The construction industry in Vietnam has experienced remarkable growth over the past few years. With the government's efforts to promote infrastructure development and urbanization, the industry has become a key contributor to the country's economic growth. In this article, we will examine the key statistics from 2022, the factors contributing to the industry's growth and success, industry growth and comparison to previous years, key trends, challenges, and future outlook.
Filter bySearch by company name, registration number or domain name
Company
Headcount
Contact
Description
Decision Maker
AECOM
65,621
+65 6299 2466
AECOM is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from advisory, planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical and digital expertise, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.1 billion in fiscal year 2022. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.
ARCADIS
31,278
+65 6222 3888
Arcadis is the world’s leading company delivering sustainable design, engineering, digital and consultancy solutions for natural and built assets. We are more than 36,000 architects, data analysts, designers, engineers, project planners, water management and sustainability experts, all driven by our passion for improving quality of life.We exist to find solutions to today’s most pressing challenges, from the impact of climate change to increasing urbanization and digital transformation – all with the goal of improving quality of life for people around the world. You can see this in the work we do for our clients, the opportunities we create for our people, and in our efforts to enhance the communities in which we live and work. We bring together world-class resources and the latest innovative technologies to help define the cities and experiences of tomorrow.Arcadis. Improving quality of life
ATAD STEEL STRUCTURE CORPORATION
256
+84 28 3926 0666
ATAD specializes in providing complete solutions including consulting, design, fabrication and erection of high-quality pre-engineered steel building and steel structure products. Since its establishment in 2004, ATAD has implemented more than 3500 steel buildings across 40 countries around the world. We provide customers with full steel structures such as factories, warehouses, high-rise building, heavy industry, shopping mall, exhibition centers, infrastructure (railway stations, airports…)ATAD has more than 2200 motivated employees, a quality international management system ISO 9001:2015; ISO 14001:2015, ISO 45001:2018, and 2 modern factories with a total area of 211,000 m2. Our factories are among the largest and most advanced steel structure production facilities in the world. Especially, ATAD Dong Nai factory is the first steel structure factory in Asia to achieve LEED GOLD certification, and the first factory office to achieve LEED Platinum certification in VietnamThe number of customers has been increasing continuously every year confirms ATAD’s top position in the market. ATAD is also a sustainable partner of leading contractors, consultants and investors in Vietnam and the world from Japan, Korea, USA and EU– Construction contractor: Kajima, Toda, Shimizu, Daiwa House, Penta Ocean, Coteccons…– Construction Consultancy: Haskoning, Toyo, Idco, Nagecco, Newcc, Archetype, Icic…– Clients: Pepsi Co, Coca Cola, Samsung, Unilever, Heineken, Nippon Steel, Colgate Palmolive…Some typical projects of ATAD at Vietnam and overseas: Vinfast Automobile Manufacturing Complex, Hoa Phat – Dung Quat Steel Complex, Passenger Terminal – Cam Ranh International Airport, Passenger Terminal – Da Nang International Airport, Passenger Terminal – Wattay International Airport (Vientiane, Laos), Vinh Tan 4 Expansion Thermal Power Plant, Ho Chi Minh City Urban Railway Project, Long Son Petrochemical Complex, Longwell Shoe Factory, Brotex Fiber Color Factory...
BLACK & VEATCH
10,139
+65 6738 4022
Black & Veatch is an employee-owned, global leader in building critical human infrastructure in Energy, Water, Telecommunications and Government Services. Since 1915, we have helped our clients improve the lives of people in over 100 countries through consulting, engineering, construction, operations and program management. Our revenues in 2018 were US $3.5 billion. Follow us on www.bv.com and in social media.Black & Veatch Holding Company, its subsidiaries and its affiliated companies, complies with all Equal Employment Opportunity (EEO) affirmative action laws and regulations. Black & Veatch does not discriminate on the basis of age, race, religion, color, sex, national origin, marital status, genetic information, sexual orientation, gender Identity and expression, disability, veteran status, pregnancy status or other status protected by law.
BOSKALIS
6,180
+65 6668 4222
Boskalis is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as extreme weather conditions and rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions across the world. The company facilitates the development of offshore energy infrastructure, including renewable wind energy ans is active in the construction and maintenance of ports, waterways, access channels and civil infrastructure. Boskalis is a global marine salvage expert and has a strategic partnership in terminal services (Smit Lamnalco).
DOKA
3,043
+65 6897 7737
Doka is a world leader in providing innovative formwork, solutions and services in all areas of construction. The company is also a global supplier of well-thought-out scaffolding solutions for a varied spectrum of applications. With more than 160 sales and logistics facilities in over 60 countries, Doka has a high-performing distribution network for advice, customer service and technical support on the spot and ensures that equipment is provided swiftly – no matter how big and complex the project. Doka employs 6,800 people worldwide and is a company of the Umdasch Group, which has stood for reliability, experience and trustworthiness for more than 150 years.Find out more: www.doka.comStart your career with Doka: www.doka.com/career
HILTI ASIA PACIFIC
1,636
+65 6777 7887
Hilti is where innovation is improving productivity, safety and sustainability in the global construction industry, and beyond. Where strong customer relationships are creating solutions that build a better future. Where there is pride and a sense of belonging across our 120 locations, carrying right into our lives and homes. Where people are exploring possibilities, leveraging their potential, owning their personal development and growing lasting careers.We are proud to be consistently ranked among the world’s best places to work including the Sunday Times 100 Best Companies to Work For (2017) The World’s Best Multinational Workplaces (2017) and 7th place in the Best Multinational Workplaces category in Europe (2017). These awards are a testament to our investment in our people and culture. We employ over 30,000 employees in more than 120 locations around the world. Our commitment to innovation and customer excellence is matched only by our passion for growing and nurturing high-performing people—from the brightest graduates to the most experienced industry professionals. For unique and diverse career opportunities, take a look at our worldwide careers and open positions at careers.hilti.comHilti Asia PacificWe have more than 5,000 employees in 14 Sales & Marketing Organizations across the region: China, Japan, Korea, Hong Kong, Taiwan, Australia, New Zealand, India, Singapore, Malaysia, Thailand, Vietnam, Indonesia, and Philippines. The North Asia region headquarters is located in Hong Kong and our South Asia Pacific region is headquartered from Singapore. In addition, we have manufacturing plants located in China (Zhanjiang, Shanghai & Suzhou) India and Taiwan, as well as an IT Competence Centre in Malaysia, which provides services and solutions to the Hilti Business globally.
JURONG ENGINEERING LIMITED
835
+65 6265 3222
JEL is a leading engineering and construction company based in Singapore, with a network of companies spanning across Asia, Africa, and the Middle East. Since inception in 1971, JEL has reliably delivered successful projects in power & industrial plants in more than 30 countries.With multifaceted project management capabilities and a strong diverse workforce, JEL provides a full range of services in engineering, procurement, construction and maintenance across the world.With an outstanding track record, strong engineering expertise, and extensive range of experience, we partner customers to achieve success in new markets, challenges, and geographies.
LEIGHTON ASIA
3,149
+65 6327 1969
Leighton Asia leverages comprehensive sector expertise and geographic diversity as a leading construction provider. We possess a unique combination of local knowledge and extensive international experience, which allows us to develop competitive, innovative and practical solutions across Asia, India and the global offshore market. Our ability to consistently deliver results to clients, shareholders and communities in our geographically vast and culturally diverse footprint is backed by our motivated, focused and performance-driven employees.Leighton Asia is a member of the CIMIC Group.
PAN-UNITED CORPORATION
204
+65 6305 7373
Pan-United Corporation Ltd is a Singapore-grown and publicly-listed concrete innovation multinational company, with operations in four Asian countries and a workforce of more than 1,000 people. We have world-leading in-house R&D capabilities that have helped us to develop over 300 specialised concrete products, and counting.Pan-United is in an exciting stage of our transformation to become a continuous innovator in the built environment industry and fulfil our vision of becoming a technology company in concrete and logistics.Our use of advanced digital technologies including artificial intelligence and data analytics, allows us to manage up to 7,000 trucking trips a day. We have produced a ride-hailing platform goTruck! that matches the demand and supply of heavy vehicles in the built industry. Our latest offering is a scalable software-as-a-system (SAAS) called AiR, that optimises supply chains for cement and concrete companies.
PERI
4,315
+65 6744 2989
PERI is one of the leading manufacturers and suppliers of formwork and scaffold systems in the world. With a turnover of € 1,846 million in 2022, PERI is one of the largest manufacturers and suppliers of formwork and scaffolding systems. With around 9,100 employees and well over 160 warehouse locations in more than 65 countries, the family-owned company with headquarters in Weissenhorn (Germany) serves its customers with innovative system equipment and comprehensive services relating to all aspects of formwork and scaffolding technology.A powerful innovative strength, the high level of engineering service expertise and top quality materials ensure cost-effective, efficient and safe solutions for formwork and scaffolding projects around the globe.Imprint:Publisher:PERI SERudolf-Diesel-Straße 1989264 WeissenhornGermanyPhone.: +49 (0)7309.950-0Fax: +49 (0)7309.951-0info@peri.comwww.peri.comLocation of Headquarters: WeißenhornRegistry Court Memmingen HRB 19649Members of the Board: Members of the Board: Christian Schwörer (CEO), Jürgen Voss (CFO), Stanley Wojcieszczyk (CSO)Chairman of the Administrative Board: Prof. Dr. Rainer KögelVAT No. DE 811204371
SARENS
2,624
+60 1-300-72-7367
Sarens has been providing heavy lift, engineered transport and specialized rigging services for 60 years, building a thriving global enterprise that today operates in over 60 countries and on 6 continents. Our work is based on a rigorous understanding of the industries we serve. Whether it’s transporting turbine rotors at a nuclear power plant, relocating a tunnel boring machine or providing engineered lift and transport solutions for accelerated bridge construction, we have the resources and the knowledge to provide innovative solutions. With state-of-the art-design tools and one of the world’s largest inventories of cranes, transporters, and specialty rigging equipment, along with a team of highly skilled professionals, Sarens is well prepared to support your next heavy lift, engineered transport and specialized transport project.
SUNRAY WOODCRAFT CONSTRUCTION PTE LTD
430
+65 6566 2311
Sunray Woodcraft Construction Pte Ltd is a leading award-winning construction company in Singapore since 1987, specialising in Interior Fit-Out, Addition and Alteration works. We are a one-stop smart solutions provider that undertakes assignments from the initial project diagnosis to conceptualizing solutions, procurement, supervision, production, installation and maintenance - taking responsibility of projects from start to end. Synonymous with unique, distinctive and high quality interior space, our businesses have spanned across Asia and we attribute our success to these four pillars - a pool of talented professionals; state-of-the-art technology; decades of experience and the trust and support from a network of partners. Our people is our core strength.We believe in a thriving environment with scope for open discussions, care and inclusivity that has, in turn, contributed to the conception of creditable relations between employees and employers. As we evolve and capture new markets, we consolidate existing practises while adapting to new changes. Our future looks as apt as its name - bright and overarching, set to become a company not just successful in making it commercially but also in training and retaining the best talents while delivering our commitment and promises to the society and clients through our constant pursuit of excellence and perfection.
VSL INTERNATIONAL LTD.
1,553
+65 6559 1222
VSL is a specialist in post-tensioned and cable-stayed structures, foundations and ground engineering. It thus contributes to the design and construction of transport infrastructure (bridges, tunnels, roads), buildings, and industrial & energy-producing structures, and it maintains, repairs and upgrades all structural systems that guarantee performance, safety and durability.VSL is part of Bouygues Construction group. It has 3,800 employees in 25 countries, mainly located in Asia, Oceania, the Middle East, Europe, Canada and Latin America.
FUGRO
8,664
+65 6861 0878
We are the world’s leading Geo-data specialist, collecting and analysing comprehensive information about the Earth and the structures built upon it. Through integrated data acquisition, analysis and advice, we unlock insights from Geo-data to help our clients design, build and operate their assets in a safe, sustainable and efficient manner. Learn more about us:https://www.youtube.com/fugrohttps://www.facebook.com/fugrohttps://twitter.com/fugrohttps://www.instagram.com/fugro/
TURNER & TOWNSEND
9,604
+65 6496 6300
We build trust between clients, suppliers, governments and society through the commitment, capability and care our team brings. Delivering better outcomes that have a positive impact on the world around us.We work smarter to face the challenges of the future; bringing the clarity that helps teams realise their full potential across the real estate, infrastructure and natural resources sectors.It’s how we’ve made the difference for 75 years.Transforming performance for a green, inclusive and productive world.
ISG
4,038
+65 9839 1653
Who we are:At ISG, our vision is to be the world’s most dynamic construction services company, delivering places that help people and businesses thrive. Our 2,800 worldwide specialists deliver unbeatable customer experiences fuelled by a fast-paced, ideas-driven culture.What we do:At ISG, we know places rarely just house people and systems; they form the infrastructure for people’s busy lives and businesses’ daily operations. We blend our unparalleled track record, sound processes and proven delivery methods with a fast-paced and agile culture, ensuring we deliver thriving places that are as agile and resilient as their occupants. How we work: Our years spent working alongside businesses and consultants to address complex building and space challenges mean we understand what constitutes a great delivery dynamic. We don’t do “means to an end”; instead, we believe in the open communication and collaboration that underpins strong relationships and creates enriching customer journeys.
HILTI GROUP
24,176
+65 6777 7887
We passionately create enthusiastic customers and build a better future.Hilti stands for quality, innovation, and direct customer relationships. Some 32,000 employees around the world, in more than 120 countries, contribute to making work on construction sites simpler, faster, and safer while inspiring customers every single day. With products, system solutions, software, and services that provide clear added value. We are proud to have ranked #8 among the 2022 World’s Best Workplaces and #4 among the 2022 Best Workplaces in Europe by the Great Place to Work® Institute. These awards are a testament to our investment in our people and culture. Our commitment to innovation and customer excellence is matched only by our passion for growing and nurturing high-performing people.Hilti is Where Your Best BelongsFor unique and diverse career opportunities, take a look at our worldwide vacancies at https://careers.hilti.group/en/jobs/.
AECOM (INCORPORATING DAVIS LANGDON, AN AECOM COMPANY)
2,736
+65 6299 2466
Davis Langdon was acquired by AECOM in 2010. Please follow AECOMs LinkedIn page for more information about the company.
GAMMON CONSTRUCTION LIMITED
2,259
+65 6722 3600
Headquartered in Hong Kong, Gammon has a reputation for delivering high quality projects throughout China and Southeast Asia, as well as offering innovative solutions and services to our customers. At Gammon, we focus on our customers needs and how we can best use our abilities and resources to add value for them through innovative and sustainable solutions. We pride ourselves on the imagination, skill and high standards we apply to all of our projects.We have an annual turnover of over US$2 billion, and employ over 7,000 staff, including one of the strongest technical teams in Southeast Asia. We are owned by Jardine Matheson, an Asian-based conglomerate with extensive regional experience, and Balfour Beatty, a world-class engineering, construction and services group.
Top Construction Companies in Vietnam
Key Statistics from 2022
According to the General Statistics Office of Vietnam, the construction industry's growth in 2022 was 9.1%, contributing 1.36% to the country's GDP. The total value of construction work reached VND 1,010 trillion (approximately USD 44 billion), an increase of 12.8% compared to the previous year. The industry also provided employment to over 5 million people, accounting for 8.3% of the country's total workforce.
Factors Contributing to its Growth and Success
The construction industry's growth in Vietnam can be attributed to various factors, including the government's initiatives to promote infrastructure development and urbanization. The government has been investing heavily in infrastructure, such as highways, airports, and seaports, to connect the country's various regions and promote economic growth. Additionally, the government has implemented policies to encourage private sector investment in infrastructure development, such as public-private partnerships and tax incentives.
The country's urbanization rate has also played a significant role in the construction industry's growth. Vietnam's urban population is projected to reach 50% by 2050, which has led to an increased demand for housing, commercial buildings, and other infrastructure. The government's efforts to promote urbanization have created opportunities for the construction industry to expand and contribute to the country's economic growth.
Industry Growth and Comparison to Previous Years
The construction industry in Vietnam has experienced steady growth over the past decade. In 2011, the industry's growth rate was 5.9%, and by 2022, it had increased to 9.1%. The industry's total value of construction work has also increased from VND 383 trillion in 2011 to VND 1,010 trillion in 2022. These figures highlight the construction industry's significant contribution to Vietnam's economic growth.
Key Trends
Technological advancements have been a key trend in the construction industry in Vietnam. The use of Building Information Modeling (BIM) technology has become increasingly popular in the industry, allowing for more efficient design and construction processes. Additionally, the adoption of green building practices has become more widespread, with an increasing number of developers and builders seeking to achieve Leadership in Energy and Environmental Design (LEED) certification.
Another trend is the increasing adoption of prefabricated construction techniques. Prefabrication allows for faster construction times and can help reduce construction waste. This technique has become popular in the construction of high-rise buildings, which are becoming increasingly common in Vietnam's urban areas.
Challenges
Despite the construction industry's growth and success, it still faces several challenges. One of the main challenges is the lack of skilled labor. The country's education system has not kept up with the industry's growth, and there is a shortage of skilled workers in various areas, including engineering and project management.
Another challenge is the complexity of the regulatory environment. The construction industry is heavily regulated in Vietnam, which can create challenges for developers and builders. The government has implemented policies to streamline the regulatory process, but there is still room for improvement.
Future Outlook
The future of the construction industry in Vietnam looks bright, with continued government investment in infrastructure development and urbanization. The government's goal is to achieve a sustainable and modern infrastructure system that can support the country's economic growth. Additionally, the adoption of technology and green building practices is expected to continue to increase, leading to more efficient and environmentally friendly construction practices.
However, addressing the challenges facing the industry, such as the shortage of skilled labor, will be critical to sustaining its growth in the long term. The government has recognized this issue and has implemented initiatives to address the skills gap, such as vocational training programs.
Another key area of focus will be on improving the regulatory environment. Streamlining the regulatory process and reducing bureaucracy will help attract more private sector investment into the industry, leading to further growth and development.
One potential area for further growth in the construction industry is the development of smart cities. The Vietnamese government has outlined its vision for smart cities, which includes the use of technology to enhance the quality of life for citizens, improve urban planning, and promote sustainable development.
The construction industry will play a critical role in the development of smart cities, through the construction of infrastructure and buildings that incorporate smart technology. This will require collaboration between the construction industry and the technology sector, as well as significant investment from both the government and private sector.
Another potential area for growth is in the development of affordable housing. Despite the increasing demand for housing in Vietnam's urban areas, many people still struggle to find affordable housing. The government has recognized this issue and has implemented policies to promote the development of affordable housing. This presents an opportunity for the construction industry to expand and contribute to the country's social and economic development.
Conclusion
In conclusion, the construction industry in Vietnam has experienced significant growth and success over the past decade. With the government's investment in infrastructure development and urbanization, the industry has become a key contributor to the country's economic growth. The industry's adoption of technology and green building practices is expected to continue, while addressing challenges such as the shortage of skilled labor and regulatory complexity will be critical to sustaining its growth in the long term.