Vietnam Construction Market Report 2025, Industry Trends, Growth, Size and Forecast Till 2033

Vietnam Construction Market Overview

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Size in 2024: USD 36,232.0 Million

Market Forecast in 2033: USD 70,578.2 Million

Market Growth Rate (2025-33): 7.69%

Vietnam construction market size reached USD 36,232.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 70,578.2 Million by 2033, exhibiting a growth rate (CAGR) of 7.69% during 2025-2033. The increasing demand for cloud services and big data analytics, rising need for more reliable and scalable data processing and storage facilities, and stringent regulatory compliance represent some of the key factors driving the market.

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Vietnam Construction Market Trends and Drivers:

Market Drivers and Investment Landscape

The construction market is expanding rapidly, driven by:

Accelerating infrastructure development, particularly in transportation networks (expressways, ports, airports).

Substantial foreign direct investment (FDI) fueling large-scale commercial and industrial projects.

Strong public-private synergy:

Public initiatives focus on national connectivity and modernization.

Private sector invests in commercial real estate and industrial zones.

Positive policy environment:

Government support through regulatory reform and improved investment climate.

Encouraging participation from both domestic and international developers.

High activity levels benefiting:

Contractors, building material suppliers, and engineering consultancies.

Urbanization, Real Estate Growth, and Sustainability Shift

Rapid urbanization is driving residential construction:

Demand for high-rise apartments and integrated township projects in Ho Chi Minh City and Hanoi.

Commercial real estate boom:

Rise in modern office buildings for MNCs.

Growth of retail infrastructure catering to middle-class consumption.

Increasing focus on sustainable construction:

Projects increasingly adopt green building designs and energy-efficient technologies.

Reflects both regulatory incentives and developer commitment to environmental responsibility.

Shift toward smarter, more sustainable methods is reshaping industry norms.

Future Opportunities and Technological Transformation

Major growth areas:

Industrial and manufacturing construction, especially in high-tech and logistics parks.

Vietnam’s strategic role in global supply chain diversification enhances attractiveness.

Technological advancements gaining traction:

Adoption of Building Information Modeling (BIM) for project visualization and management.

Rise of modular construction for faster, more controlled project delivery.

Professionalization and workforce development:

Industry initiatives to improve project management and address capacity challenges.

Long-term outlook:

Construction sector will continue to play a central role in Vietnam’s economic development, driven by innovation, sustainability, and ongoing investment.

Vietnam Construction Market Industry Segmentation:

Sector Insights:

Residential Construction

Commercial Construction

Industrial Construction

Infrastructure (Transportation) Construction

Energy and Utilities Construction

Regional Insights:

Northern Vietnam

Central Vietnam

Southern Vietnam

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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Key highlights of the Report:

Market Performance (2019-2024)

Market Outlook (2025-2033)

COVID-19 Impact on the Market

Porter’s Five Forces Analysis

Strategic Recommendations

Historical, Current and Future Market Trends

Market Drivers and Success Factors

SWOT Analysis

Structure of the Market

Value Chain Analysis

Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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