Latest news with #InfrastructureInvestment
Yahoo
3 days ago
- Business
- Yahoo
The Linux Foundation Marks 2025 Momentum of LF India with Expanding Ecosystem, Engaged Communities and AI-Fueled Innovation
LF India Welcomes New Foundations and Announces Enhanced Infrastructure Investment at Inaugural Open Source Summit India Event HYDERABAD, India, Aug. 4, 2025 /PRNewswire/ -- Open Source Summit India --One year after its inaugural launch at KubeCon + CloudNativeCon India, LF India celebrates its first year of open source investment, engagement, and momentum across the Indian technology ecosystem. Joined by new foundations including AgStack, LF AI & Data, FinOps Foundation, FINOS, O3DE, and OpenInfra Foundation, LF India is now home to over a dozen active sub-foundations supporting vertical industries and horizontal technologies in the region - from cloud and security to blockchain, AI, and manufacturing. LF India has played a critical role in supporting India's Digital Public Infrastructure (DPI) mission, which is built on the principle of open, accessible, and interoperable systems. Supported by the first five foundations to join - CNCF, LF Decentralized Trust, LF Edge, LF Networking, and OpenSSF - LF India has helped to accelerate shared development across telecommunications, finance, blockchain, energy, cloud, and cybersecurity verticals. Today, this focus is expanding with new foundations into LF India, signalling momentum across global economic drivers including artificial intelligence, agriculture, and manufacturing. "With a wealth of developer talent, investment in open source at the highest level of government and benefits of major economic impact, India is well positioned to be a leader in open source innovation," said Arpit Joshipura, Head of LF India. "LF India exists to further this mission through strategic membership growth, upstream contributions and community activation." Since its launch in December 2024, LF India has: Welcomed six new sub-foundations in 2025, including AgStack, LF AI & Data, FinOps Foundation, FINOS, O3DE, and OpenInfra Foundation. Promoted and supported developer days and events, including webinars, meetups, and India's first OpenSSF Community Day. Enabled new India-led open source contributions across decentralized identity, secure finance, and digital trust through LF Decentralized Trust. Supported rapid regional growth in Kubernetes and cloud-native adoption, reflected by 362 in-person meetups,188 virtual events, and 45 active CNCF chapters. Innovated in the Telecommunication space with 5G and AI through IOS-MCN project as well as the LFN platinum Member Infosys contribution of cutting edge AI projects - Essedum and Salus to the Linux Foundation. Participated in the publication of LF Decentralized Trust – India 2025 ebook and Webinar highlighting LF Decentralized Trust's local members and India Regional Chapter: India's leadership in decentralized technologies: Innovation, collaboration and real-world impact Expanded education access with targeted training and sandbox labs designed to upskill India's fast-growing developer community. From Consumption to Contribution: A Call to Action India now hosts over 17 million open source developers on GitHub, representing a 28% increase—the fastest globally. But while consumption of open source in India is booming, strategic influence and contribution remain uneven. Through investment in training and local events, and supporting India-specific priorities through upstream collaboration, LF India is bridging the gap between participation and leadership. "To help move India forward as a global leader in open source, we are investing in the full spectrum of open source innovation and expanding from our foundational work in digital public infrastructure to new frontiers like AI, agriculture, and manufacturing," continued Joshipura. "Over the next year, LF India will expand deeper into vertical industries and critical infrastructure to grow India's role as a global contributor and strategic influencer." To learn more about LF India, visit Supporting Quotes AgStack"With over 17% of its GDP from Agriculture, India's food production and supply-chains are a critical national asset. AgStack Foundation @ LF India can provide the open source digital infrastructure for the next wave of efficiency, resilience and innovation in Indian Agriculture - across asset management / finance, automation, equipment/IoT, inputs, trading and production/agronomy - making it a model for all developing nations in the world" - Sumer S Johal, Executive Director, AgStack FinOps"India is one of the most strategically important regions for the global FinOps community: which focuses on maximizing the business value of cloud, AI and related technologies," said J.R. Storment, Executive Director of FinOps Foundation. As part of our deepening commitment, we're thrilled to welcome Ishita Vyas, India Community Lead, to support regional efforts and champion growth. With upcoming events and training programs tailored for India, we're excited to engage this vibrant ecosystem and accelerate FinOps adoption where it's already thriving." FINOS"India's financial services sector is undergoing rapid digital transformation, creating unprecedented opportunities for open source collaboration in fintech," said Gabriele Columbro, Executive Director of FINOS. "The regulatory focus on digital payments infrastructure and open banking creates natural alignment with FINOS's mission to accelerate adoption of open source standards in financial services. We're particularly excited to work with India's fintech ecosystem to advance common standards around data sharing, compliance automation, and risk management—areas where open source collaboration can drive both innovation and regulatory certainty." LF AI & Data"India's vibrant AI and data ecosystem is fueling innovation at a global scale," said Mark Collier, general manager, AI & Infrastructure, at the Linux Foundation. "By joining LF India, LF AI & Data is deepening our commitment to regional collaboration and enabling developers, researchers, and organizations across India to actively shape the future of open source AI. We're excited to support local innovation while strengthening global impact." O3DE"In the last several years, there has been a huge growth of game developers, simulation engineers and visualization experts in India," said Joe Bryant, Executive Director of Open 3D Foundation. "Since launching in 2021, O3DE has seen an increase of interest from firms, educational institutions and film studios in this market. In fact, we are excited to welcome the Indian Institute of Technology Madras, which joined Open 3D Foundation as a member last month. We look forward to collaborating with them and LF India to continue expanding global contributions, adoption of O3DE and help us to better serve the needs of this community." OpenInfra Foundation"Over the past 15 years, the OpenInfra India community has been instrumental in making OpenStack the de facto open source cloud software through regional events, board representation and upstream contributions. From the local community's consistent ranking as a top five OpenStack contributor to increased adoption due to the evolving infrastructure requirements for 5G and 6G networks, digital sovereignty initiatives and AI, we anticipate significant open source growth from this region," said Jonathan Bryce, executive director of the OpenInfra Foundation. "We are excited to join other open source leaders to accelerate contribution, adoption and overall market momentum to fully realize the open source potential in India." About The Linux FoundationThe Linux Foundation is the world's leading home for collaboration on open source software, hardware, standards, and data. Linux Foundation projects are critical to the world's infrastructure including Linux, Kubernetes, ONAP, OpenChain, OpenSSF, OpenStack, PyTorch, RISC-V, SPDX, Zephyr, and more. The Linux Foundation is focused on leveraging best practices and addressing the needs of contributors, users, and solution providers to create sustainable models for open collaboration. For more information, please visit us at The Linux Foundation has registered trademarks and uses trademarks. For a list of trademarks of The Linux Foundation, please see its trademark usage page: Linux is a registered trademark of Linus Torvalds. Media Contact:Natasha WoodsThe Linux Foundationpr@ View original content to download multimedia: SOURCE LF India
Yahoo
29-07-2025
- Business
- Yahoo
Vietnam's Construction Equipment Market to Double by 2030 - Vietnam Construction Equipment Market Strategic Assessment & Forecast Report 2025-2030
Vietnam's Construction Equipment Market, with a 2024 size of 2,575 units, is projected to grow at a CAGR of 11.25% to 4,881 units by 2030. Tariffs moderately impact the market, particularly from U.S. imports. Earthmoving equipment, notably excavators, leads the market driven by infrastructure investments. Chinese brands, especially SANY, hold significant presence. The market is shifting towards sustainable options, influenced by eco-friendly initiatives. A $25 billion government infrastructure investment will spur growth. Labor shortages and rising material costs pose challenges. Key players include Caterpillar, Komatsu, and Hitachi. Vietnamese Construction Equipment Market Dublin, July 29, 2025 (GLOBE NEWSWIRE) -- The "Vietnam Construction Equipment Market - Strategic Assessment & Forecast 2025-2030" report has been added to Vietnamese Construction Equipment Market was sized at 2575 Units in 2024, and is projected to reach 4,881 Units by 2030, rising at a CAGR of 11.25%. KEY HIGHLIGHTS Earthmoving equipment accounted for the largest market share in the Vietnam construction equipment market in 2024. Excavators in the earthmoving segment accounted for the largest share in 2024. The country's investment in renovating its public infrastructure drives the growth of the country's earthmoving market. The sales of construction equipment are expected to grow at a steady pace in 2024 due to growing investment in public infrastructure, including the transport sector. In 2024, the weakening of Vietnam's local currency, the Dong, was expected to further impact the sales of heavy equipment, including crawler excavators, in the Vietnamese industry. The depreciation of the Vietnamese currency will impact the cost of excavators, as Vietnam majorly depends on imports. In 2024, the country's government planned to invest over USD 25 billion in public infrastructure projects. Chinese manufacturers have a strong market presence in the Vietnam construction equipment market. In 2024, SANY held the strongest industry share among Chinese players in Vietnam. Liugong has established its third subsidiary in Southeast Asia, with the official opening of Liugong Vietnam Company in Hanoi. The government allows the duty-free import of crawler excavators. The country relies on imports of construction machinery, including excavators from China, the U.S., Japan, and Korea. In 2023, Vietnam and Singapore signed an MoU (Memorandum of Understanding) to work together on eco-friendly and digital economic initiatives. This agreement will support the launch of new infrastructure projects aimed at achieving net-zero emissions. VIETNAM CONSTRUCTION EQUIPMENT MARKET TRENDS & DRIVERS Rising Focus on Compact and Electric Construction Equipment in the Vietnam Construction Equipment Market The Vietnamese construction industry is shifting toward sustainable and electrified solutions. The industry is transforming to use electric construction equipment instead of traditional Internal combustion engine (ICE). The electric construction equipment market is driven by several factors, such as favorable government initiatives and a growing demand for eco-friendly construction projects. However, an important challenge is the high price of electric construction machinery, including electric crawler excavators. To align with the global net-zero emission target, construction equipment manufacturers are focusing on capitalizing on the lithium-ion battery technology in electric excavators and other electric-powered equipment to reduce their carbon footprint. Introduction of Dual Excavators in the Vietnam Construction Equipment Market Due to Their Flexible Uses XCMG, a Chinese multinational company, introduces dual-use diggers and ordinary peach shovels in excavators. It has the advantage of being able to work for multiple purposes at a time, such as a chain hoe and wheel hoe, by switching between the chain and the tires. This equipment is widely used in the construction and manufacturing industries in the country. In 2023, XCMG launched dual excavators that were extremely flexible, cost-efficient, and easy to transport. Chinese companies have recently gained a good industry share due to their innovative products, low prices, and excellent after-sales services. The introduction of dual excavators supports the growth of Chinese companies in the Vietnamese industry. Rise in Infrastructure Investment Projects In 2024, the Vietnam government planned to invest over USD 25 billion in various public infrastructure projects globally. Nearly 65% of the total investment was allocated to the transport sector, which will promote smooth transit and create new development space for localities and regions across the country. The government relies on three investment channels, such as domestic, foreign, and private, for its infrastructure projects. A large amount of the investment is planned for the transport sector, as investment in the transport industry will reduce business logistics costs and increase the competitiveness of businesses and the economy. The Vietnamese government planned 34 major infrastructure projects across 46 provinces in 2024. In addition, the government also planned five railway projects, two airports, and several road, highway, and ring road construction projects in the Hanoi Capital region, Ho Chi Minh City, etc. Such projects are projected to support the growth of the Vietnam construction equipment market. Growing Investment in Renewable Energy Sector The country will face a surge in power demand and consumption over the coming decade, according to the Institute of Energy of Vietnam (IEV). The government expects power consumption to grow 10%-12% annually by 2030. Therefore, the government increases its focus on renewable energy resources to fulfill the growing power demand. The country has high potential to generate solar energy, according to the World Bank. In 2023, the country generated 17,000 MW of solar energy, which was expected to grow in 2024 due to various government initiatives providing tax benefits and subsidies for installing solar power generation units. INDUSTRY RESTRAINTS Shortage of Skilled Labor in Vietnam Ho Chi Minh City is experiencing a significant shortage of skilled labor. This shortage is impacting various industries, making it challenging for businesses to recover production and expand their markets. Despite efforts to recruit workers, many companies are struggling to find enough qualified employees. FDI companies in Nghe An, a province in central Vietnam, are struggling to find highly skilled workers as new factories become operational. The province has a significant labor force, yet many workers are migrating to places with better opportunities. High labor turnover, partly due to low wages and inadequate infrastructure, exacerbates the issue. To address this shortage, companies need to improve the working conditions and offer competitive benefits. The demand for skilled labor is expected to surge further by 2025. Increase in Building Material Prices Hampering the Vietnam Construction Equipment Market In 2024, there was a surge in iron and steel prices in the Vietnamese market. The prices of building materials, including iron and steel, increased by 30%-40% in 2024, which pushed up the overall price of real estate projects in the country. In 2024, other construction materials, such as asphalt, saw a price increase of 9%-10%, while the cement price increased by 3%-5% in the Vietnamese market. The increase in building material prices has made real estate prices higher, which adversely impacts the demand among low-income populations. The sharp increase in prices of building materials is due to a mismatch between demand and supply. In 2024, the demand for building materials increased exponentially due to rising government investment in infrastructure and housing projects across the country. VIETNAM CONSTRUCTION EQUIPMENT MARKET VENDOR LANDSCAPE Komatsu, Volvo CE, Hitachi Construction Machinery, SANY, and Caterpillar are the front runners in the Vietnam construction equipment market. These companies have strong market share and offer diverse sets of equipment in the Vietnamese industry. Yanmar, Kubota, Manitou, Liu Gong, Takeuchi, and JLG are niche players in the Vietnam construction equipment market. These companies offer low product diversification and have a strong presence in the country's market. JCB, Kobelco, Sumitomo, HD Hyundai Construction Equipment, CNH Industrial N.V., Tadano, and Zoomlion are emerging in the Vietnam construction equipment market. These companies are introducing new technologically advanced products to challenge the share of market leaders in the country's market. Kato Works, Airman, Terex, and Shantui have low product diversification in the Vietnam construction equipment market; these companies are lagging in adopting new technologies used in construction equipment. Prominent Vendors Caterpillar Komatsu Volvo Construction Equipment Hitachi Construction Machinery (HCM) Liebherr SANY Xuzhou Construction Machinery Group Co., Ltd. (XCMG) JCB Kobelco Zoomlion Heavy Industry Science & Technology Co., Ltd. Hyundai Construction Equipment Other Prominent Vendors JLG CNH Industrial N.V. Yanmar Liugong Machinery Co., Ltd. Shantui Construction Machinery Co., Ltd Takeuchi SDLG Manitou Sumitomo Construction Machinery Co. Ltd. Kato Works Co. Ltd. Terex Corporation Tadano Bobcat AIRMAN Distributor Profiles Tin Quang Equipment JSC VITRAC Marubeni Heavy Equipment Co., Ltd. JCT Vietnam Multico Equipment Vietnam Co., Ltd UMAC Vietnam Key Attributes: Report Attribute Details No. of Pages 150 Forecast Period 2024 - 2030 Estimated Market Value in 2024 2575 Units Forecasted Market Value by 2030 4881 Units Compound Annual Growth Rate 11.2% Regions Covered Vietnam Key Topics Covered: 1. Research Methodology2. Research Objectives3. Research Process4. Introduction4.1 Market Coverage4.2 Report Scope5. Market at a Glance5.1 Market Overview5.2 Market Snapshot6 Executive Summary7 Market Landscape7.1 PESTEL Analysis7.2 Economic Scenario7.3 Market Dynamics7.4 Geographic Analysis7.5 Import & Export Trend Analysis7.8 Supply Chain Analysis8 Segmentation8.1 By Type8.1.1 Earthmoving Equipment (Volume & Value)8.1.1.2 Excavators8.1.1.3 Backhoe Loaders8.1.1.4 Wheeled Loaders8.1.1.5 Other Earthmoving Equipment (Skid-Steer Loaders, Track Loaders, Bulldozers & Trenchers)8.1.2 Road Construction (Volume & Value)8.1.2.1 Road Rollers8.1.2.2 Asphalt Pavers8.1.3 Material Handling (Volume & Value)8.1.3.1 Cranes8.1.3.2 Forklifts & Telescopic Handlers8.1.3.3 Aerial Platforms8.1.4 Other Equipment (Volume & Value)8.1.4.1 Dump Trucks8.1.4.2 Concrete Mixers8.1.4.3 Concrete Pump Trucks8.2 By End-user8.2.1 Construction8.2.2 Manufacturing8.2.3 Mining8.2.4 Other End-users (Waste Management, Agriculture, Oil & Gas Extraction, Power Generation, Disaster & Water Management)9 Technology Development10 Competitive Landscape10.1 Competitive Landscape Overview10.2 Prominent Vendors10.3 Other Prominent Vendors10.4 Distributor Profiles11 Report Summary11.1 Key Insights11.2 Abbreviations11.3 Exhibits11.5 Database11.6 Global Reach11.7 OfferingsFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Vietnamese Construction Equipment Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Yahoo
29-07-2025
- Business
- Yahoo
Vietnam's Construction Equipment Market to Double by 2030 - Vietnam Construction Equipment Market Strategic Assessment & Forecast Report 2025-2030
Vietnam's Construction Equipment Market, with a 2024 size of 2,575 units, is projected to grow at a CAGR of 11.25% to 4,881 units by 2030. Tariffs moderately impact the market, particularly from U.S. imports. Earthmoving equipment, notably excavators, leads the market driven by infrastructure investments. Chinese brands, especially SANY, hold significant presence. The market is shifting towards sustainable options, influenced by eco-friendly initiatives. A $25 billion government infrastructure investment will spur growth. Labor shortages and rising material costs pose challenges. Key players include Caterpillar, Komatsu, and Hitachi. Vietnamese Construction Equipment Market Dublin, July 29, 2025 (GLOBE NEWSWIRE) -- The "Vietnam Construction Equipment Market - Strategic Assessment & Forecast 2025-2030" report has been added to Vietnamese Construction Equipment Market was sized at 2575 Units in 2024, and is projected to reach 4,881 Units by 2030, rising at a CAGR of 11.25%. KEY HIGHLIGHTS Earthmoving equipment accounted for the largest market share in the Vietnam construction equipment market in 2024. Excavators in the earthmoving segment accounted for the largest share in 2024. The country's investment in renovating its public infrastructure drives the growth of the country's earthmoving market. The sales of construction equipment are expected to grow at a steady pace in 2024 due to growing investment in public infrastructure, including the transport sector. In 2024, the weakening of Vietnam's local currency, the Dong, was expected to further impact the sales of heavy equipment, including crawler excavators, in the Vietnamese industry. The depreciation of the Vietnamese currency will impact the cost of excavators, as Vietnam majorly depends on imports. In 2024, the country's government planned to invest over USD 25 billion in public infrastructure projects. Chinese manufacturers have a strong market presence in the Vietnam construction equipment market. In 2024, SANY held the strongest industry share among Chinese players in Vietnam. Liugong has established its third subsidiary in Southeast Asia, with the official opening of Liugong Vietnam Company in Hanoi. The government allows the duty-free import of crawler excavators. The country relies on imports of construction machinery, including excavators from China, the U.S., Japan, and Korea. In 2023, Vietnam and Singapore signed an MoU (Memorandum of Understanding) to work together on eco-friendly and digital economic initiatives. This agreement will support the launch of new infrastructure projects aimed at achieving net-zero emissions. VIETNAM CONSTRUCTION EQUIPMENT MARKET TRENDS & DRIVERS Rising Focus on Compact and Electric Construction Equipment in the Vietnam Construction Equipment Market The Vietnamese construction industry is shifting toward sustainable and electrified solutions. The industry is transforming to use electric construction equipment instead of traditional Internal combustion engine (ICE). The electric construction equipment market is driven by several factors, such as favorable government initiatives and a growing demand for eco-friendly construction projects. However, an important challenge is the high price of electric construction machinery, including electric crawler excavators. To align with the global net-zero emission target, construction equipment manufacturers are focusing on capitalizing on the lithium-ion battery technology in electric excavators and other electric-powered equipment to reduce their carbon footprint. Introduction of Dual Excavators in the Vietnam Construction Equipment Market Due to Their Flexible Uses XCMG, a Chinese multinational company, introduces dual-use diggers and ordinary peach shovels in excavators. It has the advantage of being able to work for multiple purposes at a time, such as a chain hoe and wheel hoe, by switching between the chain and the tires. This equipment is widely used in the construction and manufacturing industries in the country. In 2023, XCMG launched dual excavators that were extremely flexible, cost-efficient, and easy to transport. Chinese companies have recently gained a good industry share due to their innovative products, low prices, and excellent after-sales services. The introduction of dual excavators supports the growth of Chinese companies in the Vietnamese industry. Rise in Infrastructure Investment Projects In 2024, the Vietnam government planned to invest over USD 25 billion in various public infrastructure projects globally. Nearly 65% of the total investment was allocated to the transport sector, which will promote smooth transit and create new development space for localities and regions across the country. The government relies on three investment channels, such as domestic, foreign, and private, for its infrastructure projects. A large amount of the investment is planned for the transport sector, as investment in the transport industry will reduce business logistics costs and increase the competitiveness of businesses and the economy. The Vietnamese government planned 34 major infrastructure projects across 46 provinces in 2024. In addition, the government also planned five railway projects, two airports, and several road, highway, and ring road construction projects in the Hanoi Capital region, Ho Chi Minh City, etc. Such projects are projected to support the growth of the Vietnam construction equipment market. Growing Investment in Renewable Energy Sector The country will face a surge in power demand and consumption over the coming decade, according to the Institute of Energy of Vietnam (IEV). The government expects power consumption to grow 10%-12% annually by 2030. Therefore, the government increases its focus on renewable energy resources to fulfill the growing power demand. The country has high potential to generate solar energy, according to the World Bank. In 2023, the country generated 17,000 MW of solar energy, which was expected to grow in 2024 due to various government initiatives providing tax benefits and subsidies for installing solar power generation units. INDUSTRY RESTRAINTS Shortage of Skilled Labor in Vietnam Ho Chi Minh City is experiencing a significant shortage of skilled labor. This shortage is impacting various industries, making it challenging for businesses to recover production and expand their markets. Despite efforts to recruit workers, many companies are struggling to find enough qualified employees. FDI companies in Nghe An, a province in central Vietnam, are struggling to find highly skilled workers as new factories become operational. The province has a significant labor force, yet many workers are migrating to places with better opportunities. High labor turnover, partly due to low wages and inadequate infrastructure, exacerbates the issue. To address this shortage, companies need to improve the working conditions and offer competitive benefits. The demand for skilled labor is expected to surge further by 2025. Increase in Building Material Prices Hampering the Vietnam Construction Equipment Market In 2024, there was a surge in iron and steel prices in the Vietnamese market. The prices of building materials, including iron and steel, increased by 30%-40% in 2024, which pushed up the overall price of real estate projects in the country. In 2024, other construction materials, such as asphalt, saw a price increase of 9%-10%, while the cement price increased by 3%-5% in the Vietnamese market. The increase in building material prices has made real estate prices higher, which adversely impacts the demand among low-income populations. The sharp increase in prices of building materials is due to a mismatch between demand and supply. In 2024, the demand for building materials increased exponentially due to rising government investment in infrastructure and housing projects across the country. VIETNAM CONSTRUCTION EQUIPMENT MARKET VENDOR LANDSCAPE Komatsu, Volvo CE, Hitachi Construction Machinery, SANY, and Caterpillar are the front runners in the Vietnam construction equipment market. These companies have strong market share and offer diverse sets of equipment in the Vietnamese industry. Yanmar, Kubota, Manitou, Liu Gong, Takeuchi, and JLG are niche players in the Vietnam construction equipment market. These companies offer low product diversification and have a strong presence in the country's market. JCB, Kobelco, Sumitomo, HD Hyundai Construction Equipment, CNH Industrial N.V., Tadano, and Zoomlion are emerging in the Vietnam construction equipment market. These companies are introducing new technologically advanced products to challenge the share of market leaders in the country's market. Kato Works, Airman, Terex, and Shantui have low product diversification in the Vietnam construction equipment market; these companies are lagging in adopting new technologies used in construction equipment. Prominent Vendors Caterpillar Komatsu Volvo Construction Equipment Hitachi Construction Machinery (HCM) Liebherr SANY Xuzhou Construction Machinery Group Co., Ltd. (XCMG) JCB Kobelco Zoomlion Heavy Industry Science & Technology Co., Ltd. Hyundai Construction Equipment Other Prominent Vendors JLG CNH Industrial N.V. Yanmar Liugong Machinery Co., Ltd. Shantui Construction Machinery Co., Ltd Takeuchi SDLG Manitou Sumitomo Construction Machinery Co. Ltd. Kato Works Co. Ltd. Terex Corporation Tadano Bobcat AIRMAN Distributor Profiles Tin Quang Equipment JSC VITRAC Marubeni Heavy Equipment Co., Ltd. JCT Vietnam Multico Equipment Vietnam Co., Ltd UMAC Vietnam Key Attributes: Report Attribute Details No. of Pages 150 Forecast Period 2024 - 2030 Estimated Market Value in 2024 2575 Units Forecasted Market Value by 2030 4881 Units Compound Annual Growth Rate 11.2% Regions Covered Vietnam Key Topics Covered: 1. Research Methodology2. Research Objectives3. Research Process4. Introduction4.1 Market Coverage4.2 Report Scope5. Market at a Glance5.1 Market Overview5.2 Market Snapshot6 Executive Summary7 Market Landscape7.1 PESTEL Analysis7.2 Economic Scenario7.3 Market Dynamics7.4 Geographic Analysis7.5 Import & Export Trend Analysis7.8 Supply Chain Analysis8 Segmentation8.1 By Type8.1.1 Earthmoving Equipment (Volume & Value)8.1.1.2 Excavators8.1.1.3 Backhoe Loaders8.1.1.4 Wheeled Loaders8.1.1.5 Other Earthmoving Equipment (Skid-Steer Loaders, Track Loaders, Bulldozers & Trenchers)8.1.2 Road Construction (Volume & Value)8.1.2.1 Road Rollers8.1.2.2 Asphalt Pavers8.1.3 Material Handling (Volume & Value)8.1.3.1 Cranes8.1.3.2 Forklifts & Telescopic Handlers8.1.3.3 Aerial Platforms8.1.4 Other Equipment (Volume & Value)8.1.4.1 Dump Trucks8.1.4.2 Concrete Mixers8.1.4.3 Concrete Pump Trucks8.2 By End-user8.2.1 Construction8.2.2 Manufacturing8.2.3 Mining8.2.4 Other End-users (Waste Management, Agriculture, Oil & Gas Extraction, Power Generation, Disaster & Water Management)9 Technology Development10 Competitive Landscape10.1 Competitive Landscape Overview10.2 Prominent Vendors10.3 Other Prominent Vendors10.4 Distributor Profiles11 Report Summary11.1 Key Insights11.2 Abbreviations11.3 Exhibits11.5 Database11.6 Global Reach11.7 OfferingsFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Vietnamese Construction Equipment Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CBC
24-07-2025
- Automotive
- CBC
Improving Highway 11/17 corridor should be 'national priority': NOMA
Improving the Highway 11/17 corridor that runs though northern Ontario should be a national priority, an organization that represents regional municipalities said. The Northwestern Ontario Municipal Association (NOMA) has sent a letter to Canadian Prime Minister Mark Carney and Ontario Premier Doug Ford, calling on them to prioritize "strategic investment" in the corridor. "Important progress has been made in the Thunder Bay area, including safety improvements and highway rehabilitation," the letter states. "However, the broader western corridor — from Kenora through Thunder Bay to Nipigon and connecting eastward toward North Bay — remains underserved and disproportionately vulnerable to closures, collisions, and disruptions." "This stretch of highway is not only essential to the movement of goods and services across Canada — it is the backbone of Western Canada's gateway to Ontario and the East. It serves as a vital lifeline for Indigenous and rural communities, resource development, national defence logistics, and emergency response." Rick Dumas, president of NOMA, said that if a collision or other incident closes Highway 11/17 in northern Ontario, "there's no other alternative route." "The highway can be closed for many, many hours, sometimes 12, 15 hours for the investigation of a fatality or the accident scene that shuts down the commerce of Canada," he said. "We want to make sure the government is aware of that." Dumas said NOMA — along with the Federation of Northern Ontario Municipalities — are calling on the government to expand the highway corridor, creating what's called a 2+1 system. That essentially would see the highways widened to accommodate a centre passing lane. That lane would be accessible by traffic in an alternating fashion: for example, vehicles travelling west along the corridor in northern Ontario could access the passing lane for a few kilometres, and then it would switch direction so east-travelling vehicles could pass. A median barrier, meanwhile, would separate the traffic flows. Dumas said the system is used in other places, including Europe, and it has proven to increase safety on highways. Of course, Dumas said, NOMA supports four-laning the highway as much as possible, but "we understand that from Nipigon to Sault Ste Marie, we're never going to see the widening of our highways and four-laning unless they come up with a major rebuild of the highway corridors in Canada." Thunder Bay-Superior North MPP Lise Vaugeois said she's very happy to see NOMA's proposal. "We may not be able to get everything twinned," she said. "The portion that is twinned ... they're doing a fantastic job on it, I think." However, Vaugeois noted, there are areas in the region where it would be very expensive to four-lane the highway due to geography. "The 2+1 system ... would be a really significant improvement," she said. "These highways connect the country, they take goods across the entire country. And every time there's an accident on those highways, everything stops. Goods can't get through. Peoples' lives are lost, and that needs to change." "Making this a national priority, I think, is exactly right." Thunder Bay-Atikokan MPP Kevin Holland said via email that he's received NOMA's letter. "I will continue to work with NOMA and across ministries regarding transportation in Northwestern Ontario," he stated. "Northern Ontario continues to be a vital resource for trades and the continued improvements of these highways will ensure economic prosperity and growth for all of Ontario and Canada." The letter itself states that the Highway 11/17 corridor between Thunder Bay and Kenora is "Ontario's primary eastern connection for goods and services flowing from Western Canada. This critical stretch experiences some of the province's most challenging weather and highest freight volumes per lane. Disruptions here reverberate across national supply chains — affecting industry and commerce from coast to coast." Treating improvements to the corridor as a nation-building infrastructure project would also provide better access to natural resources, and advance equity for Indigenous communities, which "rely on Highways 11 and 17 for essential services, food security, and access to health care and education."
Emirates 24/7
14-07-2025
- Business
- Emirates 24/7
DP World to develop Syria's Tartus Port under landmark 30-year deal
DP World has signed a 30-year concession agreement with Syria's General Authority for Land and Sea Ports to develop and operate the Port of Tartus. As part of the agreement, DP World will invest $800 million over the duration of the concession to upgrade the port's infrastructure and position it as a critical regional trade hub connecting Southern Europe, the Middle East and North Africa. The agreement was signed in Damascus in the presence of His Excellency Ahmed Al-Sharaa, President of the Syrian Arab Republic, by Sultan Ahmed bin Sulayem, Chairman and Group CEO of DP World, and Qutaiba Ahmed Badawi, Chairman of General Authority for Land and Sea Ports. Following over a decade of conflict and long-standing underinvestment in trade infrastructure, the redevelopment of Tartus marks an important step in Syria's economic reintegration. Structured as a Build-Operate-Transfer (BOT) model and fully owned by DP World, the project will include new infrastructure, advanced cargo-handling equipment, and digital systems to improve efficiency across the port's container and general cargo terminals. Sultan Ahmed bin Sulayem, Chairman and Group CEO of DP World, said: 'This agreement reflects our long-term commitment to enabling global trade and creating resilient supply chains. We see strong potential in Tartus to serve as a vital trade gateway and look forward to strengthening regional connectivity and economic opportunity through this investment. We believe in the power of trade to help drive long-term stability and prosperity for Syria and the region.' Qutaiba Ahmed Badawi, Chairman of Syria's General Authority for Land and Sea Ports, said: "This agreement marks an important step forward for the Port of Tartus and Syria's maritime sector. Partnering with DP World will allow us to modernise and strengthen the efficiency of our trade infrastructure as we continue to rebuild key trade lanes, support the national economy and provide more opportunities for the Syrian people. The agreement reflects our shared vision to transform Tartus into a strategic gateway linking Syria with regional and international markets and it will pave the way for sustainable growth for years to come." Located on Syria's Mediterranean coast, Tartus is the country's second-largest port and a key maritime gateway to trade routes across Europe, the Levant and North Africa. Its strategic position enhances regional connectivity, complementing existing routes through the Bosporus and Suez. The redevelopment will enable Tartus to handle general cargo, containers, breakbulk, and roll-on/roll-off traffic, expanding Syria's trade potential as the country continues to rebuild. DP World will also explore opportunities to develop free zones, inland logistics hubs, and transit corridors in partnership with local stakeholders, supporting broader economic diversification and trade facilitation efforts. With a presence in over 75 countries and 9.2% of global container traffic flowing through its ports and terminals, DP World brings over four decades of experience in developing logistics infrastructure around the world. The Tartus project adds to its growing portfolio and complements existing operations in the Middle East.
