The country’s construction industry has been the best performaing in the Asia Pacific region with the highest revenue growth rate in recent years. The industry is the largest employer accounting for an increasing contribution to the GDP. Construction has also attracted the most foreign direct investment (FDI) in the past acccording to Statista. The country’s Infrastructure sector market size is projected at $18.33 billion in 2024, and is expected to reach $26.11 billion by 2029, growing at a CAGR of 7% during the forecast period (2024-2029) according to Mordor Intelligence. The Long Thanh International Airport project as well as other key infrastructure projects are set to kickstart the industry this year and beyond.

The demand for quality building and construction materials as well as industry related services is growing exponentially and will soon far surpasses the local supply. More and more private and governmental projects that enter the market face the lack of some quality supply of building materials, services and technology resulting in higher prices. There are immense business opportunities in Vietnam as government and the private sectors are expected to stimulate the economy and create jobs by investing and empowering the construction Industry over the next few years.

Let us further discuss your line of construction materials for our region and explore opportunities for market entry and sales in the territory and market we know best. We will conduct a preliminary assessment with you and review route to market plans, sales strategies and distribution through traditional and modern channels in all professional and private markets as well as DIY, hardware Store and Home Improvement Market.