A concrete wall formwork module comprising a first side wall panel structure including a first grid and a first panel secured to the first grid, a second side wall panel structure including a second grid and a second panel secured to the second grid, and connecting rods having about a same length hingedly interconnecting the first and second side wall panel structures to allow movement thereof between a retracted parallel relationship to a spaced apart parallel relationship. A plurality of such concrete wall formwork modules allow assembling a formwork which is functionally similar to conventional formwork since the facing side wall panel structures are connected in a parallel relationship by the thin spacer connecting rods which allow concrete to freely travel within the formwork. When the first and second side wall panel structures are in the retracted parallel relationship, the concrete wall formwork module is more compact and therefore easier and less costly to transport.