Business Monitor International

Vietnam Infrastructure Report

Published 30 October 2014

  • 159 pages
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  • Includes 3 free updated quarterly reports
Vietnam Infrastructure Report

BMI View: While we have upgraded the real growth forecast for Vietnam's infrastructure industry to 1.8% in 2014 (from 1.3% previously), we note that this rate remains well below the potential suggested by the country's strong foreign direct investment and improving business environment. For 2015, we continue to expect a pick-up to 4.3%.


The major developments in Vietnam's infrastructure sector are:

  • Our relatively downbeat forecast for infrastructure sector growth in 2014 and 2015 results from the fact that the sector's recovery is taking longer than expected. Specifically, we note that there is a lack of upside in near-term spending from the domestic public and private sectors, which is brought on by the dominance and excessiveness of the country's state-owned enterprises (SOEs). While the existence of these SOEs makes it easier for the government to channel resources directly to certain projects, their structure remains unwieldy and inefficient.

  • According to a deputy minister from Vietnam's Industry and Trade Ministry, construction on the country's first Nuclear power plant has been delayed. Citing safety concerns, the minister stated that the targeted completion date of the power plant is now between 2020 and 2022. The government remains highly interested in the development of nuclear power, and the dialogue continues to suggest the construction of more projects over the coming years.

  • The Vietnamese government has struck a principle agreement for the construction of Phan Thiet Airport in the south central province of Binh Thuan as part of the national aviation development plan. The airport is planned as a Build, Operate, and Transfer (BOT) project, which will be a first for an airport in Vietnam.

  • A report submitted in September 2014 to the Ministry of Transport suggests that Ho Chi Minh City's Metro Line 2 will be delayed by at least two years, potentially taking the cost of the project to an estimated USD2.1bn, a huge jump from the previous...

Table of Contents

BMI Industry View
Infrastructure SWOT
Industry Forecast
Construction And Infrastructure Forecast Scenario
Table: Construction And Infrastructure Industry Data (Vietnam 2012-2017)
Table: Construction And Infrastructure Industry Data (Vietnam 2018-2023)
Table: Factbox - Key Elements Of Vietnam's Revised Land Law
Transport Infrastructure - Outlook And Overview
Table: Transport Infrastructure Industry Data (Vietnam 2012-2017)
Table: Transport Infrastructure Industry Data (Vietnam 2018-2023)
Table: Competitiveness Of Vietnam's Infrastructure
Table: Vietnam Railway Corporation's Main Targets
Major Projects Table - Transport
Table: Major Projects - Transport
Energy And Utilities Infrastructure - Outlook And Overview
Table: Energy And Utilities Infrastructure Data (Vietnam 2012-2017)
Table: Energy And Utilities Infrastructure Data (Vietnam 2018-2023)
Major Projects Table - Energy & Utilities
Table: Major Projects - Energy & Utilities
Residential/Non-Residential Building - Outlook And Overview
Table: Residential and Non-Residential Building Industry Data (Vietnam 2012-2017)
Table: Residential and Non-Residential Building Industry Data (Vietnam 2018-2023)
Major Projects - Residential/Non-Residential Construction And Social Infrastructure
Table: Major Projects - Residential/Non-Residential Construction And Social Infrastructure
Industry Risk Reward Ratings
Vietnam - Infrastructure Risk/Reward Ratings
Vietnam Risk/Reward Ratings
Asia Pacific - Infrastructure Risk/Reward Ratings
Developed Markets: Favoured
Giants Of Asia: Rewards Sizeable, Risks Sizeable
South East Asia: Political Risks Rises
Table: Asia Pacific Infrastructure Risk Reward Ratings
Market Overview
Competitive Landscape
Table: Vietnam EQS Data
Company Profile
Cavico Corporation
Electricity Vietnam Group
Global Infrastructure Overview
Middle East/North Africa Presents Strongest Investment Profile
Industry Forecast Methodology
Sector-Specific Methodology
Risk/Reward Rating Methodology
Sector-Specific Methodology
Table: Infrastructure Risk/Reward Rating Indicators
Table: Weighting Of Indicators

The Vietnam Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Vietnam Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Vietnamese infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Vietnam to test other views - a key input for successful budgetary and planning in the Vietnamese infrastructure market.
  • Target business opportunities and risks in the Vietnamese infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Vietnam.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).


BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant multinational and national company developments.

These are broken down into Construction (social, commercial and residential), Transport (roads, railways, ports, airports etc), and Energy & Utilities (powerplants, renewable projects, pipelines and so on).

Industry Trends

Analysis of latest projects across the infrastructure sector (covering the transport, utilities and commercial construction sub-sectors) - including:

Market Overview:Analysis of the key elements driving developments, including evaluations of current capacity and future requirements.

Building Materials Overview

The building materials overview provides industry trend analysis on the global and regional demands for building materials and the impact of this on the emerging and developed markets.

Business Environment Rankings

BMI's Infrastructure Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (construction companies, suppliers and partners) in the regional infrastructure market.

The rankings methodology makes sophisticated use of over 40 industry, economic and demographic data point.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry & Economic Forecasts

Historic data series (2008-2012) and forecasts to end-2018 for all key industry and economic indicators, supported by explicit assumptions, plus analysis of key risks to the main forecast. Indicators include:

Construction: Industry value (US$bn); contribution to GDP (%); employment (`000); real growth (%).

Infrastructure: Value (US$bn); contribution to construction industry (%); real growth (%) of transport infrastructure (broken down by railways, airports, roads and bridges, ports and harbours) and energy and utilities (broken down by power plants and transmission grids, oil and gas pipelines, and water infrastructure).

Economy: Economic growth (%); nominal GDP (US$bn); unemployment (%); interest rates (%); exchange rate (against US$).

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc