Vietnam Infrastructure Report

Providing expert analysis, independent forecasts and competitive intelligence on the Infrastructure industry.

Report includes: BMI Industry View, Industry SWOT Analysis, BMI Industry Forecast, BMI's Infrastructure Risk Reward Index, Market Overview and Company Profiles.

Why you should buy this report

  • Gain independent insight into the outlook for the infrastructure industry through BMI's 10 year forecasts
  • Understand the market through analysis of projects , investment plans and key players
  • Understand the threats to your operations and investments and protect your company against future risks
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Vietnam Infrastructure Report
Product Price
$1,295.00

BMI View : The positive outlook for Vietnam's construction sector is supported by strong economic growth and regulatory changes. We expect residential and non-residential building segment to outperform in the long term, as real estate and manufacturing sectors will continue to benefit from increased foreign investment.

Latest Updates And Structural Trends

  • Our Country Risk (CR) team maintain their forecast for Vietnam's real GDP growth to come in at 6.6% in 2016 (from 6.7% in 2015), which would make Vietnam one of the fastest growing economies in Asia. In turn, our outlook for Vietnam's construction industry remains positive and we forecast real growth of 5.9% and 6.3% in 2016 and 2017 respectively.

  • Vietnam's transport sector has great potential and will remain a key focus of the country in 2016. In the long term, we expect the residential and non-residential building industry to outperform between 2017 and 2025. The sector will grow at an annual average rate of 6.6% during this period due to sustained urbanisation, rapid industrialisation, growing tourism sector and measures to reduce restrictions on foreign ownership of property.

  • We believe consistent fiscal deficits in Vietnam as a result of a lack of spending prudence could undermine much needed infrastructure development and remain a blemish on the strong economic growth.

Infrastructure - Construction Industry Forecasts (Vietnam 2015-2021)
2015e 2016f 2017f 2018f 2019f 2020f 2021f
e/f = BMI estimate/forecast. Source: Vietnam General Statistics Office, BMI
Construction industry value, VNDbn 215,873.39 232,993.45 259,029.04 287,501.51 318,830.25 353,458.93 391,414.87
Construction Industry Value, Real Growth, % y-o-y 2.06 5.88 6.27 6.09 6.10 6.06 6.04
Construction Industry Value, % of GDP 5.1 5.1 5.1 5.0 5.0 5.0 5.0

Risk/Reward Index

  • Vietnam ranks in 13th position, out of 21 countries. This is largely owing to the high business risks due to corruption and significant potential for delays to project development.

  • The country's overall score rose to 55.7 out of 100 from 54.2 in the previous quarter. Vietnam achieves a high score for the level of policy continuity and sector growth.

  • Positive policy formation in terms of public private partnership regulations, investment laws and foreign ownership restrictions on property also support our increasingly positive outlook.

Infrastructure Risk Reward Index (Vietnam)
Risk/Reward Index Rewards Industry Rewards Country Rewards Risks Industry Risks Country Risks
Source: BMI
55.7 56.9 55.0 60.4 52.8 40.0 61.3
BMI Industry View
5
Table: Infrastructure - Construction Industry Forecasts (Vietnam 2015-2021)
5
Table: Infrastructure Risk Reward Index (Vietnam)
6
SWOT
7
Industry Forecast
9
Infrastructure & Construction - Real Estate And Manufacturing To Drive Growth - Q2 2016
9
Latest Updates
9
Table: Construction And Infrastructure Industry Data (Vietnam 2015-2025)
10
Transport Infrastructure - Outlook And Overview
17
Table: Transport Infrastructure Industry Data (Vietnam 2015-2025)
17
Table: Competitiveness Of Vietnam's Infrastructure
19
Table: Transport Projects
31
Energy And Utilities Infrastructure - Outlook And Overview
32
Table: Energy And Utilities Infrastructure Data (Vietnam 2015-2025)
32
Table: Key Projects: Energy & Utilities
48
Residential/Non-Residential Building - Outlook And Overview
49
Table: Residential and Non-Residential Building Industry Data (Vietnam 2015-2025)
49
Table: Construction & Social Infrastructure
54
Industry Risk Reward Ratings
55
Vietnam - Infrastructure Risk/Reward Index
55
Rewards
55
Risks
56
APAC Infrastructure RRI: Affirming A Benign 2016 Outlook
58
Table: Asia Risk/Reward Index
65
Market Overview
66
Competitive Landscape
66
Table: Vietnam: Key Companies Financial Data
67
Company Profile
68
Cavico Corporation
68
Electricity Vietnam Group
71
Methodology
75
Industry Forecast Methodology
75
Sector-Specific Methodology
76
Risk/Reward Index Methodology
80
Sector-Specific Methodology
81
Table: Infrastructure Risk/Reward Index Indicators
81
Table: Weighting Of Indicators
82

The Vietnam Infrastructure Report features BMI Research'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 national and multinational company developments. These are broken down into construction (social, commercial and residential), transport (roads, railways, ports, airports, etc), and energy & utilities (powerplants, pipelines and so on).

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 Forecasts

Historic data series (up to 2012) and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key developments in the market and risks to the main forecasts. Indicators include:

Construction: Industry value (USDbn); contribution to GDP (%); total capital investment (USDbn); real growth (%).

Construction industry real growth forecasts (%) and industry value (USDbn) forecasts for industry sectors are split into Residential and Non-residential and Infrastructure sectors. Where the data is available for particular countries the infrastructure is further broken down into indicators for the transport subsectors of roads, railways, airports and ports and the energy and utilities sub-sectors of power plants and transmission grids, oil & gas pipelines and water infrastructure. This dataset is unique to the market.

The reports also include analysis of latest projects across the infrastructure sectors (transport, utilities, commercial construction).

BMI’s Infrastructure Risk Reward Index

BMI’s Risk Reward Index provides investors (construction companies, suppliers and partners) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and  demographic data points. These provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

An assessment of the competitive landscape and key challenges to entering the market. Details of the largest companies active in the sector across the sub-segments of the industry, including the key financial figures from some of the largest players in the sector.

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 company 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.

Sources

The Infrastructure reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.