According to GlobalData, the value of Vietnam construction market is forecast to grow by 6.6% in real terms in 2024, having grown by 8.2% in 2023. A key growth market will be the infrastructure market, with output rising by 11.0% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the top five manufacturing plant construction projects that commenced in Vietnam in Q2 2024, according to GlobalData’s construction projects database.
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1. Duc Hoa III Industrial Park Textile Product Finishing Factory
The project involves the construction of a 360,000m2 textile product finishing factory on 36ha of land with a production of 180 million meters of fabric per annum (equivalent to 36,000 tons of products per annum) in Duc Hoa district, Long An.
Construction work started in Q2 2024 and is expected to be completed in Q4 2026.
2. Huu Thanh Beverage Manufacturing Plant
The project involves the construction of a beverage manufacturing factory with a production capacity of 800 million liters per annum on 20ha of land in Long An.
Construction work commenced in Q2 2024 and is expected to finish in Q1 2026.
3. Vietnam OLED Display Factory
The project involves the construction of an OLED manufacturing plant on 50ha of land in Vietnam.
Construction work started in Q2 2024 and is forecast to complete in Q4 2025.
The project aims to produce 3 million TVs, 7 million displays, and 40 million ePaper displays. Buy the profile here.
4. Gia Binh Industrial Park Computer Hardware Manufacturing Plant
The project involves the construction of a computer hardware manufacturing plant on 10ha of land in Bac Ninh.
Construction work commenced in Q2 2024 and is expected to be completed in Q1 2026.
5. Nam Ich Thai Thang Textile and Garment Factory
The project involves the construction of a textile and garment factory on 8.2ha of land in Thanh Hoa.
Construction work started in Q2 2024 and is expected to be completed in Q1 2025.
For more details on the latest construction projects, buy the profiles here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
