Asian countries have been playing an important role in the global economy. Besides Japan, China, and India, the ASEAN Economic Community is also a driving force for Asian economic growth. Since some ASEAN counties (e.g., Vietnam, Cambodia, Myanmar, etc.) have similar situations and are in need of construction, it is good to know the potential construction risks in these countries. In this paper, the construction risks in Vietnam are studied from a private owners' perspective.
A total of twenty-two risks related to the economy, politics, management, and law are identified from the literature, followed by pilot surveys with experts with many years of experience in the construction industry in Vietnam. 58 out of 86 questionnaires are collected for factor analysis with the Kaiser-Meyer-Olkin (KMO) and Bartlett's test. After the factor analysis, two politics-related risks are eliminated, leaving twenty risks grouped into six factors. These factors are further processed using a regression model. The results show that the owner's capital has the greatest impact on Vietnam's construction projects, while legal risks have the least. These findings would greatly help private owners plan construction projects in Vietnam and other similar ASEAN counties.

"/> Asian countries have been playing an important role in the global economy. Besides Japan, China, and India, the ASEAN Economic Community is also a driving force for Asian economic growth. Since some ASEAN counties (e.g., Vietnam, Cambodia, Myanmar, etc.) have similar situations and are in need of construction, it is good to know the potential construction risks in these countries. In this paper, the construction risks in Vietnam are studied from a private owners' perspective.
A total of twenty-two risks related to the economy, politics, management, and law are identified from the literature, followed by pilot surveys with experts with many years of experience in the construction industry in Vietnam. 58 out of 86 questionnaires are collected for factor analysis with the Kaiser-Meyer-Olkin (KMO) and Bartlett's test. After the factor analysis, two politics-related risks are eliminated, leaving twenty risks grouped into six factors. These factors are further processed using a regression model. The results show that the owner's capital has the greatest impact on Vietnam's construction projects, while legal risks have the least. These findings would greatly help private owners plan construction projects in Vietnam and other similar ASEAN counties.

"/> Asian countries have been playing an important role in the global economy. Besides Japan, China, and India, the ASEAN Economic Community is also a driving force for Asian economic growth. Since some ASEAN counties (e.g., Vietnam, Cambodia, Myanmar, etc.) have similar situations and are in need of construction, it is good to know the potential construction risks in these countries. In this paper, the construction risks in Vietnam are studied from a private owners' perspective.
A total of twenty-two risks related to the economy, politics, management, and law are identified from the literature, followed by pilot surveys with experts with many years of experience in the construction industry in Vietnam. 58 out of 86 questionnaires are collected for factor analysis with the Kaiser-Meyer-Olkin (KMO) and Bartlett's test. After the factor analysis, two politics-related risks are eliminated, leaving twenty risks grouped into six factors. These factors are further processed using a regression model. The results show that the owner's capital has the greatest impact on Vietnam's construction projects, while legal risks have the least. These findings would greatly help private owners plan construction projects in Vietnam and other similar ASEAN counties.

"/> Asian countries have been playing an important role in the global economy. Besides Japan, China, and India, the ASEAN Economic Community is also a driving force for Asian economic growth. Since some ASEAN counties (e.g., Vietnam, Cambodia, Myanmar, etc.) have similar situations and are in need of construction, it is good to know the potential construction risks in these countries. In this paper, the construction risks in Vietnam are studied from a private owners' perspective.
A total of twenty-two risks related to the economy, politics, management, and law are identified from the literature, followed by pilot surveys with experts with many years of experience in the construction industry in Vietnam. 58 out of 86 questionnaires are collected for factor analysis with the Kaiser-Meyer-Olkin (KMO) and Bartlett's test. After the factor analysis, two politics-related risks are eliminated, leaving twenty risks grouped into six factors. These factors are further processed using a regression model. The results show that the owner's capital has the greatest impact on Vietnam's construction projects, while legal risks have the least. These findings would greatly help private owners plan construction projects in Vietnam and other similar ASEAN counties.

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Call for Paper - Upcoming Issues

Statistical Analysis of Risks for Construction Projects in Vietnam: from Private Owners’ Perspective

International Journal of Civil Engineering
© 2019 by SSRG - IJCE Journal
Volume 6 Issue 1
Year of Publication : 2019
Authors : Quang-Long Nguyen and Po-Han Chen
10.14445/23488352/IJCE-V6I1P103
pdf
How to Cite?

Quang-Long Nguyen and Po-Han Chen, "Statistical Analysis of Risks for Construction Projects in Vietnam: from Private Owners’ Perspective," SSRG International Journal of Civil Engineering, vol. 6,  no. 1, pp. 13-21, 2019. Crossref, https://doi.org/10.14445/23488352/IJCE-V6I1P103

Abstract:

Asian countries have been playing an important role in the global economy. Besides Japan, China, and India, the ASEAN Economic Community is also a driving force for Asian economic growth. Since some ASEAN counties (e.g., Vietnam, Cambodia, Myanmar, etc.) have similar situations and are in need of construction, it is good to know the potential construction risks in these countries. In this paper, the construction risks in Vietnam are studied from a private owners' perspective.
A total of twenty-two risks related to the economy, politics, management, and law are identified from the literature, followed by pilot surveys with experts with many years of experience in the construction industry in Vietnam. 58 out of 86 questionnaires are collected for factor analysis with the Kaiser-Meyer-Olkin (KMO) and Bartlett's test. After the factor analysis, two politics-related risks are eliminated, leaving twenty risks grouped into six factors. These factors are further processed using a regression model. The results show that the owner's capital has the greatest impact on Vietnam's construction projects, while legal risks have the least. These findings would greatly help private owners plan construction projects in Vietnam and other similar ASEAN counties.

Keywords:

Risk management, factor analysis, multiple regression, construction, Vietnam.

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