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 Q4 2024, according to GlobalData’s construction projects database.
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1. Vung Ang Electric Vehicle Plant
The project involved the construction of a car manufacturing plant on 36ha of land in the Vung Ang Economic Zone, Ky Anh district, Ha Tinh.
Construction work started in Q4 2024 and is expected to be completed in Q3 2026.
2. Nguyen Trai Bridge
The project involves the construction of a 26m wide, 1.5km four-lane cable-stayed bridge across the Cam River in Hai Phong.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2027.
3. Nhon Trach VI Industrial Park Warehouse
The project involves the construction of a 97,000m2 ready-built warehouse on 14.5ha of land in Dong Nai province.
Construction work started in Q4 2024 and is forecast to complete in Q2 2025.
4. Tuyen Quang Biomass Power Plant 50 MW
The project involves the construction of a biomass power plant with a capacity of 50MW and a consumption capacity of 500,000 tonnes of wood residue per annum in Tuyen Quang.
Construction work commenced in Q4 2024 and is expected to be completed in Q2 2027.
5. Ba Lai 8 Bridge
The project involves the construction of a 0.563km long bridge with a width of 22.5m comprising six lanes and an access road of 12.37km long to connect Ben Tre with Tien Giang and Tra Vinh in Vietnam.
Construction work started in Q4 2024 and is expected to be completed in Q4 2025.
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.
