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Infrastructure (Economics)

Vietnam Construction Market to Maintain Growth Momentum in 2025 and Beyond

Strategic Insights

— 1 min read

Vietnam's construction industry is set to maintain its growth momentum in 2025, driven by the government's plans to invest in transport infrastructure and address housing deficits. The industry is expected to record real growth of 8% in 2025, with investments in transport and energy infrastructure playing a significant role. The construction industry in Vietnam is expected to register an annual average growth of 6.9% from 2026 to 2029, supported by the government's efforts to develop transport and housing infrastructure.

Key Takeaways:

  • The construction industry in Vietnam is expected to record real growth of 8% in 2025, driven by investments in transport and energy infrastructure.
  • The government's plan to implement the revised Power Development Plan VIII (PDP8) aims to scale up domestic energy generation capacity, with a target of 73,416MW of solar power by 2030.
  • The nuclear power plan was reintroduced through the revised plan, with Ninh Thuan 1 and 2 operating from 2030 to 2035 at 2,000-3,200MW each.
  • The Thai Binh LNG power plant, a 1.5GW project, is expected to come online in Q4 2028 and Q4 2029, with the construction commencing in Q4 2025.
  • The government aims to produce 20 million tonnes of hydrogen per year by 2050, as part of its strategy to develop the hydrogen industry.
  • The construction industry in Vietnam is expected to register an annual average growth of 6.9% from 2026 to 2029, supported by the government's efforts to develop transport and housing infrastructure.

Statistics:

  • The construction industry in Vietnam is expected to record real growth of 8% in 2025.
  • The government's plan includes a target of 73,416MW of solar power by 2030.
  • The Thai Binh LNG power plant will have a capacity of 1.5GW and will come online in Q4 2028 and Q4 2029.
  • The construction of the Thai Binh LNG power plant is scheduled to commence in Q4 2025.
  • The government aims to produce 20 million tonnes of hydrogen per year by 2050.
  • The construction industry in Vietnam is expected to register an annual average growth of 6.9% from 2026 to 2029.

Sources:

  • Vietnam Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q3 2025)
  • ResearchAndMarkets.com
  • BusinessWire.com
  • Ministry of Industry and Trade (MoIT)
  • Thai Binh LNG Power JSC

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