Construction and Installation Comprehensive Report Q2/2018
VIETNAM CONSTRUCTION AND INSTALLATION INDUSTRY
Central America and Asia are the two regions with the highest proportion of investment capital for construction of transport infrastructure in 2017. North America and Africa are the two regions having the highest investment rate for energy construction accounting for 39% and 44%, respectively, of total investment capital for the construction and installation industry in each region.
In 2017, excavators continued to be the most imported construction machines, accounting for 89% of the total number of construction machines imported. Followed by roller with 6.3% and bulldozers with 4.7%. With the development of the economy, the requirements of improving the quality of infrastructure, the number of enterprises operating in Vietnam construction and installation industry has also continuously increased over years. This figure in 2016 was 12,994 enterprises, up 19.7% compared to 2015, in the period 2010-2016, this figure reached the double growth rate CAGR of 16.44%. Besides that, the number of labors in this industry also goes up, with 218,655 people in 2016, up 24.3% compared to 2015, reaching the double growth rate CAGR of 14.57%. The Red River Delta and the South East are the two regions having the fastest rate in growing companies in the construction industry.
The total investment capital in Vietnam construction and installation in 2016 reached xxx,xxx billion dong, an increase of 2.4% over 2015. In the past years, the capital invested for the construction and installation industry increased consecutively through each year. The total revenue of this sector in 2016 was xxx,xxx billion dong, up 32.14% compared to 2015. The industry value has continued to grow steadily over the past years.
In 2016, the industry value was estimated at xxx,xxx billion dong, an increase of 10.4% compared to 2015. In 2016, the top enterprises of this industry had the impressive growth rate. It is forecast that in the coming years, construction and installation industry will continue to grow steadily, the period 2017-2025 is forecast to reach double growth rate CAGR of 4.3%.
Central America and Asia are the two regions with the highest proportion of investment capital for construction of transport infrastructure in 2017. North America and Africa are the two regions having the highest investment rate for energy construction accounting for 39% and 44%, respectively, of total investment capital for the construction and installation industry in each region.
In 2017, excavators continued to be the most imported construction machines, accounting for 89% of the total number of construction machines imported. Followed by roller with 6.3% and bulldozers with 4.7%. With the development of the economy, the requirements of improving the quality of infrastructure, the number of enterprises operating in Vietnam construction and installation industry has also continuously increased over years. This figure in 2016 was 12,994 enterprises, up 19.7% compared to 2015, in the period 2010-2016, this figure reached the double growth rate CAGR of 16.44%. Besides that, the number of labors in this industry also goes up, with 218,655 people in 2016, up 24.3% compared to 2015, reaching the double growth rate CAGR of 14.57%. The Red River Delta and the South East are the two regions having the fastest rate in growing companies in the construction industry.
The total investment capital in Vietnam construction and installation in 2016 reached xxx,xxx billion dong, an increase of 2.4% over 2015. In the past years, the capital invested for the construction and installation industry increased consecutively through each year. The total revenue of this sector in 2016 was xxx,xxx billion dong, up 32.14% compared to 2015. The industry value has continued to grow steadily over the past years.
In 2016, the industry value was estimated at xxx,xxx billion dong, an increase of 10.4% compared to 2015. In 2016, the top enterprises of this industry had the impressive growth rate. It is forecast that in the coming years, construction and installation industry will continue to grow steadily, the period 2017-2025 is forecast to reach double growth rate CAGR of 4.3%.
1. BUSINESS ENVIRONMENT
1.1 Macroeconomic situation
1.2 Legal framework
1.3 Impact of trade agreements
2. GLOBAL MARKET
3. VIETNAM MARKET
3.1 Definition and classification
3.2 Value chain of the industry
3.3 Technology
3.3.1 Technology in Electrical installation
3.3.2 Technology in construction and installation of water supply and drainage systems
3.4 Market size and characteristics of Vietnam construction and installation market
3.5 Input factors
3.6 Outputs
3.6.1 Electrical installation
3.6.2 Construction and installation of water supply and drainage system
3.6.3 Installation of heating and air-conditioning systems
3.6.4 Finishing construction works
3.6.5 Other dedicated construction
4. INDUSTRY RISK
4.1 Risk analysis
4.2 SWOT analysis
5. OUTLOOK AND FORECAST
5.1 Driving forces of industry development
5.2 Industry planning and outlook
5.3 Forecast
6. ENTERPRISE ANALYSIS
6.1 Enterprise introduction
6.2 Financial analysis
7. APPENDIX OF FINANCIAL STATEMENTS
1.1 Macroeconomic situation
1.2 Legal framework
1.3 Impact of trade agreements
2. GLOBAL MARKET
3. VIETNAM MARKET
3.1 Definition and classification
3.2 Value chain of the industry
3.3 Technology
3.3.1 Technology in Electrical installation
3.3.2 Technology in construction and installation of water supply and drainage systems
3.4 Market size and characteristics of Vietnam construction and installation market
3.5 Input factors
3.6 Outputs
3.6.1 Electrical installation
3.6.2 Construction and installation of water supply and drainage system
3.6.3 Installation of heating and air-conditioning systems
3.6.4 Finishing construction works
3.6.5 Other dedicated construction
4. INDUSTRY RISK
4.1 Risk analysis
4.2 SWOT analysis
5. OUTLOOK AND FORECAST
5.1 Driving forces of industry development
5.2 Industry planning and outlook
5.3 Forecast
6. ENTERPRISE ANALYSIS
6.1 Enterprise introduction
6.2 Financial analysis
7. APPENDIX OF FINANCIAL STATEMENTS
LIST OF FIGURES:
Figure 1: GDP growth, 2011 - 2017
Figure 2: Construction’s distribution to GDP, 2013 - 2021f
Figure 3: Value of construction and infrastructure
Figure 4: VND/USD exchange rate, 2013-2017
Figure 5: FDI, 2015-2017
Figure 6: FDI attraction by sector, 2017
Figure 7: Urbanization rate, 2010 - 2017
Figure 8: Population pyramid, 2016
Figure 9: Situation of ODA attraction and disbursement, 2010-2018f
Figure 10: Proportion of civil engineering investment in each region by type of works, 2017e
Figure 11: Quantities and value of investment in new energy projects, 2009-2016
Figure 12: Share of new energy projects by region, 2009-2016
Figure 13: Share of new energy projects by type, 2009-2016
Figure 14: World's top 10 largest steel producing countries, 2016
Figure 15: World's top 10 largest steel companies, 2016
Figure 16: World's top 10 largest cement producing countries, 2017
Figure 17: World's top 10 largest cement companies, 2015
Figure 18: Top 10 international bidders having the largest turnover, 2015
Figure 19: Top 10 domestic bidders having the largest turnover, 2015
Figure 20: Construction of waste water drainage system using vacuum technology
Figure 21: Number of enterprises in the industry, 2010-2016
Figure 22: Number of employees in the industry, 2010-2016
Figure 23: Number of enterprises by region, 2011-2016
Figure 24: Enterprise distribution by region, 2016
Figure 25: Total investment in construction and installation industry, 2010-2016
Figure 26: Fixed assets invested in construction and installation industry, 2010-2016
Figure 27: Sales of construction and installation industry, 2010-2016
Figure 28: Profit of construction and installation industry, 2010-2016
Figure 29: Construction steel prices, 8M/2017
Figure 30: Import share of construction machines by type, 2017e
Figure 31: Import share of construction machines by manufacturers, 2017e
Figure 32: Import share of construction machines by country, 2017e
Figure 33: Import share of new construction machines by manufacturers, 2017e
Figure 34: Labor productivity in Vietnam, 2006-2016e
Figure 35: Labor productivity of each profession in Vietnam, 2015
Figure 36: Minimum wage by country. 2014 - 2016
Figure 37: Distribution of main power plants
Figure 38: Total electricity supply, 2010 – 3M/2018e
Figure 39: Commercial electricity, 2012 – 3M/2018e
Figure 40: Production structure of electricity by source of materials, 2012 – 3M/2018e
Figure 41: Electricity consumption per capita in Vietnam, 2000-2017e
Figure 42: Electricity consumption structure, Q1/2018
Figure 43: Power plant installed capacity in Vietnam and the CAGR in each period
Figure 44: Investment capital in Electrical installation, 2010-2016
Figure 45: Number of employees in Electrical installation, 2010-2016
Figure 46: Sales of electrical installation sector, 2010-2016
Figure 47: Profit of electrical installation sector, 2010-2016
Figure 48: Total investment capital in electricity grids, 2011-2030f
Figure 49: Demand for clean water consumption in Vietnam, 2015-2025f
Figure 50: Proportion of clean water supply in Vietnam, 2015-2025f
Figure 51: Capacity of some wastewater treatment plants, 2013
Figure 52: Investment capital, 2010-2016
Figure 53: Number of employees, 2010-2016
Figure 54: Sales of water supply and drainage system sector, 2010-2016
Figure 55: Profit of water supply and drainage system sector, 2010-2016
Figure 56: Capital source for projects on water supply and drainage, 2016-2020
Figure 57: ODA structure mobilized for projects on water supply and drainage, 2016-2020
Figure 58: Investment in installation of heating and air conditioning systems, 2010-2016
Figure 59: Number of employees in installation of heating and air conditioning systems, 2010-2016
Figure 60: Sales of installation of heating and air conditioning systems, 2010-2016
Figure 61: Profit of installation of heating and air conditioning systems, 2010-2016
Figure 62: Number of enterprises and employees in finishing construction works, 2010 - 2016
Figure 63: Enterprise distribution in finishing construction works by region, 2010 - 2016
Figure 64: Sales and profit of finishing construction works, 2010 - 2016
Figure 65: Investment capital and fixed assets of finishing construction works, 2010 - 2016
Figure 66: Number of enterprises and employees in other dedicated construction sector, 2010 - 2016
Figure 67: Enterprise distribution in other dedicated construction sector by region, 2010 - 2016
Figure 68: Revenue and profit of other dedicated construction sector, 2010 - 2016
Figure 69: Investment capital and fixed assets of other dedicated construction sector, 2010 - 2016.
Figure 70: Structure of investment costs for infrastructure development in GDP, 1995 - 2013
Figure 71: Value of construction and installation industry, 2014-2025f
Figure 72: Gross profit margin, 2015 - 2016
Figure 73: Selling expenses/Net revenue ratio
Figure 74: Administrative expenses/Net revenue ratio
Figure 75: Self-financing rate, 2015 - 2016
Figure 76: Current ratio, 2015 - 2016
Figure 77: Fixed asset turnover, 2016
Figure 78: Days of sales outstanding, 2016
Figure 79: Profit margin, 2016
Figure 1: GDP growth, 2011 - 2017
Figure 2: Construction’s distribution to GDP, 2013 - 2021f
Figure 3: Value of construction and infrastructure
Figure 4: VND/USD exchange rate, 2013-2017
Figure 5: FDI, 2015-2017
Figure 6: FDI attraction by sector, 2017
Figure 7: Urbanization rate, 2010 - 2017
Figure 8: Population pyramid, 2016
Figure 9: Situation of ODA attraction and disbursement, 2010-2018f
Figure 10: Proportion of civil engineering investment in each region by type of works, 2017e
Figure 11: Quantities and value of investment in new energy projects, 2009-2016
Figure 12: Share of new energy projects by region, 2009-2016
Figure 13: Share of new energy projects by type, 2009-2016
Figure 14: World's top 10 largest steel producing countries, 2016
Figure 15: World's top 10 largest steel companies, 2016
Figure 16: World's top 10 largest cement producing countries, 2017
Figure 17: World's top 10 largest cement companies, 2015
Figure 18: Top 10 international bidders having the largest turnover, 2015
Figure 19: Top 10 domestic bidders having the largest turnover, 2015
Figure 20: Construction of waste water drainage system using vacuum technology
Figure 21: Number of enterprises in the industry, 2010-2016
Figure 22: Number of employees in the industry, 2010-2016
Figure 23: Number of enterprises by region, 2011-2016
Figure 24: Enterprise distribution by region, 2016
Figure 25: Total investment in construction and installation industry, 2010-2016
Figure 26: Fixed assets invested in construction and installation industry, 2010-2016
Figure 27: Sales of construction and installation industry, 2010-2016
Figure 28: Profit of construction and installation industry, 2010-2016
Figure 29: Construction steel prices, 8M/2017
Figure 30: Import share of construction machines by type, 2017e
Figure 31: Import share of construction machines by manufacturers, 2017e
Figure 32: Import share of construction machines by country, 2017e
Figure 33: Import share of new construction machines by manufacturers, 2017e
Figure 34: Labor productivity in Vietnam, 2006-2016e
Figure 35: Labor productivity of each profession in Vietnam, 2015
Figure 36: Minimum wage by country. 2014 - 2016
Figure 37: Distribution of main power plants
Figure 38: Total electricity supply, 2010 – 3M/2018e
Figure 39: Commercial electricity, 2012 – 3M/2018e
Figure 40: Production structure of electricity by source of materials, 2012 – 3M/2018e
Figure 41: Electricity consumption per capita in Vietnam, 2000-2017e
Figure 42: Electricity consumption structure, Q1/2018
Figure 43: Power plant installed capacity in Vietnam and the CAGR in each period
Figure 44: Investment capital in Electrical installation, 2010-2016
Figure 45: Number of employees in Electrical installation, 2010-2016
Figure 46: Sales of electrical installation sector, 2010-2016
Figure 47: Profit of electrical installation sector, 2010-2016
Figure 48: Total investment capital in electricity grids, 2011-2030f
Figure 49: Demand for clean water consumption in Vietnam, 2015-2025f
Figure 50: Proportion of clean water supply in Vietnam, 2015-2025f
Figure 51: Capacity of some wastewater treatment plants, 2013
Figure 52: Investment capital, 2010-2016
Figure 53: Number of employees, 2010-2016
Figure 54: Sales of water supply and drainage system sector, 2010-2016
Figure 55: Profit of water supply and drainage system sector, 2010-2016
Figure 56: Capital source for projects on water supply and drainage, 2016-2020
Figure 57: ODA structure mobilized for projects on water supply and drainage, 2016-2020
Figure 58: Investment in installation of heating and air conditioning systems, 2010-2016
Figure 59: Number of employees in installation of heating and air conditioning systems, 2010-2016
Figure 60: Sales of installation of heating and air conditioning systems, 2010-2016
Figure 61: Profit of installation of heating and air conditioning systems, 2010-2016
Figure 62: Number of enterprises and employees in finishing construction works, 2010 - 2016
Figure 63: Enterprise distribution in finishing construction works by region, 2010 - 2016
Figure 64: Sales and profit of finishing construction works, 2010 - 2016
Figure 65: Investment capital and fixed assets of finishing construction works, 2010 - 2016
Figure 66: Number of enterprises and employees in other dedicated construction sector, 2010 - 2016
Figure 67: Enterprise distribution in other dedicated construction sector by region, 2010 - 2016
Figure 68: Revenue and profit of other dedicated construction sector, 2010 - 2016
Figure 69: Investment capital and fixed assets of other dedicated construction sector, 2010 - 2016.
Figure 70: Structure of investment costs for infrastructure development in GDP, 1995 - 2013
Figure 71: Value of construction and installation industry, 2014-2025f
Figure 72: Gross profit margin, 2015 - 2016
Figure 73: Selling expenses/Net revenue ratio
Figure 74: Administrative expenses/Net revenue ratio
Figure 75: Self-financing rate, 2015 - 2016
Figure 76: Current ratio, 2015 - 2016
Figure 77: Fixed asset turnover, 2016
Figure 78: Days of sales outstanding, 2016
Figure 79: Profit margin, 2016
LIST OF TABLES:
Table 1: Typical electrical installation projects
Table 2: Typical water-main and sewerage installation projects
Table 3: World’s top 10 biggest building contractors, 2016
Table 4: Top 10 countries with the best infrastructure in the world in 2016 – World Economic Forum
Table 5: Comparison between MBR and MBBR
Table 6: Urban water waste treatment plants and technology used
Table 7: Length of transmission and distribution grid, 2011 - 2017
Table 8: Typical national grid upgrading projects put into use in 2017
Table 9: Typical national grid upgrading projects which are expected to put into use in 2018
Table 10: Power infrastructure projects, 2016-2020
Table 11: Top enterprises in electrical installation sector having the largest revenue in 2016
Table 12: Top enterprises in electrical installation sector having the largest revenue in 2016
Table 13: Typical wastewater treatment plants completed in the period 2013-2016
Table 14: Development targets of wastewater treatment and drainage
Table 15: Top enterprises that have the highest revenue in sector of installation of heating and air conditioning systems, 2016
Table 16: Top 10 enterprises in construction works finishing sector having the largest revenue in 2016
Table 17: Top 10 enterprises in other dedicated construction sector having the largest revenue in 2016
Table 18: Largest urban area of Vietnam Estimated in 2017
Table 19: Top enterprises with largest revenue in construction and installation industry, 2016
Table 1: Typical electrical installation projects
Table 2: Typical water-main and sewerage installation projects
Table 3: World’s top 10 biggest building contractors, 2016
Table 4: Top 10 countries with the best infrastructure in the world in 2016 – World Economic Forum
Table 5: Comparison between MBR and MBBR
Table 6: Urban water waste treatment plants and technology used
Table 7: Length of transmission and distribution grid, 2011 - 2017
Table 8: Typical national grid upgrading projects put into use in 2017
Table 9: Typical national grid upgrading projects which are expected to put into use in 2018
Table 10: Power infrastructure projects, 2016-2020
Table 11: Top enterprises in electrical installation sector having the largest revenue in 2016
Table 12: Top enterprises in electrical installation sector having the largest revenue in 2016
Table 13: Typical wastewater treatment plants completed in the period 2013-2016
Table 14: Development targets of wastewater treatment and drainage
Table 15: Top enterprises that have the highest revenue in sector of installation of heating and air conditioning systems, 2016
Table 16: Top 10 enterprises in construction works finishing sector having the largest revenue in 2016
Table 17: Top 10 enterprises in other dedicated construction sector having the largest revenue in 2016
Table 18: Largest urban area of Vietnam Estimated in 2017
Table 19: Top enterprises with largest revenue in construction and installation industry, 2016
