Vietnam's construction equipment market is flourishing as key players like Caterpillar, Komatsu, and Volvo CE lead the industry with diverse equipment offerings. The government's allocation of USD 27 billion for public investment in 2024, with a focus on transportation infrastructure, is fueling demand for construction equipment. Projects like the Ho Chi Minh City-Moc Bai expressway and the Southern Expressway Link are significant developments enhancing connectivity. The market highlights the dominance of earthmoving equipment, particularly excavators, driven by investments in housing, ports, and public infrastructure. The market's growth is attributed to Vietnam's economic expansion, increased industrial investments, and a surge in construction projects. Notably, Chinese manufacturers like SANY and Liugong are making strides in the market. Vietnam is strategically transitioning to electric construction equipment to align with sustainability goals. The National Hydrogen Development Strategy aims to boost demand for green fuel-integrated equipment, while the country's electric construction equipment adoption is supported by government policies and the focus on reducing environmental impact. Furthermore, Vietnam's transport infrastructure master plan and growing investment in the renewable energy sector are propelling the construction equipment market. The extensive plan includes expressways, high-speed rail lines, ports, and airports, expected to bolster demand for earthmoving and road construction equipment. The decree on direct power purchase agreements signifies a significant step for the renewable energy sector, fostering the development of solar and wind farms.