Vietnam Refrigeration Compressor Import Guide 2023-2026

Introduction

To help global refrigeration compressor manufacturers, exporters, and related suppliers efficiently expand into the Vietnamese market, CRI releases the "Vietnam Refrigeration Compressor Import Guide 2023-2026." The guide provides an overview of the Vietnamese refrigeration compressor industry, import market, and import company information for the period.

The types of importing companies are diverse, including professional importer of refrigeration equipment, manufacturer of complete units such as air conditioners, refrigerators, and freezers, distributor and after-sales service provider of refrigeration equipment. 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 2023-2026 (including Excel data source).

The publication of the "Vietnam Refrigeration Compressor Import Guide 2023-2026" aims to provide refrigeration compressor 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 refrigeration compressor industry has experienced rapid growth in recent years, benefiting from the expansion of home appliance manufacturing, the development of cold chain logistics, and increased industrial refrigeration demand.

With rising household incomes and accelerated urbanization, the consumption of home appliances such as air conditioners, refrigerators, and freezers continues to increase, driving a steady rise in demand for household compressors.

Meanwhile, the expansion of e-commerce, fresh food, seafood processing, and pharmaceutical logistics has led to the rapid development of refrigeration systems for cold chain storage and food processing, resulting in a significant increase in demand for medium and large commercial and industrial compressors.

The Vietnamese government's promotion of cold chain infrastructure construction, food processing exports, and industrial park expansion has further increased the market capacity for refrigeration equipment and compressors, leading to rapid demand growth and diversified development in the industry.

Vietnam's domestic refrigeration compressor manufacturing capacity is limited, mainly concentrated in internal supporting production or partial assembly processes within home appliance manufacturers. Local enterprises generally lack core compressor technologies.

Most compressors on the market are imported, including those for household air conditioners, refrigerators, medium and large-sized cold storage facilities, and food processing.

With the continued expansion of Vietnam's cold chain, home appliance production, and industrial refrigeration, the demand for mid-to-high-end energy-saving compressors will continue to rise and import dependence will remain at a high level in the short to medium term. This will also provide long-term market opportunities for foreign compressor manufacturers and technical service companies.

Import Market Overview

Vietnam’s refrigeration compressor import market is experiencing growth in demand, with a high import dependence.

According to CRI analysis, Vietnam's refrigeration equipment import market has maintained steady growth in recent years, driven primarily by the expansion of local manufacturing, the accelerated development of its cold chain logistics system, the growth of the food processing industry, and the rapid expansion of retail channels such as convenience stores, supermarkets, and restaurants. While Vietnam possesses some capacity to assemble low- to mid-range refrigeration equipment, it relies heavily on imports for key components, energy-efficient equipment, and commercial and industrial refrigeration systems, particularly commercial freezers, industrial cold storage equipment, cold chain transport refrigeration units, ultra-low temperature equipment, and high-efficiency compressor systems.

Vietnam's imports of refrigeration compressor continue to increase. China is the largest source of imports.

According to CRI statistics, approximately 900 importers in Vietnam imported refrigeration compressor in 2024, totaling US$118 million, a year-on-year increase of about 33.9%. According to CRI analysis, Vietnam's total imports of refrigeration compressor reached US$98.31 million from January to September 2025, an increase of approximately 11.5% compared to the same period in 2024. China, South Korea and Japan are Vietnam's top three sources of imports, accounting for approximately 67.4%, 9.7%, 6.2% of total imports respectively from January to September 2025.

Overview of Foreign Investment in Vietnam's Refrigeration Compressor Industry

Investment Background

With rising income levels and rapid urbanization, demand for air conditioners, refrigerators, and freezers in Vietnam continues to expand. Simultaneously, the development of food processing, seafood exports, e-commerce logistics, and pharmaceutical cold chain logistics has led to rapid expansion of the market for medium-to-large-sized refrigeration systems and industrial compressors. However, due to limited local manufacturing capacity in Vietnam, the market exhibits significant technological dependence and import demand, creating substantial entry opportunities for foreign companies with technological advantages.

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

Vietnam maintains a high degree of openness to the refrigeration compressor manufacturing, refrigeration equipment assembly, and related component industries, allowing 100% foreign-owned factories. According to the Investment Law, the Development Support Plan, and the Catalogue of Encouraged High-Tech Products, compressor manufacturing is a priority sector in Vietnam's machinery and electronics industry, and is eligible for preferential policies such as corporate income tax breaks.

Guide Highlights:

 Comprehensive Coverage:

This directory includes major importers in Vietnam, including professional importer of refrigeration equipment, manufacturer of complete units such as air conditioners, refrigerators, and freezers, distributor and after-sales service provider of refrigeration equipment 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.

 Wide Range of Applications:

Applicable to ABS resin producers, traders, plastic product manufacturers and other investment institutions.

 Market Value:

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