Construction in Vietnam - Key Trends and Opportunities to 2019 - New Market Report

From: Fast Market Research, Inc.
Published: Thu Jan 14 2016


Timetric's Construction in Vietnam - Key Trends and Opportunities to 2019 report provides detailed market analysis, information and insights into the Vietnamese construction industry, including:

* The Vietnamese construction industry's growth prospects by market, project type and type of construction activity
* Analysis of equipment, material and service costs for each project type in Vietnam
* Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in Vietnamese construction industry
* Profiles of the leading operators in the Vietnamese construction industry.
* Data highlights of the largest construction projects in Vietnam

Report Highlights

* In 2014, the government signed a directive under the housing development program in Hanoi during 2012-2020, with the vision until 2030. This directive will increase the number of social housing projects in Hanoi by focusing on the construction of residential areas and urban centers in the outskirts of the city. The renovation and reconstruction of downgraded residential buildings and houses will also be included in the program. The plan sets the target to raise the average housing area from 16.7m2 per person in 2009 to 23.1m2 per person by 2015, and 26.3m2 per person by 2020. Such government initiatives will support the growth of the residential construction market over the forecast period.
* To stimulate the sluggish residential market, in July 2013 the government allocated VND30.0 trillion (US$1.4 billion) in bank loan packages for low-income families and housing projects. The home loans are offered for up to 10 years, at an annual interest rate of 6.0%. In a bid to attract more consumers, however, the government reduced the annual interest rate to 5.0% in 2014. In July 2015, the government introduced a new housing law and law on real estate business. The new housing law opens the door for foreign entities and individuals to invest in residential properties. Under the law on real estate business, the government allows foreign entities and individuals to own offices and factories, and allows foreign-invested enterprises to lease office buildings and facilities for commercial purposes. Government efforts to increase the demand for housing property will support the growth of the residential construction market over the forecast period.

Full Report Details at
- http://www.fastmr.com/prod/1108221_construction_vietnam_key.aspx?afid=301

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