Vietnam Warehousing Market to Grow at a CAGR of 11% During 2024-2032, Driven by the Rapid Growth of the E-Commerce Sector in Vietnam

The full spectrum of order processing and logistical services offered by a third-party business to store, handle, and distribute goods on behalf of another company is referred to as warehousing. Storage, inventory control, picking and packing, shipping, handling returns, and customer support are common warehousing services.

The surge sales of products from e-commerce channels like Amazon (NASDAQ: AMZN) favoured the Vietnam warehousing market growth in recent years. Modern warehouses in strategic economic zones have been built due to significant investments made by large logistics corporations.

Vietnam boasted 850,000 square metres of warehouse space in 2023; this amount has since grown, allowing enterprises to efficiently store and handle inventories. Vietnamese fulfilment companies with years of experience provide cutting-edge software, state-of-the-art warehousing facilities, and comprehensive fulfilment solutions designed for international companies. The expansion of production facilities further contributes to the market growth.

Increasing attempts by key players to provide superior logistics services to clients are favouring the market. For instance, in September 2023, French contract logistics operator FM Logistic strengthened its omnichannel fulfilment capabilities with the establishment of its multi-client facility in Binh Duong, Vietnam. Constructed by NG Concept, FM Logistic's sister company in real estate, the warehouse offers state-of-the-art handling, warehousing, co-packing, distribution, and e-commerce services, which is situated 43 km from the city centre of Ho Chi Minh City.

The multi-client facility is designed to accommodate several clients at once and adjust its resources and space based on changes in demand. The facility enables FM Logistic clients to grow inside the same space while scaling their operations, due to its three phases of construction.

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Market Analysis by Type, Ownership, End Use, and Region:

• The market, on the basis of type, can be divided into general warehousing and cold storage warehousing, among others.

• Based on ownership, the market can be divided into bonded warehouses and non-bonded warehouses, among others.

• On the basis of end use, the market can be divided into consumer goods, textile and footwear, retail, food and beverage, wooden products, healthcare, and chemicals, among others.

• The regional markets for warehousing in Vietnam include Southern and Northern Vietnam, among others.

Key Findings of the Report:

• The abundant benefits provided by the Vietnamese warehouse providers, such as the reduction of logistics costs by 50–70%, elimination of the need for upfront capital investment in warehouse infrastructure and inventory systems, and improved cash flows aid the market.

• Innovations in tracking technologies and other advanced systems, including order management systems, warehouse management systems, inventory optimisation, and digital tracking, contribute to the Vietnam warehousing market expansion.

• The rapid growth of e-commerce and climate-controlled warehouses in Vietnam is directly contributing to foreign direct investments and expanding warehousing market demand.

• The increasing investments by the Vietnamese government in the expansion and modernisation of transportation infrastructure, including ports, railroads, and roadways, are likely to lower the cost of logistical services while increasing efficiency, hence aiding the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the Vietnam warehousing market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the types, ownerships, end uses, and major regions of warehousing in Vietnam.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the Vietnam warehousing market are Sumitomo Warehouse (Vietnam) Co., Ltd., Fnm Shipping Vietnam, Yusen Logistics Co., Ltd., and Vinatech Group, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.