Vietnam prefabricated buildings market is predicted to grow during the forecast period owing to various driving factors such as rising needs for affordable housing & upcoming projects, increasing initiatives in the infrastructure & construction sector, growing population & urbanization, and government policies to enhance the market for prefabricated buildings across the nation. Additionally, rising demand for prefabricated housing, including manufacturing housing, modular housing, precut housing, and panelized housing is driving the market for Vietnam prefabricated buildings.
Prefab houses sometimes referred to as prefabricated homes, are ones that have been built using prefabricated construction materials. These construction materials are prefabricated in a facility off-site, transported there, and then put together. Prefabricated houses combine conventional home ownership with modern technologies. Utilizing various techniques, such as 3-D printing, these dwellings are constructed in advance and erected off-site. Modular dwellings are defined as having at least 70% of their components prefabricated. This facilitates disassembling, moving, and assembling these dwellings. Prefab homes are less expensive, more environment-friendly, and more aesthetically pleasing than traditional residences. Prefab houses are built with concrete-based and metal-fabricated construction elements. The lack of raw resources has presented several problems for manufacturing enterprises. Additionally, the suspension of construction contracts has slowed the market expansion for prefabricated buildings. The decline in building and construction activities has a substantial influence on market growth since it has reduced the demand for prefabricated building systems.
There are various government policies which are likely to propel the market for prefabricated buildings in the coming years. For instance, in 2024-2032, the European Union and Vietnam free trade agreement (EVFTA) enhanced Vietnam’s exports of prefabricated buildings.
Rising Investment in Infrastructure Sector
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Additionally, growing commercial real estate investments are anticipated to impact the prefabricated construction market's income positively. For instance, there has been rising interest from European and United States investors in Vietnam’s real estate sector. For example, the Lego project, which involves an investment of over USD 1.3 billion has propelled Denmark to the seventh position in terms of total registered investment by a foreign country.
Rising opportunities in Vietnam’s green architecture
ChallengesTransportation Issues Associated with Prefabricated Building Systems
Recent Developments
- In April 2023, United States Agency for International Development partnered with Vietnam to increase private investment in infrastructure projects.
- In September 2022, Lotte Group revealed plans to create an eco-friendly smart city' complex in Vietnam, as well as a separate smart logistics center for populations. On September 2, the organization hosted the groundbreaking ceremony for Lotte Eco Smart City Thu Thiem in Ho Chi Minh City's Thu Thiem new urban region. It planned to invest more than USD 900 million in the project. The project has a total floor area of 680,000 sqm, five basements, and multiple towers, the tallest of which is 60 stories.
- According to the United Nations COMTRADE database on international trade, the United States of America’s Exports of prefabricated buildings to Vietnam were approximately USD 24.54 Thousand in 2024-2032.
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Market Segmentation
Company Profiles
| Attribute | Details |
| Base Year | 2022 |
| Historical Years | 2018 – 2024-2032 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Billion and CAGR for 2018-2022 and 2024-2028 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | Materials Type Structure Application Region |
| Regional Scope | Northern Vietnam, Central Vietnam, Southern Vietnam |
| Key Companies Profiled | Best Metal Building and Accessory Joint Stock Company, Tran Duc Joint Stock Company, QH Plus Joint Stock Company, Seico Steel Building Construction Joint Stock Company, Lien Son Thang Long Joint Stock Company, TLC Modular Pte Ltd, Dai Dung Corporation Group, Zamil Steel Buildings Vietnam Co. Ltd, TDH Green Building Solution Co. Ltd |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
