Arup report takes a timely look into understanding the infrastructure landscape in Vietnam.
A new report from Arup, commissioned by the UK’s Foreign, Commonwealth and Development Office, highlights the current state, challenges, and opportunities for infrastructure development in Vietnam.
Vietnam is one of the fastest-growing economies in Southeast Asia and has achieved great strides in expanding its core infrastructure over the last few decades. Economic success has been accompanied by a rapidly growing and urbanising population which has resulted in a significant need for new and upgraded infrastructure. As the country already contributes a significant portion of their GDP to infrastructure spending, new channels of investment will be instrumental to facilitate growth.
The report, The Infrastructure Opportunity in Vietnam, is a timely look into understanding the infrastructure landscape in Vietnam and is a valuable resource in outlining how to navigate the market and what the most promising opportunity areas are. The report assessed five key sectors of infrastructure – transport, energy, water and waste, social and digital and highlights insights, opportunities and bottlenecks into each.
Sam Wood, deputy consul general, head of trade and investment at the British Consulate in Ho Chi Minh City, said: “We are very pleased to introduce this vital report delivered by Arup, a timely evaluation of the opportunities for infrastructure development in Vietnam. This valuable resource seeks to inform policymakers, businesses and wider readers, helping them to better understand Vietnam’s infrastructure landscape and identify a potential role for international and UK expertise to support Vietnam’s long-term development aspirations.”
Breaking down the bottlenecks faced across a project lifecycle found significant constraints in upstream activities caused by regulatory roadblocks, insufficiencies in capacity or skills, or a lack of enabling infrastructure, among others. All factors that need to be understood and considered upon market entry to ensure success.
Vietnam’s recent climate commitments, including a target to achieve net zero by 2050, building green sustainable and resilient infrastructure will be vital to consider in future developments.
Neil Harvey, director and Vietnam office leader at Arup, said: “We would like to thank the Foreign, Commonwealth and Development Office for continuing to invest in research into opportunities in Southeast Asia and for trusting Arup to assist in meeting their goals. The report summarises the opportunities and potential risks of doing business in Vietnam. We hope that it will help guide UK companies when considering investment in Vietnam.”
Click here to download The Infrastructure Opportunity in Vietnam report.
