When the elevator market is a 'red ocean'

TCTM - Over the past decade, alongside rapid urbanization and the construction industry boom, the elevator market in Vietnam has undergone significant changes. From apartment buildings, hotels, and shopping centers to townhouses and factories, elevators have gradually become a familiar part of the infrastructure—not only in large buildings but also in smaller-scale civil constructions.

For the first time, the National Elevator Exhibition Area will be organized at Vietnam Elevator Expo 2026

TCTM - For the first time at Vietnam Elevator Expo 2026, the National Elevator & Auxiliary Industries Showcase (VNEA Pavilion) will be established as the official representative space for Vietnamese elevator enterprises. It affirms comprehensive supply capabilities—from manufacturing, installation, and maintenance to auxiliary industries—within an exhibition framework of international stature.

The Vietnam Elevator Expo 2026 will be held in Hanoi for the first time

EM – After four successful editions in Ho Chi Minh City, in 2026, the Vietnam Elevator Expo International Exhibition will be held in Hanoi for the first time, marking a new development in the scale, scope of connections, and influence of Vietnam's most prestigious specialized elevator event.

Toshiba considers divesting its elevator segment, Kone shows interest

TCTM - Toshiba Group is considering the possibility of divesting part or all of its stake in Toshiba Elevator & Building Systems, in a context where Kone is seen as one of the potential buyers.

Hitachi transfers its stake in the home elevator joint venture to Mitsubishi Electric

TCTM – Hitachi Group has officially announced its decision to transfer all of its shares in Mitsubishi Hitachi Home Elevator Corporation to its joint venture partner, Mitsubishi Electric Building Solutions Corporation. The transaction is expected to be completed in the first quarter of the fiscal year ending March 2027.

Counterfeit goods 'creeps' intothe market, 'steals' market share of genuine elevator businesses

Lesson 2: Real estate project 'drip', how is the future of the elevator industry in the near future?

Lesson 1: Real estate sinks in 'big storm', the elevator industry has reached the 'falling point'?

EM - The negative impacts from the construction and real estate market recently have recently caused pushed many elevator businesses to undergo into a "staggering" situation, but the current time is not really yet a "falling point" for growth of the elevator industry – but the its most difficult time.

APARTMENT ELEVATOR SAFETY: NOT ANYONE ‘S OWN WORRY- Part 3: Confusion from the managing board.

Thousands of households in resettlement areas of Hoang Mai district, whether they like it or not, still must use elevators that are not qualified to operate. That means danger is hidden on every trip. Managers and firms are not irresponsible, but in the end, who should be responsible?

Ziehl-Abegg traction machine blatantly faked

On January 10, 2022, Vietnam Elevator Association (Association) and Elevator Magazine received feedback from customers and from Doza Technology Co., Ltd (Doza), headquartered in Hai Phong, information about an item of elevator equipment being counterfeited. Immediately after receiving the feedback, the Association and the Magazine clarified.

APARTMENT ELEVATOR SAFETY: NOT ANYONE’OWN WORRY – Latest Information: Opinion from Department of Occupational Safety, Ministry of Labor, War Invalids and Social Affairs

On December 31, 2021, the Department of Occupational Safety, Ministry of Labor, War Invalids and Social Affairs issued Official Letter No. 639/ATLD-PCTTr to the Hanoi People's Committee, responding to Official Letter No. 0112/VNEA dated December 1, 2021 of Vietnam Elevator Association on elevator safety at Den Lu Resettlement Area. In particular, the Vietnam Elevator Association has reflected that many elevators of the Den Lu Resettlement Area do not meet technical requirements, but people are still using them every day, endangering their lives and health.