Vietnam Logistics Market Size, Share, Trends and Industry Growth - 2034

Insight Pro Analytic
3 days ago
5 min read

Vietnam Logistics Market Outlook

The Vietnam logistics market attained a value of USD 80.65 billion in 2024. Aided by the country’s rapid industrialisation, strong export performance, and thriving e-commerce sector, the market is projected to grow at a CAGR of 6.40% between 2025 and 2034, reaching a value of USD 149.98 billion by 2034. Vietnam's strategic geographic location, positioned along key global trade routes, has enabled it to develop into a competitive logistics hub within Southeast Asia. As the country continues to strengthen its trade relations, invest in infrastructure development, and integrate digital solutions in supply chains, its logistics market is witnessing strong structural growth. Supportive government policies, combined with the rise in foreign direct investments and manufacturing activities, are further augmenting the sector’s long-term growth potential.

Vietnam Logistics Market Size

The size of the Vietnam logistics market reflects the sector’s expanding role in the economy, growing from USD 80.65 billion in 2024 to a projected USD 149.98 billion by 2034. This growth trajectory is supported by surging demand for freight transportation, warehousing, customs brokerage, and third-party logistics services. The market’s expansion is largely driven by the country’s positioning as a key manufacturing destination in Asia, leading to increased volumes of imported raw materials and exported finished goods. Additionally, the rapid rise of domestic consumption and urbanisation is fuelling demand for efficient domestic logistics and distribution networks. Investments in industrial parks, ports, and digital logistics platforms are strengthening the operational capacities of logistics service providers across Vietnam.

Vietnam Logistics Market Share

The Vietnam logistics market is dominated by local enterprises, which account for nearly 70% of logistics activities, especially in road transportation and freight forwarding. However, global logistics players such as DHL, DB Schenker, Maersk, and FedEx are expanding their footprint in the country, particularly in value-added segments like international express delivery, integrated logistics, and warehousing automation. The growth of e-commerce logistics has given rise to a new wave of local tech-enabled logistics providers, such as GHN, Giao Hang Tiet Kiem, and Viettel Post, which are capturing a significant share of the domestic express delivery segment. As digital transformation accelerates and service demands become more complex, market share is expected to shift further toward firms that can offer integrated and technology-driven logistics solutions.

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Vietnam Logistics Market Trends

One of the most prominent trends shaping the Vietnam logistics market is the rapid growth of e-commerce and the increasing demand for last-mile delivery solutions. The digital retail boom, especially post-pandemic, has created a need for speed, flexibility, and real-time tracking capabilities, prompting logistics providers to invest in smart warehouses, fulfilment centres, and delivery automation. Digitalisation is another major trend, as logistics companies adopt advanced technologies such as cloud computing, big data, artificial intelligence (AI), and Internet of Things (IoT) to optimise fleet management, enhance inventory accuracy, and improve supply chain visibility. Infrastructure development is also gaining momentum, with the government prioritising transport upgrades, including new highways, deep-sea ports, and logistics hubs. Furthermore, sustainability is emerging as a key trend, with increasing investments in green logistics practices such as electric delivery vehicles, carbon offsetting, and eco-friendly warehousing solutions.

Drivers of Growth

Vietnam’s strategic location on the global trade map serves as a strong driver for its logistics market, enabling seamless connectivity to major markets such as China, Japan, South Korea, and ASEAN nations. The ongoing shift in global manufacturing away from China, known as the “China+1” strategy, is benefiting Vietnam, with multinational companies relocating or expanding production in the country. This relocation is boosting demand for reliable logistics and supply chain support. Vietnam’s participation in numerous free trade agreements (FTAs), including the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), is enhancing trade flows and encouraging investment in logistics infrastructure. The rise in domestic consumption, fueled by a growing middle class and increasing internet penetration, is also contributing to logistics sector expansion, especially in warehousing, fulfilment, and distribution services. Government support in the form of tax incentives, regulatory reform, and development programs is another vital driver of growth.

Vietnam Logistics Market Segmentation

The Vietnam logistics market can be segmented based on model type, transportation mode, end user, and region.

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

Some of the major players explored in the report by Expert Market Research are as follows:

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

Challenges and Opportunities

Despite its progress, the Vietnam logistics market faces several challenges. Infrastructure bottlenecks, such as congested urban roads, outdated rail systems, and underdeveloped rural logistics, continue to hinder efficiency and increase delivery times. The fragmented nature of the industry, with numerous small and unorganised players, limits scalability and standardisation. A shortage of skilled labour, particularly in logistics planning, digital tools, and warehouse automation, also poses operational challenges. Regulatory complexities, including customs procedures and inconsistent regional policies, can delay cross-border shipments and increase compliance costs.

Nevertheless, the market presents abundant opportunities. The ongoing investment in smart logistics parks, multimodal transport systems, and bonded warehouse zones opens new avenues for growth. Digitalisation offers opportunities for startups and tech firms to develop innovative logistics solutions such as route optimisation software, e-commerce fulfilment platforms, and AI-driven demand forecasting tools. The emerging cold chain segment holds potential for companies aiming to serve the growing food export and healthcare sectors. There is also an opportunity for green logistics providers to introduce sustainable transport and warehousing practices, aligning with global ESG (environmental, social, and governance) trends and gaining favour among multinational clients.

Vietnam Logistics Market Forecast

The Vietnam logistics market is set to experience a decade of consistent expansion, with a forecasted CAGR of 6.40% between 2025 and 2034. By 2034, the market is anticipated to reach a value of USD 149.98 billion, up from USD 80.65 billion in 2024. This growth will be primarily fueled by the continued expansion of manufacturing, increased cross-border trade, and the rising sophistication of domestic consumption patterns. Vietnam’s integration into global supply chains and rising digital infrastructure will enable logistics firms to deliver higher service quality and operational efficiency. The increasing use of technologies like blockchain for secure and transparent supply chain management, AI for demand forecasting, and drones for last-mile delivery will further enhance the market outlook.

As the government rolls out its national logistics development plan and partners with private firms to invest in smart infrastructure, the foundation for long-term logistics growth will be strengthened. The next decade will also see increased M&A activities, entry of foreign players, and public-private collaborations aimed at reducing logistics costs, which currently account for a high percentage of GDP. The market’s evolution will be marked by a transition from cost-based competition to service-based differentiation, with customer experience, reliability, and sustainability becoming key success factors.