According to GlobalData, the value of Vietnam construction market is forecast 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 top five road infrastructure construction projects that commenced in Vietnam in Q1 2024, according to GlobalData’s construction projects database.
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1. Lang Son to Cao Bang Expressway
The project involves the construction of a four-lane, 17m wide, 121.06km expressway connecting Lang Son and Cao Bang provinces in Vietnam.
Construction work started in Q1 2024 and is expected to be completed in Q4 2027.
The aim of the project is to alleviate traffic congestion and will open a new direction for transport, trade and socio-economic development in the region.
2. Central Khanh Hoa – Lam Dong – Ninh Thuan Highway
The project involves the construction of a nine-meter wide, two-lane 57km highway on 129ha to link the central Khanh Hoa, Lam Dong, and Ninh Thuan provinces.
Construction work commenced in Q1 2024 and is expected to finish in Q4 2027.
It intends to ease traffic on Provincial Road No.9.
3. Dong Nai Province Road: 25C Road
The project involves the construction of a 6.4km-long 61m wide road from Hung Vuong Street to Nguyen Huu Canh Street in Ho Chi Minh City.
Construction work started in Q1 2024 and is forecast to complete in Q1 2026.
4. Tien Phong – Tu Lap Road
The project involves the construction of a 6.2km road between Tien Phong and Tu Lap with 58m width in Ha Noi.
Construction work commenced in Q1 2024 and is expected to be completed in Q1 2025.
5. Dong Nai Province Road: Ton Duc Thang Road
The project involves the construction of a 3.8km long road from Nhon Trach District to Quach Thi Trang Street in Dong Nai Province.
Construction work started in Q1 2024 and is expected to be completed in Q1 2026.
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.
