Vietnam’s construction sector accelerated in the first half of 2026, with real GDP growth rising from 8.5% in the first quarter to 10.2% in the second quarter, according to the Construction Industry Market Insights Report for the first six months of 2026, released by VIS Rating on September 15.
The growth was driven largely by efforts to speed up the disbursement of public investment, which reached VND357 trillion ($13.5 billion), up 12% year-on-year and equivalent to 35.5% of the annual target.
A recovery in the residential property market also provided a significant boost. The supply of commercial apartments eligible for sale in Hanoi and Ho Chi Minh City, the country’s two major economic hubs, surged 55% and 78% year-on-year, respectively.
The sector’s outlook is further supported by macroeconomic policies, notably the 2025 Construction Law, which took effect on July 1, 2026.
According to VIS Rating, the new legislation places greater emphasis on streamlining approval procedures, exempting certain projects from construction permits and introducing special mechanisms. These measures are expected to reduce administrative delays and accelerate project implementation.
The combination of stronger public investment, recovering housing supply and regulatory reforms is providing additional momentum for Vietnam’s construction industry, while creating more favourable conditions for project development in the second half of the year.
Google translate