THANG MÁY VIỆT TIẾN

What THANG MÁY VIỆT TIẾN does

Thang máy Việt Tiến is a private Vietnamese elevator company headquartered in District 8, Ho Chi Minh City, founded in 2009. It distributes, installs, and services elevator and escalator systems for residential, commercial, hospitality, industrial, healthcare, and educational customers, with a primary focus on multi-story private homes and apartments in HCMC and surrounding industrial zones. The company's product portfolio spans home elevators (200–450 kg), passenger elevators (450–1,500 kg), machine-room-less (MRL) gearless traction lifts, no-PIT retrofit models, freight and vehicle elevators, hospital and food-service elevators, glass observation lifts, and escalators.

The firm operates on a joint-venture ("liên doanh") model: it imports core drive and control components — including traction machines, control cabinets, cables, and sensors — from international brands such as Fuji (Japan/Korea), Mitsubishi Electric (Thailand), Hyundai Elevator (Korea), and Montanari (Italy), while designing and manufacturing elevator cabins and steel shaft frameworks domestically. Select premium projects source fully imported elevators from ThyssenKrupp or Schindler. Differentiated offerings include custom cabin interiors, compact no-PIT and MRL configurations for space-constrained retrofits, and IoT-enabled smart mirrors with face-recognition access control. Equipment meets EN81, TCVN6395, and TCVN6396 standards.

The business model combines one-time equipment sales (starting at ~300M VND for a 450 kg, 4-stop residential package) with recurring maintenance contracts (12–24 month warranty plus extended programs), modernization/upgrading services, and spare-parts supply. Go-to-market is consultative and project-based: direct sales via the company website (sieuthithangmay.com), hotline, and on-site technical surveys. CEO Vo Cong Tam leads the company. The customer base spans homeowners, hotels, apartment developers, factory owners, hospitals, and schools, with no disclosed anchor accounts or recurring enterprise SaaS-like contracts.

Name

THANG MÁY VIỆT TIẾN

Legal name

CÔNG TY THANG MÁY VIỆT TIẾN

Website

https://sieuthithangmay.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

51–100 employees

Short description

Thang máy Việt Tiến is a Ho Chi Minh City-based elevator company that distributes, installs, and services imported-brand elevator systems and escalators for residential, commercial, industrial, healthcare, and educational customers across Vietnam, operating on a joint-venture model of imported components and domestically manufactured cabins.

Ownership category

akta.pro rank

Product category

Elevator Systems & Vertical Transportation Equipment

NAICS

Elevator and Moving Stairway Manufacturing (333921)

SIC

Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Traction/Machine-Room-Less (MRL) Elevator Service & Maintenance (BPABAIAL)

Keywords

• Elevator manufacturing
• Passenger elevator installation
• Freight elevator systems
• Home elevator solutions
• Elevator maintenance services

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Elevator Equipment Sales: Sale of elevator systems including passenger, cargo, hospital, observation, vehicle, and food-elevators. The company imports key components from international partners (Fuji, Mitsubishi, Hyundai, Montanari) and manufactures cabin structures and steel shaft frameworks domestically. Equipment is sold as complete systems or components.
2. Installation & Commissioning Services: Full installation, commissioning, and handover services including site preparation, mechanical and electrical installation, and safety inspection coordination with independent elevator inspection centers in Ho Chi Minh City.
3. Maintenance & Repair Services: Recurring maintenance contracts (periodic inspection, cleaning, and preventive maintenance) and repair services for elevators post-installation. Warranty period of 12–24 months, with extended maintenance programs available after warranty expires.
4. Modernization & Upgrading: Modernization and upgrading services including replacement of cables, control system upgrades, traction machine replacements, and interior refurbishments to extend elevator lifespan and improve performance.
5. Spare Parts & Components: Supply of spare parts and accessories for elevator maintenance and repair, using genuine branded components.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Thang máy Việt Tiến is a Ho Chi Minh City-based elevator company that designs, distributes, and installs a full portfolio of elevator systems (home, passenger, MRL, freight, hospital, observation, vehicle, and food-service elevators, plus escalators). The company imports key drive components from international brands such as Fuji, Mitsubishi, Hyundai, Montanari, and Hitachi, and manufactures cabin structures and steel shaft frameworks domestically in Vietnam. It also provides full-lifecycle services including installation, maintenance contracts, repair, and modernization.

Product overview

Thang máy Việt Tiến is a Vietnamese elevator company offering a comprehensive portfolio of elevator systems and related services. The core product lineup includes home/family elevators (200–450kg), passenger elevators (450–1500kg), machine-room-less elevators, freight elevators, glass observation elevators, hospital elevators, vehicle elevators, food service elevators, and escalators. These are complemented by service offerings including maintenance, repair, and modernization programs. The company operates on a joint-venture model, importing key components (traction machines, control panels, cables) from international brands such as FUJI, Mitsubishi Thailand, Hyundai Korea, and Montanari Italy, while manufacturing cabin structures domestically in Vietnam. Premium add-on features include IoT-enabled smart mirrors with face recognition access control.

Differentiator

Problem solved

Functional benefit

Products and services

• Thang máy gia đình (Home/Family Elevator) Compact passenger elevator designed for private residences (townhouses, villas) with capacity from 200kg to 450kg, suitable for 2–7 persons. Features gearless traction machine with energy-efficient control system, available in machine-room-less configuration. Targets individual homeowners seeking convenience and aging-in-place solutions.
• Thang máy tải khách (Passenger Elevator) Standard passenger elevator for commercial buildings, apartments, and hotels with capacity from 450kg to 1500kg. Available with or without machine room, with speeds ranging from 1m/s to 2.5m/s. Targets hotels, offices, and apartment developers.
• Thang máy không phòng máy (Machine Room-Less / MRL Elevator) Gearless traction elevator with integrated machine in the hoistway, eliminating the need for a separate machine room. Features compact design with minimal pit depth (550mm for small models), suitable for space-constrained installations including residential glass elevators.
• Thang máy tải hàng (Freight/Goods Elevator)

Quantifiable outcome

• Thang máy tải khách 450 kg 5 Stop operates at approximately 500,000 VND/month in electricity costs
• +2 more outcomes

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core.

• FUJI (Japan/Korea)coreTechnology or IntegrationFuji is a key equipment supplier for the company's joint-venture elevator products. Imported components include Fuji traction machines, control systems, and related elevator equipment used in passenger, residential, and cargo elevators. The company designs and manufactures cabin structures locally while using Fuji drive technology.
• Mitsubishi Electric (Thailand)coreTechnology or IntegrationMitsubishi Electric Thailand supplies traction machines and elevator components for the company's product range. The company distributes and installs Mitsubishi-based elevator systems in Vietnam, incorporating them into complete solutions for commercial and residential buildings.
• Hyundai Elevator (Korea)coreTechnology or IntegrationHyundai Elevator Korea supplies elevator equipment and technology to the company. Components are integrated into complete elevator solutions, with emphasis on the company's product portfolio for residential and commercial applications.
• Montanari (Italy)coreTechnology or IntegrationMontanari Italy supplies premium elevator components and drive systems for the company's high-end elevator products, ensuring compliance with European safety standards EN81 and enhancing the company's premium product offerings.

Scale indicators2 records

Expansion highlights5 records

Direct peers

• KONE: Global elevator OEM with strong presence in Asia-Pacific. Directly comparable offering MRL gearless traction elevators, predictive maintenance and modernization services for residential, commercial and industrial buildings.
• Hyundai Elevator: Korean elevator OEM that is both a supplier and competitor to Viet Tien. Directly comparable across MRL, passenger, freight and high-rise elevator categories with global service-network support.
• Hitachi: Japanese elevator OEM referenced as a partner and competing in Vietnam's high-speed commercial passenger and hotel elevator segments — directly comparable product and service portfolio.
• TK Elevator (ThyssenKrupp): Global elevator OEM referenced in Viet Tien's supplier ecosystem; directly comparable as it sells, installs and services passenger/freight/hospital elevators and escalators across the Vietnamese market.
• Mitsubishi Electric (Elevator Business): Major Japanese elevator OEM supplying traction machines to Viet Tien while also competing directly in Vietnam with passenger, freight and high-speed elevator systems and full after-sales service.
• Schindler Group: Global elevator and escalator OEM with direct Vietnam operations. Directly comparable: sells, installs and services MRL, passenger, freight and hospital elevators across the same target segments as Viet Tien, including home/hospitality verticals.
• Otis Worldwide: World's largest elevator OEM with established Vietnam presence. Directly comparable across the full portfolio (passenger, freight, hospital, escalator) including modernization and maintenance services — the same mix Viet Tien competes in.

Emerging players

• Stiltz Lifts: UK-based specialist in residential/home elevators with no-PIT and through-floor designs. Highly comparable niche focus to Viet Tien's 'Thang máy gia đình' line targeting multi-story homeowners and accessibility demand.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/thangmayvte
• Facebookfacebook.com/thangmayviettien.vn

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about THANG MÁY VIỆT TIẾN