office, real estate will account for 7.62% of Vietnam's GDP in 2023, with a 9.8% growth rate. The Ministry of Construction reported roughly 225,000 new dwelling units in 2023, representing a 15% increase over the previous year. The Ho Chi Minh City Real Estate Association reports that high-rise residential structures have expanded by 42% since 2020, while the consumption of waterproofing chemicals has climbed by 36% per year (2021-2023).

The Vietnam Construction Chemicals Market Report is Segmented by Product (Adhesives, Anchors and Grouts, Concrete Admixtures, Concrete Protective Coatings, Flooring Resins, Repair and Rehabilitation Chemicals, Sealants, Surface-Treatment Chemicals, Waterproofing Solutions) and End-User Sector (Commercial, Industrial and Institutional, Infrastructure, Residential). The Market Forecasts are Provided in Terms of Value (USD).

In 2023, the value of the investment in the construction sector amounted to over ****** trillion Vietnamese dong in Vietnam. Construction is among the leading contributors of GDP in Vietnam, as well as one of the industries employing the most people in the country.

Vietnam Data Center Construction Market Report Segments the Industry Into Infrastructure (By Electrical Infrastructure, by Mechanical Infrastructure, General Construction), by Tier Type (Tier 1 and 2, Tier 3, Tier 4), by Data Center Type (Colocation, Self-Built Hyperscalers (CSPs) and More). The Market Sizes and Forecasts are Provided in Terms of Value (USD Million) for all the Above Segments.

Vietnam AMI: SE: Ho Chi Minh City: Male: Industry & Construction data was reported at 9,557.000 VND th in Dec 2023. This records a decrease from the previous number of 9,589.000 VND th for Sep 2023. Vietnam AMI: SE: Ho Chi Minh City: Male: Industry & Construction data is updated quarterly, averaging 6,928.500 VND th from Mar 2011 (Median) to Dec 2023, with 52 observations. The data reached an all-time high of 9,589.000 VND th in Sep 2023 and a record low of 3,931.500 VND th in Jun 2011. Vietnam AMI: SE: Ho Chi Minh City: Male: Industry & Construction data remains active status in CEIC and is reported by General Statistics Office. The data is categorized under Global Database’s Vietnam – Table VN.G056: Average Monthly Income: Wage Workers: By Industrial Sector: By Provinces: Quarterly.

The Vietnam infrastructure market, valued at $18.33 billion in 2025, is projected to experience robust growth, driven by significant government investment in transportation, energy, and social infrastructure. A Compound Annual Growth Rate (CAGR) of 7.00% from 2025 to 2033 indicates a substantial expansion of the market, reaching an estimated value exceeding $35 billion by 2033. Key drivers include rapid urbanization, industrialization, and the government's commitment to improving connectivity and living standards. This growth is fueled by investments in large-scale projects such as expressways, railways, power plants, and new industrial parks. The transportation infrastructure segment, encompassing railways, roadways, airports, and waterways, is anticipated to be a major contributor to this growth, driven by increased trade and tourism. Similarly, the social infrastructure sector, including schools, hospitals, and defense projects, will see expansion reflecting the government’s focus on human development and national security. While challenges exist, such as land acquisition complexities and potential supply chain disruptions, the overall market outlook remains positive, with considerable opportunities for both domestic and international players. The leading companies, including Central Power Corporation, Coteccons, and Hoa Binh Construction, are well-positioned to capitalize on this expansion. The segmentation of the market reveals considerable opportunities across various infrastructure types. The manufacturing infrastructure segment, encompassing metal and ore production, petroleum refining, and chemical manufacturing, will benefit from industrial expansion and diversification. The power generation and distribution sub-segment within extraction infrastructure will witness considerable investment to meet rising energy demands. The strong growth forecast is supported by Vietnam's stable political environment, its strategic location in Southeast Asia, and its participation in numerous regional and global trade agreements. However, sustainable development practices and environmentally friendly infrastructure development will play a crucial role in shaping the long-term trajectory of the market, ensuring responsible and balanced growth. Recent developments include: June 2023: Coteccons, one of Vietnam's leading construction firms, has inked a three-year memorandum of understanding with Microsoft Vietnam to accelerate its construction sector innovation and value chain by using the potential of artificial intelligence and cloud technologies. The design of cloud reference architecture for contemporary infrastructure and platforms as a service will then be used to unleash the benefits of cloud computing, such as scalability, cost-effectiveness, and greater agility., March 2023: Xuan Thien Group has secured permission for the construction of a USD 1.25bn, 10Mt/yr cement plant in Hoa Binh Province. Việt Nam News has reported that the plant will occupy a 48-hectare site in Lac Thuy District. Construction will also involve the clearance of 48 hectares of jungle. Xuan Thien Group is currently also engaged in the construction of a lime plant and solar panel assembly plant in the district.. Key drivers for this market are: Increase in FDI in Vietnam boosting the market, Government has focused on developing infrastructure to underpin socio-economic development strategies. Potential restraints include: Increase in FDI in Vietnam boosting the market, Government has focused on developing infrastructure to underpin socio-economic development strategies. Notable trends are: Foreign Direct Investment (FDI) Boosting the Vietnam Market.

Discover the booming Vietnamese prefabricated building market! This in-depth analysis reveals a $4.89 billion market in 2025, growing at a 4% CAGR. Explore key drivers, trends, and leading companies shaping this dynamic sector. Learn about market segmentation and future growth projections. Key drivers for this market are: Demand for New Dwellings Units, Government Initiatives are driving the market. Potential restraints include: Supply Chain Disruptions, Lack of Skilled Labour. Notable trends are: Government Policies Boosting the Market.

The revenue in the construction of buildings segment of the construction market in Vietnam was forecast to continuously decrease between 2023 and 2024 by in total *** billion U.S. dollars (-**** percent). The revenue is estimated to amount to **** billion U.S. dollars in 2024.

Access expert Vietnam Construction Market research covering growth intelligence and industry trends. Syndicated reports for strategic decision-making and business intelligence.

In Vietnam Construction Materials Market, As the demand for sustainable and high-performance construction solutions increases, the industry is witnessing significant shifts toward eco-friendly materials, digitalization in material production, and the integration of smart construction techniques.

Vietnam construction equipment market size reached USD 1,000.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,578.1 Million by 2033, exhibiting a growth rate (CAGR) of 5.2% during 2025-2033. The rising number of new infrastructures, along with the upgrade of existing structures to accommodate the expanding population and their needs, is primarily driving the market growth.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on equipment type and end user.

Discover the booming Vietnam Construction Chemicals Market! This comprehensive analysis reveals key trends, market size projections (2025-2033), leading players (Sika, Saint-Gobain, etc.), and growth drivers. Explore segmentations, including adhesives, concrete admixtures, and waterproofing solutions. Learn how infrastructure development and urbanization are shaping this dynamic market. Recent developments include: May 2023: Sika, a global leader in construction chemicals, acquired the MBCC Group, including its waterproofing solutions, anchors & grouts, flooring resins, repair & rehabilitation chemicals, and other businesses, with the exception of its concrete admixture operations in Europe, North America, Australia, and New Zealand.February 2023: Master Builders Solutions, an MBCC Group brand, inaugurated a new offshore grout production plant in Taichung, Taiwan, in order to meet the ongoing demand of the offshore wind turbine market.November 2022: Saint-Gobain's subsidiary, Chryso, introduced CHRYSO Dem Aqua 800, a vegetable oil emulsion-based mold release agent for different concrete applications to provide excellent surface finish quality, mold protection, HSE profile, and optimized consumption.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

The Vietnam aluminum industry presents a compelling investment opportunity, exhibiting robust growth potential. With a market size of $4.12 billion in 2025 and a Compound Annual Growth Rate (CAGR) exceeding 10%, the sector is projected to experience significant expansion through 2033. This growth is fueled by several key drivers. Firstly, Vietnam's burgeoning construction and infrastructure development, driven by rapid urbanization and industrialization, creates substantial demand for aluminum in building materials, transportation, and packaging. Secondly, the increasing adoption of lightweight materials in the automotive and electronics sectors further bolsters demand. Government initiatives promoting sustainable development also play a crucial role, with aluminum's recyclability making it an attractive material in alignment with environmental goals. While challenges like fluctuating raw material prices and global economic uncertainty exist, the overall positive trajectory of the Vietnamese economy and its strategic location within a rapidly growing Asian market mitigates these risks. The competitive landscape includes both domestic and international players, such as Kobe Steel Ltd, GARMCO, and Alcoa Corporation, each vying for market share. This dynamic environment fosters innovation and efficiency within the industry, ensuring continuous improvement and sustained growth. The projected market size for 2033 can be estimated using the CAGR and 2025 market size, indicating a substantial increase in value by the end of the forecast period. Further segmentation data, while currently unavailable, would provide more granular insights into specific market niches and their respective growth rates. The competitive landscape within the Vietnamese aluminum industry is characterized by a mix of global giants and domestic players. This blend facilitates knowledge transfer and technological advancement, while simultaneously fostering healthy competition. While specific regional breakdowns are absent from the provided data, it's reasonable to assume that growth is concentrated in key urban and industrial centers, reflecting the demand drivers mentioned above. Ongoing research and development efforts focused on improving aluminum alloys and manufacturing processes will continue to shape the industry's trajectory. A deeper dive into the regulatory environment and potential policy changes impacting the industry would offer further clarity on the long-term outlook. Continued monitoring of global economic trends and raw material prices will be vital in refining future market projections and understanding the industry's overall performance. Key drivers for this market are: Substitution of Stainless Steel with Aluminum by Automotive Companies, Growing Construction and Infrastructure Activities in the Country; Other Drivers. Potential restraints include: Unfavorable Conditions Arising Due to the COVID-19 Outbreak, Other Restraints. Notable trends are: Growth in Demand from the Building and Construction Industry is Driving the Market.

This statistic shows the revenue of the industry “construction“ in Vietnam by segment from 2012 to 2018, with a forecast to 2024. It is projected that the revenue of construction in Vietnam will amount to approximately **** billion U.S. Dollars by 2024.

In 2022, on average, a paid employee working in the construction sector in Vietnam earned around **** million Vietnamese dong monthly. Male employees had a higher average monthly salary compared to female counterparts that year.