Business Monitor International


Vietnam Infrastructure Report

Published 22 January 2014

  • 159 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Vietnam Infrastructure Report

BMI View: Vietnam's construction sector is in an upward cyclical phase, as evidenced by a real growth rate of 5.3% y-o-y in the first nine months of 2013. We believe this could continue in 2014 and are maintaining our growth forecasts of 5. 8 % for 2014. Easy monetary conditions and greater investment interest from foreign sources in Vietnam's construction sector is likely to support growth for the year . Furthermore , the government continues its efforts to restructure state-owned enterprises and improve its business environment , both of which w ould level the playing field, free up public funds and improve profitability, and help to attract additional investment for infrastructure development over the coming years.

The major developments in Vietnam's infrastructure sector are:

  • In November 2013, the Vietnamese government approved an amendment in its Land Law ( see 'Revised Land Law A Major Step In Tackling Corruption', December 9 2013). The revised legislation, which will come into effect on July 1 2014, is aimed at limiting land disputes by prohibiting the government from appropriating land for socio-economic development unless such projects have been approved by the prime minister and the Vietnamese parliament. We believe this revision is a major step in strengthening the regulatory framework and will increase transparency for projects that are implemented under the direction of the provincial government. It would also help reduce the risk of project delays which have been caused by long and costly disputes over compensation.

  • In October 2013, the Railway Gazette reported that Line 5 of the Ho Chi Minh metro system will be financed by three international organisations instead of two as previously announced by state officials. The Asian Development Bank, the European Investment Bank and the Spanish government will provide US$500mn, EUR150mn (US$206mn) and EUR200mn (US$275mn) respectively, to construct in 2015 the first 8.9km of the line...

Table of Contents

BMI Industry View
7
SWOT
9
Infrastructure SWOT
9
Industry Forecast
11
Construction And Infrastructure Forecast Scenario
11
Table: Vietnam Construction And Infrastructure Industry Data, 2012-2017
11
Table: Vietnam Construction And Infrastructure Long-Term Forecasts, 2018-2023
13
Table: Factbox - Key Elements Of Vietnam's Revised Land Law
20
Transport Infrastructure - Outlook And Overview
23
Table: Vietnam Transport Infrastructure Industry Data, 2012-2017
23
Table: Vietnam Transport Infrastructure Long-Term Forecasts, 2018-2023
25
Table: Competitiveness Of Vietnam's Infrastructure
28
Table: Vietnam Railway Corporation's Main Targets
33
Major Projects Table - Transport
42
Table: Major Projects - Transport
42
Energy And Utilities Infrastructure - Outlook And Overview
58
Table: Vietnam Energy & Utilities Infrastructure Industry Data, 2012-2017
58
Table: Vietnam Energy & Utilities Infrastructure Industry Long-Term Forecasts, 2018-2023
59
Major Projects Table - Energy & Utilities
75
Table: Major Projects - Energy & Utilities
75
Residential/Non-Residential Building - Outlook And Overview
93
Table: Vietnam Residential And Non-residential Building Industry Forecasts, 2012-2017
93
Table: Vietnam Residential And Non-residential Building Long-Term Forecasts, 2018-2023
94
Major Projects - Residential/Non-Residential Construction And Social Infrastructure
101
Table: Major Projects - Residential/Non-Residential Construction And Social Infrastructure
101
Industry Risk Reward Ratings
105
Vietnam - Infrastructure Risk/Reward Ratings
105
Vietnam Risk/Reward Ratings
105
Rewards
105
Risks
106
Asia - Infrastructure Risk/Reward Ratings
107
Table: Asia Pacific Infrastructure Risk Reward Ratings
115
Market Overview
116
Competitive Landscape
116
Table: Vietnam EQS Data
116
Company Profile
117
Cavico Corporation
117
Electricity Vietnam Group
120
Global Infrastructure Overview
125
Africa In 2014: PPPs Cement Global Appeal
125
Asia-Pacific In 2014: Shaping Up To Be A Benign Year
130
Latin America In 2014: A Prosperous Year For Infrastructure Development
137
MENA In 2014: Reaping Rewards Despite Risks
140
North America And Europe In 2014: Turning A Corner
145
Methodology
152
Industry Forecast Methodology
152
Sector-Specific Methodology
153
Risk/Reward Rating Methodology
157
Sector-Specific Methodology
158
Table: Infrastructure Risk/Reward Rating Indicators
158
Table: Weighting Of Indicators
159

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).

Coverage

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 Ratings

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

The ratings 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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Testimonials

'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