Vietnam Prefabricated Buildings Market Trends

Statistics for the 2023 & 2024 Vietnam Prefabricated Buildings market trends, created by Mordor Intelligence™ Industry Reports. Vietnam Prefabricated Buildings trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Market Trends of Vietnam Prefabricated Buildings Industry

Government Policies Boosting the Market

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the European Union-Vietnam Free Trade Agreement (EVFTA) are expected to propel Vietnam's exports of prefabricated buildings.

The prefabricated buildings feature highly on Vietnam's export list of lighting and furniture. Such buildings are gaining popularity in the commercial sector and residential living spaces. The government wants the building materials sector to achieve a higher level of automation by 2030.

The Ministry of Construction proposed a VND 30 trillion (USD 1.3 billion) credit package to build low-cost homes for workers. The package will help ensure social welfare for vulnerable people, enhance economic recovery and development, remove the difficulties plaguing enterprises, and support the development of housing and the real estate market.

Vietnam Prefabricated Buildings Market: GDP value of real estate activities in Vietnam 2018-2021

Increasing Urbanization in Vietnam

The rapid urbanization, growing population, and booming economy of Vietnam are putting strain on the country's natural resources. Vietnam's immense coastline makes it susceptible to climate change and rising sea levels.

Vietnam's government has learned about the effects and knows how important it is to make its cities smarter and more environmentally friendly.

From planning to construction to the user stage, buildings utilize vast resources. In Vietnam, buildings consume half of their raw materials, 30-40% of their energy production, a quarter of their wood harvest, and 17% of their freshwater. The government's decision to build green cities is crucial to easing up human activities that cause harm to the environment.

The 'going green' trend benefits the environment and is a great investment for businesses. According to a Green Infrastructure Investment Opportunities report, green buildings exhibit huge investment potential, adding approximately USD 100 trillion globally between 2019 and 2030.

Vietnam Prefabricated Buildings Market: Urbanization of Vietnam, 2018-2021

Vietnam Prefabricated Buildings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)