Vietnamese Construction Sector Prospects Discussed in New Cutting-edge Timetric Study Available at MarketPublishers.com29 Aug 2014 • by Natalie Aster
LONDON – Vietnam’s construction sector posted over 16% CAGR during 2009-2013. However, the growth in the industry slowed from under 20% in 2011 to 7% in 2013 due to the declining property market, non-performing loans in the national banking system, and the sluggishness in the domestic real estate sector. In spite of these factors, the industry outlook is optimistic, supported mainly by the government’s increased interest in residential and industrial construction projects, in tandem with the expansion in the tourism and retailing sectors as well as investments in various infrastructure projects.
The residential construction sector accounted for more than 50% of the in the Vietnamese construction industry’s total value industry as of 2013. The market recorded over 21% CAGR during the review period and was worth an excess of USD 18 billion by the end of 2013. Aimed at reducing real-estate inventories accumulated during the worldwide financial meltdown and driving up the demand in the residential sector, the government is embark on several undertakings, like an economic stimulus package and relaxing laws with respect to foreign companies investing in the residential property market. Government’s funding of social housing projects is set to fuel the sector’s growth. Consequently, the market is expected to record over 13% CAGR to value around USD 29 billion by 2018.
New market research study “Construction in Vietnam – Key Trends and Opportunities to 2018” elaborated by Timetric provides granular insights into Vietnam’s construction industry, along with an all-round analysis of the main factors driving the sector and the growth opportunities emerging in this lucrative market space.
The report provides historical and forecast valuations of the Vietnamese construction industry; market segmentation based on sector and project type; breakdown of values within each kind of project by type of activity and by type of costs (material, equipment and service). It examines major themes pertaining to the industry, including cost management, regulatory landscape, pricing and funding issues. The research publication contains detailed overviews of the leading construction firms operating in Vietnam, along with the overall competitive landscape assessment – essential knowledge for gaining the upper hand over the rivals. The study takes a penetrative look at the impact that various trends and issues are having on the industry, in tandem with the major risks and opportunities they are bringing.
Construction in Vietnam – Key Trends and Opportunities to 2018
Published: August, 2014
Price: US$ 1,950.00
More new studies by the publisher can be found at Timetric page.