The value of Vietnam construction market is forecasted by GlobalData 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 five largest construction projects initiated in Vietnam during Q3 2024, according to GlobalData’s construction projects database.
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1. Sun Urban City
The project involves the construction of Sun Urban City on 420ha of land in Phu Ly City, Ha Nam.
Construction work started in Q3 2024 and is expected to be completed in Q4 2028.
2. Tam Sinh Nghia Waste-to-Energy Plant
The project involves the construction of a 200MW waste-to-energy plant with a waste processing capacity of 8,000 tonnes per day in Cu Chi district, Ho Chi Minh City.
Construction work commenced in Q3 2024 and is expected to finish in Q4 2030.
3. Cat Ba Central Bay Tourism Development Project
The project involves the construction of the Cat Ba Central Bay tourism and commercial service project on 45.7 hectares of land in Cat Ba, Haiphong City.
Construction work started in Q3 2024 and is forecast to complete in Q3 2026.
4. The Senique Hanoi
The project involves the construction of a 37-storey residential complex on 2.1ha land in Hanoi City.
Construction work commenced in Q3 2024 and is expected to be completed in Q1 2027.
5. Dai An Industrial Park Stationery Items Manufacturing Facility
The project involves the construction of a manufacturing facilities of 21.2ha at Dai An Industrial Park in Hai Duong Province.
Construction work started in Q3 2024 and is expected to be completed in Q4 2026.
It will create 3,000 employment jobs.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
