Promoting connection and extensive cooperation between Vietnamese and Chinese elevator businesses

The exhibition gathered managers, industry associations, scientific experts and businesses from Vietnam, China and many countries and territories in the elevator industry. In just 3 days of the exhibition, a series of activities were organized by both sides to promote connection, trade and extensive cooperation between elevator businesses on both sides. The series of events within the framework of the exhibition received attention and high appreciation from the Ministry of Industry and Trade of Vietnam, the government and the business community.

Impressions of the opening ceremony

Attending the opening ceremony were Mr. Vo Hong Son - Chief Representative of the Ministry of Industry and Trade Office in the Central - Southern region; Mr. Duong Mieu - Commercial Counselor, Consulate General of China in Ho Chi Minh City; Mr. Vuong Duc Duong - Deputy Director of the Foreign Trade Development Department, Ministry of Commerce of China; along with representatives of the China Elevator Association (CEA), experts from many other countries...

According to the Organizing Committee, the exhibition is a gathering place for managers, industry associations , scientific experts and businesses from Vietnam, China and many other countries and territories, to share technology, cooperate in trade and promote the development of the smart - safe - sustainable elevator industry.

Speaking at the opening of the exhibition, Ms. Nguyen Thi Kim Lien, representative of Spex International Co., Ltd. - Head of the Organizing Committee of the Vietnam International Elevator Exhibition 2025, said that since its first organization in 2019 in Hanoi, the Vietnam International Elevator Exhibition has become a prestigious meeting place, a gathering place for businesses, experts, engineers and customers in the industry.

Through each exhibition, the event has continuously grown in both scale and quality, affirming its important role in promoting trade, connecting cooperation and spreading new development trends in the elevator industry.

This year's Vietnam International Elevator Exhibition 2025 has the participation of nearly 100 typical enterprises from many countries and territories such as Vietnam, China, Malaysia, Korea, India, with thousands of visitors expected during the 3-day exhibition.

In the context of Vietnam and the region's accelerating urbanization, the need for elevators, escalators, and smart, green mobility solutions is becoming increasingly urgent - safe - effective.

Ms. Nguyen Thi Kim Lien emphasized that this year's exhibition is organized with three major goals: Displaying the most advanced technology in the elevator industry and related applications - from design, manufacturing, components, safety equipment, to smart, energy-saving solutions;

Connecting businesses - expanding cooperation: Creating a trade bridge, promoting investment and cooperation opportunities between Vietnamese and international businesses;

At the same time, sustainable development orientation: Encourage the elevator industry to transform towards greening, digitalization, artificial intelligence and smart urban development.

In particular, within the framework of this year's exhibition, there is also a Vietnam - China Elevator Industry Business Connection Conference. This is a valuable space - where experts and businesses can share experiences, find new solutions and together shape the future of the elevator industry in the region.

Bridge for long-term cooperation between Vietnam and China

Speaking at the exhibition, Mr. Vo Hong Son - Chief Representative of the Ministry of Industry and Trade Office in the Central - Southern region said that the Vietnam International Elevator Exhibition 2025 is not only a place to display advanced technology but also a bridge for Vietnamese and international enterprises to establish long-term cooperative relationships, together aiming at the goal of developing a smart - safe - green and sustainable elevator industry.

In order for the Vietnamese elevator industry to develop sustainably in the new period, according to Mr. Vo Hong Son, it is necessary to identify a number of orientations: Perfecting policy mechanisms and technical standards, ensuring operational safety, in sync with international standards. Encouraging technological innovation, domestic production; increasing the localization rate of components, reducing import dependence. It is necessary to promote international cooperation through forums and exhibitions like today, to share experiences, transfer technology and expand the market. At the same time, it is necessary to build high-quality human resources, train specialized engineers and technicians to meet the needs of modern industry.

Mr. Vo Hong Son cited research from Future Market Report, the elevator market size is estimated to reach 17,500.50 million USD in 2024 and is expected to reach 28,400.75 million USD in 2032, growing at a CAGR of 6.2% from 2025 to 2032, with prominent trends being smart, energy-saving elevators, IoT applications and artificial intelligence.

Vietnam currently has more than 480,000 elevators in operation, with a need for new installations of 40,000 to 45,000 units per year. The urban population accounts for about 42% of the total population of more than 100 million, leading to a large demand for vertical transport infrastructure in social housing projects, commercial centers, urban areas and public works. With the position of a fast-growing economy and assessed to have the highest growth rate in Southeast Asia, the demand of many large domestic projects is creating momentum for the elevator industry to develop even more strongly.

Conference “Smart Elevators & Modern Urban Safety - Global Trends and Sustainable Cooperation”

Within the framework of the Vietnam International Elevator Exhibition 2025, the conference “Smart Elevator & Modern Urban Safety - Global Trends and Sustainable Cooperation” was held on the afternoon of September 24. The event marked an important step forward in the exchange, connection and cooperation between Vietnamese and Chinese elevator enterprises.

The event received great attention from domestic and international public opinion, opening up opportunities for trade and extensive cooperation between businesses of the two countries.

Cooperation brings double benefits

Speaking at the opening of the conference, Ms. Nguyen Thi Kim Lien, Head of the Organizing Committee of the Vietnam International Elevator Exhibition 2025, said that the conference was organized to enhance trade exchange, meet the great demand in the two markets. Promote investment cooperation, production and development of a modern and sustainable elevator industry ecosystem; Promote technology transfer, application of smart, energy-saving elevators. At the same time, develop high-quality human resources through training and research cooperation.

“ More importantly, we are laying the foundation for a comprehensive cooperation ecosystem, helping businesses of both countries not only find business partners but also share experience, technology and resources for sustainable development ,” Ms. Nguyen Thi Kim Lien emphasized.

Speaking at the conference, Mr. Vo Hong Son, Chief Representative of the Ministry of Industry and Trade Office in the Central and Southern regions, said that the Vietnam - China Elevator Industry Business Connection Conference is an event of special significance, taking place in the context of the economic and trade cooperation between the two countries being constantly strengthened and expanded.

Branch Vietnam's elevator industry currently has more than 300 operating enterprises, supplying tens of thousands of products each year to the domestic market, while gradually participating in the global supply chain.

However, in response to the demands of industrialization and modernization, especially the development of smart cities, the Vietnamese elevator industry needs to have a stronger approach to advanced technologies: from IoT, artificial intelligence (AI), energy saving, to operational safety solutions. These are trends that large corporations in China, Korea, Japan or Europe are leading.

In the socio-economic development strategy for 2021-2030, Vietnam has prioritized infrastructure modernization, smart urban construction, and supporting industry development. The elevator industry is an important link, contributing to ensuring safety, convenience, and sustainability in urban construction.

According to Mr. Vo Hong Son, to implement this orientation, cooperation with Chinese enterprises - which possess advanced technology in smart elevators, energy-saving systems, and safe control solutions - will bring double benefits. Specifically, Vietnamese enterprises access modern technology and improve production capacity. At the same time, Chinese enterprises expand their markets and build sustainable supply chains in Vietnam. This is a complement to each other, creating a combined strength for both sides to develop together.

“ With the participation of managers, industry associations, and a large number of Vietnamese and Chinese enterprises, the conference will not only stop at meetings, but also open up specific cooperation contracts, sustainable links, contributing to improving competitiveness and affirming the position of the Vietnamese elevator industry in the regional and international markets ,” Mr. Vo Hong Son emphasized.

At the conference, representatives of elevator businesses from the two countries reached an agreement on specific connections and cooperation in the coming time, opening up opportunities to improve the competitiveness and position of the elevator industry in the regional and world markets.

3 expectations from China

Mr. Wang Deyang - Deputy Director of the Foreign Trade Development Department, Ministry of Commerce of China affirmed that the China - Vietnam Elevator Industry Business Connection Conference is an important part of this year's exhibition, acting as a practical bridge for elevator businesses of the two countries to work towards mutually beneficial cooperation.

The Chinese side hopes that businesses from both countries will make the most of this platform to introduce products and technologies, connect market resources and seek cooperation partners. At the conference, Mr. Yang Jie also raised three expectations:

Firstly, the two sides continue to promote complementary advantages in market scale and industrial system of the elevator industry, deepen cooperation in traditional fields such as research and development of core components, complete elevator manufacturing, after-sales service - maintenance and operation, thereby building a stable and effective industry cooperation ecosystem.

Second , the elevator industry will continue to move towards smart and green development, strengthen cooperation in smart elevator research, apply green elevator technology, as well as promote digital transformation of the industry, so that the production and supply chain develops towards higher quality.

Third , participating enterprises seize the opportunity to connect the “Belt and Road” initiative and the “Two Corridors, One Belt” framework, promote their own strengths, bring more high-quality elevator products, innovative solutions and professional service resources into practical cooperation, so that the results of Sino-Vietnamese elevator industry cooperation can better serve the people's lives and economic development of the two countries.

Bringing technology into smart elevator production

Representing the Chinese enterprises, Mr. Duong Khiet, Technical Director, Head of Research & Development Department (Guangzhou - Guangyao Elevator Industry Company) said that it is an important company of Guangzhou Industrial Investment Group - a company that is among the top 500 enterprises in the world.

The company has been honored with "Global Top 10 Elevator Manufacturers", "International Quality Diamond Award", "China Top 10 Elevator Manufacturers" and many other awards for three consecutive years.

Mr. Duong Khiet affirmed that Vietnam is in a period of rapid urban development of high-rise buildings, public transport, commercial complexes and housing projects.

“With more than 60 years of experience in the elevator manufacturing industry, Quang Nhat will rely on domestic advanced intelligent manufacturing technology and high-quality intelligent elevator products, adhering to the innovative design direction of “digital, green, reliable”, to supply the Vietnamese market. The company's elevators, parking solutions and intelligent buildings will meet the needs of high-end hotels, urban complexes, office buildings, hospitals, railway transportation and other fields,” said Mr. Duong Khiet.

At the same time, the company will actively establish strategic cooperation with local enterprises involved in the construction of large-scale infrastructure such as social housing, metro airports, and use innovative technology and services to support Vietnam's urban development.

In 2024, Vietnam will maintain its position as the largest trading partner in ASEAN and China's fourth largest trading partner by country criteria. In addition, bilateral trade turnover between Vietnam and China will reach 205.2 billion USD (up 19.3%).

In the first 3 months of 2025, bilateral trade turnover reached 51.25 billion USD (up 17.46% over the same period). In particular, the mechanical - electrical - electronic sector, including elevator equipment, is accounting for an increasing proportion, making an important contribution to infrastructure development and the construction of modern and safe urban areas.

Source: https://daibieunhandan.vn/day-manh-ket-noi-hop-tac-sau-rong-giua-cac-doanh-nghiep-thang-may-viet-nam-trung-quoc-10388854.html