Vietnam Excavator Import Guide 2023-2025

Introduction

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

Importing companies are of various types, including infrastructure construction companies, international traders, real estate developers 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 Excavator Import Guide 2023-2025" aims to provide Excavator exporters with precise customer acquisition channels, helping them expand into the Vietnamese market more efficiently. It also provides valuable decision-making insights for 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 excavator industry has maintained steady growth in recent years, driven by infrastructure construction and industrialization, making it one of the most dynamic segments of the Vietnamese construction machinery market.

The Vietnamese excavator market is dominated by imported brands, with limited local production capacity. Currently, the market is primarily driven by Japanese, Chinese, South Korean, and European/American brands. Some Chinese and South Korean companies have established assembly or after-sales service centers in Vietnam to increase their local market share.

Vietnam's demand for excavators mainly comes from infrastructure construction, real estate development, mining, and agricultural mechanization.

In recent years, the government has vigorously promoted infrastructure projects such as transportation, ports, power, and water conservancy, and accelerated urbanization, all of which have significantly boosted the demand for medium and large excavators. At the same time, driven by land consolidation and rural construction, the market demand for small excavators is also growing rapidly.

Chinese brands, with their advantages of high cost-performance ratio and well-established service networks, are gradually taking over the low-to-mid-end market; while Japanese and European and American brands are still competitive in high-end equipment and large-scale projects.

Vietnam's excavator industry is expected to continue to benefit from government infrastructure investment plans in the coming years, and the market size is expected to maintain medium-to-high-speed growth.

Import Market Overview

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

According to CRI analysis, the excavator import market is a crucial component of Vietnam's construction machinery industry and a primary source of equipment to meet domestic infrastructure construction and industrialization needs. Due to limited local manufacturing capabilities, Vietnam's excavator market has long relied on imported equipment, resulting in a market structure dominated by foreign brands. Vietnam's Excavator imports continue to increase, with rapid growth..

According to CRI statistics, approximately 370 importers in Vietnam imported Excavator in 2024, totaling US$148 million, a 37% year-on-year increase. According to CRI analysis, Vietnam's total excavator imports reached US$197 million from January to August 2025, an increase of over 100% compared to the same period in 2024. Japan, South Korea, and China were Vietnam's top three sources of excavator imports, accounting for approximately 46%, 33%, and 13% of total imports respectively from January to August 2025.

Overview of Foreign Investment in Vietnam's Excavator Industry

Investment Background

Vietnam is currently undergoing rapid urbanization and industrialization, with the government continuously increasing investment in infrastructure construction, industrial park development, mineral resource extraction, and agricultural modernization. This provides a long-term and stable market demand for excavators and other construction machinery.

Currently, the Vietnamese market mainly relies on imported equipment, and local production has not yet formed a complete system. Foreign investment in the fields of excavator manufacturing, parts production, equipment leasing and after-sales service has obvious market potential.

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 protections 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

According to Vietnam's new investment law, foreign investment in the Excavator industry is permitted. According to Vietnam's investment regulations, foreign investment can be conducted in direct and indirect forms, such as wholly foreign-owned enterprises, joint ventures, investment and financing, and mergers and acquisitions.

Guide Highlights:

Comprehensive Coverage:

This directory includes major importers in Vietnam, including infrastructure construction companies, international traders, real estate developers etc.

Detailed Information:

Including basic information of 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 excavator industry, an overview of the import market, and a brief analysis of market demand trends, helping global suppliers seize the Vietnamese market and opportunities.