Q2 2014 Vietnam
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Q2 2014 www.businessmonitor.com VIETNAM INFRASTRUCTURE REPORT INCLUDES 10-YEAR FORECASTS TO 2023 ISSN 1750-5593 Published by:Business Monitor International Vietnam Infrastructure Report Q2 2014 INCLUDES 10-YEAR FORECASTS TO 2023 Part of BMI’s Industry Report & Forecasts Series Published by: Business Monitor International Copy deadline: January 2014 Business Monitor International © 2014 Business Monitor International Senator House All rights reserved. 85 Queen Victoria Street London All information contained in this publication is EC4V 4AB copyrighted in the name of Business Monitor United Kingdom International, and as such no part of this Tel: +44 (0) 20 7248 0468 publication may be reproduced, repackaged, Fax: +44 (0) 20 7248 0467 redistributed, resold in whole or in any part, or used Email: [email protected] in any form or by any means graphic, electronic or Web: http://www.businessmonitor.com mechanical, including photocopying, recording, taping, or by information storage or retrieval, or by any other means, without the express written consent of the publisher. 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Vietnam Infrastructure Report Q2 2014 CONTENTS BMI Industry View ............................................................................................................... 7 SWOT .................................................................................................................................... 9 Infrastructure SWOT .................................................................................................................................. 9 Industry Forecast .............................................................................................................. 11 Construction And Infrastructure Forecast Scenario ........................................................................................ 11 Table: Vietnam Construction And Infrastructure Industry Data, 2012-2017 .......................................................................... 11 Table: Vietnam Construction And Infrastructure Long-Term Forecasts, 2018-2023 .................................................................. 13 Table: Factbox - Key Elements Of Vietnam©s Revised Land Law ...................................................................................... 20 Transport Infrastructure - Outlook And Overview .......................................................................................... 23 Table: Vietnam Transport Infrastructure Industry Data, 2012-2017 .................................................................................. 23 Table: Vietnam Transport Infrastructure Long-Term Forecasts, 2018-2023 .......................................................................... 25 Table: Competitiveness Of Vietnam©s Infrastructure ................................................................................................... 28 Table: Vietnam Railway Corporation©s Main Targets ................................................................................................. 33 Major Projects Table - Transport .............................................................................................................. 42 Table: Major Projects - Transport ...................................................................................................................... 42 Energy And Utilities Infrastructure - Outlook And Overview ............................................................................ 58 Table: Vietnam Energy & Utilities Infrastructure Industry Data, 2012-2017 ......................................................................... 58 Table: Vietnam Energy & Utilities Infrastructure Industry Long-Term Forecasts, 2018-2023 ........................................................ 59 Major Projects Table - Energy & Utilities ................................................................................................... 75 Table: Major Projects - Energy & Utilities ............................................................................................................. 75 Residential/Non-Residential Building - Outlook And Overview ......................................................................... 93 Table: Vietnam Residential And Non-residential Building Industry Forecasts, 2012-2017 ........................................................... 93 Table: Vietnam Residential And Non-residential Building Long-Term Forecasts, 2018-2023 ........................................................ 94 Major Projects - Residential/Non-Residential Construction And Social Infrastructure ..................................... 101 Table: Major Projects - Residential/Non-Residential Construction And Social Infrastructure ....................................................... 101 Industry Risk Reward Ratings ........................................................................................ 105 Vietnam - Infrastructure Risk/Reward Ratings ............................................................................................. 105 Vietnam Risk/Reward Ratings ................................................................................................................. 105 Rewards ............................................................................................................................................ 105 Risks ................................................................................................................................................ 106 Asia - Infrastructure Risk/Reward Ratings .................................................................................................. 107 Table: Asia Pacific Infrastructure Risk Reward Ratings .............................................................................................. 115 Market Overview ............................................................................................................. 116 Competitive Landscape ........................................................................................................................... 116 Table: Vietnam EQS Data ............................................................................................................................. 116 Company Profile .............................................................................................................. 117 Cavico Corporation ............................................................................................................................... 117 Electricity Vietnam Group ....................................................................................................................... 120 © Business Monitor International Page 4 Vietnam Infrastructure Report Q2 2014 Global Infrastructure Overview ...................................................................................... 125 Africa In 2014: PPPs Cement Global Appeal .............................................................................................. 125 Asia-Pacific In 2014: Shaping Up To Be A Benign Year ................................................................................ 130 Latin America In 2014: A Prosperous Year For Infrastructure Development ..................................................... 137 MENA In 2014: Reaping Rewards Despite Risks .......................................................................................... 140 North America And Europe In 2014: Turning A Corner ................................................................................ 145 Methodology .................................................................................................................... 152 Industry Forecast Methodology .............................................................................................................. 152 Sector-Specific Methodology .................................................................................................................. 153 Risk/Reward Rating Methodology ........................................................................................................... 157 Sector-Specific Methodology .................................................................................................................. 158 Table: Infrastructure Risk/Reward Rating Indicators ................................................................................................. 158 Table: Weighting Of Indicators ........................................................................................................................ 159 © Business Monitor International Page 5 Vietnam Infrastructure Report Q2 2014 BMI Industry View BMI View: Vietnam©s construction sector is in an upward cyclical phase, as evidenced by a real growth rate of 5.3% y-o-y in the first nine months of 2013. We believe this could continue in 2014 and are maintaining our growth forecasts of 5.8% for 2014. Easy monetary conditions