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

DUBLIN–()–The “Vietnam Construction Market Size, Trends and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026” report has been added to ResearchAndMarkets.com’s offering.

The Vietnamese construction industry registered a marginal growth of 0.6% in real terms last year, following an annual growth of 6.8% 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 registered a sharp contraction in Q3 2021, following a strong growth in the first half of last year. The relaxation of lockdown restrictions since late September 2021 supported the industry to return to growth in the final quarter of last year.
The publisher expects the construction industry in Vietnam to expand by 10.4% in real terms this year, before registering an annual average growth of 8% from 2023 to 2026. The industry’s output over the forecast period will be supported by the government’s focus on infrastructure investment to revive the pandemic-hit economy, coupled with rising Foreign Direct Investment (FDI).
The state’s 2022 Budget includes an allocation of VND526.1 trillion ($23.1 billion) on investment and development expenditure this year -a 10.2% growth compared to the allocation of VND477.3 trillion ($22.7 billion) in 2021. Moreover, the government approved a VND341.2 trillion ($15.2 billion) stimulus package in January 2022. It includes an allocation of approximately VND176 trillion ($7.8 billion) in infrastructure spending in 2022 and 2023.
Forecast-period growth in the industry will also be supported by investment on transport, electricity, housing, and manufacturing projects. As part of its transport infrastructure spending plan of between VND973.8 and 1,472 trillion ($43-65 billion), the government plans to construct and renovate existing road, rail, inland water, sea, and air transport infrastructure between 2021 and 2030.
Additionally, the government plans to attract VND524.2 trillion ($23 billion) in Official Development Assistance (ODA) and concessional loans from foreign investors during the 2021-2025 period. Of the total, it plans to borrow VND68.4 trillion ($3 billion)-worth of ODA in 2022.
Scope
Key Topics Covered:
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 COVID-19 Status
3.5 Risk Profile
4 Construction Outlook
4.1 All Construction
4.2 Commercial Construction
4.3 Industrial Construction
4.4 Infrastructure Construction
4.5 Energy and Utilities Construction
4.6 Institutional Construction
4.7 Residential Construction
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
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
[email protected]

For E.S.T Office Hours Call 1-917-300-0470
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ResearchAndMarkets.com
Laura Wood, Senior Press Manager
[email protected]

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

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