The Impact of the COVID-19 on the Construction Industry in Vietnam

Autor: Van Tam Nguyen, Bao Ngoc Nguyen, Toan Quoc Nguyen, Anh Tung Chu, Hai Tuan Dinh
Jazyk: angličtina
Rok vydání: 2021
Předmět:
Zdroj: International Journal of Built Environment and Sustainability, Vol 8, Iss 3 (2021)
Druh dokumentu: article
ISSN: 2289-8948
DOI: 10.11113/ijbes.v8.n3.745
Popis: The COVID-19 pandemic has generated a wide range of socio-economic disruption, which causes devastating in numerous aspects. Our knowledge of the true health of the construction industry under the ravage of COVID-19 outbreak is largely based on very limited data. This study aims to assess the impact of pandemic on the construction industry through an investigation in Vietnam. Data were collected through 129 respondents whose online questionnaire survey completed according to their recentdirect or indirect participation in delivering construction projects during the spread. The implications of COVID-19 on the construction industry were examined based on simple percentage analysis and Relative Importance Index approaches. Three principal facets of the construction industry were considered: firms' business activities, project performance, and workforce demand. The findings highlighted the multilevel, multidimensional nature of the epidemic consequences on the construction sector. Notably, the revenue and profitability, in a general sense, have decreased during the COVID-19 period, while most of the production and business costs had remained unchanged. Further, the pandemic was argued to impair construction practitioners' incomes and mental health and sabotage projects' schedule and cost.
Databáze: Directory of Open Access Journals