Vietnam IoT in Construction Market 2033

Vietnam IoT in Construction Market Size, Share, Trends and Forecast by Component, Application, End User, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A42750

Vietnam IoT in Construction Market Overview:

The Vietnam IoT in construction market size reached USD 48.80 Million in 2024. The market is projected to reach USD 119.76 Million by 2033, exhibiting a growth rate (CAGR) of 10.49% during 2025-2033. The market is driven by accelerated digital transformation initiatives across Vietnam's construction sector, the rapid deployment of 5G networks and internet of things (IoT) infrastructure enabling real-time connectivity and data analytics, and rising adoption of predictive maintenance solutions that optimize equipment performance and reduce operational costs. Additionally, government-led smart city infrastructure development and increasing public-private partnerships are expanding the Vietnam IoT in construction market share.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 48.80 Million
Market Forecast in 2033	USD 119.76 Million
Market Growth Rate 2025-2033	10.49%

Vietnam IoT in Construction Market Trends:

Government-Driven Smart City Infrastructure Development and Public-Private Partnerships

Vietnam's ambitious smart city plans and infrastructure development programs are generating tremendous prospects for IoT deployment within construction projects throughout the country. Large smart city projects are also being implemented in Ho Chi Minh City, Hanoi, and Da Nang, with entities such as Viettel deploying intelligent operation centers that link IoT data from construction sites, traffic control, and urban infrastructure. The newly implemented public-private partnership (PPP) Code is streamlining co-operation between government and private sector players. These projects are driving the demand for smart building technology, automated construction methods, and IoT-based infrastructure monitoring systems. Deputy Prime Minister Nguyen Chi Dung has assigned the Ministry of Construction the responsibility of creating a decree on smart city development, which should be presented to the government by August 15, 2025. The instruction was given during the inaugural meeting of the inter-agency task force on intelligent urban development, led by Dung on July 16 in Hanoi. The deputy prime minister called on regions to revise their smart city plans in line with the new recommendations and to present their action plans by July 25.

Fast-Track Digital Transformation and Integration of 5G

Vietnam's construction market is undergoing fast-track digital transformation fueled by the countrywide rollout of 5G networks and cutting-edge IoT infrastructure. Large telecommunications operators are rolling out more than 5G base stations and IoT stations with 100% coverage in Ho Chi Minh City, providing smooth connectivity for construction sites and smart building applications. Construction firms are using these high-speed, low-latency networks to install real-time monitoring systems, connected equipment, and digital twin technologies that maximize project efficiency and lower costs. The convergence of Building Information Modeling (BIM), drones, and IoT sensors is increasingly common, with these technologies allowing for accurate project monitoring, automated quality assurance, and improved safety measures. This digital revolution is especially relevant as Vietnam's construction sector is developing, generating massive demand for IoT-connected solutions to streamline operations and adhere to international standards.

Growing Adoption of Predictive Maintenance and Industrial IoT Solutions

The Vietnam IoT in construction market growth is being supported by the growing adoption of predictive maintenance solutions and Industrial IoT (IIoT) technologies in construction equipment and infrastructure projects. Vietnamese construction firms are implementing IoT sensors and AI-driven analytics to track equipment health, anticipate possible failures, and book maintenance ahead of time, lowering downtime. Construction equipment manufacturers in Vietnam are incorporating IoT capabilities into excavators, cranes, and other heavy equipment to offer real-time equipment performance information, fuel efficiency tracking, and automated scheduling systems. Implementation of edge computing solutions is facilitating on-premises data processing, lowering latency, and enhancing response times for key construction activities. Vietnamese firms are specifically emphasizing the use of IoT to track assets, manage fleets, and monitor the environment, where sensors are capturing data on temperature, vibration, and operating parameters to maximize equipment use and prolong asset life.

Vietnam IoT in Construction Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on component, application, and end user.

Component Insights:

Hardware
Software
Services

A detailed breakup and analysis of the market based on component have also been provided in the report. This includes hardware, software, and services.

Application Insights:

Asset Monitoring
Predictive Maintenance
Fleet Management
Wearables
Others

The report has provided a detailed breakup and analysis of the market based on application. This includes asset monitoring, predictive maintenance, fleet management, wearables, and others.

End User Insights:

Residential
Non-Residential

A detailed breakup and analysis of the market based on end user have been provided in the report. This includes residential and non-residential.

Regional Insights:

Northern Vietnam
Central Vietnam
Southern Vietnam

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Vietnam IoT in Construction Market News:

June 2025: CT Group officially launched a Vietnamese-designed Internet of Things (IoT) chip in HCM City, highlighting a significant advancement in the nation's goal to establish local capabilities in semiconductor design and manufacturing. Created by a group of Vietnamese engineers, the chip incorporates CMOS and III/V semiconductor technologies and is designed for use in industries like UAVs, smart devices, and telecommunications. It was unveiled at a celebration commemorating the group's 33rd anniversary.
October 2024: Vietnam’s Permanent Deputy Prime Minister Nguyen Hoa Binh approved Prime Ministerial Decision No.1132/QD-TTg, officially implementing the Digital Infrastructure Strategy by 2025, with a Vision extending to 2030. The endorsement of this strategy, merely seven months following the implementation of the Information and Communication Infrastructure Master Plan for 2021-2030 (envisioning 2050), underscores the government's robust dedication to enhancing the country's digital infrastructure.

Vietnam IoT in Construction Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Component Application End User Region
Components Covered	Hardware, Software, Services
Applications Covered	Asset Monitoring, Predictive Maintenance, Fleet Management, Wearables, Others
End Users Covered	Residential, Non-Residential
Regions Covered	Northern Vietnam, Central Vietnam, Southern Vietnam
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Vietnam IoT in Construction market performed so far and how will it perform in the coming years?
What is the breakup of the Vietnam IoT in Construction market on the basis of component?
What is the breakup of the Vietnam IoT in Construction market on the basis of application?
What is the breakup of the Vietnam IoT in Construction market on the basis of end user?
What is the breakup of the Vietnam IoT in Construction market on the basis of region?
What are the various stages in the value chain of the Vietnam IoT in Construction market?
What are the key driving factors and challenges in the Vietnam IoT in Construction market?
What is the structure of the Vietnam IoT in Construction market and who are the key players?
What is the degree of competition in the Vietnam IoT in Construction market?

Key Benefits for Stakeholders:

IMARC's industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Vietnam IoT in Construction market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam IoT in Construction market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Vietnam IoT in Construction industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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