In order to meet the demand for sustainable development in Vietnam’s construction industry, promoting the circular economy (CE) model is increasingly being recognized as a means to optimize resource use and minimize negative environmental impacts. This study focuses on identifying the key factors that motivate construction enterprises in Vietnam to adopt CE principles. Through a survey conducted with experts in the construction and supply chain management sectors, data was collected to analyze and rank the influence of each factor. Utilizing exploratory factor analysis with SPSS software, the study assessed the primary driving factors for CE implementation in the construction industry. These findings will help enterprises develop strategic approaches to leverage CE principles and foster sustainable development in the future.