Construction in Vietnam – Key Trends and Opportunities to 2018

Date: 2015-09

The Vietnamese construction industry recorded a compound annual growth rate (CAGR) of 16.12% during the review period (2009–2013). However, industry growth slowed from 19.7% in 2011 to 7.0% in 2013, due to a slump in the property market, a banking system characterized by non-performing loans (NPLs) and a sluggish real estate sector. Nevertheless, industry outlook is favorable, due to the government’s focus industrial and residential construction. Expansion in the tourism and retail sectors, coupled with investments in infrastructure projects, will support industry growth. The industry’s output is therefore expected to record a nominal CAGR of 11.43% over the forecast period (2014−2018).

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