Vietnam Warehousing Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

Compound Annual Growth Rate

11%

Value in USD Million

2025-2034

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Vietnam Warehousing Market Outlook

*this image is indicative*

Vietnam Warehousing Market Growth

Warehouse simply refers to a commercial building or a huge space/godown, where goods are kept and stored in bulk. It is mainly used to manage the distribution of goods and to prevent losses and damages that may arise if these goods are not stored properly or securely. Warehouse helps undertake functions like sorting, packing, labelling, and others.

The Vietnam warehousing market dynamics and trends are driven by a global surge in demand for climate-controlled warehouses. Many perishable consumables need extended storage, making cold storage essential for prolonging shelf life. This also aids traders and companies in managing the supply and demand of seasonal fruits and vegetables. Additionally, these facilities are suited for items needing special handling, such as flowers and pharmaceuticals.

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Vietnam Warehousing Market Analysis

Vietnam's dynamic population, expanding economy, and rising middle class are fuelling the Vietnam warehousing market demand. As one of the most active emerging economies in East Asia, Vietnam requires a diverse range of warehousing facilities, including public and private warehouses, cold storage, and container yards, to support its growth. Increased public and private partnerships are enhancing logistics services, such as transportation and inventory management. The entry of major players, such as GLP's recent USD 1.5 billion joint venture, is also driving the growth of the Vietnam warehousing industry.

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Vietnam Warehousing Industry Outlook

According to the Ministry of Industry and Trade (MIT), most cold storage services are in operation at over 90% of their capacity. Currently, this system in Vietnam meets only 30-35% of the demand for food, agricultural and aquatic products preservation.

As of 2022, Vietnam’s cold chain market supply was in its infancy and fragmented. The cold chain supply currently provides 48 facilities, divided into 2 main branches such as cold storage with about 600,000 shelves and cold transport with more than 700 refrigerated trucks.

AJ Vietnam Cold Storage Company has the highest cold storage facility in Vietnam, located within Long Hau Industrial Park, with a capacity of 31,000 pallets. Moreover, a new 23,000-pallet warehouse is set to open in Pho Noi, Hung Yen in May 2022, further boosting the Vietnam warehousing market revenue as pallet warehouses are essential for efficient goods storage and management, using pallet racking systems to optimize space and streamline inventory processes.

Ho Chi Minh City has seen a surge in cold storage facilities recently. ABA Cooltrans Group has launched a new cold distribution center in the Linh Trung Export Processing Zone (Thu Duc City), spanning 10,000 square meters with an investment of VND 250 billion. Upon completion, this center will feature 5,000 square meters of cold storage, capable of holding 8,000 tons and servicing 1,000 locations across HCMC.

Hung Vuong Joint Stock Company (HVG) has put into operation the largest cold storage facility in Vietnam and Southeast Asia, covering nearly 4 hectares at Tan Tao Industrial Park (Binh Tan District, Ho Chi Minh City), with a total investment of VND 1,300 billion. This facility can hold 60,000 pallets and store between 60,000 and 70,000 tons of goods. Meanwhile, HVG plans to invest in a new cold storage site at Hiep Phuoc port, enhancing the Vietnam warehousing industry revenue, as cold storage is vital for preserving the quality and extending the shelf life of perishable items like food, pharmaceuticals, and chemicals.

Vietnam's booming economy drives high demand for warehousing, supporting robust Vietnam warehousing industry growth.

• Positioned as a key logistics hub in Southeast Asia, facilitating trade and distribution across the region.
• The availability of various warehousing types, including cold storage and container yards, meets diverse industry needs.

Existing warehousing infrastructure may struggle to keep up with the rapid growth and increasing demand of the Vietnam warehousing market.

• Complex regulations and bureaucratic hurdles can delay warehousing projects and operations.
• Intense competition among local and international players can pressure margins and profitability.

Growing online shopping trends boost the need for advanced warehousing solutions, including fulfilment centres.

• Collaborations can enhance warehousing capabilities and infrastructure development, driving opportunities in the Vietnam warehousing market.
• Investing in automation and smart warehousing solutions can increase efficiency and attract investment.

Economic downturns or global uncertainties can impact demand and investment in warehousing.

• Vulnerability to global supply chain disruptions can affect warehousing operations and efficiency.
• Increasing environmental regulations may require costly upgrades to meet sustainability standards.

Key Players in the Vietnam Warehouse Market and Their Strategic Initiatives

Sumitomo Warehouse (Vietnam) Co., Ltd.

• Expanded warehouse capacity with new facilities in strategic locations.
• Introduced green warehousing practices to reduce environmental impact.

Fnm Shipping Vietnam

• Established partnerships with local businesses to meet the growing demand of the Vietnam warehousing market.
• Invested in state-of-the-art technology for real-time tracking and inventory management.

Yusen Logistics Co., Ltd.

• Launched integrated logistics services combining warehousing and transportation.

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Vietnam Warehousing Industry Segmentation

Vietnam Warehousing Market Share

Warehousing plays a vital role in the smooth functioning of a supply chain network and meets domestic and international market demands. As Vietnam is an emerging country and is witnessing robust urbanisation, the warehousing facilities have significantly improved across the region. Warehousing facilitates mass production and reduces tariff barriers, providing benefits like cost competitiveness, economies of scale and scope, reduced labour cost, technological integration, and others.

Moreover, the increasing e-commerce penetration in the country is further bolstering the Vietnam warehousing demand growth. Over the forecast period, the growing shift towards automation and the increasing establishment of automated warehouses in the country are expected to significantly contribute to the growth of the Vietnam warehousing industry.

Leading Companies in the Vietnam Warehousing Market

The companies excel in warehousing and distribution, offering storage, inventory management, and supply chain optimisation, utilising advanced technology for efficient logistics solutions.

• Sumitomo Warehouse (Vietnam) Co., Ltd. 
• Fnm Shipping Vietnam 
• Yusen Logistics Co., Ltd. 
• Vinatech Group