Vietnam Cold Chain & Pharma Logistics Market

Vietnam Cold Chain & Pharma Logistics Market, valued at USD 1.2 Bn, is growing due to rising demand for temperature-sensitive products in pharma and food sectors, supported by tech advancements.

Region:Asia

Author(s):Shubham

Product Code:KRAB1247

Pages:83

Published On:October 2025

About the Report

Base Year 2024

Vietnam Cold Chain & Pharma Logistics Market Overview

  • The Vietnam Cold Chain & Pharma Logistics Market is valued at USD 1.2 billion, based on a five-year historical analysis. This growth is primarily driven by the increasing demand for temperature-sensitive products, particularly in the pharmaceutical and food sectors, alongside the expansion of e-commerce and retail channels. The rising consumer awareness regarding product quality and safety, coupled with urbanization and changing consumption patterns, has further propelled the need for efficient cold chain solutions. Advancements in refrigeration technology, real-time temperature monitoring, and IoT integration are also shaping the market, with logistics providers investing in validated cold storage facilities and specialized delivery vehicles to ensure product integrity and compliance with international standards .
  • Key cities such as Ho Chi Minh City and Hanoi dominate the market due to their strategic locations, robust infrastructure, and high population density. These urban centers serve as major distribution hubs, facilitating the efficient movement of goods. Additionally, the presence of numerous pharmaceutical companies and food processing industries in these regions contributes significantly to the market's growth. Ho Chi Minh City hosts a significant portion of logistics infrastructure and cold storage facilities, while Hanoi benefits from government investments and central policy initiatives supporting modernized supply chains .
  • In 2023, the Vietnamese government implemented the "National Strategy for Cold Chain Development," which aims to enhance the cold chain infrastructure across the country. This initiative includes investments of approximately USD 300 million to improve logistics capabilities, ensuring compliance with international standards for the transportation and storage of temperature-sensitive products. The strategy is supported by the Ministry of Industry and Trade under Decision No. 221/QD-TTg (2023), which mandates operational standards for cold storage, transportation, and monitoring systems for pharmaceutical and food logistics nationwide .
Vietnam Cold Chain & Pharma Logistics Market Size

Vietnam Cold Chain & Pharma Logistics Market Segmentation

By Type:The market is segmented into various types, including Refrigerated Transport, Cold Storage, Refrigerated Warehousing, Refrigerated Distribution, and Transportation Management Systems. Each of these segments plays a crucial role in ensuring the integrity of temperature-sensitive products throughout the supply chain. The Refrigerated Transport segment is particularly dominant due to the increasing demand for efficient logistics solutions in the food and pharmaceutical industries, as well as the need for validated cold storage and last-mile delivery vehicles equipped with real-time temperature and geo-location monitoring .

Vietnam Cold Chain & Pharma Logistics Market segmentation by Type.

By Application:The market is further segmented by application into Food and Beverages, Pharmaceuticals, Chemicals, Biotechnology, and Others. The Pharmaceuticals segment is the leading application area, driven by the increasing demand for vaccines and other temperature-sensitive medications, which require stringent cold chain management to maintain efficacy. The food and beverage sector also shows robust growth, propelled by rising demand for fresh and processed foods, health-conscious consumer trends, and the expansion of online grocery shopping .

Vietnam Cold Chain & Pharma Logistics Market segmentation by Application.

Vietnam Cold Chain & Pharma Logistics Market Competitive Landscape

The Vietnam Cold Chain & Pharma Logistics Market is characterized by a dynamic mix of regional and international players. Leading participants such as VIETPHAT Group, Cold Storage THANG LOI, TransContinental, Vinamilk, CJ Logistics, DHL Supply Chain, Kuehne + Nagel, DB Schenker, Maersk Logistics, Nippon Express, APL Logistics, Yusen Logistics, Gemadept Corporation, Saigon Newport Corporation, Vinalines Logistics contribute to innovation, geographic expansion, and service delivery in this space.

VIETPHAT Group

2001

Ho Chi Minh City

Cold Storage THANG LOI

1995

Hanoi

TransContinental

2005

Ho Chi Minh City

Vinamilk

1976

Ho Chi Minh City

CJ Logistics

2016

Hanoi

Company

Establishment Year

Headquarters

Fleet Size (Number of Temperature-Controlled Vehicles)

Revenue Growth Rate (CAGR %)

Geographic Coverage (Number of Provinces Served)

Temperature Monitoring Compliance Rate (%)

On-Time Delivery Performance (%)

Cold Chain Infrastructure Investment (USD Million)

Vietnam Cold Chain & Pharma Logistics Market Industry Analysis

Growth Drivers

  • Increasing Demand for Pharmaceuticals:The pharmaceutical market in Vietnam is projected to reach approximately USD 7.7 billion in future, driven by a growing population and rising healthcare needs. The World Bank indicates that healthcare expenditure per capita is expected to increase to USD 120 in future, reflecting a 10% annual growth. This surge in demand necessitates efficient cold chain logistics to ensure the safe transport of temperature-sensitive medications, thereby propelling the market forward.
  • Expansion of E-commerce in Healthcare:The e-commerce sector in Vietnam is anticipated to grow to USD 23 billion in future, with healthcare products being a significant segment. According to the Vietnam E-commerce Association, online sales of pharmaceuticals are expected to increase by 30% annually. This trend necessitates robust cold chain logistics to maintain product integrity during transportation, thus driving investments in cold chain infrastructure and services.
  • Government Initiatives for Healthcare Improvement:The Vietnamese government has allocated USD 1.5 billion for healthcare infrastructure development in future, focusing on enhancing logistics capabilities. Initiatives include the establishment of national cold chain standards and support for private sector investments. These efforts aim to improve healthcare access and ensure the safe distribution of pharmaceuticals, thereby stimulating growth in the cold chain logistics market.

Market Challenges

  • Inadequate Infrastructure:Vietnam's cold chain infrastructure is currently underdeveloped, with only 30% of the required facilities in place. The Ministry of Transport reports that many logistics providers lack the necessary temperature-controlled storage and transportation options. This inadequacy poses significant challenges in maintaining the quality of pharmaceuticals, leading to potential losses and inefficiencies in the supply chain.
  • High Operational Costs:The operational costs for cold chain logistics in Vietnam are approximately 20% higher than in neighboring countries due to limited technology adoption and inefficient processes. According to industry reports, logistics providers face challenges in managing energy costs and maintaining equipment, which can lead to increased prices for end consumers and reduced competitiveness in the market.

Vietnam Cold Chain & Pharma Logistics Market Future Outlook

The future of Vietnam's cold chain and pharma logistics market appears promising, driven by technological advancements and increasing investments in infrastructure. As the government continues to implement supportive policies, the sector is likely to see enhanced efficiency and reliability. Additionally, the growing trend towards e-commerce in healthcare will further necessitate the development of sophisticated logistics solutions, ensuring that temperature-sensitive products are delivered safely and efficiently to consumers across the country.

Market Opportunities

  • Technological Advancements in Logistics:The integration of IoT and AI technologies in cold chain management presents significant opportunities. In future, investments in smart logistics solutions are expected to increase by 25%, enhancing tracking and monitoring capabilities, which can lead to improved operational efficiency and reduced waste in the supply chain.
  • Investment in Cold Chain Infrastructure:With the government's commitment to healthcare improvement, investments in cold chain infrastructure are projected to reach USD 500 million in future. This funding will facilitate the development of modern storage facilities and transportation networks, creating a more robust logistics framework for pharmaceuticals and enhancing overall market competitiveness.

Scope of the Report

SegmentSub-Segments
By Type

Refrigerated Transport

Cold Storage

Refrigerated Warehousing

Refrigerated Distribution

Transportation Management Systems

By Application

Food and Beverages

Pharmaceuticals

Chemicals

Biotechnology

Others

By Temperature Range

Chilled (2-8°C)

Frozen (-20°C)

Ultra-Low Temperature (-80°C)

Ambient (15-25°C)

By Service Type

Transportation Services

Warehousing Services

Monitoring Services

Packaging Solutions

By End-User

Pharmaceutical Companies

Healthcare Providers

Food Processing Companies

Biotechnology Firms

Clinical Research Organizations

By Distribution Channel

Direct Distribution

Third-Party Logistics

E-commerce Platforms

Retail Distribution

By Geography

Ho Chi Minh City

Hanoi

Da Nang

Other Regions

Key Target Audience

Investors and Venture Capitalist Firms

Government and Regulatory Bodies (e.g., Ministry of Health, Ministry of Industry and Trade)

Pharmaceutical Manufacturers

Cold Chain Logistics Providers

Healthcare Institutions

Biotechnology Companies

Pharmaceutical Distributors

Logistics and Supply Chain Management Firms

Players Mentioned in the Report:

VIETPHAT Group

Cold Storage THANG LOI

TransContinental

Vinamilk

CJ Logistics

DHL Supply Chain

Kuehne + Nagel

DB Schenker

Maersk Logistics

Nippon Express

APL Logistics

Yusen Logistics

Gemadept Corporation

Saigon Newport Corporation

Vinalines Logistics

Table of Contents

Market Assessment Phase

1. Executive Summary and Approach


2. Vietnam Cold Chain & Pharma Logistics Market Overview

2.1 Key Insights and Strategic Recommendations

2.2 Vietnam Cold Chain & Pharma Logistics Market Overview

2.3 Definition and Scope

2.4 Evolution of Market Ecosystem

2.5 Timeline of Key Regulatory Milestones

2.6 Value Chain & Stakeholder Mapping

2.7 Business Cycle Analysis

2.8 Policy & Incentive Landscape


3. Vietnam Cold Chain & Pharma Logistics Market Analysis

3.1 Growth Drivers

3.1.1 Increasing Demand for Pharmaceuticals
3.1.2 Expansion of E-commerce in Healthcare
3.1.3 Government Initiatives for Healthcare Improvement
3.1.4 Rising Consumer Awareness of Product Quality

3.2 Market Challenges

3.2.1 Inadequate Infrastructure
3.2.2 High Operational Costs
3.2.3 Regulatory Compliance Issues
3.2.4 Limited Skilled Workforce

3.3 Market Opportunities

3.3.1 Technological Advancements in Logistics
3.3.2 Growth of Biopharmaceuticals
3.3.3 Investment in Cold Chain Infrastructure
3.3.4 Partnerships with Global Logistics Providers

3.4 Market Trends

3.4.1 Adoption of IoT in Cold Chain Management
3.4.2 Shift Towards Sustainable Practices
3.4.3 Increasing Use of Automation
3.4.4 Focus on Real-Time Tracking Solutions

3.5 Government Regulation

3.5.1 Compliance with WHO Guidelines
3.5.2 Implementation of National Cold Chain Standards
3.5.3 Regulations on Temperature Control
3.5.4 Licensing Requirements for Logistics Providers

4. SWOT Analysis


5. Stakeholder Analysis


6. Porter's Five Forces Analysis


7. Vietnam Cold Chain & Pharma Logistics Market Market Size, 2019-2024

7.1 By Value

7.2 By Volume

7.3 By Average Selling Price


8. Vietnam Cold Chain & Pharma Logistics Market Segmentation

8.1 By Type

8.1.1 Refrigerated Transport
8.1.2 Cold Storage
8.1.3 Refrigerated Warehousing
8.1.4 Refrigerated Distribution
8.1.5 Transportation Management Systems

8.2 By Application

8.2.1 Food and Beverages
8.2.2 Pharmaceuticals
8.2.3 Chemicals
8.2.4 Biotechnology
8.2.5 Others

8.3 By Temperature Range

8.3.1 Chilled (2-8°C)
8.3.2 Frozen (-20°C)
8.3.3 Ultra-Low Temperature (-80°C)
8.3.4 Ambient (15-25°C)

8.4 By Service Type

8.4.1 Transportation Services
8.4.2 Warehousing Services
8.4.3 Monitoring Services
8.4.4 Packaging Solutions

8.5 By End-User

8.5.1 Pharmaceutical Companies
8.5.2 Healthcare Providers
8.5.3 Food Processing Companies
8.5.4 Biotechnology Firms
8.5.5 Clinical Research Organizations

8.6 By Distribution Channel

8.6.1 Direct Distribution
8.6.2 Third-Party Logistics
8.6.3 E-commerce Platforms
8.6.4 Retail Distribution

8.7 By Geography

8.7.1 Ho Chi Minh City
8.7.2 Hanoi
8.7.3 Da Nang
8.7.4 Other Regions

9. Vietnam Cold Chain & Pharma Logistics Market Competitive Analysis

9.1 Market Share of Key Players

9.2 Cross Comparison of Key Players

9.2.1 Cold Storage Capacity (Square Meters)
9.2.2 Fleet Size (Number of Temperature-Controlled Vehicles)
9.2.3 Revenue Growth Rate (CAGR %)
9.2.4 Geographic Coverage (Number of Provinces Served)
9.2.5 Temperature Monitoring Compliance Rate (%)
9.2.6 On-Time Delivery Performance (%)
9.2.7 Cold Chain Infrastructure Investment (USD Million)
9.2.8 Pharmaceutical Certification Status
9.2.9 Average Storage Utilization Rate (%)
9.2.10 Customer Retention Rate (%)

9.3 SWOT Analysis of Top Players

9.4 Pricing Analysis

9.5 Detailed Profile of Major Companies

9.5.1 VIETPHAT Group
9.5.2 Cold Storage THANG LOI
9.5.3 TransContinental
9.5.4 Vinamilk
9.5.5 CJ Logistics
9.5.6 DHL Supply Chain
9.5.7 Kuehne + Nagel
9.5.8 DB Schenker
9.5.9 Maersk Logistics
9.5.10 Nippon Express
9.5.11 APL Logistics
9.5.12 Yusen Logistics
9.5.13 Gemadept Corporation
9.5.14 Saigon Newport Corporation
9.5.15 Vinalines Logistics

10. Vietnam Cold Chain & Pharma Logistics Market End-User Analysis

10.1 Procurement Behavior of Key Ministries

10.1.1 Ministry of Health
10.1.2 Ministry of Industry and Trade
10.1.3 Ministry of Agriculture and Rural Development

10.2 Corporate Spend on Infrastructure & Energy

10.2.1 Investment in Cold Storage Facilities
10.2.2 Budget Allocation for Logistics Services
10.2.3 Expenditure on Technology Upgrades

10.3 Pain Point Analysis by End-User Category

10.3.1 Pharmaceuticals
10.3.2 Healthcare Providers
10.3.3 Food and Beverage Sector

10.4 User Readiness for Adoption

10.4.1 Awareness of Cold Chain Importance
10.4.2 Training and Skill Development Needs
10.4.3 Technology Adoption Barriers

10.5 Post-Deployment ROI and Use Case Expansion

10.5.1 Measurement of Cost Savings
10.5.2 Expansion into New Markets
10.5.3 Improvement in Service Delivery

11. Vietnam Cold Chain & Pharma Logistics Market Future Size, 2025-2030

11.1 By Value

11.2 By Volume

11.3 By Average Selling Price


Go-To-Market Strategy Phase

1. Whitespace Analysis + Business Model Canvas

1.1 Market Gaps Identification

1.2 Value Proposition Development

1.3 Revenue Streams Analysis

1.4 Key Partnerships Exploration

1.5 Cost Structure Assessment

1.6 Customer Segmentation

1.7 Channels of Distribution


2. Marketing and Positioning Recommendations

2.1 Branding Strategies

2.2 Product USPs

2.3 Target Market Identification

2.4 Communication Strategy

2.5 Digital Marketing Approaches


3. Distribution Plan

3.1 Urban Retail Strategies

3.2 Rural NGO Tie-ups

3.3 Logistics Partnerships

3.4 Distribution Channel Optimization


4. Channel & Pricing Gaps

4.1 Underserved Routes

4.2 Pricing Bands Analysis

4.3 Competitor Pricing Strategies

4.4 Customer Willingness to Pay


5. Unmet Demand & Latent Needs

5.1 Category Gaps Identification

5.2 Consumer Segments Analysis

5.3 Emerging Trends Exploration

5.4 Future Demand Projections


6. Customer Relationship

6.1 Loyalty Programs

6.2 After-sales Service Enhancements

6.3 Customer Feedback Mechanisms

6.4 Relationship Management Strategies


7. Value Proposition

7.1 Sustainability Initiatives

7.2 Integrated Supply Chains

7.3 Cost Efficiency Strategies

7.4 Customer-Centric Approaches


8. Key Activities

8.1 Regulatory Compliance

8.2 Branding Initiatives

8.3 Distribution Setup

8.4 Training and Development


9. Entry Strategy Evaluation

9.1 Domestic Market Entry Strategy

9.1.1 Product Mix Considerations
9.1.2 Pricing Band Strategy
9.1.3 Packaging Innovations

9.2 Export Entry Strategy

9.2.1 Target Countries Identification
9.2.2 Compliance Roadmap Development

10. Entry Mode Assessment

10.1 Joint Ventures

10.2 Greenfield Investments

10.3 Mergers & Acquisitions

10.4 Distributor Model Evaluation


11. Capital and Timeline Estimation

11.1 Capital Requirements Analysis

11.2 Timelines for Implementation


12. Control vs Risk Trade-Off

12.1 Ownership Considerations

12.2 Partnership Dynamics


13. Profitability Outlook

13.1 Breakeven Analysis

13.2 Long-term Sustainability Strategies


14. Potential Partner List

14.1 Distributors Identification


Research Methodology

ApproachModellingSample

Phase 1: Approach1

Desk Research

  • Analysis of government reports on cold chain infrastructure and pharmaceutical logistics in Vietnam
  • Review of industry publications and market reports from logistics associations
  • Examination of trade statistics and import/export data related to temperature-sensitive pharmaceuticals

Primary Research

  • Interviews with logistics managers at major pharmaceutical companies operating in Vietnam
  • Surveys with cold chain service providers to understand operational challenges and market dynamics
  • Field interviews with regulatory bodies to gather insights on compliance and standards in pharma logistics

Validation & Triangulation

  • Cross-validation of findings through multiple data sources including industry reports and expert opinions
  • Triangulation of market size estimates using both qualitative and quantitative data
  • Sanity checks through expert panel discussions to ensure data reliability and relevance

Phase 2: Market Size Estimation1

Top-down Assessment

  • Estimation of the overall logistics market size in Vietnam and its allocation to cold chain and pharma segments
  • Analysis of growth trends in the pharmaceutical sector and its impact on logistics demand
  • Incorporation of government initiatives aimed at improving cold chain infrastructure

Bottom-up Modeling

  • Collection of operational data from leading cold chain logistics providers in Vietnam
  • Estimation of costs associated with temperature-controlled transportation and storage
  • Volume and cost analysis based on pharmaceutical product categories and distribution channels

Forecasting & Scenario Analysis

  • Development of forecasting models based on historical growth rates and market trends
  • Scenario analysis considering regulatory changes and technological advancements in logistics
  • Projections for market growth through 2030 under various economic conditions

Phase 3: CATI Sample Composition1

Scope Item/SegmentSample SizeTarget Respondent Profiles
Pharmaceutical Distribution Logistics60Logistics Managers, Supply Chain Directors
Cold Chain Service Providers50Operations Managers, Business Development Heads
Regulatory Compliance in Pharma Logistics40Compliance Officers, Quality Assurance Managers
Temperature-Controlled Storage Facilities40Facility Managers, Technical Directors
Pharmaceutical Retail Logistics45Retail Operations Managers, Inventory Control Specialists

Frequently Asked Questions

What is the current value of the Vietnam Cold Chain & Pharma Logistics Market?

The Vietnam Cold Chain & Pharma Logistics Market is valued at approximately USD 1.2 billion, driven by the increasing demand for temperature-sensitive products in the pharmaceutical and food sectors, as well as the growth of e-commerce and retail channels.

What are the key growth drivers for the Vietnam Cold Chain & Pharma Logistics Market?

Which cities are the main hubs for cold chain logistics in Vietnam?

What government initiatives support the cold chain logistics sector in Vietnam?

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