Market Overview
| Study Period | 2019 - 2030 |
|---|---|
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 8.59 Billion |
| Market Size (2030) | USD 12.08 Billion |
| Growth Rate (2025 - 2030) | 7.06% CAGR |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
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Vietnam Facility Management Market Analysis by Mordor Intelligence
The Vietnam facility management market size is recorded at USD 8.59 billion in 2025 and is forecast to touch USD 12.08 billion by 2030, delivering a 7.06% CAGR over the period. Rapid industrialisation under the China + 1 strategy, an infrastructure pipeline worth USD 237 billion by 2030, and surging technology investments in data centres, Grade-A offices and smart-city projects underpin this growth. Manufacturing now contributes 24.26% of GDP and generated 21.5% export growth to the United States in recent years, deepening demand for mechanical, electrical and safety-critical services. Hyperscale data-centre spending has surpassed USD 1.5 billion, led by projects such as SAM DigitalHub and CMC’s USD 250 million facility, pushing specialised critical-environment service adoption. Green-building certifications hit 559 projects by end-2024, intensifying requirements for sustainability-focused management.[1]Tuổi Trẻ, “Bùng nổ công trình xanh,” tuoitre.vn However, labour shortages and price-focused procurement challenge the pace and quality of service upgrades.
Key Report Takeaways
- By service type, Hard Services led with 58.9% of Vietnam facility management market share in 2024, while Soft Services are advancing at a 7.6% CAGR through 2030.
- By offering type, In-house models held 54.3% share of the Vietnam facility management market size in 2024; however, Outsourced services are projected to expand at a 7.8% CAGR between 2025-2030.
- By end-user Industry, Commercial segment accounted for 36.7% of the Vietnam facility management market size in 2024; while Industrial & Process sites are moving ahead at a 7.3% CAGR to 2030.
Vietnam Facility Management Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Expansion of Grade-A office and mixed-use stock | +1.2% | Ho Chi Minh City, Hanoi, Da Nang | Medium term (2-4 years) |
| Manufacturing and logistics growth via China + 1 and FTAs | +1.8% | Binh Duong, Dong Nai, Bac Ninh, Hai Phong | Long term (≥ 4 years) |
| Government smart-city and infrastructure PPP initiatives | +0.9% | National, early gains in Da Nang, Binh Duong | Long term (≥ 4 years) |
| Cost-optimisation outsourcing trend in state and private enterprises | +1.1% | National, major urban centres | Short term (≤ 2 years) |
| Hyperscale data-centre build-out | +0.8% | Ho Chi Minh City, Hanoi, Binh Duong | Medium term (2-4 years) |
| Green-building / energy-efficiency certification demand | +0.6% | National, led by industrial and commercial sectors | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Expansion of Grade-A Office and Mixed-Use Real Estate Stock
Average prime office rents in Ho Chi Minh City rose 2% quarter-on-quarter as total supply reached 2.8 million m² across 386 assets, sustaining 89% occupancy and reinforcing the need for integrated services to preserve tenant experience. Foreign direct investment of USD 6.2 billion in Q1 2024, up 46% year-on-year, is funnelling into premium buildings that mandate green credentials and professional upkeep. LEED Gold-certified projects such as OfficeHaus, where Bosch Global Software Technologies leased 10,000 m², highlight the link between sustainability labels and outsourced management contracts. [2]Tung Anh, "2025 - A breakthrough year for Vietnam's logistics industry," vir.com.vn Investor appetite for mixed-use towers that combine offices, retail and residences is widening the Vietnam facility management market as asset owners pursue one-stop service models to control lifecycle costs.
Manufacturing and Logistics Growth via China + 1 and FTAs
Vietnam’s manufacturing capacity has more than doubled over the last decade, backed by USD 1.3 billion LEGO and multi-site Foxconn expansions, and supported by duty-reducing trade pacts such as CPTPP and EVFTA.[3]VietnamPlus, “LEGO factory to start operation,” vietnamplus.vnThe semiconductor pipeline, valued at USD 18.23 billion in 2024, calls for cleanroom operations and precision asset care that only advanced providers can deliver. Comparable hourly wages of USD 2.99 versus China’s USD 6.50 secure cost competitiveness, yet they accentuate the skills gap, prompting manufacturers to outsource complex engineering functions to credible partners. Regional logistics hubs in Hai Phong and Binh Duong need 24/7 maintenance of automated storage and transport systems, multiplying recurring revenue for Vietnam facility management market operators able to guarantee uptime.
Government Smart-City and Infrastructure PPP Initiatives
The national smart-city blueprint earmarks VND 2.14 trillion (USD 95 million) for Da Nang’s digital infrastructure, including provincial monitoring centres and IoT-enabled public services. Similar programmes in Binh Duong blend energy, traffic and waste systems, creating integrated facilities that depend on real-time asset data. Private participation contracts under Vietnam’s PPP law remain modest due to unclear risk allocation, but as frameworks mature, outsourced operators with finance, operations and performance-based contracting skills are well positioned.[4]SGGP News, "Public-Private-Partnership model fails to draw investors," sggpnews.org.vn Long-term concessions will elevate revenue visibility for firms able to supply technology-centric solutions and compliance reporting.
Cost-Optimisation Outsourcing Trend in State and Private Enterprises
Regulations such as Decree 29/2019/ND-CP clarify confidentiality and liability boundaries, easing concerns around third-party use in sensitive assets. State-owned enterprises undergoing restructuring have begun contracting non-core functions, while private groups seek variable-cost models to match fluctuating occupancy. Empirical research in the Mekong Delta showed small and medium enterprises improved earnings when shifting labour-intensive tasks to specialist providers, signalling future demand migration toward bundled service packages. The Vietnam facility management market therefore benefits from a gradual cultural pivot toward performance-led outsourcing, supported by competitive labour arbitrage and management accountability clauses.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Skilled-Labour Shortage and High Turnover in FM Workforce | -1.4% | National, acute in major industrial centers | Short term (≤ 2 years) |
| Price-Focused Procurement Undercutting Service Quality | -0.8% | National, particularly in public sector | Medium term (2-4 years) |
| Absence of Unified FM Licensing and Standards causing Fragmentation | -0.5% | National, affecting service standardization | Medium term (2-4 years) |
| Cyber-Physical Security Concerns Slowing IoT/BMS Adoption | -0.4% | National, concentrated in technology hubs | Short term (≤ 2 years) |
| Source: Mordor Intelligence | |||
Skilled-Labour Shortage and High Turnover in FM Workforce
Only 12% of Vietnam’s labour pool is considered highly skilled, and industrial clusters report 50-60% drops in candidate numbers, leaving 120,000 unfilled vacancies in Q1 2022. Annual year-end demand spikes drive total openings to 77,000 in services, including facility management, straining providers’ ability to meet SLA commitments. Skills gaps in IT, critical-thinking and English limit adoption of smart building platforms, forcing companies to invest heavily in training, eroding margins and tempering near-term Vietnam facility management market expansion.
Price-Focused Procurement Undercutting Service Quality
Lowest-bid selection dominates public contracts, fostering thin profit structures that deter global best-practice players. Studies of construction awards reveal intense price rivalry suppresses bidder participation and promotes corner-cutting, a trend mirrored in facility management tenders. Hospitals procuring non-clinical services from multiple low-cost contractors report fragmented accountability, heightening operational risks. Such dynamics curb technology spending and workforce development, restricting the Vietnam facility management market from realising full value-added potential.
Segment Analysis
By Service Type: Hard Services Anchor Market Leadership While Soft Services Accelerate
Hard Services generated 58.9% of Vietnam facility management market share in 2024, reflecting the dominance of asset-centric contracts covering MEP, fire safety and structural maintenance. LEGO’s USD 1.3 billion net-zero factory and hyperscale data-centre builds require continuous power, cooling and safety system monitoring, anchoring demand for technical expertise. Compliance with global insurer standards intensifies spending on predictive maintenance tools and digitally enabled inspection. Concurrently, Soft Services achieved the highest growth trajectory at 7.6% CAGR. Grade-A office occupancy at 89% and recovery in international arrivals to 4.6 million in Q1 2024 lift demand for concierge, security and hygienic services that safeguard tenant well-being. Workplace apps integrating booking, cleaning and safety notifications exemplify how IoT adoption elevates service sophistication.
Soft Services’ momentum is further supported by the hospitality and healthcare rebound. Outsourced housekeeping and F&B functions enable hotel chains such as those rolled out under the Hilton-ROX partnership to manage variable staffing costs while sustaining service levels. Digital resident platforms like CyHome merge maintenance requests with e-payments, increasing recurring revenue streams for vendors conversant with managed-services business models.
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By Offering Type: Outsourcing Gains Ground Against In-House Preferences
Enterprises retained 54.3% of facility tasks in-house in 2024, a historical reflection of local control norms and embryonic third-party ecosystems. State entities in particular prefer direct labour models pending further governance reforms. Yet, outsourced contracts expanded at 7.8% CAGR, driven by rising complexity and the need for certified skills covering energy analytics, critical-environment protocols and ESG reporting. Single FM arrangements originally dominated, focusing on cleaning and guarding, but bundled and integrated FM packages now grow fastest as landlords and manufacturers recognise the savings from consolidated procurement. Lessons from Mekong Delta SMEs show profit uplift after outsourcing non-core roles, encouraging wider private-sector replication.
Global operators such as Sodexo, ADEN and ATALIAN promote outcome-based contracting that links compensation to uptime, energy use and tenant satisfaction, steering the Vietnam facility management market toward value rather than head-count pricing. Domestic providers respond by acquiring software and training to compete on analytics-led dashboards, narrowing the capability gap.
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By End-User Industry: Commercial Leadership Faces Industrial Sector Challenge
Commercial entities held 36.7% of Vietnam facility management market size in 2024, supported by e-commerce expansion, telecom network upgrades and the proliferation of premium office towers. Da Nang’s IT sector alone posted USD 1.23 billion in software revenues, requiring secure, always-on campuses maintained by certified technicians. Retail centres maintain 94% occupancy and drive spend on crowd-management, HVAC tuning and environmental branding services. The telecom segment’s 5G rollout and VNPT’s Tier III 23,000 m² data centre promote stringent uptime SLAs that few in-house teams can satisfy.
Industrial & Process locations delivered the highest growth at 7.3% CAGR. Semiconductor fabs, renewable-energy plants and mining sites demand ISO-compliant asset registers, vibration analytics and hazardous-area safety routines. Energy investors such as EDP Renewables committed USD 1 billion, multiplying solar and wind assets that call for specialist remote monitoring and high-rope maintenance. Healthcare facilities benefit from USD 262 per-capita expenditure projections and private‐hospital expansion, adding highly regulated environments to the Vietnam facility management market mix
Geography Analysis
Ho Chi Minh City and Hanoi dominate spending owing to concentrated foreign investment, Grade-A office pipelines and expanding retail footprints. Ho Chi Minh City hosts 2.8 million m² of offices spread across 386 buildings with 2% quarterly rent growth, translating into continuous demand for mechanical resilience, cleaning and integrated security. Retail corridors operate at 94% occupancy with monthly ground-floor rents of VND 1.3 million per m², reinforcing year-round footfall management requirements. Hanoi attracts smart-city budgets and headquarters relocations, lifting requests for advanced building-management systems and multilingual frontline teams.
Industrial provinces form the fastest-growing cluster in the Vietnam facility management market. Binh Duong leads industrial property transactions and orchestrates a Japanese-backed smart community plan covering energy, transport and waste, relying on IoT dashboards and predictive maintenance. Dong Nai leverages proximity to Ho Chi Minh City to court export manufacturers, while Bac Ninh and Hai Phong provide northern bases with direct port connectivity. Hai Phong’s green-growth initiative widens the scope for low-carbon building services across ports and processing zones.
Secondary cities such as Da Nang advance through tourism recovery and a VND 95 million smart-city spend on digital administration and real-time monitoring centres. Coastal provinces attract hospitality and renewable energy projects, each necessitating tailored maintenance, guest services and environmental stewardship. National highway, airport and metro upgrades inside a USD 237 billion infrastructure plan will further widen geographical demand vectors for the Vietnam facility management market.
Competitive Landscape
Competition remains fragmented as local firms coexist with global multi-service giants. International groups such as Sodexo, ADEN and ATALIAN leverage cross-border playbooks and digital twins, yet domestic players like Vintek and S4S secure contracts through cost agility and provincial reach. Sodexo’s parent reported global FM revenues of GBP 899.5 million in 2023, highlighting scale benefits that can be rolled into Vietnam operations.
Technology differentiation shapes bidding outcomes. CYFEER’s CyHome app integrates resident requests, payments and utility data, offering landlords a single pane of glass for decision-making. Energy dashboards and AI-enabled fault prediction attract data-centre operators seeking SLA compliance. Sustainability credentials are an emerging gatekeeper: firms able to document carbon-reduction roadmaps and GRESB reporting win preference in green-certified buildings.
M&A activity clusters around niche capabilities. Facility managers chase healthcare, data-centre and energy-asset specialisms where compliance hurdles deter casual entrants. Domestic agencies form alliances with engineering companies to broaden design-build-maintain offerings, while multinationals look to deepen localisation by hiring bilingual supervisors. The Vietnam facility management market is therefore consolidating modestly yet remains open to specialised entrants with vertical depth.
Vietnam Facility Management Industry Leaders
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RCR Vietnam
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Sodexo Vietnam
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ATALIAN Global Services Vietnam
-
Thainam Facility Services
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TKT Cleaning
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- July 2025: CMC Technology Group secured clearance for a USD 250 million hyperscale data-centre in Ho Chi Minh City, targeting 120 MW ultimate capacity.
- May 2025: Vinhomes partnered with VTK Hung Yen Industrial Park to build a Korean community in Ocean City, integrating residential and office spaces.
- March 2025: Saigon Asset Management launched the USD 1.5 billion SAM DigitalHub in Binh Duong, Vietnam’s largest data-centre campus.
- February 2025: ROX Group and Hilton signed to deliver 25 mid-market hotels by 2026, boosting hospitality service demand.
Vietnam Facility Management Market Report Scope
Facility management (FM) is a profession that incorporates many disciplines to ensure functionality, safety, comfort, and efficiency of the built environment by integrating people, process, place, and technology. FMs contribute to the business's bottom line through their responsibility for often maintaining an organization's most significant and most valuable assets, such as property, equipment, buildings, and other environments that house personnel, productivity, inventory, and other elements of the operation. The objective of professional FM as an interdisciplinary business function is to coordinate the demand and supply of facilities and services in both public and private organizations.
The Vietnam facility management market is segmented by service type (hard services [asset management, MEP and HVAC services, fire systems and safety, and other hard FM services] and soft services [office support and security, cleaning services, catering services, and other soft FM services]), offering type (in-house and outsourced [single FM, bundled FM, and integrated FM]), and by end-user (commercial, hospitality, institutional & public infrastructure, healthcare, industrial & process sector, and others). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
By Service Type
| Hard Services | Asset Management |
| MEP and HVAC Services | |
| Fire Systems and Safety | |
| Other Hard FM Services | |
| Soft Services | Office Support and Security |
| Cleaning Services | |
| Catering Services | |
| Other Soft FM Services |
By Offering Type
| In-house | |
| Outsourced | Single FM |
| Bundled FM | |
| Integrated FM |
By End-user Industry
| Commercial (IT and Telecom, Retail and Warehouses, etc.) |
| Hospitality (Hotels, Eateries, Large-scale Restaurants) |
| Institutional and Public Infrastructure (Govt, Education, Transportation) |
| Healthcare (Public and Private Facilities) |
| Industrial and Process (Manufacturing, Energy, Mining) |
| Other End-user Industries (Multi-housing, Entertainment, Sports and Leisure) |
| By Service Type | Hard Services | Asset Management |
| MEP and HVAC Services | ||
| Fire Systems and Safety | ||
| Other Hard FM Services | ||
| Soft Services | Office Support and Security | |
| Cleaning Services | ||
| Catering Services | ||
| Other Soft FM Services | ||
| By Offering Type | In-house | |
| Outsourced | Single FM | |
| Bundled FM | ||
| Integrated FM | ||
| By End-user Industry | Commercial (IT and Telecom, Retail and Warehouses, etc.) | |
| Hospitality (Hotels, Eateries, Large-scale Restaurants) | ||
| Institutional and Public Infrastructure (Govt, Education, Transportation) | ||
| Healthcare (Public and Private Facilities) | ||
| Industrial and Process (Manufacturing, Energy, Mining) | ||
| Other End-user Industries (Multi-housing, Entertainment, Sports and Leisure) | ||
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Key Questions Answered in the Report
What is the current Vietnam Facility Management Market size?
The market stands at USD 8.59 billion in 2025 and is projected to reach USD 12.08 billion by 2030 at a 7.06% CAGR.
Which service category leads spending in the Vietnam facility management market?
Hard Services dominate with 58.9% share owing to large-scale industrial and real-estate investments.
Why is outsourcing in facility management rising in Vietnam?
Cost optimisation, regulatory clarity and the need for specialised skills are pushing a 7.8% CAGR in outsourced contracts.
How are green buildings influencing facility management demand?
With 559 certified projects nationwide, owners require providers capable of energy monitoring, waste reduction and compliance reporting.
Which regions show the fastest growth potential?
Industrial provinces such as Binh Duong, Dong Nai, Bac Ninh and Hai Phong record the highest demand due to manufacturing and logistics expansion.
What skills gap challenges face the Vietnam facility management industry?
Only 12% of workers are considered highly skilled, creating shortages in technical, IT and language capabilities required for modern FM operations.
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