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Vietnam Logistics Market Size, Share, Analysis, Trends: By Model Type: 1 PL, 2 PL, 3 PL, Others; By Transportation Mode: Roadways, Seaways, Railways, Airways; By End User: Manufacturing, Consumer Goods and Retail, Food and Beverages, IT Hardware and Telecom, Healthcare, Others; Regional Analysis; Competitive Landscape; 2024-2032
Vietnam Logistics Market Outlook
The Vietnam logistics market size was valued at USD 80.65 billion in 2023. The market is further projected to grow at a CAGR of 6.4% between 2024 and 2032, reaching a value of USD 141.48 billion by 2032.
Key Takeaways
- The Vietnam logistics market share is expected to show an increasing trend from 2024 to 2032, driven by factors such as rising economy, integration of automation and robotics in warehousing operations, shift towards e-commerce, the "China plus one" strategy, and green logistics initiatives by the government.
- As per industry reports, the logistics industry in Vietnam is among the fastest-expanding sectors in the country, accounting for around 4.5% of the total GDP, and is expected to experience a yearly growth rate of 20% within the next two years.
- Manufacturers are diversifying from China to Vietnam, leading to a significant growth in manufacturing and assembling units in Vietnam due to factors like cheap labour and locational advantages, such as a strong maritime sector with over 3,000 km of coastline.
Vietnam's logistics market is a significant player in the Asian landscape due to country's strategic location, with over 3,200 km of coastline and major international ports in the North (Haiphong), centre (Da Nang), and south (Ho Chi Minh City, Vung Tau). Moreover, in 2021, Vietnam's revenue from export-import reached almost USD 390 billion, and the government is aiming for a yearly logistics growth rate of 20% within the next two years.
The logistics sector involves air, sea, road, and rail freight along with complementary services like storage, freight forwarding, warehousing, and customs brokerage for FMCG, e-commerce, automotive, and construction end users. Additionally, the country's booming healthcare and pharmaceutical market has pushed up the demand for specialised logistics services, such as cold logistics and freight forwarding. Also, as per the industry reports, the manufacturing and assembling units in Vietnam have grown significantly due to the cheap labour and locational advantages, such as a strong maritime sector with over 3,000 km of coastline and numerous ports.
Furthermore, the increasing importance of Vietnamese businesses to foreign invested enterprises (FIEs) supply chains, as evidenced by 63% of FIEs purchasing intermediate goods and services from Vietnamese firms in 2022, will have significant implications for the Vietnam logistics market development. This trend suggests a strengthening of local supply chain capabilities and a move towards self-sufficiency within the domestic sector.
As Vietnamese businesses play a more integral role in FIE supply chains, there will be a growing demand for efficient and reliable logistics services to support these partnerships and ensure smooth operations. This shift can drive the need for enhanced logistics infrastructure, improved transportation networks, and streamlined supply chain management processes.
Market Segmentation
Vietnam Logistics Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Model Type
- 1 PL
- 2 PL
- 3 PL
- Others
Market Breakup by Transportation Mode
- Roadways
- Seaways
- Railways
- Airways
Market Breakup by End User
- Manufacturing
- Consumer Goods and Retail
- Food and Beverages
- IT Hardware and Telecom
- Healthcare
- Chemicals
- Construction
- Automotive
- Oil and Gas
- Others
Market Breakup by Region
- Southeast
- Red River Delta
- Mekong River Delta
- South Central Coast
- Others
Competitive Landscape
Market players are utilising advancements in technology and data analytics to streamline processes, manage inventory levels, optimise routes, and ensure timely delivery of goods.
- Viettel Post Joint Stock Corporation
- Bee Logistics Corporation
- Indo Trans Logistics Corporation
- FedEx Corporation
- United Parcel Service, Inc.
- Schenker AG
- C.H. Robinson Worldwide Inc.
- Deutsche Post AG
- DSV A/S
- CMA CGM Group (CEVA Logistics SA)
- Kuehne + Nagel International AG
- Nippon Express Co., Ltd.
- Expeditors International of Washington, Inc.
- Kintetsu World Express Inc.
- A.P. Møller – Mærsk A/S
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Model Type |
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| Breakup by Transportation Mode |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Logistics Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Logistics Historical Market (2018-2023)
8.3 Asia Pacific Logistics Market Forecast (2024-2032)
8.4 Asia Pacific Logistics Market Share by Country
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 ASEAN
8.4.5 Australia
8.4.6 Others
9 Vietnam Logistics Market Overview
9.1 Key Industry Highlights
9.2 Vietnam Logistics Historical Market (2018-2023)
9.3 Vietnam Logistics Market Forecast (2024-2032)
10 Vietnam Logistics Market by Model Type
10.1 1 PL
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 2 PL
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 3 PL
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Vietnam Logistics Market by Transportation Mode
11.1 Roadways
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Seaways
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Railways
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Airways
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
12 Vietnam Logistics Market by End User
12.1 Manufacturing
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Consumer Goods and Retail
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Food and Beverages
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 IT Hardware and Telecom
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Healthcare
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Chemicals
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
12.7 Construction
12.7.1 Historical Trend (2018-2023)
12.7.2 Forecast Trend (2024-2032)
12.8 Automotive
12.8.1 Historical Trend (2018-2023)
12.8.2 Forecast Trend (2024-2032)
12.9 Oil and Gas
12.9.1 Historical Trend (2018-2023)
12.9.2 Forecast Trend (2024-2032)
12.10 Others
13 Vietnam Logistics Market by Region
13.1 Southeast
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Red River Delta
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Mekong River Delta
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Central Coast
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Viettel Post Joint Stock Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Bee Logistics Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Indo Trans Logistics Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 FedEx Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 United Parcel Service, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Schenker AG
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 C.H. Robinson Worldwide Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Deutsche Post AG
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 DSV A/S
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 CMA CGM Group (CEVA Logistics SA)
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Kuehne + Nagel International AG
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Nippon Express Co., Ltd.
15.2.12.1 Company Overview
15.2.12.2 Product Portfolio
15.2.12.3 Demographic Reach and Achievements
15.2.12.4 Certifications
15.2.13 Expeditors International of Washington, Inc.
15.2.13.1 Company Overview
15.2.13.2 Product Portfolio
15.2.13.3 Demographic Reach and Achievements
15.2.13.4 Certifications
15.2.14 Kintetsu World Express Inc.
15.2.14.1 Company Overview
15.2.14.2 Product Portfolio
15.2.14.3 Demographic Reach and Achievements
15.2.14.4 Certifications
15.2.15 A.P. Møller – Mærsk A/S
15.2.15.1 Company Overview
15.2.15.2 Product Portfolio
15.2.15.3 Demographic Reach and Achievements
15.2.15.4 Certifications
15.2.16 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Logistics Market: Key Industry Highlights, 2018 and 2032
2. Vietnam Logistics Market: Key Industry Highlights, 2018 and 2032
3. Vietnam Logistics Historical Market: Breakup by Model Type (USD Billion), 2018-2023
4. Vietnam Logistics Market Forecast: Breakup by Model Type (USD Billion), 2024-2032
5. Vietnam Logistics Historical Market: Breakup by Transportation Mode (USD Billion), 2018-2023
6. Vietnam Logistics Market Forecast: Breakup by Transportation Mode (USD Billion), 2024-2032
7. Vietnam Logistics Historical Market: Breakup by End User (USD Billion), 2018-2023
8. Vietnam Logistics Market Forecast: Breakup by End User (USD Billion), 2024-2032
9. Vietnam Logistics Historical Market: Breakup by Region (USD Billion), 2018-2023
10. Vietnam Logistics Market Forecast: Breakup by Region (USD Billion), 2024-2032
11. Vietnam Logistics Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 80.65 billion.
The market is expected to grow at a CAGR of 6.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 141.48 billion by 2032.
The market is driven by the growth of e-commerce, the increasing reliance on 3PLs, integration of technology, and a shift towards customer-centric logistics.
Key trends aiding the market expansion include the growing demand for foreign goods, development of integrated supply chain networks, and advancements in logistics technology.
Regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
Based on end user, the market segmentations include manufacturing, consumer goods and retail, food and beverages, IT hardware and telecom, healthcare, chemicals, construction, automotive, and oil and gas, among others.
1 PL, 2 PL, and 3 PL are considered in the report.
Key players in the market are Viettel Post Joint Stock Corporation, Bee Logistics Corporation, Indo Trans Logistics Corporation, FedEx Corporation, United Parcel Service, Inc., Schenker AG, C.H. Robinson Worldwide Inc., Deutsche Post AG, DSV A/S, CMA CGM Group (CEVA Logistics SA), Kuehne + Nagel International AG, Nippon Express Co., Ltd., Expeditors International of Washington, Inc., Kintetsu World Express Inc., and A.P. Møller – Mærsk A/S, among others.
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