Expansion in the Tourism and Retail Sectors, Coupled With Investments in Infrastructure Projects, Will Support Industry Growth, According to a New Study on ASDReports

Friday 29 August 2014, Amsterdam

The new research report now available on ASDReports, with market analysis, information and insights into the construction industry in Vietnam that tower above the rest. We bring together the building blocks of a lucrative market in a unique region - identifying and evaluating opportunities in order to make this report an essential tool for both major players and those considering entering the industry.

The difference:

• Hit the nail on the head – Formulate and validate business strategies with an assessment of the competitive forces facing the construction industry in Vietnam.
• Know the drill – by analyzing the profiles of the leading operators in the sector, along with data highlights of the largest construction projects in the region.
• The writing’s on the wall –with analysis of equipment, material and service costs across each project type within Vietnam.

Report highlights:
The Vietnamese construction industry recorded a compound annual growth rate (CAGR) of over 16% during the review period (to 2013) and valued VND770.4 trillion (under US$37 billion). However, industry growth industry slowed from under 20% to 7%, due to a slump in the property market, a banking system characterized by non-performing loans and a sluggish real estate sector. Nevertheless, industry outlook is favorable, due to the government’s focus industrial and residential construction.

Residential construction was the largest market in the Vietnamese construction industry in 2013 and accounted for more than 50% of the industry’s total value. The market recorded a review-period CAGR of over 21%, and valued over VND390 trillion (over US$18 billion) in 2013. In order to reduce real estate inventories accumulated during the global financial crisis and increase the demand in the residential market, the government is undertaking several initiatives, such as a financial stimulus package and relaxing laws relating to foreigner firms investing in residential property. Government’s investment in social housing projects will also support growth. Consequently, the
market is expected to record a forecast