2010-01-04 14:41:56 -
Vietnam Construction Market Data & Forecast to 2013 - a new market research report on companiesandmarkets.com
www.companiesandmarkets.com/Summary-Market-Report/vietnam-constr ..
Vietnam Construction Market Data & Forecast to 2013 report is the essential source for Construction industry data and analysis covering Vietnam, both at the top level and providing in-depth category and channel insight.
The report provides historical data and forecasts for the Vietnamese Construction industry in the period 2004-2013, detailed profiles and financial metrics covering the major market players, a breakdown of key recent M&A and partnership activity, and comprehensive analysis of the key factors driving the industry at consumer, market and company level.
The Vietnamese construction industry grew at a CAGR of 20.93% for the period 2003-2008. Non-residential sectors market share was 51.4% in 2008, while residential sector accounted for the balance 48.6%. Located in South-East Asia, Vietnam, once
a war savaged land, is now a fast developing market. Over the five years prior to 2008, the Vietnamese economy has recorded 8% growth in Gross Domestic Product (GDP), making it one of the fastest growing Asian markets. Even in the face of recession in 2008, the country reported a robust GDP growth of 6.2%. Vietnam has been moving to industrialization over the last two decades. The industry and construction sector which accounted for 23.8% of the countrys GDP in 1991 has grown to 39.9% in 2008. Construction alone accounted for 6.5% of the GDP in 2008. The total construction market value in Vietnam at the end of 2008, accounted for VND95,964 billion (US$5.8 billion). This was an increase of 20.8% over 2007, and a CAGR of 20.93% over the period 2003-2008. Various laws aimed at planning and development of construction projects such as construction law in 2003, housing law in 2005, and real estate law in 2006 helped the industry realize strong growth over the last five years. Vietnamese government also made strong investments in the non-residential construction sector. The last two years has seen a healthy flow of funds from foreign direct investment. This has helped provide a strong boost to the residential and non-residential construction projects.
