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Share this article Share this article ResearchAndMarkets.com s offering. The growth of the construction industry in Asia Pacific was impacted in 2020 due to COVID-19 restrictions. Despite the crisis, the long term growth story remains intact. In APAC, the construction industry in Vietnam has been the best performing one. Despite the coronavirus outbreak, the sector continued to grow strongly in 2020. In China, the construction output is expected to record a sharp bounce back in 2021. Moreover, China is on its way to becoming the largest construction industry over the next decade. Though growth in residential construction remained subdued in 2020, the sector is expected to grow from 2021. Across developing markets in the region there is a strong government focus on affordable housing. For instance, the Indian government recently announced the Affordable Rental Housing Scheme (AHRC) scheme to provide affordable rental accommodation to migrant workers. This along with the Maha Awas

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