Research and Markets http://www.researchandmarkets.com/research/9jqg3s/construction has announced the addition of the "Construction Market in Vietnam 2015-2019" report to their offering.
The report forecasts the Construction market in Vietnam to grow at a CAGR of 6.73 percent over the period 2014-2019.
Growth of affordable housing is one of the major trends in the Construction Market Outlook in Vietnam, which is expected to affect the overall market growth in the coming years. With sustained growth of the country's economy over the years, the purchasing power of the population has increased, which has created demand for affordable housing in the country.
According to the report, one of the most prominent drivers of this market is the number of government initiatives being taken in the country. Government of Vietnam has been continually implementing policies and initiatives in order to boost the growth of the construction market in the country.
Further, the report highlights one of the major challenges that the market faces/ confronts/in this market is that the Vietnamese government is heavily burdened with debts in its state-owned enterprises and the need to repay it is limiting government's ability to finance infrastructure projects. The total public expenditure of the country is expected to grow faster than tax revenues, which could further limit government spending on infrastructure in the short to medium term.
Source: http://www.businesswire.com
Key words: Construction Market in Vietnam, 2015-2019, Number of Government Initiatives, Prominent Driver
