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Vietnam Air Freight Market Report Overview
The Vietnam air freight market size is projected to grow at a CAGR of 6.20% between 2026 and 2035. The market is being aided by the growing manufacturing activities in the country.
Key Market Trends and Insights
- International air freight destinations are expected to dominate the Vietnam Air Freight Market, driven by Vietnam's position as a major exporter of electronics, garments, and high-value consumer goods that require fast, reliable air logistics to global markets in the USA, Europe, and Japan.
- The freight service segment is expected to exhibit a CAGR of 7.1% over the forecast period, supported by rising commercial cargo volumes from electronics manufacturers relocating from China to Vietnam and increasing demand for air freight of agricultural and perishable exports.
- Commercial end use is anticipated to maintain dominant market share during the forecast period, driven by the high concentration of foreign-owned manufacturing facilities in Vietnam that rely on air freight for time-sensitive component imports and finished goods exports.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
Compound Annual Growth Rate
6.2%
2026-2035
*this image is indicative*
Key Trends and Developments
Vietnam's air freight market sits at the centre of one of the most consequential supply chain realignments of the decade. As global companies diversify away from China, Vietnam's logistics infrastructure is racing to keep up. Four trends are defining how this market develops in the near and medium term.
China-Plus-One Manufacturing Shift Driving Structural Air Freight Demand Growth
The sustained relocation of global electronics, garment, and consumer goods manufacturing from China to Vietnam has created a structural increase in air freight demand that goes well beyond cyclical trade growth. Foreign-owned factories from Samsung, Foxconn, LG, and Intel now account for the majority of Vietnam's export growth, and their supply chains depend heavily on air freight for importing precision components and exporting high-value finished goods with short lead times. In 2024, northern Vietnam's air cargo volumes at Noi Bai Airport grew 35% year-on-year as electronics manufacturing clusters in Bac Ninh and Thai Nguyen scaled up operations. This Vietnam air freight market growth driver is expected to sustain above-market-average demand growth through 2035.
Government Airport Infrastructure Expansion Creating Capacity for Long-Term Growth
Vietnam's government has committed over USD 10 billion in aviation infrastructure investments by 2025, with major projects targeting the expansion of Noi Bai International Airport (a new USD 490 million T3 terminal), Tan Son Nhat International Airport (new T3 terminal), Da Nang International Airport, and the development of the entirely new Long Thanh International Airport at an estimated cost of USD 16 billion. These projects directly address the air cargo capacity constraints that have emerged as Vietnam's export volumes have grown. The Long Thanh airport, targeting 100 million passengers and substantial cargo capacity, is specifically designed to position Vietnam as a regional air logistics hub. In 2025, the Vietnamese government also approved the National Logistics Services Development Strategy, targeting logistics as a high-value economic sector.
Foreign Freight Forwarder Dominance Prompting Local Capacity Development
Foreign multinational companies including FedEx, DHL, and Cathay Pacific Cargo currently control approximately 88% of Vietnam's domestic air freight industry, a market concentration that is drawing both government attention and private sector investment responses. The Vietnamese government has actively encouraged domestic carriers and logistics operators to expand their air cargo capabilities to reduce dependence on foreign operators and capture more of the value chain from Vietnam's growing export volumes. IPPG's 2024 announcement of Vietnam's first dedicated domestic cargo airline represents the most significant domestic response to this trend. Additionally, VLA (Vietnam Logistics Service Association) reported sector growth of 14-16% in recent years, indicating substantial commercial appetite for new domestic logistics providers.
ASEAN Open Skies and Trade Agreements Expanding Vietnam's Air Freight Connectivity
Vietnam's air freight market benefits from the ASEAN Open Skies agreement, which has expanded regional air connectivity by eliminating fare controls, removing capacity restrictions, and liberalising route frequencies across Southeast Asia. The agreement has directly increased the volume and frequency of air cargo services connecting Vietnam with regional manufacturing and consumer markets. In October 2025, Vietnam approved a new National Logistics Services Development Strategy designed to systematically improve supply chain efficiency, reduce logistics costs from 18% of GDP, and expand international logistics connectivity. Trade liberalisation through ASEAN Free Trade Agreements, the CPTPP, and Vietnam's bilateral agreement with the USA also continues to create new air freight demand by unlocking market access for Vietnamese exporters.
Vietnam Air Freight Industry Segmentation
"Vietnam Air Freight Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments:
Market Breakup by Service
- Freight
- Express
- Others
Key Insight: The freight service segment holds the dominant share of Vietnam's air freight market, accounting for approximately 64% of total market share in 2024 according to Expert Market Research data. Freight dominance reflects the high volume of commercial cargo generated by Vietnam's export-oriented manufacturing sector, which produces electronics, garments, footwear, and machinery for global markets. The segment is projected to grow at a CAGR of 7.1% during the forecast period, driven by increasing demand from commercial manufacturers requiring fast, reliable export logistics. The express segment is the fastest-growing service category, propelled by Vietnam's rapidly expanding e-commerce sector and consumer demand for fast delivery of cross-border purchases. DHL, FedEx, and international express operators are all investing in enhanced express network capacity in Vietnam in response to this demand.
Market Breakup by Destination
- Domestic
- International
Key Insight: International air freight represents the dominant destination segment, reflecting Vietnam's role as a major export manufacturing economy where most high-value air cargo is destined for overseas markets. Vietnam's largest air freight flows are to the United States (its largest trade partner, with bilateral trade reaching USD 142.1 billion in 2022), Japan, South Korea, the European Union, and China. In 2021, Vietnam's total exports reached USD 336 billion, with a 21.3% increase in the volume of international air freight following, according to the Civil Aviation Authority of Vietnam. Domestic air freight, while smaller, is growing as internal e-commerce volumes expand and as pharmaceutical and perishable goods supply chains develop between Vietnam's northern industrial clusters and southern commercial centres.
Market Breakup by End Use
- Private
- Commercial
Key Insight: Commercial end use accounts for the dominant share of Vietnam's air freight market, driven by the high concentration of foreign-owned manufacturing operations that rely on air logistics for just-in-time component imports and rapid finished goods exports. Companies including Samsung, Foxconn, LG, and Intel operate large-scale production facilities in Vietnam and collectively require substantial dedicated air freight capacity for their supply chains. In 2019, Vietnam's air cargo industry accounted for 25% of the total value of international agricultural exports, generating a turnover of USD 25.5 billion, further illustrating the breadth of commercial sectors dependent on air freight. Private end use is a growing segment, supported by the expansion of Vietnam's middle class and increasing cross-border e-commerce adoption.
Vietnam Air Freight Market Share
By Service
The freight service segment commands the dominant share of Vietnam's air freight market by service type, driven by the structural demand generated by Vietnam's export manufacturing economy. Freight services, which account for approximately 64% of total market share, are concentrated in electronics, garments, footwear, seafood, and high-precision components - categories where air transport is either mandatory due to time sensitivity or economically justified by the high value-to-weight ratio of the cargo. DHL and FedEx are the most visible commercial carriers in this segment, with DHL having expanded its Vietnam-USA cargo capacity by 27% in 2024 in direct response to the surge in bilateral trade. The express segment is growing at the fastest pace among service types, with Vietnam's e-commerce market generating over 100 million parcels monthly and creating sustained incremental demand for next-day and same-day air-linked delivery.
By Destination
International destinations represent the dominant destination segment, with Vietnam's export-led economic model generating consistent high-volume air cargo flows to the United States, European Union, Japan, and South Korea. The Civil Aviation Authority of Vietnam (CAAV) reported a 21.3% increase in international air freight volumes in 2021 following a 20% surge in Vietnam's total exports. Commercial end use accounts for the vast majority of Vietnam's air freight market share by end use, with foreign-owned manufacturers responsible for approximately 75% of the country's export value. However, private end-use air freight is the faster-growing sub-segment, driven by cross-border e-commerce adoption among Vietnam's growing urban middle class and by direct-to-consumer export models increasingly adopted by Vietnamese manufacturers selling to foreign consumers.
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Purchase the Regional Overview for USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Vietnam Air Freight Market Regional Analysis
Asia Pacific Region Context
Vietnam's air freight market sits within the broader Asia Pacific Air Freight context, which is one of the world's most dynamically growing cargo regions. Within Asia Pacific, Vietnam has emerged as one of the fastest-growing air freight markets, underpinned by the structural relocation of manufacturing capacity from China and the country's growing export competitiveness in electronics, garments, and agricultural products. The Asia Pacific air freight market recorded year-on-year growth of 17% in cargo traffic between Southeast Asian nations in 2022, well above the 30-year annual average of 15%, with Vietnam contributing disproportionately to this growth. The development of the ASEAN single-window customs system and continued trade liberalisation under bilateral and multilateral agreements are expected to sustain Vietnam's elevated air cargo growth trajectory relative to the broader Asia Pacific average.
Northern Vietnam - Key Air Cargo Hub
Northern Vietnam, anchored by Noi Bai International Airport in Hanoi, is Vietnam's most dynamic air freight growth zone, driven by the concentration of high-technology electronics manufacturing in the Red River Delta industrial corridor. Samsung's manufacturing complex in Bac Ninh - one of the world's largest phone factories - along with growing facilities from Foxconn, LG, and Luxshare has created enormous, sustained air freight demand for precision component imports and high-value finished goods exports. In 2024, component uplift at Noi Bai Airport increased 35% year-on-year, forcing the airport authority to prioritise capacity additions. The planned expansion of Noi Bai International Airport with a new USD 490 million T3 terminal specifically addresses the cargo bottlenecks created by northern Vietnam's manufacturing boom and is critical to sustaining growth in this key air freight corridor through the forecast period.
Leading Companies in the Vietnam Air Freight Market
The Vietnam air freight market is dominated by foreign multinational logistics companies that collectively control approximately 88% of the domestic air freight industry, with Vietnamese domestic operators accounting for the remaining share. This high level of foreign concentration reflects the early-mover advantage that global integrated carriers and freight forwarders built during Vietnam's initial export manufacturing boom, and the capital-intensive nature of air freight infrastructure that has historically favoured large international operators. DHL, FedEx, and Cathay Pacific Cargo hold the most prominent positions in Vietnam's express and freight segments.
The competitive dynamics are beginning to shift as Vietnamese government policy increasingly supports domestic logistics capability development, and as Vietnamese operators such as IPPG move to establish dedicated domestic cargo airline capacity. International freight forwarders including Kuehne + Nagel, DB Schenker, and Transimex are also competing for market share in the freight forwarding segment, where the combination of manufacturing growth and e-commerce expansion is creating new commercial opportunities. Sustainable logistics practices and digital freight management platforms are emerging as competitive differentiators as clients demand greater supply chain transparency and carbon reporting.
Deutsche Post AG (DHL)
Deutsche Post AG, founded in 1947 and headquartered in Bonn, Germany, operates Vietnam's most comprehensive air freight and express logistics network through its DHL Express and DHL Supply Chain divisions. DHL has been among the earliest and most committed foreign logistics investors in Vietnam, building dedicated air freight infrastructure at Noi Bai and Tan Son Nhat airports that supports both domestic distribution and international export routes. In 2024, DHL expanded its cargo capacity on Vietnam-USA routes by 27%, responding directly to the surge in bilateral trade driven by electronics and consumer goods manufacturing. DHL's established brand, extensive route network, and digital logistics platform make it the preferred air freight partner for large multinational manufacturers operating in Vietnam.
Schenker AG
Schenker AG, a subsidiary of DB (Deutsche Bahn) and headquartered in Essen, Germany, operates as one of the world's leading global freight forwarding and logistics companies with a well-established presence in Vietnam. The company provides comprehensive air freight forwarding, customs brokerage, and supply chain management services across Vietnam's major industrial and commercial centres, serving manufacturers, retailers, and exporters. Schenker's Vietnam operations specialise in the electronics and garment sectors, providing reliable air freight connections to European and North American markets. The company's strength lies in its global network reach, multimodal logistics integration capabilities, and ability to manage complex international supply chains for Vietnam's export-oriented manufacturing base.
FedEx Corp.
Founded in 1971 and headquartered in Memphis, Tennessee, USA, FedEx Corporation is one of the world's largest express transportation companies and holds a major position in Vietnam's air freight market through its FedEx Express division. FedEx operates dedicated freighter services connecting Vietnam's key export hubs at Noi Bai and Tan Son Nhat airports with its global express network, offering next-day and time-definite international delivery services for high-value cargo including electronics, pharmaceuticals, and critical automotive components. FedEx has invested significantly in building local customs clearance infrastructure, bonded warehousing, and last-mile delivery networks in Vietnam, making it a comprehensive logistics solution provider for multinational manufacturers operating in the country.
Kuehne + Nagel Management AG
Founded in 1890 and headquartered in Schindellegi, Switzerland, Kuehne + Nagel is one of the world's largest freight forwarding companies and operates a significant air freight business in Vietnam. The company's Vietnam operations focus on air freight forwarding across all major product categories, with particular strength in perishables, pharmaceuticals, and high-value electronics. Kuehne + Nagel's digital logistics platform eTouch and its global network of air freight partnerships with major carriers enable it to offer competitive pricing and routing options for Vietnam's diverse base of manufacturing and agricultural exporters. The company's Vietnam presence spans multiple cities and industrial zones, ensuring broad geographic coverage for manufacturers across northern and southern Vietnam.
Other key players in the market are Transimex Corp., APT International Co. Ltd., Aviation Logistics Corporation, Bee Logistics Corporation, Alphatrans Co. Ltd., Nissin Logistics VN Co. Ltd., and Others.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Key Findings from the Vietnam Air Freight Market Report
- Comprehensive quantitative and qualitative analysis of the Vietnam air freight market with historical and forecast data from 2019 to 2035
- Detailed segmentation by service type (freight, express, mail), destination (domestic, international), and end use (private, commercial)
- Analysis of the competitive landscape profiling key global freight forwarders and express operators competing in Vietnam's high-growth air cargo market
- Assessment of Vietnam's airport infrastructure expansion programmes, government logistics strategy, and regulatory environment shaping air freight capacity
- Insights into the China-plus-one manufacturing shift, electronics sector growth, and US-Vietnam trade dynamics driving structural air freight demand
- Strategic guidance for logistics operators, investors, and manufacturers based on Vietnam's evolving air freight market dynamics and growth trajectory
Why Choose Expert Market Research?
- Relied upon by global logistics operators, manufacturers, and investors for accurate, field-validated intelligence on Vietnam's rapidly evolving air freight and logistics market
- Research built by experienced analysts with deep knowledge of Vietnam's manufacturing ecosystem, trade policy environment, and aviation infrastructure development
- Actionable insights structured to support market entry decisions, capacity planning, partnership strategies, and investment assessment in Vietnam's logistics sector
- Customisable research scopes available to focus on specific service types, trade corridors, or end-use sectors most relevant to a client's Vietnam logistics strategy
Call to Action
Get ahead of Vietnam's fastest-growing logistics opportunity with our comprehensive Air Freight Market report for 2026. From the manufacturing boom reshaping northern Vietnam's cargo volumes to the airport infrastructure investments set to transform the country's air freight capacity, this report gives you the data-backed clarity to plan with confidence. Whether you are a logistics operator assessing Vietnam market entry, a manufacturer optimising your supply chain, or an investor evaluating infrastructure opportunities, this report delivers the intelligence you need. Download your free sample today and explore what is driving Vietnam's air freight market to new heights.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is assessed to grow at a CAGR of 6.20% between 2026 and 2035.
The different end uses of air freight are private and commercial.
The various segments based on destination in the market are domestic and international.
The different services offered by air freight are freight, express, and mail, among others.
The key players in the market are Deutsche Post AG, DB SCHENKER, FedEx Corporation, Kuehne + Nagel Management AG, Transimex Corporation, APT International Co. Ltd., Aviation Logistics Corporation, Bee Logistics Corporation., Alphatrans Co., Ltd., and Nissin Logistics VN Co., Ltd., among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment
|
| Breakup by Service |
|
| Breakup by Destination |
|
| Breakup by End Use |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
|
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