Introduction

The Master’s Program in Construction Economics at the Faculty of Economics and Management, Thuyloi University, is an application-oriented graduate program designed for professionals seeking advanced expertise at the intersection of economics, management, finance and technology in the construction sector. The program develops analytical and decision-making capabilities for construction investment, project governance, cost and schedule management, risk, procurement and contracting, and digital transformation. Through a 60-credit curriculum combining advanced coursework, applied professional learning and a master’s thesis, learners strengthen their ability to address complex practice-based problems and prepare for senior professional responsibilities or further doctoral study.

Highlights

• Application-oriented curriculum completed in 1.5 years (three semesters), totaling 60 credits.
• Interdisciplinary coverage of construction economics, finance, project and enterprise management, quantitative analysis, risk, procurement and contracting, and digital technologies.
• Strong practical component, including two applied special-topic internships and an 8-credit master’s thesis.
• A broad elective pool enables learners to develop deeper expertise in areas such as construction investment economics, BIM, financial analysis, maintenance management, economic policy, digital transformation, forecasting and water resources economics.
• Learning is supported by experienced academic staff and opportunities to engage with research, seminars and professional practice in construction and infrastructure development.

Objectives

The program aims to enable graduates to:

• apply advanced knowledge of economics, management and finance to construction investment and project decision-making;
• use research methods and quantitative tools to analyze, synthesize and evaluate complex economic and managerial issues in construction;
• manage construction projects and organizations with particular attention to cost, quality, schedule, risk, procurement, contracts and investment effectiveness;
• apply digital technologies and management information systems, including BIM-related applications, to improve professional practice; and
• work independently, exercise professional judgment, communicate evidence-based recommendations and pursue further research at doctoral level when appropriate.

Career Prospects

Graduates are prepared for advanced professional and managerial roles in public agencies, project owners, construction and infrastructure enterprises, consulting firms, project management units, and research or educational institutions. Typical areas of work include construction investment and project management, cost management and appraisal, procurement and tendering, contract administration, financial and investment analysis, project monitoring and evaluation, enterprise management, policy analysis, and digital transformation in construction. The program also provides a foundation for progression to doctoral study in construction economics and related fields.

Academic Staff

Selected doctoral-level academic staff of the Department of Construction Economics include:

• Prof. Dr. Lê Văn Chính – Dean, Faculty of Economics and Management; Head of the Department of Construction Economics
• Prof. Dr. Nguyễn Thiện Dũng – Vice Dean; Deputy Head of the Department of Construction Economics
• Đỗ Văn Chính – Deputy Head of the Department of Construction Economics
• Lê Minh Thoa – Senior Lecturer
• Trần Thị Hồng Phúc – Senior Lecturer
• Nguyễn Văn Phương – Lecturer
• Bùi Anh Tú – Senior Lecturer

Curriculum Structure

The current 2026 curriculum comprises 60 credits distributed across the following blocks:

Curriculum block	Credits	Share of program
General Knowledge	9	15%
Foundation Knowledge	12	20%
Specialized Electives	24	40%
Applied Internship and Master’s Thesis	15	25%
Total	60	100%

Indicative Study Plan by Semester

Semester	Credit load	Main components
Semester I	22 credits	Scientific Research Methodology; English; six foundation modules; 4 credits of specialized electives.
Semester II	21 credits	18 credits of specialized electives and Special Topic Internship 1 (3 credits).
Semester III	17 credits	Philosophy (3 credits); 2 credits of specialized electives; Special Topic Internship 2 (4 credits); Master’s Thesis (8 credits).

Core and Foundation Modules

Module	Credits
Scientific Research Methodology	2
English	4
Philosophy	3
Advanced Management Science	2
State Management of Construction	2
Advanced Construction Cost Analysis	2
Construction Quality Management	2
Construction Schedule Management	2
Quantitative Methods for Management	2

Specialized Elective Pool

Students complete 24 credits from the approved specialized elective offerings, subject to the official study plan and course availability.

Elective modules 1-11	Elective modules 12-22
1. Economics for Managers (2 credits)	12. Engineering Administration (2 credits)
2. Risk Management in Construction (2 credits)	13. BIM Applications in Construction (2 credits)
3. Advanced Construction Project Management (2 credits)	14. Building Maintenance Management (2 credits)
4. Advanced Human Resource Management (2 credits)	15. Procurement, Tendering and Contract Management in Construction (2 credits)
5. Advanced Management Information Systems (2 credits)	16. Science and Technology Management (2 credits)
6. Advanced Construction Investment Economics (2 credits)	17. Contemporary Management (2 credits)
7. Construction Standards and Norms (2 credits)	18. Investment Project Preparation and Appraisal (2 credits)
8. Advanced Construction Enterprise Management (2 credits)	19. Economic Policy Analysis and Assessment (2 credits)
9. Advanced Construction Project Monitoring and Evaluation (2 credits)	20. Leading Digital Transformation (2 credits)
10. Advanced Corporate Financial Analysis (2 credits)	21. Analysis and Forecasting in Construction Economics (2 credits)
11. Advanced Managerial Accounting (2 credits)	22. Water Resources Economics (2 credits)

Applied Learning and Graduation Requirement

Component	Credits
Special Topic Internship 1	3
Special Topic Internship 2	4
Master’s Thesis	8

Note: English module titles have been lightly standardized for grammar and international website readability. The official Vietnamese curriculum and approved course list remain the governing documents.

Suggested Website Visuals

To accompany the program page, three high-resolution photographs are recommended:

• Graduate learners in a seminar, classroom or case-based learning activity related to construction economics or project management.
• Applied or field-based learning linked to construction, infrastructure, investment projects or professional practice.
• Research, academic seminar, thesis presentation or faculty-student scholarly activity.

Video

Faculty of Economics and Management introduction video (2026): YouTube video

Contact

Department	Department of Construction Economics, Faculty of Economics and Management
Location	Room 211-A5, Thuyloi University, 175 Tay Son Street, Kim Lien Ward, Hanoi, Vietnam
Academic contact	Assoc. Prof. Dr. Lê Văn Chính
Email	[email protected]
Faculty email	[email protected]