DUBLIN--(BUSINESS WIRE)--The "Construction in Vietnam - Key Trends and Opportunities to 2025 (Q4 2021)" report has been added to ResearchAndMarkets.com's offering.
Growth of Vietnam's construction industry is expected to deaccelerate in 2021, due to the recent surge of new Coronavirus (COVID-19) cases which pose a significant downside risk for industry growth this year. the publisher expects the construction industry to record real growth of 1.8% in 2021, a downwards revision from our previous estimate of 10.8% growth.
This revision is due to the sharp contraction of construction activity in Q3 2021, with construction value add falling by 20.6% year on year (YoY) due to the imposition of a sudden, strict lockdown by the Vietnamese government. According to the General Statistics Office (GSO), the construction industry's value add contracted by 0.6% YoY in the first nine months of 2021.
In order to revive the economy and drive growth, the government allocated VND792.7 trillion (US$35 billion) to its economic recovery plan for the 2022-2023 period. Through this plan, the government will promote infrastructure development with an investment of VND220 trillion (US$9.7 billion). Moreover, through its 2022 budget, the government will focus on bolstering the economic recovery and progressing post-pandemic reforms. The 2022 Budget will also prioritize public healthcare, digital infrastructure, economic resilience and socioeconomic reforms.
the publisher expects Vietnam's construction industry to register a real average annual growth of 8.5% between 2022 and 2025, supported by ongoing construction works on the considerable pipelines of public infrastructure projects. As part of its transport infrastructure spending plan of between VND973.8 and 1,472 trillion (US$43-65 billion), the government plans to construct and renovate existing road, rail, inland water, sea and air transport infrastructure between 2021-2030.
Scope
- Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in Vietnam, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
- Identify and evaluate market opportunities using the publisher's standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using the publisher's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
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
- Outlook
- Latest news and developments
- Construction Projects Momentum Index
4.2 Commercial Construction
- Outlook
- Project analytics
- Latest news and developments
4.3 Industrial Construction
- Outlook
- Project analytics
- Latest news and developments
4.4 Infrastructure Construction
- Outlook
- Project analytics
- Latest news and developments
4.5 Energy and Utilities Construction
- Outlook
- Project analytics
- Latest news and developments
4.6 Institutional Construction
- Outlook
- Project analytics
- Latest news and developments
4.7 Residential Construction
- Outlook
- Project analytics
- 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/v065u8
