Vietnam Construction Industry Growing at 11.43% CAGR to 2018 Says a New Report Available at MarketReportsStore.com

MarketReportsStore.com adds “Construction in Vietnam – Key Trends and Opportunities to 2018” to its store. Vietnamese construction industry's growth prospects by market, project type and type of construction activity.

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Dallas, Texas (PRWEB) August 14, 2014

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).

Complete report details at http://marketreportsstore.com/construction-in-vietnam-key-trends-and-opportunities-to-2018/.

This report provides detailed market analysis, information and insights into Vietnamese construction industry including:

  •     Vietnamese construction industry's growth prospects by market, project type and type of construction activity
  •     Analysis of equipment, material and service costs across each project type within Vietnam
  •     Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in Vietnamese construction industry
  •     Analyzing the profiles of the leading operators in Vietnamese construction industry.
  •     Data highlights of the largest construction projects in Vietnam

Company Profiles include in report:

  •     Vietnam Construction and Import - Export Joint Stock Corporation
  •     Petrovietnam Construction Joint Stock Corporation
  •     Construction and Materials Trading Joint Stock Company
  •     ThuDuc Housing Development Corporation
  •     Hoa Binh Construction & Real Estate Corporation

Order a Purchase Copy at http://marketreportsstore.com/purchase?rname=17378.

The Vietnamese construction industry delivered a strong growth rate during the review period, due to Vietnam’s stable economic conditions and despite a slowdown between 2011 and 2013, due to a slump in the property market. In nominal terms, the total construction value add in Vietnam registered a nominal CAGR of 14.85% during the review period. In an attempt to boost the struggling property market, the central bank and five state-run banks announced a VND70 trillion (US$3.3 billion) loan package in 2014, to allow investors, developers and suppliers to lower prices and cut costs to increase sales. According to the Foreign Investment Agency (FIA), in the first half of 2014, the industry ranked as the second-largest recipient of foreign direct investment (FDI) with total capital of VND10.0 trillion (US$465.4 million); real estate attracted 16 projects and a capital of VND14.9 trillion (US$692.3 million). Government investment strategies for the development of the industrial, tourism and infrastructure categories will also benefit the industry over the forecast period. The industry’s value add is expected to register a forecast-period CAGR of 11.59%.

The Ministry of Industry and Trade (MOIT) approved a Renewable Energy Development Plan for the Northern Plains and Midlands until 2020. The plan includes energy production of 325.7MW through renewable sources over 2013?2020 and a further 1.2GW over 2020?2030. An investment of VND17.0 billion (US$78.9 billion) is required until 2020 and VND31.6 billion (US$146.8 billion) will be needed for the 2020?2030 period. Such initiatives will boost growth in energy infrastructure construction over the forecast period.

Vietnam’s rapid economic growth increased its demand for fuel. According to the Ministry of Industry and Trade (MOIT), in 2013, the demand for oil products was estimated to be 17 million tons, of which 60% was met by imported oil products. In order to meet the rising demand for fuel and reduce its reliance on imported fuel, the country is focusing on improving its refining capacity. In 2013, Vietnam signed a contract with companies from Japan and Kuwait, to build an oil refinery facility valued at VND189.1 trillion (US$9 billion) in Thanh Hoa province. It is likely to be operational by 2017. Furthermore, in 2014, the government announced a VND581.4 trillion (US$27 billion) refinery project at Binh Dinh province with an annual capacity of 30 million tons. The project will receive investment from the Petroleum Authority of Thailand (PTT), scheduled to start construction in 2016 for commencement in 2020.

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