Vietnam is a bright spot in the post-covid construction landscape. As an alternative to China and India, there are opportunities for foreign investors in the construction industry, notably in the real estate sector and in renewable energy projects. The latest version of the national power development plan, setting a framework for the period to 2030, with a vision for the period to 2050, is pending but expected to highlight the role of renewable energy projects, in particular ground-mounted solar, onshore and offshore wind projects. However, significant commitment to the market is required since services cannot be provided on a cross-border basis.

Vietnam is a member of the World Trade Organization, and construction companies incorporated under the laws of WTO member states (such as the UK) have access to the Vietnam market, subject to Vietnam’s commitment schedule for services, which does not permit provision of construction services on a cross-border basis.

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