According to GlobalData, the value of Vietnam construction market is forecast to grow by 6.6% in real terms in 2023, having grown by 8.2% in 2022. 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 road infrastructure construction projects that commenced in Vietnam in Q1 2023, according to GlobalData’s construction projects database.

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1. Hau Giang-Ca Mau Expressway

The project involves the construction of a 72km, four-lane expressway from Hau Giang to Ca Mau in Vietnam.

Construction work started in Q1 2023 and is expected to be completed in Q4 2025.

The project aims to reduce traffic congestion and travel time between the regions. It is a part of the Eastern North-South expressway. Buy the profile here.

2. Van Phong-Nha Trang Expressway

The project involves the construction of a four-lane 83km expressway from Van Phong to Nha Trang in Khanh Hoa province.

Construction work commenced in Q1 2023 and is expected to finish in Q4 2025.

It will start in the territory of Van Tho commune, Van Ninh district and the end point at the intersection with National Highway 27C in Dien Tho commune, Dien Khanh district in Khanh Hoa province, connecting the Nha Trang-Cam Lam section with in within the North-South Highway network in the Eastern Spur. Buy the profile here.

3. Highway 342: Ha Long to Lang Son Expressway Upgrade

The project involves the upgrade of the 60.2km of the Highway 342 from Ha Long to Ba Che district to the border of Lang Son province.

Construction work started in Q1 2023 and is forecast to complete in Q4 2025.

The project aims to reduce traffic congestion and reduce the travelling time. Buy the profile here.

4. Dung Quat – Sa Huynh Coastal Road Phase IIA

The project includes the construction of a 38.3km of coastal road from Dung Quat to Sa Huynh in Quang Ngai province.

Construction work commenced in Q1 2023 and is expected to be completed in Q4 2024.

The project aims to connect coastal routes of Quang Ngai province and link key economic regions in the central region, consolidate national security and defense in the province. Buy the profile here.

5. National Highway 14E Renovation And Upgrade

The project involves the renovation and upgrade of a 70.7km national highway 14E from the Binh Quy Commune in Thang Binh District to the Phuoc Son District’s Phuoc Xuan Commune in Quang Nam.

Construction work started in Q1 2023 and is expected to be completed in Q4 2025.

The project aims to shorten the travel time, facilitate the transport of goods and farm produce, increase the connectivity between Quang Nam and its neighboring localities and Cambodia and Thailand, and boost the province’s economic growth. Buy the profile 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.