The contribution of the construction industry to Vietnam's GDP has shown a steady increase from 5.71 in 2013 to 6.36 in 2023. The year-on-year growth rates for 2022 and 2023 were 0.32% and 0.47%, respectively. The compound annual growth rate (CAGR) over the past five years stands at 0.31%. Forecasts predict this steady growth trend to continue, with a projected contribution of 6.49 by 2028, marking a 1.56% total growth from 2023 to 2028.
Future trends to watch for include the impact of government infrastructure projects and foreign direct investments on the construction sector. Additionally, the adoption of sustainable building practices and technological advancements could further influence the industry's growth trajectory.
