Infrastructure sector in Vietnam Market – Growth, Trends, And Forecast (2020 – 2025)
Infrastructure sector in Vietnam market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics has been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. The Market share and Market size prominent players for 2020 to 2025 are profiled in this report.
The Infrastructure sector in Vietnam market is highly competitive and consists of a number of major players: Central power corporation, Coteccons construction joint stock company, Hoa binh construction group joint stock company, Civil engineering construction corporation no1 – jsc, Song da corporation – jsc, Nam long investment corporation, Vietnam expressway corporation, Minh duc concrete and construction company limited, Fecon corporation, Cofico construction
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Scope of the Report
The Infrastructure in Vietnam is estimated to grow at a CAGR of approximately 4% during the forecast period.
Vietnam has been one of Asia’s fastest-growing economies over the past decade, with an average GDP growth rate of 6.2% between 2000 and 2017. Recognizing this, the Vietnamese government has made transport infrastructure a priority and aims to raise investment from USD 7bn (2001 – 2008) to USD 120bn (2020).
Key Market Trends
Increase in FDI in Vietnam
According to Foreign Investment Agency (FIA), a total of USD 14.22 billion in FDI has been disbursed for 2019 a 7.3 % year-on-year increase and 2,759 new projects with a total commitment of USD 10.97 billion have been approved. A total of 112 countries and territories invested in the country in 2018, with Japan leading the way with USD 8.59 billion followed by South Korea (USD 7.2 billion) and Singapore (USD 5 billion). The countrys manufacturing and processing sector have traditionally gained the most interest from foreign investors, and the two sectors attracted USD16.58 billion in FDI 2018 followed by the real estate sector (USD 6.6 billion) and retail sector (USD 3.67 billion).
Demand for road infrastructure:
A series of new transport infrastructure projects are now getting underway in Vietnams Ho Chi Minh City. In all, 13 key traffic projects are being carried out, having been planned by the Ho Chi Minh City (HCMC) management board for traffic projects, The works are worth a total of USD 150 million. As one of the fastest-growing economies in ASEAN, Vietnam has a seemingly endless wish list for infrastructure. In 2019, just 20 percent of the countrys national roads are paved, and a recently approved plan to build a 1,372km north-south highway by 2030 is estimated to cost USD 14bn. The rising population in major cities in recent years has strained and exceeded the capacity of the existing connectivity networks and utility systems. With 50% of Vietnans population expected to be living in cities, Hanoi and Ho Chi Minh are building rapid transit systems exceeding USD 22 billion in the hope of reducing private vehicle ownership and improving air quality.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Infrastructure sector in Vietnam Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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