Vietnam Dry-type Transformer Import Guide 2023-2025

Introduction

To help global dry-type transformer manufacturers, exporters, and related suppliers efficiently expand into the Vietnamese market, CRI releases the "Vietnam Dry-type Transformer Import Guide 2023-2025." The guide provides an overview of the Vietnamese dry-type transformer industry, import market, and import company information for the period.

The types of importing companies are diverse, including power companies and public utilities, importers and distributors of electromechanical equipment, general contractors for power projects etc. This guide features the top 10 importing companies, including company profiles, contact information, and important information such as import volume, value, price, import resources, and major suppliers for 2023-2025 (including Excel data source).

The publication of the "Vietnam Dry-type Transformer Import Guide 2023-2025" aims to provide dry-type transformer exporters with precise customer acquisition channels, helping them expand into the Vietnamese market more efficiently. It also provides valuable decision-making insights into international trading companies and investment institutions, helping them optimize their regional supply chain strategies. This guide will help suppliers stay abreast of Vietnamese market trends, mitigate potential risks, and enhance their international competitiveness.

Industry Overview

Vietnam's dry-type transformer industry has developed rapidly in recent years along with the country's industrialization, urbanization, and power infrastructure upgrades. Compared to oil-immersed transformers, dry-type products are more popular in urban construction, building power distribution, and industrial plants, and demand continues to rise.

Dry-type transformers are widely used in scenarios with high safety and stability requirements, such as commercial buildings, residences, hospitals, schools, data centers, and electronic manufacturing plants, due to their high safety, moisture resistance, fire resistance, and low maintenance costs.

Vietnam's local dry-type transformer manufacturing capacity is limited, mainly focusing on the production and assembly of low-voltage, small-capacity models. However, it still relies heavily on imports for medium- and high-voltage, high-efficiency, and high-reliability products.

Demand is driven by several key industries, including electronics manufacturing, automotive manufacturing, food processing, warehousing and logistics centers, urban complexes, and government-driven infrastructure projects. With the increasing number of factories and the rapid expansion of industrial parks, new factory buildings are creating strong demand for safe, reliable, and energy-efficient dry-type transformers.

Furthermore, the rapid rise of Vietnam's data center market (with AWS, Viettel IDC, NTT, and Google increasing their presence) has led to a significant increase in demand for high-end dry-type transformers.

CRI predicts that the dry-type transformer market will continue to grow in the future, driven by the expansion of new energy, data centers, urban infrastructure construction, and high-end manufacturing, with imports remaining at a high level.

Import Market Overview

The demand for dry-type transformer is growing in Vietnam, but local production capacity is limited, and the country is highly dependent on imports.

According to CRI analysis, Vietnam's demand for dry-type transformers continues to grow, primarily driven by upgrades to the national power grid, expansion of power infrastructure, expansion of the industrial manufacturing sector, and the construction of renewable energy projects. While Vietnam's domestic production capacity for dry-type transformers is increasing, it still relies heavily on imports for high-capacity, high-voltage, and specialized applications. Therefore, imports occupy a significant position in the market supply structure.

Vietnam's imports of dry-type transformer continue to increase. China is the largest source of import.

According to CRI statistics, approximately 1800 importers in Vietnam imported dry-type transformer in 2024, totaling US$288 million, a 30.0% year-on-year increase. According to CRI analysis, Vietnam's total imports of dry-type transformer reached US$256 million from January to September 2025, an increase of approximately 23.5% compared to the same period in 2024. China was Vietnam’s the largest import source of dry-type transformer, accounting for approximately 66.4% of total imports from January to September 2025.

Overview of Foreign Investment in Vietnam's Dry-type Transformer Industry

Investment Background

With the continuous growth of foreign-invested manufacturing industries such as electronics, semiconductors, and auto parts in Vietnam, the demand for safe and stable power distribution systems in industrial parks has increased significantly. Dry-type transformers, due to their fire-resistant, low-maintenance, and environmentally friendly characteristics, have become the preferred equipment. In recent years, the rapid expansion of data centers in Vietnam has further driven the demand for highly reliable and efficient dry-type transformers. Since local enterprises have limited production capacity for medium- and high-voltage and high-end energy-saving dry-type transformers, imports and foreign investment remain the dominant forces in the market, creating a natural market space for foreign businesses.

Investment Advantages

1. Political stability and rapid economic development. The Vietnamese government has strong governing capabilities, consistent policies, and a focus on economic development and improving people's livelihoods.

2. Relatively low labor costs.

3. Strategically located in the eastern part of the Indochina Peninsula, with a 3,260-kilometer coastline and numerous ports, transportation is convenient.

4. Relatively relaxed policies and regulations provide foreign investors with comprehensive legal protection and generous preferential policies.

5. Vietnam has a high level of openness to the outside world, with 19 free trade agreements signed or in progress. Investors can use platforms such as RCEP and the China-ASEAN Free Trade Area to explore a broader international market.

Investment Regulations

Dry-type transformers fall under Vietnam's fully foreign-invested electromechanical manufacturing sector, where foreign companies are free to establish wholly owned factories or trading companies. The industry must comply with Vietnamese national standards, international standards, and relevant energy efficiency and fire prevention requirements. Imported equipment must undergo conformity assessment and certificate of origin procedures.

Guide Highlights:

Comprehensive Coverage:

This directory includes major importers in Vietnam, including power companies and public utilities, importers and distributors of electromechanical equipment, general contractors for power projects etc.

Detailed Information:

Including basic information about the TOP10 importers, contact information, import quantity, import value, price, import source and main suppliers.

Product Focus:

With data-driven and market-oriented approach, we focus on key industries and conduct in-depth analysis of Vietnam's import policies, market demand and major sources of supply. Whether you are a foreign trade company, an investment institution, or a practitioner upstream or downstream of the industrial chain, you can quickly find reliable information and practical strategies here.

Efficient Connectivity:

The guide has a clear format and includes Excel data, which facilitates quick screening, group management and batch contact, helping global suppliers to efficiently connect with the Vietnamese market.

Market Value:

The guide includes an overview of Vietnam's dry-type transformer industry, an overview of the import market, and a brief analysis of market demand trends, helping global suppliers seize the Vietnamese market and opportunities.