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The Vietnam freight logistics market size is projected to grow at a CAGR of 5.90% between 2024 and 2032, aided by the expansion of the e-commerce sector.
According to the World Bank rankings of 2018, Vietnam ranked at 39th position out of 160 countries on the Logistics Performance Index (LPI). This is because of a growth of 5% in its roadways freight carrying capacity. In the first three quarters of 2020, Vietnam’s earnings from its export-import industry reached USD 390 billion and recorded a growth of 1.8% from the same period in 2019. This bodes well for the future of Vietnam freight logistics market which is assessed to grow positively during the forecast period.
Due to its strategic location, Vietnam is well suited to act as East Asia’s chokepoint to ASEAN markets (Singapore, Malaysia, Thailand, and the Philippines, among others). The export of electronics, automobiles, machines and mechanical parts are crucial for the development of developing economies of ASEAN (like Myanmar) and help countries like Japan and South Korea in earning foreign exchange for importing food and fuel. This is making Vietnam an important trading partner on a global scale, which, in turn, is expected to bode well for its freight logistics market.
The e-commerce industry of Vietnam recorded a growth of 18% from 2019 to 2020. Because of government support, Vietnam became the sole country in Southeast Asia where the e-commerce industry flourished even during lockdown periods. This impacted the growth of its freight logistics market directly, which has been recording a positive growth rate ever since.
Vietnam Freight Logistics Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Logistics Function
Market Breakup by End Use
The key market players are Viettel Logistics Company Limited, Petrovietnam Transportation Corporation, A.P. Moller Maersk Group, FedEx Corporation, Aviation Logistics Corporation, Gemadept Corporation, Deutsche Post AG, Ring International Transport JSC., DB SCHENKER, and T&M FORWARDING Ltd., among others.
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 Logistics Function |
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Breakup by End Use |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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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.
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 Freight Logistics Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Freight Logistics Historical Market (2018-2023)
8.3 Asia Pacific Freight Logistics Market Forecast (2024-2032)
9 Vietnam Freight and Logistics Market Overview
9.1 Key Industry Highlights
9.2 Vietnam Freight Logistics Historical Market (2018-2023)
9.3 Vietnam Freight and Logistics Market Forecast (2024-2032)
10 Vietnam Freight and Logistics Market by Logistics Function
10.1 Courier Express and Parcel
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Destination Type
10.1.3.1 Domestic
10.1.3.2 International
10.2 Freight Forwarding
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Breakup by Mode of Transport
10.2.3.1 Air
10.2.3.2 Sea and Inland Waterways
10.2.3.3 Others
10.3 Freight Transport
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.3.3 Breakup by Mode of Transport
10.3.3.1 Air
10.3.3.2 Pipelines
10.3.3.3 Rail
10.3.3.4 Road
10.3.3.5 Sea and Inland Waterways
10.4 Warehousing and Storage
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.4.3 Breakup by Temperature Control
10.4.3.1 Non-Temperature Controlled
10.4.3.2 Temperature Controlled
10.5 Others
11 Vietnam Freight and Logistics Market by End Use
11.1 Agriculture, Fishing, and Forestry
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Construction
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Manufacturing
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Oil and Gas
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Mining and Quarrying
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Wholesale and Retail Trade
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
11.7 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Viettel Logistics Company Limited
13.2.1.1 Company Overview
13.2.1.2 Type Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Petrovietnam Transportation Corporation
13.2.2.1 Company Overview
13.2.2.2 Type Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 A.P. Moller Maersk Group
13.2.3.1 Company Overview
13.2.3.2 Type Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 FedEx Corporation
13.2.4.1 Company Overview
13.2.4.2 Type Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Aviation Logistics Corporation
13.2.5.1 Company Overview
13.2.5.2 Type Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Gemadept Corporation
13.2.6.1 Company Overview
13.2.6.2 Type Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Deutsche Post AG
13.2.7.1 Company Overview
13.2.7.2 Type Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Ring International Transport JSC.
13.2.8.1 Company Overview
13.2.8.2 Type Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 DB SCHENKER
13.2.9.1 Company Overview
13.2.9.2 Type Portfolio
13.2.9.3 Demographic Reach and Achievements
13.2.9.4 Certifications
13.2.10 T&M FORWARDING Ltd.
13.2.10.1 Company Overview
13.2.10.2 Type Portfolio
13.2.10.3 Demographic Reach and Achievements
13.2.10.4 Certifications
13.2.11 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Freight Logistics Market: Key Industry Highlights, 2018 and 2032
2. Vietnam Freight and Logistics Market: Key Industry Highlights, 2018 and 2032
3. Vietnam Freight Logistics Historical Market: Breakup by Logistics Function (USD Million), 2018-2023
4. Vietnam Freight and Logistics Market Forecast: Breakup by Logistics Function (USD Million), 2024-2032
5. Vietnam Freight Logistics Historical Market: Breakup by End Use (USD Million), 2018-2023
6. Vietnam Freight and Logistics Market Forecast: Breakup by End Use (USD Million), 2024-2032
7. Vietnam Freight and Logistics Market Structure
The market is projected to grow at a CAGR of 5.90% between 2024 and 2032.
By logistics function, the market includes courier express and parcel, freight forwarding, freight transport, and warehousing and storage, among others.
By end-use, the market is divided into agriculture, fishing, and forestry, construction, manufacturing, oil and gas, mining and quarrying, and wholesale and retail trade, among others.
The key market players are Viettel Logistics Company Limited, Petrovietnam Transportation Corporation, A.P. Moller Maersk Group, FedEx Corporation, Aviation Logistics Corporation, Gemadept Corporation, Deutsche Post AG, Ring International Transport JSC., DB SCHENKER, and T&M FORWARDING Ltd., among others.
The major factors driving the growth of the market are the increasing cross-border trade, economic growth, rapid globalisation, and improving transportation infrastructure of the country.
The notable trends in the market include the growing e-commerce sector, rapid technological advancements, and the growing deployment of warehouse management systems.
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