VN construction industry shows potentialIn real terms, the Vietnamese construction industry registered a growth rate of 9.1 per cent in 2016, measured at constant 2010 US dollar exchange rates, according to latest report by ReportLinker, an award-winning market research solution. In addition, the Socio-Economic Development Plan (SEDP) for 2011–2015, under which the government invested in the development of industrial facilities, supported review-period (2012–2016) growth. The country’s construction industry is expected to expand in real terms over the forecast period (2017–2021), due to investments in transport infrastructure, energy and utilities and affordable housing projects. Additionally, government investment in public infrastructure and educational healthcare buildings as part of the 2016–2020 Development Plan will support this growth. Key HighlightsThe construction industry is expected to benefit from the government's plans to improve living conditions in rural areas.

Source: VietNamNet News February 07, 2017 01:10 UTC