Vietnam Infrastructure Market Size and Share Outlook Report: Forecast Trends and Growth Analysis (2026-2035)

Key Trends in the Market

Infrastructure is a set of basic facilities and systems such as buildings, energy, power supply, and transport necessary for the proper functioning of a modern society. It encompasses public facilities such as roads, railways, bridges, schools, hospitals, and water and sewer systems, among others, that support daily life.

• The growing emphasis on sustainable infrastructure to tackle climate change is one of the major factors driving the Vietnam infrastructure market growth. For instance, In December 2022, Vietnam received funding of $ 15.7 billion from the G7 countries to transition from coal to clean energy, which is expected to support its goal to become a net zero-emission economy by the year 2050.

• The rising popularity of Infratech, technology in infrastructure, for efficient building and designing of infrastructure is another prominent trend aiding the Vietnam infrastructure market expansion. Some of the popular types of Infratech include digital twin technology and building information modelling (BIM). These technologies can create a virtual model of a building to visualise it in real-time as well as identify any potential issues before the building goes into the development phase.

• The rise in construction projects in the public sector to improve the transportation network also promotes the Vietnam infrastructure market demand. For example, in June 2023, Hoa Binh Construction Group started the construction of the Phuoc An Bridge project, which connects Phu My town to the Nhon Trach district to establish a new road network.

Vietnam Infrastructure Market Segmentation

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Market Share by Infrastructure Type

Transportation infrastructure accounts for a substantial Vietnam infrastructure market share, due to the rising development of road networks to improve connectivity and reduce traffic congestion. Transportation infrastructure also includes roadway systems to connect airports, seaports, and railway stations.

Due to the importance of the transportation infrastructure in driving economic growth and tourism activities, the Vietnam government is actively investing in developing roads, railways, and airports. For instance, in October 2022, Vietnam’s Ministry of Transport set up a budget of $5 billion for phase two of the eastern North-South Expressway project, which is expected to boost the transportation infrastructure of the country.

Rising Focus on Sustainable Infrastructure Development to Aid the Market

As per the Vietnam infrastructure market analysis, the country is gradually shifting towards renewable energy and environmentally friendly materials for its infrastructure to minimise greenhouse gas emissions and establish itself as a green economy in the coming future.

The Vietnamese government approved an action plan in support of replacing all diesel and petrol-powered vehicles with green vehicles by 2050, which fuelled a surge of eco-friendly startups. For example, In May 2022, an electric motorbike startup, Dat Bike, raised a fund of $5 million to promote the electrification of vehicles and enhance the use of lithium-ion batteries in vehicles in the country.

Competitive Landscape

Other Vietnam infrastructure market players include Songda9 Joint Stock Company, Minh Duc Construction Group, COFICO Company, Hung Thinh Incons Joint Stock Company, and Visicons Construction and Investment Joint Stock Company, among others.