SOLUTIONS FOR PROMOTING THE DEVELOPMENT OF VALUE ENGINEERING IN THE VIETNAMESE CONSTRUCTION INDUSTRY

Abstract

Nowadays, Value Engineering (VE) is being widely practiced in many countries around the world. However, its concepts and applications do not seem to be well embraced in the Vietnamese construction industry. This study aims to seek solutions for promoting the development of VE in the Vietnamese construction industry. Most of the previous studies gave solutions in deficiencies and lack of analysis. On the basis of literature review and interviews with experts during the pilot test of the study at the initial stage, fifteen solutions were identified. A questionnaire survey was then conducted to rate the effective degree of the fifteen solutions. This study revealed six most effective solutions that should be taken with first priorities to promote the VE development. Additionally, the factor analysis method was applied to investigate the correlation effects of the solutions, which resulted in four core factors representing the solutions, namely, positive interest from government and construction stakeholders; education about VE; presence of VE organizations in the construction industry; and interaction with the outside world. The findings of the study are expected to bring the most effective solutions to promote the development of VE in the Vietnamese construction industry.