CONSTRUCTION SECTOR POSTS OVER 9% GROWTH IN 2025

Deputy Prime Minister Tran Hong Ha (C) speaks at the Ministry of Construction's year-end review conference for 2025 and the launch of tasks for 2026 on December 21 - PHOTO: VGP

HCMC – The Ministry of Construction said the construction sector had achieved growth of more than 9% in 2025, meeting its full-year target.

Industries under the ministry’s management accounted for an estimated 17.23% of national gross domestic product (GDP), up about 0.17 percentage point from 2024. They contributed around 1.96 percentage points to overall GDP growth, reported the Vietnam News Agency.

The contribution helped push Vietnam’s economic growth to above 8% in 2025 and supports the Government’s aim of pursuing double-digit growth in the coming years.

The figures were released at the ministry’s year-end review conference for 2025 and the launch of tasks for 2026, held on December 21. Deputy Prime Minister Tran Hong Ha attended and co-chaired the meeting.

The ministry said it had prioritized key tasks across its areas of responsibility and recorded progress in infrastructure development.

It reported the opening to traffic of the full North–South expressway route linking Cao Bang in the north with Ca Mau in the south. By the end of 2025, Vietnam is expected to complete 3,345 km of expressways, along with 458 km of interchanges and access roads. Total expressway length nationwide would reach about 3,803 km.

Other completed projects include 1,586 km of national highways and 1,701 km of coastal roads.

In aviation, the ministry said several projects were completed and the first flights landed at Long Thanh International Airport on December 19.

Private-sector capital mobilized for national infrastructure development was estimated at about VND3.84 quadrillion this year.

Vietnam also completed 102,633 social housing units nationwide in 2025, equivalent to 102% of the full-year plan.

Source: The Saigon Times

Related News

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

EVFTA DEEPENS VIETNAM-EU RELATIONS AFTER SIX YEARS

The EVFTA acts as a vital economic highway to boost trade between Vietnam and EU. In 2019, the Vietnam – EU two-way trade stood at $49.8 billion. This figure rose to $74 billion by the end of 2025. In the first six months of 2026, two-way trade between Vietnam and the EU totalled $41.7 billion. Vietnam's exports to the EU reached $31.8 billion, while imports from the bloc stood at $9.9 billion.

Jul 29, 2026

VIETNAM ECONOMY INVESTMENT

AMRO UPGRADES VIETNAM GROWTH FORECAST TO 7.5 PER CENT

AMRO released its July 2026 Quarterly Update of the ASEAN+3 Regional Economic Outlook on July 27, projecting Vietnam to grow 7.5 per cent in 2026, up from its June forecast of 7.2 per cent. AMRO also raised its growth forecast to 7.3 per cent in 2027, up from its June forecast of 7 per cent, while revising down its inflation forecasts to 4.3 per cent in 2026 and 3.9 per cent in 2027.

Jul 29, 2026

BANKING / FINANCE / INSURANCE / TAX

VIETNAM APPROVES ROADMAP FOR INT’L FINANCIAL CENTERS THROUGH 2035

Vietnam has approved a development plan through 2035 for its international financial centers, with the one in Ho Chi Minh City positioned as a comprehensive global financial hub. Deputy Prime Minister Nguyen Van Thang, chairman of the governing board of the Vietnam International Financial Center, has signed the decision approving the development plan.

Jul 29, 2026

BANKING / FINANCE / INSURANCE / TAX

REMITTANCES TO HO CHI MINH CITY TOP $4BN IN H1 2026

Remittances sent to Ho Chi Minh City topped US$4 billion in the first half of 2026, down nearly 23 percent year on year, despite a modest recovery in the second quarter. The city received more than $2.03 billion in remittances in the second quarter. Tran Thi Ngoc Lien, deputy director of State Bank of Vietnam’s region 2 branch, said the second quarter was the first quarter this year to see remittances to Ho Chi Minh City increase from the preceding quarter, although the pace of recovery remained modest.

Jul 29, 2026

VIETNAM ECONOMY INVESTMENT

GLOBAL BEAUTY BRANDS EYE OPPORTUNITIES IN VIETNAM

Vietnam’s fast-growing beauty and personal care market is attracting thousands of international brands, with a major industry exhibition in Ho Chi Minh City bringing together more than 3,000 brands from over 24 countries and territories. The Vietbeauty, Cosmobeauté Vietnam and Beautycare Plus 2026 exhibitions officially opened in Ho Chi Minh City on Thursday, bringing together 600 exhibitors from Japan, South Korea, the United States, France, Singapore and Vietnam, among others.

Jul 29, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

HCM CITY PRIORITISES LOGISTICS INFRASTRUCTURE TO RAISE DIRECT IMPORT-EXPORT THROUGHPUT ABOVE 80%

HCM City aims to increase the proportion of imports and exports handled directly through its seaports, airports, railway terminals and inland container depots (ICDs) to more than 80 per cent during the 2026-30 period. With measures revolving around investment in integrated logistics infrastructure, multimodal transport expansion and digital transformation acceleration, the strategy is intended to reduce logistics costs, enhance competitiveness and support sustainable growth in external trade.

Jul 29, 2026