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Vietnam Facility Management Industry Revenue is Expected to Cross USD 120 Million by 2023: Ken Research
Reading Time: 5 minutes
Key Findings
- The industry revenue for soft services is expected to increase at a CAGR of 5.2% during the period 2018-2023E, while the industry revenue for hard services will increase at a CAGR of 8.8% during the same period.
- Higher inflow of FDI across sector, government spending on infrastructure development and increasing demand of commercial office spaces from MNC’s and big corporate are likely to be the key focus areas for integrated facility management (IFM) services.
- Trends such as alternative use of spaces, development of smart cities environmental sustainability, sustainable procurement and adoption of technologies such as IOT and artificial intelligence are expected to shape the delivery of services in future.
Growing demand of Integrated Facility Management (IFM) Services: Vietnam integrated facility management market is at a growing stage and its penetration has been relatively low in the past due to the lack of standardization of contracts, lack of awareness of the benefits of such services amongst end users and low affordability in the market. However, the growing trend in adopting IFM services can be attributed to greater focus on cost cutting measures and achieving operational efficiency by the end clients. In future, it is anticipated that, IFM will contribute 12.5% share in generating revenues for the facility management industry in Vietnam in 2023E.
Rapid increase in Outsourcing of Public Sector Projects: In future it is anticipated that, outsourcing of public sector projects through PPP and Build operate transfer (BOT) will increase the demand for managing critical environment (crude oil, Gas Pipe lines, electricity grids and others) that requires high skills. Moreover, they carry higher profit margins and require a longer tenure of service.
Disinvestment measures adopted by the Government: Due to inefficient operations of the state owned enterprises, the governments has taken measures to disinvest a large chuck of public sector enterprises over the last 5 years and are going to continue with this course. Privatization of industries will lead to better quality control measures and higher standards of production which will inevitably call for more facility management services.
Increase in Commercial activities: An increase in commercial activities has lead to greater utilization of available space, thereby placing importance on efficiency. This has also lead to the rise of alternate uses of space, co-working spaces and so on. Commercial sector contributed the highest revenue share of 40.0% to the overall facility management industry in Vietnam in 2018. In-house personnel have contributed above 55% in generating revenues in the overall facility management market in 2018.
Analysts at Ken Research in their latest publication “Vietnam Facility Management Market Outlook to 2023 – By Single, Bundled and Integrated Services; By Soft Services (Housekeeping, Security, Landscaping and Others) and Hard Services (Electromechanical Services, Operations and Maintenance Services, Fire Safety and Security Systems), By End User Sectors (Commercial, Industrial, Hospitality, Residential, Infrastructure and Others)” believed that the facility management market in Vietnam will increase due to greater FDI inflows and increasing partnerships with major domestic players for specific expertise in the (soft and hard) services. The market is expected to register a positive CAGR of 6.0% in terms of revenue during the forecast period 2018-2023E.
Key Segments Covered
By Soft Services and Hard Services
- Soft Services
- Housekeeping (including Cleaning)
- Landscaping
- Security
- Others (Waste Management, Mail Delivery Services)
- Hard Services
- Electromechanical Services (including HVAC)
- Operational and Maintenance Services
- Fire Safety and Security Systems
By Type of Services
- Single Services
- Bundled Services
- Integrated Facility Services
By End User Sectors
- Commercial sector
- Industrial Sector
- Hospitality Sector
- Residential sector
- Infrastructure and others
Time Period Captured in the Report:
- Historical Period: 2013-2018
- Forecast Period: 2019-2023E
Companies Covered:
- JLL
- CBRE
- RCR Resolve FM Vietnam
- Sodexo
- Aden
- Atalian
- Savills
- Aeon Delight
- PMC
- P. Dussmann Co. Ltd.
Key Topics Covered in the Report
- Introduction on Vietnam Facility Management Market
- Business Acquisition Process in Vietnam Facility Management Market
- Vietnam Facility Management Market Overview and Genesis
- Vietnam Facility Management Market Size by Revenue, 2018
- Vietnam Soft Facility Management Market Segmentation
- Vietnam Hard Facility Management Market Segmentation, 2018
- Trends and Developments in the Facility Management Market
- Issues and Challenges in the Facility Management Market
- Vendor Selection Process
- SWOT Analysis of Vietnam Facility Management Market
- Competitive Landscape in Vietnam Facility Management Market
- Vietnam Facility Management Market Future Outlook and Projections, 2018-2023E
For more information on the market research report, please refer to the below link:
Other Related Reports
The report provides a comprehensive analysis on the Facility Management Industry of Australia. The report covers various aspects including introduction on Australia Facility Management market, business acquisition process vendor selection process, trends and developments, issues and challenges, SWOT analysis, competitive landscape and government regulations. The report concludes with market projection and analyst recommendations highlighting the major opportunities and cautions.
Australia Facility Management market is at a matured stage. Australia Facility Management market in terms of revenue has increased at a positive CAGR during the period FY’2013-FY’2018. This growth was supported by public sector outsourcing, cost control measures, greater demand from many end user sectors, adoption of sustainable practices and technological advances, along with rising demand for commercial and residential spaces in the country, wherein market players catered to the needs of the clients for both hard and soft services. The customers in the market are highly price sensitive.
The report covers introduction on Indonesia Facility Management market, business acquisition process, vendor selection process, trends and developments, issues and challenges, SWOT analysis, competitive landscape and government regulations. The report concludes with market projection and analyst recommendations highlighting the major opportunities and cautions. Indonesia Facility Management market is at the growing stage. Indonesia Facility Management market in terms of revenue has increased at a positive CAGR during the period 2012-2018(P). This growth was supported by the growth of multinational companies, especially in the construction industry, along with rising demand for industrial and residential spaces in the country, wherein market players catered to the needs of the clients for both hard and soft services. The customers in the market are highly price sensitive and lack awareness about the importance of facility management services has resulted in low penetration.
The report provides a comprehensive analysis on market size by revenue (2012-2017), market segmentation by soft and hard facility management services, by single services, bundled services and integrated services and by sectors, soft services facility management market segmentation by type of services (housekeeping, security, landscaping and others), hard services facility management market segmentation by type of services (electromechanical, operations and maintenance services, Fire Safety and Security Services), competition scenario, shares and company profiles of major players in the market, vendor selection process, trends and developments, issues and challenges in the facility management market and SWOT analysis of the industry. The report also includes future outlook for the market (2018-2022) including estimated market size in terms of revenue and market segmentation by soft and hard facility management services, by single services, bundled services and integrated services and by sectors.
The report is useful for facility management companies, real estate and consulting companies to align their market centric strategies according to ongoing and expected trends in the future.
The report provides a comprehensive analysis of Facility Management in Oman. The report focuses on overall market size, market segmentation by Types of Services (Single, Bundled and Integrated Services), by Sectors (Commercial, Hospitality, Residential, Industries and other sectors), by In house and Outsourcing services and by Hard and Soft Services. The report also covers the overall trends and developments, Vendor selection process and Competitive landscape. The report concludes with market projections for future for the market described above highlighting the major opportunities and cautions for Oman Facility Management.
The Facility Management (“FM”) market in Oman has witnessed robust growth during the review period; however, the market is still in its growth stage. The market is highly fragmented with large number of players operating within the FM industry. The FM market in the past was dominated by soft services but technological advancement and increasing need for building maintenance has resulted in rising demand for hard services. The major growth drivers for the industry include the booming real estate market, growing construction industry, increasing number of shopping malls and supermarkets, expanding hospitality sector and focus on Green Buildings aligned to Vision 2030; creating opportunities for FM services in the country.
SOURCE Ken Research
Fintech PR
Longsys Highlighted Reliable Industrial and Automotive Storage Innovations at Embedded World 2025
NUREMBERG, Germany, March 14, 2025 /PRNewswire/ — Longsys (301308.SZ) successfully showcased its latest industrial and automotive storage solutions at Embedded World 2025 under the theme “Reliable Storage Empower the Industrial World.” The company highlighted its PTM (Product Technology Manufacturing) full-stack customization business model, demonstrating how its tailored storage solutions support industrial automation, smart manufacturing, and automotive applications.
Industrial-Grade Storage: High Performance & Reliability
At the event, Longsys unveiled its next-generation industrial storage solutions, including:
- Industrial DDR5 DIMM – Supported ECC error correction, wide-temperature operation (-40°C to 85°C), and anti-sulfuration, ensuring reliability in industrial environments.
- Industrial PCIe Gen4 SSD – Featured hardware PLP, anti-sulfuration, and LDPC error correction, delivering high-speed performance in AI-driven industrial applications.
- 4TB Industrial SATA SSD – Offered pSLC technology, temperature control, and high endurance, designed for long-duration, high-load operations.
Flash + DRAM: Comprehensive Automotive Storage Solutions
Longsys also presented its comprehensive automotive storage portfolio, integrating automotive LPDDR4x, UFS, eMMC, and SPI NAND Flash. These products passed AEC-Q100 Grade 2/3 testing and are IATF 16949-certified, supporting applications such as ADAS, in-vehicle infotainment, and autonomous driving. Key highlights included:
- Automotive LPDDR4x – Delivered 4266Mbps speed, ultra-low power consumption, and won Best-in-Show at electronica 2024.
- XS400 Automotive Surveillance SSD – Supported 24-channel 1080p HD video recording, ideal for commercial fleet vehicles.
PTM Full-Stack Customization: Flexible Solutions for Automotive & Industrial Applications
Longsys’ PTM (Product Technology Manufacturing) full-stack customization business model provides tailor-made storage solutions for industrial and automotive applications.
- Industrial Storage Customization – Addressing form factor limitations in automation, DPU intelligent networking, and industrial computing, Longsys offers custom SSD and DIMM configurations optimized for specific hardware structures, firmware, and environmental conditions.
- Automotive Storage Customization – Supporting long product lifecycles and stringent automotive-grade requirements, Longsys operates its own in-house packaging and testing facilities to deliver highly reliable, application-specific automotive storage solutions.
With in-house manufacturing and testing centers in Suzhou, South America, and Zhongshan, Longsys ensured a stable, high-quality supply chain. Longsys continues to strengthen its presence in high-reliability storage solutions.
About Longsys
Founded in 1999, Longsys (301308.SZ) is a globally leading branded semiconductor memory enterprise, integrating R&D, design, packaging and testing, manufacturing, and sales services. Longsys upholds the corporate vision of “Everything for memory.” With memory technology innovation at its core, Longsys provides high-end, flexible, and efficient full-stack customized services to global customers. For more information please visit https://www.longsys.com/, and follow Longsys on LinkedIn, Facebook and Twitter.
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Fintech PR
Baron Evans of Sealand and PR Guru Paul Holmes to Lead Davos Communications Summit 2025 on April 10 in Switzerland
The former UK Labour Party General Secretary David Evans will reveal the key strategies behind multiple election victories – lessons that apply beyond politics
DAVOS, Switzerland, March 14, 2025 /PRNewswire/ — Two of the most influential voices in strategic communication – Baron Evans of Sealand and Paul Holmes, will take center stage at the Davos Communications Summit & Awards 2025 on April 10 at the Davos Congress Center. With decades of experience shaping communication victories, global PR trends, and corporate strategies, they will deliver game-changing insights into leadership, messaging, and what’s next in the AI era. Secure your seat now at wcfasummit.com.
Baron Evans of Sealand, member of the House of Lords, former UK Labour Party General Secretary, and Senior Advisor to the Washington DC based Progressive Policy Institute, will deliver a keynote speech on “Win ’24 – The Great Journey from Defeat to Victory,” offering key takeaways of his electoral success applicable to business, politics, and global communications. Joining him is Paul Holmes, founder of PRovoke Media and one of the most respected voices in public relations. His keynote, “AI and 2025 Trends in Public Communications“, will explore how AI is revolutionizing corporate messaging and brand engagement, shaping the next era of strategic communication.
“Successful communication isn’t just about delivering a message – it’s about understanding the people who need to hear it. Reconnecting with key parts of our voting coalition required more than just messaging – it demanded deep insight, a sharp strategic focus, and clear, consistent communication. At Davos Communications Summit 2025, I’ll break down the practical strategies behind this success and how they apply far beyond politics – to anyone looking to influence, engage, and lead effectively,” commented Baron Evans of Sealand.
The Davos Communications Summit & Awards 2025, hosted by the World Communications Forum Association (WCFA), will take place in Davos on April 9-11 and welcomes business and communication professionals to join for a two-day conference and gala dinner.
Among the distinguished speakers, representing Europe, North America, Africa and Asia, are also: Guntram Kaiser, Founder of KaiserCommunication GmbH, Stuart Bruce, PR Futurist & Co-Founder at Purposeful Relations, Catherine Hernandez-Blades, Independent Board Director, Chetna Krishna, Communications Officer at CERN, Iryna Zolotarevych, Advisor to the Minister of Social Policy of Ukraine, Kateryna Doroshevska, Founder & CEO, BECOME PR agency, Katja Fasink, CEO, key7 Communications, Kirsty Leighton, Founder & Group CEO at Milk & Honey PR; Laura Baxter, CEO of Castle Mount Media GmbH; Mary Beth West, Senior Strategist, Mike Southon, Entrepreneur Mentor, The Beermat Entrepreneur, Paul Holmes, Founder at PRovoke Media, Sanjiv Winayak, Senior Client Director/Head of AI at Milk & Honey, Sophie Reymond, Public Relations Consultant and Founder at SRPR, Syed Bukhari, Senior Manager Strategic Communications & Visibility at American University of Sharjah, Tatevik Simonian, Director Communications & International Relations, SPRING PR, Thabisile Phumo, Executive Vice President Stakeholder Relations at Sibanye-Stillwater, Viroslava Novosylna, CEO & Founder at SLOVA PR.
For the first time, the Davos Communications Awards Ceremony will be held in person during the Gala Dinner on April 10, recognizing excellence in public relations, corporate communications, and industry innovation worldwide. All communication experts, agencies and in-house teams are invited to submit their work at www.davosawards.com.
The Davos Communications Summit & Awards 2025 is in cooperation with the Public Relations and Communications Association (PRCA) and is proudly supported by The #PREthics Community as the gold sponsor and Brain 4 Strategy as the silver sponsor. The official media partner is PR Newswire, part of Cision Group Ltd.
About World Communications Forum:
Founded in 2010 in Davos, Switzerland, the World Communications Forum Association is a premier global platform for networking, knowledge exchange, and industry development, focused on upgrading its members’ expertise and to be an active voice in business, society and politics. WCFA’s flagship event, the World Communications Forum, has been hosted in major cities worldwide, including Istanbul, Prague, Moscow, New York City, Kuala Lumpur, Mumbai, Mexico City, Lusaka, Cape Town, and Geneva. In 2020, the association launched the Global Communications Summit on Zoom, bringing together over 450 global experts to establish the Tenets for Ethical Communications, endorsed by 135 industry leaders from 36 countries.
For more information, contact:
Maxim Behar, WCFA President
mainoffice@wcfaglobal.com
+359 888 50 31 13
www.wcfaglobal.com
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VICTORIA, Seychelles, March 14, 2025 /PRNewswire/ — KuCoin, a global leading cryptocurrency exchange, is excited to announce the release of its latest market trend and trading bot strategies report for March 2025. This detailed production is designed to empower traders by enhancing their understanding of the crypto market and refining their trading techniques.
This new report is set to support both novice and experienced traders by providing them with a detailed historical analysis of Bitcoin’s performance over the past 13 years, diving into the long-term trends and cyclicality of the market, enabling traders to enhance their understanding of the market landscape.
To help everyone to better keep up with the dynamics of the market, the report features a calendar of key events in March that are expected to impact the crypto markets. This report serves as learning materials with the purpose of information sharing, users are welcome to leverage the detailed information provided in the report to personalize their own analysis and develop trading strategies that align with their individual trading habits and risk appetite.
This is a testament to KuCoin’s ongoing commitment to education and excellence in the crypto trading space. New users are also welcomed to join the latest Trading Bot Carnival to stand a chance of getting various types of rewards. Users are encouraged to read through risk warnings before proceeding to investing.
For a full report and access to the educational resources provided by KuCoin, please visit KuCoin Official Website.
About KuCoin
Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 40 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots.
KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. This recognition reflects its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence. Learn more: https://www.kucoin.com/.
Disclaimer: This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions or any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances.
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