Vietnam Construction Comprehensive Report Q2/2020
Over the past decade, tourism has become more and more accessible to people around the world. Therefore, the tourism industry has made strong developments, especially in recent years. The economy is recovering and growing strongly, and the living standards of people in many countries have been enhanced, spurring spending on global tourism and accommodation services. However, the economic downturn will take place about every five years, resonating with the impact of the Covid-19 epidemic, which predicts the tourism industry will suffer the most severe losses of all economic sectors.
Vietnam is one of the fastest growing tourist destinations in Southeast Asia. Thanks to many favorable factors such as the growth of tourists, new international hotel brands entering the market, the visa policy is relaxed and the development of infrastructure. However, the Covid-19 epidemic greatly affected the tourism industry, especially young countries like Vietnam. International tourists of Vietnam are mainly from Asia, countries such as China, South Korea, Japan, ... these are outbreaks in the world, so the high-class hotel segment will lose revenue.
Vietnam is one of the fastest growing tourist destinations in Southeast Asia. Thanks to many favorable factors such as the growth of tourists, new international hotel brands entering the market, the visa policy is relaxed and the development of infrastructure. However, the Covid-19 epidemic greatly affected the tourism industry, especially young countries like Vietnam. International tourists of Vietnam are mainly from Asia, countries such as China, South Korea, Japan, ... these are outbreaks in the world, so the high-class hotel segment will lose revenue.
ABBREVIATIONS
Executive summary
1. BUSINESS ENVIRONMENT
1.1 Macroeconomic situation
1.2 Legal framework
2. GLOBAL CONSTRUCTION MARKET
2.1 Scale and characteristics of world construction industry
3. VIETNAM CONSTRUCTION MARKET
3.1 Vietnam construction industry overview
3.2 Input factors
3.3 Construction output
3.3.1 Residential Houses
3.3.2 Non-residential Houses
3.3.3 Infrastructure
3.3.4 Dedicated construction
3.4 Driving forces of the industry
3.5 Planning
4. ENTERPRISES
4.1 Overview of enterprises
4.2 Enterprise analysis
Appendix
Executive summary
1. BUSINESS ENVIRONMENT
1.1 Macroeconomic situation
1.2 Legal framework
2. GLOBAL CONSTRUCTION MARKET
2.1 Scale and characteristics of world construction industry
3. VIETNAM CONSTRUCTION MARKET
3.1 Vietnam construction industry overview
3.2 Input factors
3.3 Construction output
3.3.1 Residential Houses
3.3.2 Non-residential Houses
3.3.3 Infrastructure
3.3.4 Dedicated construction
3.4 Driving forces of the industry
3.5 Planning
4. ENTERPRISES
4.1 Overview of enterprises
4.2 Enterprise analysis
Appendix
LIST OF CHARTS
Figure 1: GDP growth by quarter, 2016 - Q1/2020
Figure 2: Construction sector’s contribution to GDP, 2013 – Q1/2020
Figure 3: Vietnam construction industry growth, 2013 - Q1/2020
Figure 4: Foreign direct investment, Q1/2013 – Q1/2020
Figure 5: VND/USD Exchange rate, 2013 – 3/2020
Figure 6: Global construction industry market value, 2016 - 2022f
Figure 7: Contrinution of construction industry to global GDP, 2016 – 2022f
Figure 8: Value structure of global construction industry by country, 2019-2022f
Figure 9: Top cities with the highest gross margin in civil engineering in 2016
Figure 10: Revenue of construction industry, 2013 – 2019
Figure 11: Construction value structure in Asia-Pacific by country, 2019
Figure 12: World crude steel production, 2013 – Q1/2020
Figure 13: World steel production structure, 2000 – 2019
Figure 14: Global cement production output, 2011 - 2019
Figure 15: Top 10 international contractors with largest revenue in 2019
Figure 16: Number of employees in construction industry, 2010 – 2018
Figure 17: Revenue structure of Construction industry by sector, 2018
Figure 18: Revenue structure of Construction industry by sector, 2018
Figure 19: Investment structure of construction industry by sector, 2018
Figure 20: Steel price movement, 2019-3/2020
Figure 21: Cement retail price in some provinces of Vietnam, 2019
Figure 22: Labor productivity in Vietnam, 2010 – 2019
Figure 23: Vietnam labor productivity by profession, 2018
Figure 24: Minimum wage by economy’s sector, 2014 - 2019
Figure 25: Import value of construction machinery, 2014 - 2019
Figure 26: Import structure of construction machinery by country, 2018
Figure 27: Structure of construction cost
Figure 28: Total Supply by Category, Q1/2020
Figure 29: Apartment rental price by category, Q1/2017 – Q1/2020
Figure 30: Apartment rental price and rental capacity, Q1/2017 - Q1/2020
Figure 31: Total supply of apartments for rent, Q1/2017 - Q1/2020
Figure 32: Apartment rental prices by class, 2019-Q1/2020
Figure 33: New and total supply of apartment for sale Hanoi, Q1/2020
Figure 34: Price and absorption rate of apartment for sale, Q4/2019
Figure 35: New and total supply of apartment for sale, Q1/2020
Figure 36: Price and absortion rate of apartment for sale in HCMC, Q4/2019
Figure 37: Total villa/townhouse supply, Q1/2017 – Q1/2020
Figure 38: Secondary price fluctuation of villas and townhouses, Q1/2017 – Q1/2020
Figure 39: Total villa/townhouse supply, 2017 – Q1/2020
Figure 40: Total supply by category, Q1/2019
Figure 41: Supply structure by region, Q1/2020
Figure 42: Vacancy rate and rental price, Q1/2020
Figure 43: Supply of commercial center for lease, 2013-Q1/2020
Figure 44: Rental price and vacancy rate of commercial centers, 2014-Q1/2020
Figure 45: Total supply, Q1/2020
Figure 46: Retail supply structure by region, Q1/2020
Figure 47: Vacancy rate and rental price, Q1/2020
Figure 48: Total supply of commercial centers, 2013-Q1/2020
Figure 49: Rental price and vacancy rate of commercial centers, 2013-Q1/2020
Figure 50: Total supply by segment and region, Q1/2020
Figure 51: Office rental price, Q1/2016 – Q1/2020
Figure 52: Average rental price by area, Q1/2020
Figure 53: Structure of office leasing according to business lines, 2019
Figure 54: Office supply and vacancy rate , Q1/2017-Q1/2020
Figure 55: Total supply and rental price by category, Q1/2020
Figure 56: Office rental price, Q1/2016-Q1/2020
Figure 57: Structure of office leasing according to business lines, 2019
Figure 58: Rental structure co-working by type of business, 2018
Figure 59: Hotel total supply, Q1/2017-Q1/2020
Figure 60: Rental price and capacity, Q1/2017-Q1/2020
Figure 61: Hotel total supply, Q1/2017-Q1/2020
Figure 62: Average rental price and capacity, Q1/2017- Q1/2020
Figure 63: Total Supply by Region, Q1/2020
Figure 64: Rental price by area, Q1/2020
Figure 65: Total supply and vacancy rate of Northern Industrial Zone, Q1/2020
Figure 66: Average rental price for the Northern Industrial Zone, Q12020
Figure 67: Total supply and vacancy rate, Q1/2020
Figure 68: Rental price by area, Q1/2020
Figure 69: Total supply and vacancy rate of Southern region, Q1/2020
Figure 70: Rental price of factories available by region, 2013-Q1/2020
Figure 71: Rental price of industrial land by region, 2013-Q1/2020
Figure 72: Infrastructure score rank by country, 2019
Figure 73: Percentage of logistics costs in Vietnam's GDP compared to regions, 2017-2018
Figure 74: Vietnam LPI index and ranking, 2012 - 2018
Figure 75: Number of BOT, BT projects under the management of the Ministry of Transport on the roads
Figure 76: Proportion of power generation by supplier, 2019
Figure 77: Power loss, 2010 – 2019
Figure 78: Urbanization levels, 2013 - 2019
Figure 79: Average income and spending, 2013 – 2019
Figure 80: Real estate outstanding credit, 2013 - 2019e
Figure 81: Structure of real estate outstanding credit, 2018
Figure 82: Structure of population by class (expenditure), 2013 - 2020f
Figure 83: Forecast for demand for steel in Vietnam to 2020
Figure 84: Forecast of construction industry value, 2016-2025f
Figure 1: GDP growth by quarter, 2016 - Q1/2020
Figure 2: Construction sector’s contribution to GDP, 2013 – Q1/2020
Figure 3: Vietnam construction industry growth, 2013 - Q1/2020
Figure 4: Foreign direct investment, Q1/2013 – Q1/2020
Figure 5: VND/USD Exchange rate, 2013 – 3/2020
Figure 6: Global construction industry market value, 2016 - 2022f
Figure 7: Contrinution of construction industry to global GDP, 2016 – 2022f
Figure 8: Value structure of global construction industry by country, 2019-2022f
Figure 9: Top cities with the highest gross margin in civil engineering in 2016
Figure 10: Revenue of construction industry, 2013 – 2019
Figure 11: Construction value structure in Asia-Pacific by country, 2019
Figure 12: World crude steel production, 2013 – Q1/2020
Figure 13: World steel production structure, 2000 – 2019
Figure 14: Global cement production output, 2011 - 2019
Figure 15: Top 10 international contractors with largest revenue in 2019
Figure 16: Number of employees in construction industry, 2010 – 2018
Figure 17: Revenue structure of Construction industry by sector, 2018
Figure 18: Revenue structure of Construction industry by sector, 2018
Figure 19: Investment structure of construction industry by sector, 2018
Figure 20: Steel price movement, 2019-3/2020
Figure 21: Cement retail price in some provinces of Vietnam, 2019
Figure 22: Labor productivity in Vietnam, 2010 – 2019
Figure 23: Vietnam labor productivity by profession, 2018
Figure 24: Minimum wage by economy’s sector, 2014 - 2019
Figure 25: Import value of construction machinery, 2014 - 2019
Figure 26: Import structure of construction machinery by country, 2018
Figure 27: Structure of construction cost
Figure 28: Total Supply by Category, Q1/2020
Figure 29: Apartment rental price by category, Q1/2017 – Q1/2020
Figure 30: Apartment rental price and rental capacity, Q1/2017 - Q1/2020
Figure 31: Total supply of apartments for rent, Q1/2017 - Q1/2020
Figure 32: Apartment rental prices by class, 2019-Q1/2020
Figure 33: New and total supply of apartment for sale Hanoi, Q1/2020
Figure 34: Price and absorption rate of apartment for sale, Q4/2019
Figure 35: New and total supply of apartment for sale, Q1/2020
Figure 36: Price and absortion rate of apartment for sale in HCMC, Q4/2019
Figure 37: Total villa/townhouse supply, Q1/2017 – Q1/2020
Figure 38: Secondary price fluctuation of villas and townhouses, Q1/2017 – Q1/2020
Figure 39: Total villa/townhouse supply, 2017 – Q1/2020
Figure 40: Total supply by category, Q1/2019
Figure 41: Supply structure by region, Q1/2020
Figure 42: Vacancy rate and rental price, Q1/2020
Figure 43: Supply of commercial center for lease, 2013-Q1/2020
Figure 44: Rental price and vacancy rate of commercial centers, 2014-Q1/2020
Figure 45: Total supply, Q1/2020
Figure 46: Retail supply structure by region, Q1/2020
Figure 47: Vacancy rate and rental price, Q1/2020
Figure 48: Total supply of commercial centers, 2013-Q1/2020
Figure 49: Rental price and vacancy rate of commercial centers, 2013-Q1/2020
Figure 50: Total supply by segment and region, Q1/2020
Figure 51: Office rental price, Q1/2016 – Q1/2020
Figure 52: Average rental price by area, Q1/2020
Figure 53: Structure of office leasing according to business lines, 2019
Figure 54: Office supply and vacancy rate , Q1/2017-Q1/2020
Figure 55: Total supply and rental price by category, Q1/2020
Figure 56: Office rental price, Q1/2016-Q1/2020
Figure 57: Structure of office leasing according to business lines, 2019
Figure 58: Rental structure co-working by type of business, 2018
Figure 59: Hotel total supply, Q1/2017-Q1/2020
Figure 60: Rental price and capacity, Q1/2017-Q1/2020
Figure 61: Hotel total supply, Q1/2017-Q1/2020
Figure 62: Average rental price and capacity, Q1/2017- Q1/2020
Figure 63: Total Supply by Region, Q1/2020
Figure 64: Rental price by area, Q1/2020
Figure 65: Total supply and vacancy rate of Northern Industrial Zone, Q1/2020
Figure 66: Average rental price for the Northern Industrial Zone, Q12020
Figure 67: Total supply and vacancy rate, Q1/2020
Figure 68: Rental price by area, Q1/2020
Figure 69: Total supply and vacancy rate of Southern region, Q1/2020
Figure 70: Rental price of factories available by region, 2013-Q1/2020
Figure 71: Rental price of industrial land by region, 2013-Q1/2020
Figure 72: Infrastructure score rank by country, 2019
Figure 73: Percentage of logistics costs in Vietnam's GDP compared to regions, 2017-2018
Figure 74: Vietnam LPI index and ranking, 2012 - 2018
Figure 75: Number of BOT, BT projects under the management of the Ministry of Transport on the roads
Figure 76: Proportion of power generation by supplier, 2019
Figure 77: Power loss, 2010 – 2019
Figure 78: Urbanization levels, 2013 - 2019
Figure 79: Average income and spending, 2013 – 2019
Figure 80: Real estate outstanding credit, 2013 - 2019e
Figure 81: Structure of real estate outstanding credit, 2018
Figure 82: Structure of population by class (expenditure), 2013 - 2020f
Figure 83: Forecast for demand for steel in Vietnam to 2020
Figure 84: Forecast of construction industry value, 2016-2025f
LIST OF TABLES
Table 1: Top 10 construction machine manufacturers worldwide, 2019
Table 2: World’s top 10 largest steel-producing countries, Q1/2020
Table 3: List of the world's 10 largest steel producers in the year, 2017 – 2018
Table 4: World’s top largest cement-producing countries, 2019
Table 5: World’s top largest cement-producing companies, 2018
Table 6: Top 10 international contractors with the biggest revenue in USA, 2019
Table 7: World’s top 20 real estate companies with the largest total assets, 2019
Table 8: Construction cost in some major cities in ASEAN region, 2019
Table 9: Utilities costs in some major cities in ASEAN, 2019
Table 10: Typical projects under construction, 2020
Table 11: Total supply of apartments for rent, Q1/2017 – Q1/2020
Table 12: Typical projects completed in 2019
Table 13: Typical projects, 2020-2022
Table 14: Typical projects are open for sale
Table 15: Typical projects are scheduled to open in 2020
Table 16: Typical projects are scheduled to open in 2020
Table 17: Main projects in Q1/2020
Table 18: Typical projects in 2020
Table 19: Large office transactions (> 1,000m2) in Hanoi,Q1/2020
Table 20: Typical projects under construction
Table 21: Big office leasing transactions in Ho Chi Minh City, Q1/2020
Table 22: Typical projects in the period 2019-2022
Table 23: Typical projects in the period 2020-2023
Table 24: Quality of Infrastructure in Vietnam, 2013-2018
Table 25: Percentage of logistics costs in Vietnam's GDP relative to regions, 2017-2018
Table 26: Logistics costs of some exports
Table 27: Vietnam LPI index indicators, 2012 - 2018
Table 28: Vietnam roadway system, 2019
Table 29: Railway transportation infrastructure
Table 30: Major seaports in Vietnam
Table 31: Vietnam seaport capacity
Table 22: Ability of receiving ships of Vietnamese ports
Table 33: Operational capacity of some major airways, 2018
Table 34: Revenue and profit of AVC, 2018
Table 35: Electricity transmission and distribution network length, 2016 – 2020
Table 36: Electricity loss rate in some countries, 2018
Table 37: Results of reducing Electricity losses in 2018 - 2019
Table 38: The largest cities of Vietnam Estimated in 2019
Table 39: Top construction enterprises having the largest revenue in 2019
Table 1: Top 10 construction machine manufacturers worldwide, 2019
Table 2: World’s top 10 largest steel-producing countries, Q1/2020
Table 3: List of the world's 10 largest steel producers in the year, 2017 – 2018
Table 4: World’s top largest cement-producing countries, 2019
Table 5: World’s top largest cement-producing companies, 2018
Table 6: Top 10 international contractors with the biggest revenue in USA, 2019
Table 7: World’s top 20 real estate companies with the largest total assets, 2019
Table 8: Construction cost in some major cities in ASEAN region, 2019
Table 9: Utilities costs in some major cities in ASEAN, 2019
Table 10: Typical projects under construction, 2020
Table 11: Total supply of apartments for rent, Q1/2017 – Q1/2020
Table 12: Typical projects completed in 2019
Table 13: Typical projects, 2020-2022
Table 14: Typical projects are open for sale
Table 15: Typical projects are scheduled to open in 2020
Table 16: Typical projects are scheduled to open in 2020
Table 17: Main projects in Q1/2020
Table 18: Typical projects in 2020
Table 19: Large office transactions (> 1,000m2) in Hanoi,Q1/2020
Table 20: Typical projects under construction
Table 21: Big office leasing transactions in Ho Chi Minh City, Q1/2020
Table 22: Typical projects in the period 2019-2022
Table 23: Typical projects in the period 2020-2023
Table 24: Quality of Infrastructure in Vietnam, 2013-2018
Table 25: Percentage of logistics costs in Vietnam's GDP relative to regions, 2017-2018
Table 26: Logistics costs of some exports
Table 27: Vietnam LPI index indicators, 2012 - 2018
Table 28: Vietnam roadway system, 2019
Table 29: Railway transportation infrastructure
Table 30: Major seaports in Vietnam
Table 31: Vietnam seaport capacity
Table 22: Ability of receiving ships of Vietnamese ports
Table 33: Operational capacity of some major airways, 2018
Table 34: Revenue and profit of AVC, 2018
Table 35: Electricity transmission and distribution network length, 2016 – 2020
Table 36: Electricity loss rate in some countries, 2018
Table 37: Results of reducing Electricity losses in 2018 - 2019
Table 38: The largest cities of Vietnam Estimated in 2019
Table 39: Top construction enterprises having the largest revenue in 2019
