According to the report analysis, ‘Vietnam Construction Comprehensive Reports Q1/2020’ states that in the Vietnam construction market there are several corporate which recently functioning more actively for leading the fastest market growth and dominating the handsome value of market share around the region while delivering the better consumer satisfaction, decreasing the associated price, spreading the awareness related to the construction services, employing the advanced technologies at the construction site, implementing the effective profitable strategies and studying the government’s norms includes Coteccons Construction Joint Stock Company, HoaBinh Construction & Real Estate Corporation, Petro Vietnam Construction Joint Stock Corporation, NinhBinh Vissai Joint Stock Company, CIENCO4 Group, Construction Corporation No.1 Joint Stock Company, Delta Civil And Industrial Construction Company Ltd, Song Da Corporation, Construction Joint Stock company 47 and several others.
However, the Asian construction industry is presenting the signs of cooling down, the Chinese economic growth slowdown has meanderingly obstructed the construction industry of this region. A series of the industries and input materials exaggerated as cement, steel, China accounts for a great proportion not only in the global construction industry but also in Asia so China’s propel on the market. School building location is enormous. Meanwhile, across Europe and North America, the Construction market unrelenting to remain unmovable, not increasing for numerous years, owing to the unhinged economic situation across the Europe and unsustainable repossession.
Whereas, the Vietnam is one of the maximum attractive terminuses for the retailers in Southeast Asia owing to the booming region. With an export-oriented region, with exports registering for a momentous part of 80% of nominal GDP, Vietnam is fascinating a great and increasing amount of the foreign investment. With the augmenting requirement for the land and industrial plants, this sector will endure to be an attractive investment frequency.
In the foremost 9 months, the retail market in Hanoi was disconsolate, no fresh projects were established, the operation issue did not change much associated to Q4 / 2018, while the HCMC market. HCM endures to augment the retail supply, rental rates as well as residence rates are advanced.
Not only has this, during the first 9 months of 2019, while the market for apartments for promotion in Hanoi was vigorous from the plentiful fresh supply to sales, the HCMC market. Ho Chi Minh City again decreased the supply as well as sales owing to the limited land. However, the asking cost of the city. Ho Chi Minh City augmented sharply in Q3 / 2019 owing to a number of high-end projects established. Therefore, in the upcoming duration, it is anticipated that the market of construction will increase around the globe more progressively over the forthcoming years.
In the transport infrastructure, roads and bridges lead to a contribution to the total value of the transport infrastructure industry, accounting for 56% of the total value in 2016. Vietnam’s seaport network includes consisting of many small and medium units, with inefficient distribution. The airport system in Vietnam is mostly operating below capacity.
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Ankur Gupta, Head Marketing & Communications