![]() Here is a general overview of the major construction and infrastructure projects in Ho Chi Minh City that are under construction or has been announced. There are already a record number of hotel closures, so adding more hotels to an oversupplied inventory is going to put more pressure on remaining hotels. It might be a different story next year if the pandemic continues to the end of 2021. ![]() Governments around the world are continuing to spend on infrastructure in a bid to keep people employed during these times. Big public infrastructure projects are also going ahead. There is of course a delayed effect here, as projects that have already been financed are still progressing in the hope that things will be better on the other side. Vietnam though has been one of the success stories in containing the virus, and it looks set to become one of the few countries to at least hold onto a positive growth rate for 2020.Ĭonstruction and infrastructure projects are still going ahead despite the downturn. With international travel all but closed down, the travel industry has been devastated by the pandemic. At the end of 2019 Vietnam had recorded over 7% GDP annual growth, capping off a record decade of growth. ![]() This is the second annual Ho Chi Minh City construction update (here is the 2019 construction update), and what a difference a year makes. ![]()
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