Construction Industry Asia Forecast: Vietnam Review - PowerPoint PPT Presentation

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Construction Industry Asia Forecast: Vietnam Review

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Vietnam has transformed from one of the poorest country in the world to being one of the world’s lower middle-income country in less than three decades. The country has already met 5 of its 20 millennium development goals. This year, the country is focusing on focusing on its infrastructures to continue growing and developing. Axis Capital Group, a construction company based in Singapore which sells and rents capital construction equipment’s in Jakarta, Indonesia, Vietnam and other developing countries in Asia has witnessed the growth and big leap of the country in its construction industry. – PowerPoint PPT presentation

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Title: Construction Industry Asia Forecast: Vietnam Review


1
Construction Industry Asia Forecast Vietnam
Review
  • Axis Capital Group construction equipment
    Singapore Jakarta Hong Kong

2
Construction Industry Asia Forecast Vietnam
Review
3
  • Vietnam has transformed from one of the poorest
    country in the world to being one of the worlds
    lower middle-income country in less than three
    decades.

4
  • The country has already met 5 of its 20
    millennium development goals. This year, the
    country is focusing on focusing on its
    infrastructures to continue growing and
    developing.

5
  • Axis Capital Group, a construction company based
    in Singapore which sells and rents capital
    construction equipments in Jakarta, Indonesia,
    Vietnam and other developing countries in Asia
    has witnessed the growth and big leap of the
    country in its construction industry.

6
  • According to reviews, in 2013, when the countrys
    economy grew by 5, its construction spending
    also grew by 6.68.

7
  • With improved credit facilities, the Residential
    Construction with the help of international
    construction assistance is expected to drive the
    construction market in Vietnam during the coming
    years.

8
  • The construction industry market in Vietnam is
    dominated by the low-cost and affordable housing
    sector.

9
  • With the sustained growth of the countrys
    economy over the years, the purchasing power of
    the population has increased, particularly of the
    middle class population. This has created demand
    for affordable housing in the country.

10
  • The government of Vietnam is also focusing on
    providing housing facilities to the low-income
    groups. The gap between the demand and supply of
    energy in Vietnam has led to construction
    companies focusing on energy-efficient practices
    in building construction.

11
  • Features such as rainwater harvesting and
    renewable energy powered water- heating
    systems are being extensively implemented in both
    and new construction projects.

12
  • While other sectors of the economy like
    agriculture, manufacturing and services are
    struggling to stay afloat the industry has
    achieved positive growth thanks to the
    Government's economic stimulus measures, lower
    interest rates and failing prices of building
    materials.

13
  • Figures from the Ministry of Construction show
    that the industry achieved a year-on-year growth
    rate of 5.4 in the first half of this year. In
    its report at the mid-term Consultative Group
    Meeting in June, the World Bank forecast that the
    industry could achieve double-digit growth this
    year.

14
  • Over the long term, the construction industry has
    much room for growth thanks to the big complaints
    and demands for infrastructure and housing
    development.

15
  • In the transport sector, Vietnam plans to develop
    as expressway system from the North to the South,
    deepwater seaports in Haiphong, Khanh Hoa and Ba
    Ria-Vung Tau and a big international airport in
    Dong Nai.

16
  • In the energy sector, many hydropower projects
    will be built between now and 2020 to meet the
    increasing power demand. In the tourism sector,
    more luxury hotels will be developed to
    accommodate international visitors.

17
  • Tourism authorities have estimated that Hanoi
    will need additional 13,000 rooms of three to
    five star standard and HCM 7,000 rooms by 2020.

18
  • In the housing sector, the Government has
    approved an urban upgrading program to 2020 with
    total investment amounting to VND175 trillion,
    aiming to upgrade cities from grade four up,
    housing areas of low-income people and urban
    centers with poor technical infrastructure.
    Meanwhile, people also want to upgrade or build
    homes.
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