Business

Vietnam’s construction market forecast to lure more foreign investors

More foreign participation is forecast in Vietnam’s construction market over the coming years, buoyed by the gradual opening up of the Vietnamese economy to foreign investors and the Government’s emphasis on infrastructure development.
Vietnam’s construction market forecast to lure more foreign investors ảnh 1The enactment of the Public-Private Partnership (PPP) Law in 2020 signals the Government’s intention to attract more private sector investments in the infrastructure sector. (Photo: luatvietnam.vn)

Hanoi (VNS/VNA) — More foreign participation is forecast in Vietnam’sconstruction market over the coming years, buoyed by the gradual opening up ofthe Vietnamese economy to foreign investors and the Government’s emphasis oninfrastructure development.

The information was included in a recent report by FitchSolutions on the outlook for Vietnam’s construction and infrastructuresector.

According to analysts from the UK-based financial data and research group, morethan half of construction roles are awarded to foreign contractors, reflectingthe openness of Vietnam’s construction market. Foreign participation is mainlyrepresented by the Republic of Korea, Japanese and Chinese engineeringcompanies. Japanese financiers are particularly active in supporting projectsin Vietnam, highlighting their dominance as an important exporter ofinfrastructure.

“When analysing the mix of nationalities of companies operating in Vietnam’sburgeoning construction and infrastructure market, we note that the country hasone of the most diverse competitive landscapes within the Southeast Asiaregion,” the analysts noted.

According to Fitch, opportunities for foreign companies to participate in Vietnam’sconstruction market exist mainly in areas where private or foreigncompanies have competitive advantages. These areas include designing,consulting, building and managing projects and supplying high-value industrialgoods such as rolling stock and wind turbines.

Based on data from Fitch’s proprietary Infrastructure Key Projects Database(KPD), local Vietnamese companies unsurprisingly dominate the construction scene,holding 43 percent of construction roles awarded.

“The enactment of thePublic-Private Partnership (PPP) Law in 2020 signals the Government’s intentionto attract more private sector investment in the infrastructure sector,and we believe foreign players will play an increasingly important role overthe next decade,” Fitch said.

Leading the foreign nationalities in construction roles are RoK and Japanese./.
VNA
#construction market #Vietnamese economy #infrastructure development #industrial goods #Vietnam #VietnamPlus #Vienam news
Follow VietnamPlus

Related News

Vietnam switches to unbaked building materials

Vietnam switches to unbaked building materials

Unbaked construction materials are targeted to account for 30-40 percent of all materials used for building by 2020, according to a circular that has been approved by the Government.
Cement, clinker exports likely to reach yearly targets

Cement, clinker exports likely to reach yearly targets

Vietnam’s cement and clinker exports are well on track to fulfil the target set for the whole year with a positive turnover of nearly 750 million USD seen in the first seven months, statistics from the General Department of Vietnam Customs showed.

See more

A perspective of the Quang Ninh 1 Wind Power Plant project (Photo: Quang Ninh provincial Department of Construction)

Quang Ninh gives nod to first offshore wind power plant

The project is expected to have a designed capacity of 50 MW and will be implemented in nearshore waters of the Co To special zone. It will be the first offshore wind power project in the province, playing a pioneering role in tapping Quang Ninh’s abundant renewable energy potential.

Viettel launches the Unitel Logistics brand in Laos. (Photo: VNA)

Vietnamese firms expand global footprint

The Government recently approved the “Go Global” programme for 2026-2030, which identifies the private sector as a key driving force in Vietnam’s international expansion process. It aims to help Vietnamese private enterprises strengthen their overseas presence in a comprehensive, effective and sustainable manner through international investment, business activities and deeper integration into regional and global supply and value chains.

Vietnam and Cambodia are seeking to strengthen supply chain connectivity and promote sustainable border trade at a trade promotion conference in Vietnam's Mekong Delta province of Dong Thap on May 15. (Photo: https://thoibaonganhang.vn/)

Vietnam, Cambodia eye stronger border trade, supply chain connectivity

Vietnam–Cambodia trade ties have grown rapidly in recent years, becoming one of the major pillars of economic cooperation in the Mekong sub-region. The two countries share a 1,137-km border and an increasingly developed network of international and secondary border gates, facilitating cross-border trade, logistics and investment.

Illustrative image. (Photo: VNA)

Three proposals to connect overseas Vietnamese resources with private economy at home

There are currently many Vietnamese IT specialists working in technology corporations, banks, start-ups and innovation ecosystems across Canada. With appropriate mechanisms in place, this workforce could become a technology bridge, helping Vietnamese enterprises access management expertise, technical solutions, international standards and partnership networks in North America.

The Nguyen Van Linh–Nguyen Huu Tho intersection fully opens both underpasses to traffic, helping ease congestion in the area. (Photo: VNA)

Ho Chi Minh City pushes for full public investment disbursement

Ho Chi Minh City was allocated a record 147.599 trillion VND (5.6 billion USD) in public investment capital for 2026, up 22.6% from last year and accounting for nearly 14.6% of the nation’s total public investment budget. However, disbursement by the end of April remained below the national average.

Visitors explore Quang Tri province’s OCOP products (Photo: VNA)

Quang Tri links OCOP products with tourism to expand farm produce markets

The central province currently has 160 OCOP products developed by cooperatives, cooperative groups and businesses, including two five-star and 31 four-star products. These locally distinctive products are gradually becoming "ambassadors" showcasing Quang Tri’s culture and identity to domestic and international visitors.

Work starts on Hanoi’s Red River Landscape Boulevard Axis project on December 19, 2025. (Photo: VNA)

Hanoi approves nearly 28-bln-USD Red River landscape boulevard project

Covering more than 11,400 hectares and requiring an estimated 736.96 trillion VND (nearly 28 billion USD), the project is expected to reshape urban development along both banks of the Red River over the coming decades while improving transport connectivity and public spaces in the capital.

Deputy Prime Minister Nguyen Van Thang and delegates perform the ground-breaking ceremony for the Northwest Dien Bien Phu New Urban Area, Resort and Sports Complex project. (Photo: VNA)

Vingroup launches largest-ever urban development project in Dien Bien

Under the master plan, the project will span more than 228.5ha and accommodate around 12,000 residents. It is designed under a “city within a city” model integrating residential areas, commercial and service facilities, resorts, schools, healthcare services, public spaces and sports infrastructure.

Deputy Prime Minister Nguyen Van Thang and delegates press the button to launch construction of the Dien Bien Phu cultural-historical tourism and cable car complex project in Dien Bien province on May 10, 2026. (Photo: VNA)

Dien Bien Phu cultural-historical tourism, cable car complex project launched

The project aims to effectively tap the area’s natural landscapes, geographical advantages and distinctive historical value, while creating a high-quality tourism product with strong competitiveness. It is also intended to preserve, honour and promote the value of the Dien Bien Phu Victory special national historical relic site.