London, 10 February 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Construction Market Outlook in Vietnam 2015-2019, which is expected to grow at a CAGR of 6.73 percent during the period 2014-2019.
The increased demand for affordable housing has led to construction companies investing in residential development projects. The simultaneous growth of the Residential and Infrastructure Construction segments is expected to be the driving factor for the Construction market in Vietnam during the forecast period.
“To strengthen the Construction market in Vietnam, the government is making efforts to increase private investment from foreign investors,” says Faisal Ghaus, Vice President of TechNavio.
“FDI in Vietnam, especially in the Construction sector, has been gradually increasing, helping the market to speed up construction activities.”
Key Market Drivers
- Rise in Demand for Housing
- Private Investments
- Government Initiatives
Key Market Trends
- Growth of Affordable Housing Projects
- Focus on Sustainable Development
- Increase in FDI
Key Market Vendors
- PetroVietnam Construction
- Song Da Corp.
- Vingroup Joint Stock Co
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
