Vietnam’s Construction Industry: Key Trends and Opportunities to 2021
In real terms, the Vietnamese construction industry registered a growth rate of 9.1% in 2016, measured at constant 2010 US dollar exchange rates. This was preceded by annual growth rates of 10.8%, 7.6%, 5.9% and 6.4% in 2015, 2014, 2013 and 2012 respectively.
This growth was supported by economic recovery, coupled with government investment in infrastructure and residential construction, and the increased issuance of building permits. In addition, the Socio-Economic Development Plan (SEDP) for 20112015, under which the government invested in the development of industrial facilities, supported review-period (20122016) growth.
The countrys construction industry is expected to expand in real terms over the forecast period (20172021), due to investments in transport infrastructure, energy and utilities and affordable housing projects. Additionally, government investment in public infrastructure and educational healthcare buildings as part of the 20162020 Development Plan will support this growth.
Summary
Timetrics Construction in Vietnam, Key Trends and Opportunities to 2021 report provides detailed market analysis, information and insights into the Vietnamese construction industry, including:
The Vietnamese construction industry's growth prospects by market, project type and construction activity
Analysis of equipment, material and service costs for each project type in Vietnam
To Get Sample Copy of Report visit @ http://www.researchmoz.us/enquiry.php?type=S&repid=944541
Scope
This report provides a comprehensive analysis of the construction industry in Vietnam. It provides:
Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in Vietnam using construction output and value-add methods
Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type
Reasons To Buy
Identify and evaluate market opportunities using Timetric's standardized valuation and forecasting methodologies.
Assess market growth potential at a micro-level with over 600 time-series data forecasts.
Understand the latest industry and market trends.
Key Highlights
The construction industry is expected to benefit from the governments plans to improve living conditions in rural areas. In August 2016, the government launched a new rural building program for 20162020, with an aim to build schools, hospitals, roads, water-treatment facilities and other related infrastructure in rural areas by 2020.
Under the Vietnams Railway Development Strategy 2020, the government aims to increase the share of passenger and freight transport through railways from 0.5% of the total passenger transport market share and 1.0% of the total freight transport in 2015 to 13.0% in terms of passenger transport and 14.0% in terms of freight transport by 2020. Accordingly, the Ministry of Transport (MOT) proposed a plan to develop the NorthSouth railway infrastructure, including the construction of a dual-track broad-gauge line connecting Hanoi and Ho Chi Minh City, two express railway sections, and upgrades to the existing railway.
Make an Enquiry of this report @ http://www.researchmoz.us/enquiry.php?type=E&repid=944541