Large infrastructure construction site with cranes and bridge pillars under development, with power transmission lines in the background, representing Vietnam’s transport and infrastructure growth.

Vietnam Construction and Infrastructure Market

Transport Infrastructure, PPP Projects, and Urban Development

Vietnam allocates 5–8% of its GDP to infrastructure, one of the highest rates globally. The construction market, valued at 78.3 billion by 2033. This boom is fueled by a $58 billion government commitment to transport infrastructure through 2030.

Massive projects are currently redefining the landscape, including the 2,000 km North-South Expressway, the Long Thanh International Airport, and urban metro lines in Hanoi and Ho Chi Minh City. These hubs account for over 60% of all construction activity. While local giants like Coteccons and Hoa Binh lead residential projects, international firms often secure high-tech EPC contracts for bridges and power plants, frequently backed by ODA financing.

Demand for materials remains robust; Vietnam produced over 100 million tons of cement in 2025 and sees steel consumption rising 8–10% annually. The 2021 PPP Law was designed to further attract foreign capital into transport and water projects, though navigating land clearance and bureaucratic approvals remains a critical step for new entrants.