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Construction in Vietnam-Key Trends and Opportunities to 2022

Published By :

Timetric

Published Date : Feb 2018

Category :

Construction

No. of Pages : 44 Pages

Synopsis
In real terms, the Vietnamese construction industry posted positive growth during the review period (20132017). Growth was supported by the implementation of the governments Seventh Five-year National Socio-Economic Development Plan (20112015). As part of this, the government developed various industrial, agricultural and infrastructural projects across the country during 20112015.

The industry is expected to expand over the forecast period (20182022), albeit at a slightly slower pace. The industrys expansion over this period is expected to be mainly supported by the governments efforts to improve the quality of the countrys overall infrastructure. According to the governments estimates, the country requires over VND10.5 quadrillion (US$480.0 billion) until 2020 to develop major infrastructure projects, including the construction of 1,380km of highways and 11 power plants with a total installed capacity of 13,200MW.

The industrys output value in real terms recorded a compound annual growth rate (CAGR) of 9.27% during the review period, and is expected to post a forecast-period CAGR of 8.35%.


Summary
Timetrics Construction in Vietnam Key Trends and Opportunities to 2022 report provides detailed market analysis, information and insights into the Vietnamese construction industry, including:

The Vietnamese construction industry's growth prospects by market, project type and construction activity

Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the industry

Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline


Scope
This report provides a comprehensive analysis of the construction industry in Vietnam. It provides:

Historical (2013-2017) and forecast (2018-2022) 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 Timetric'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 Timetric's critical and actionable insight

Assess business risks, including cost, regulatory and competitive pressures

Evaluate competitive risk and success factors

Key Highlights
Timetric expects the residential construction market to retain its leading position over the forecast period, with a share of 44.3% of the industrys total value in 2022. The governments effort to bridge the gap between demand and supply for affordable housing in the country is expected to support the markets growth over the forecast period. According to estimates of the Ministry of Construction, over 1.0 million affordable housing units need to be constructed in the country by 2020, in order to accommodate the rising low-income population.


The government considers public-private partnership (PPP) projects to be a vital means to promote economic growth. Accordingly, in October 2017, the Ho Chi Minh City government announced plans to implement 105 projects under the PPP model by 2020.


Timetric expects infrastructure construction market output to record a forecast-period CAGR of 14.03% in nominal terms, driven by governments effort to reduce traffic congestion on the back of expanding population in the country. In September 2017, the Airports Corporation of Vietnam (ACV) announced plans to make several large-scale investments to upgrade various existing airports in the country. Accordingly, ACV plans to invest VND12.2 trillion (US$537.1 million) to construct a new terminal and renovate existing runways and terminals in Noi Bai International Airport.


The energy and utilities sector will be supported by large-scale investments. For example, the Power Development Plan 7, which was approved in 2016, involves an estimated investment of VND3.1 quadrillion (US$143.5 billion) to develop various energy projects in the country between 2016 and 2030.


The total construction project pipeline in Vietnam as tracked by the Construction Intelligence Center (CIC), including all mega projects with a value above US$25 million, stands at VND12.3 quadrillion (US$546 billion). The pipeline, which includes all projects from pre-planning to execution, has a healthy balance, with 56% of the total value in pre-planning and planning as of January 2018.
Table of Contents
1 Executive Summary
2 Construction Outlook: At-a-glance
3 Latest News and Indicators
4 Key Drivers and Risks
4.1 Economic Performance
4.2 Political Environment
4.3 Demographics
4.4 Risk Profile
5 Construction Outlook
5.1 All Construction
5.1.1 Outlook
5.1.2 Project analytics
5.2 Commercial Construction
5.2.1 Outlook
5.2.2 Project analytics
5.3 Industrial Construction
5.3.1 Outlook
5.3.2 Project analytics
5.4 Infrastructure Construction
5.4.1 Outlook
5.4.2 Project analytics
5.5 Energy and Utilities Construction
5.5.1 Outlook
5.5.2 Project analytics
5.6 Institutional Construction
5.6.1 Outlook
5.6.2 Project analytics
5.7 Residential Construction
5.7.1 Outlook
5.7.2 Project analytics
6 Key Industry Participants
6.1 Contractors
6.2 Consultants
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 About Timetric
7.4 About CIC
7.5 Disclaimer

List of Tables
Table 1: Vietnam, Key Economic Indicators
Table 2: Vietnam, Construction Output Value (nominal, VND Billion)
Table 3: Vietnam, Construction Output Value (nominal, US$ Million)
Table 4: Vietnam, Top Commercial Construction Projects by Value
Table 5: Vietnam, Top Industrial Construction Projects by Value
Table 6: Vietnam, Top Infrastructure Construction Projects by Value
Table 7: Vietnam, Top Energy and Utilities Construction Projects by Value
Table 8: Vietnam, Top Institutional Construction Projects by Value
Table 9: Vietnam, Top Residential and Mixed-Use Construction Projects by Value
Table 10: Vietnam, Key Contractors
Table 11: Vietnam, Key Consultants
Table 12: Timetric Construction Market Definitions
Table 13: Construction Risk Index Ratings and Scores

List of Figures
Figure 1: Key Markets, Construction Output Growth and Risk Matrix
Figure 2: Vietnam, Construction Projects Pipeline by Sector (VND Trillion)
Figure 3: Vietnam, Registered Capital of Licensed FDI Projects (US$ Million)
Figure 4: Vietnam, Risk Comparison, Q4 2017
Figure 5: Vietnam, Risk Comparison Review
Figure 6: Vietnam, Construction Output Value (Real, US$ billion, 2010 prices and exchange rate)
Figure 7: Vietnam, Construction Output Value, Growth Matrix
Figure 8: Vietnam, Construction Output Value, by Sector (VND Billion), 20132022
Figure 9: Vietnam, Construction Projects Pipeline, Projected Annual Spending by Stage (VND Billion), 20172022
Figure 10: Vietnam, Construction Projects Pipeline, Value by Stage (VND Billion)
Figure 11: Vietnam, Commercial Construction Output by Project Type (VND Billion), 20132022
Figure 12: Vietnam, Commercial Construction Projects Pipeline, Value by Stage (VND Billion)
Figure 13: Vietnam, Commercial Construction Projects Pipeline, Projected Annual Spending by Stage (VND Billion)
Figure 14: Vietnam, Industrial Construction Output by Project Type (VND Billion), 20132022
Figure 15: Vietnam, Industrial Construction Projects Pipeline, Value by Stage (VND Billion)
Figure 16: Vietnam, Industrial Construction Projects Pipeline, Projected Annual Spending by Stage (VND Billion)
Figure 17: Vietnam, Infrastructure Construction Output by Project Type (VND Billion), 20132022
Figure 18: Vietnam, Infrastructure Construction Projects Pipeline, Value by Stage (VND Billion)
Figure 19: Vietnam, Infrastructure Construction Projects Pipeline, Projected Annual Spending by Stage (VND Billion)
Figure 20: Vietnam, Energy and Utilities Construction Output by Project Type (VND Billion), 20132022
Figure 21: Vietnam, Energy and Utilities Construction Projects Pipeline, Value by Stage (VND Billion)
Figure 22: Vietnam, Energy and Utilities Construction Projects Pipeline, Projected Annual Spending by Stage (VND Billion)
Figure 23: Vietnam, Institutional Construction Output by Project Type (VND Billion), 20132022
Figure 24: Vietnam, Institutional Construction Projects Pipeline, Value by Stage (VND Billion)
Figure 25: Vietnam, Institutional Construction Projects Pipeline, Projected Annual Spending by Stage (VND Billion)
Figure 26: Vietnam, Residential Construction Output by Project Type (VND Billion), 20132022
Figure 27: Vietnam, Residential Construction Projects Pipeline, Value by Stage (VND Billion)
Figure 28: Vietnam, Residential Construction Projects Pipeline, Projected Annual Spending by Stage (VND Billion)
Figure 29: Vietnam, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 30: Vietnam, Headquarters of Foreign Contractors (% of Project Pipeline with Foreign Contractor)
Figure 31: Vietnam, Headquarters of Key Consultants (% of Total Project Pipeline)
Figure 32: Vietnam, Headquarters of Foreign Consultants (% of Project Pipeline with Foreign Consultants)

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