Construction Market in Vietnam Aims to Reduce Debt by End of 2019

Share Article announces that a new market research report is available in its catalogue: "Construction Market in Vietnam"



The focus of the entire report is on the four-year outlook that covers the overall construction sector, including building and engineering in Vietnam.

The main objective of the report is to provide readers and senior executives with accurate and comprehensive analysis by furnishing them with an overall picture of the construction industry of Vietnam. The report consists of a detailed list of market drivers, market challenges, and market trends that are expected to impact the construction market in Vietnam in the forthcoming years.

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The focus of the entire report is on the four-year outlook that covers the overall construction sector, including building and engineering in Vietnam.

Vietnam has changed drastically in recent years. In less than three decades, the once-poor country now has a rather strong lower-middle income population. The report states that after years of being in a slump, the economy in Vietnam in 2013 grew by 5%, owing to its constant spending in the construction field. The country’s expense towards construction has increased by 6.68%.

Based on the statistical survey in this report, Vietnam has already met 5 of its 10 Millennium Development Goals as compared to other developing economies across the globe. The country is now focusing on reinforcing its infrastructure, which will help it to attain two more goals by 2015. The infrastructural growth and development will be mainly in the residential sector as the demand for new homes is rising in Vietnam. New and improved credit facilities, social housing, and low-income population are some of the major factors expected to drive the growth of the residential construction segment in Vietnam in the coming years.

The country’s banking systems are already swamped in high-levels of debt, mostly related to real-estate projects. Hence, in order to overcome this condition, Vietnam is increasingly engaging in construction activities that will eventually reduce the financial burden on the government.

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The report concludes by presenting a detailed analysis of the key vendors and a brief description of other prominent vendors operating in the construction market in Vietnam. Song Da, Electricity of Vietnam Group (EVN), PetroVietnam Construction, Vingroup Joint Stock, and Cavico Vietnam are a few renowned vendors covered in this report.

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Michelle Thoras
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