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.

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.

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.

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.

The size of the Vietnam Data Center Construction market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 8.84% during the forecast period. Recent developments include: September 2021: Viettel jointly conducted trials with Samsung in Da Nang, in early September 2021. Viettel partnered with Ericsson and Qualcomm to test and achieve 5G data transmission speeds over 4.7 Gbps., September 2021: VNPT upgraded its backbone and core networks, and developed 4G, 5G, and M2M/IoT platforms. It conducted commercial tests of 5G services and signed an agreement with Nokia to develop and apply new networking technologies.. Key drivers for this market are: Increased Migration to Cloud-based Business Operations, Rise of Green Data Centers; Government Support in the Form of Tax Incentives for Development of Data Centers. Potential restraints include: Higher Initial Investments and Low Availability of Resources. Notable trends are: Tier 3 is the Largest Tier Type.

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

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).

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.

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

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.

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.

The Vietnam Data Center Construction report provides a detailed analysis of emerging investment pockets, highlighting current and future market trends. It offers strategic insights into capital flows and market shifts, guiding investors toward growth opportunities in key industry segments and regions.

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 reached approximately USD 460.30 Million in 2024. The market is projected to grow at a CAGR of 5.60% between 2025 and 2034, reaching a value of around USD 793.74 Million by 2034.

The Vietnam Architectural, Engineering, and Construction (AEC) market was valued at USD 1187.47 Million in 2024. The industry is expected to grow at a CAGR of 7.10% during the forecast period of 2025-2034. The region’s push for connectivity through cross-border transport corridors and seaport upgrades is driving demand for large-scale engineering projects, enhancing trade routes and construction activity across ASEAN-linked infrastructure. In turn, all these factors have resulted in the market attaining a valuation of USD 2357.86 Million by 2034.

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 Vietnam Infrastructure Market Report is Segmented by Infrastructure (Transportation Infrastructure, Utilities Infrastructure, Social Infrastructure, Extraction Infrastructure), by Construction Type (New Construction, Renovation), 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).

Vietnam construction equipment rental market size is projected to exhibit a growth rate (CAGR) of 7.03% during 2025-2033. The ongoing technological advancements in machinery, which allow companies to access the latest and most efficient equipment without the need for a long-term investment, are driving the market.

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 solution type, equipment type, type, application, and industry.

Vietnam real estate market is estimated to rise at higher CAGR during the forecast period due to expanding infrastructure projects in the country.