Summary
Explore Vietnam Logistics Market report on USD 60.4 Bn market size and forecast to USD 87.9 Bn by 2027, covering trends, demand, risks, and outlook.
Market Overview
Vietnam Logistics Market Overview
The Vietnam logistics market was valued at USD 60.4 billion in 2022 and is projected to reach USD 87.9 billion by 2027, registering a CAGR of 7.8% during 2022–2027. The market is supported by the presence of key players such as Vietnam Post, CEVA Logistics, ITL, and Maersk, which continue to expand service capabilities across freight forwarding, warehousing, and last-mile delivery. Major growth drivers include technological advancements, rising port activity and infrastructure funding, increased freight forwarding demand, and a growing shift toward low-carbon and sustainable logistics solutions.
Vietnam Logistics Market Definition
Definition of Vietnam Logistics Market: In this report, Vietnam Logistics Market size is calculated based on revenue generated by services provided by Logistics like warehousing, Freight Forwarding and CEP (Courier, express and parcel services), the segmentation for logistics market is available for each service like Warehousing, Freight forwarding and Courier, Express and parcel services. Which further segmented in warehousing, Freight Forwarding market and company profiling of major companies CEP. The report encompasses competitor analysis which includes competition company profiles of major companies like Teisun Logistics and others. It also includes their cross comparison and market share.
Taxonomy
Vietnam Logistics Market Ecosystem
Vietnam Logistics Market Size (By Value, in USD Bn), 2017-2022
The logistics sector is one of the fastest-growing industries in Vietnam, contributing approximately 15% to the country’s GDP. The Vietnam logistics market was valued at USD 45.9 billion in 2017 and expanded to USD 60.4 billion by 2022, growing at a CAGR of 5.7% during 2017–2022. Key revenue-contributing industries include retail, oil & gas, e-commerce, pharmaceuticals, and manufacturing. Market growth has been strongly driven by the surge in e-commerce demand following COVID-19, increased adoption of advanced logistics technologies, and Vietnam’s expanding manufacturing base and overall economic growth, which have collectively accelerated demand for efficient logistics and supply chain services.
Vietnam Logistics Market Segmentation
Vietnam Logistics Market Segmentation by Type of Service Mix (USD Bn in %), 2022
The Vietnam logistics market is segmented into freight forwarding, warehousing, courier–express–parcel (CEP), and value-added services based on revenue in 2022. Among these, freight forwarding dominates the market with an overwhelming 89% share, making it the largest contributor to overall logistics revenues. This dominance is driven by Vietnam’s strategic geographic location, strong export-oriented economy, and rapid growth in international trade. As a key manufacturing and trade hub in Southeast Asia—particularly for textiles, electronics, and consumer goods—Vietnam faces consistently high demand for efficient freight forwarding solutions. Ongoing infrastructure development, expanding port capacity, and a wide range of logistics service offerings further strengthen the role of freight forwarding within the country’s logistics ecosystem.
Vietnam Freight Forwarding Market Segmentation
The freight forwarding market in Vietnam is segmented into road freight, sea freight, and air freight based on mode of transport in 2022. Road freight dominates the segment with a 77.8% market share, followed by sea freight at 19.5% and air freight at 2.7%. The dominance of road freight is driven by its extensive domestic network and its critical role in cross-border trade with China, Laos, Cambodia, and Thailand, despite higher transportation costs. Meanwhile, sea freight remains a cost-effective and efficient option, supported by Vietnam’s 3,444 km coastline and multiple large ports. Nearly 80% of international trade is carried by sea, making it ideal for transporting high-volume cargo that is not time sensitive. Together, these modes reflect Vietnam’s strong trade orientation and the structural importance of road and sea freight within the freight forwarding ecosystem.
Vietnam Logistics Future Market Size
The Vietnam logistics market was valued at USD 60.4 billion in 2022 and is projected to reach USD 87.9 billion by 2027, growing at a CAGR of 7.8% during 2022–2027. Market growth is primarily driven by government initiatives, extensive road infrastructure development across Vietnam, and the rapid modernization of retail and e-commerce sectors. Under the government’s Vision 2030, efforts to strengthen the maritime industry—with a target to increase its contribution to 10% of GDP by 2030—alongside nationwide road connectivity improvements are expected to enhance the efficiency of logistics operations. Additionally, the warehousing segment is witnessing rising adoption of technology and automation, with major players increasingly deploying robotics and advanced systems. The continued expansion of retail, e-commerce, and the automotive sector is creating significant opportunities for contract logistics providers and express delivery players, reinforcing the positive outlook for Vietnam’s logistics market.
Vietnam Logistics Market Company Profiles
| Company Name | Establishment year | Description |
|---|---|---|
Gemadept Corporation | 1990 | Established in 1990, Gemadept Corporation is a major player in Vietnam's Port Operation and Logistics industry. It introduced container services to Vietnam and connected the country to international maritime routes. By 2002, it became one of the first publicly listed companies in Vietnam. Today, Gemadept operates the largest integrated Port and Logistics Ecosystem in the country, handling millions of Teus and Tons of import and export goods annually. With a focus on sustainability and innovation, Gemadept aims to strengthen its global maritime industry presence through advanced technology and strategic development. |
Maersk | 1904 | Maersk's business activities include shipping, port operation, supply chain management and warehousing. The company is based in Copenhagen, Denmark, with subsidiaries and offices across 130 countries and over 100,000 employees worldwide in 2023. It is a publicly traded family business, as the company is controlled by the namesake Møller family through holding companies. The company's 2023 annual revenue was US$51.1 billion. In the 2023 Forbes Global 2000, Møller-Maersk was ranked as the 174th largest public company in the world. |
Kuehne Nagel | 1890 | Kuehne + Nagel International AG (or Kühne + Nagel) is a global transport and logistics company based in Schindellegi, Switzerland. Main owner and operator is Klaus-Michael Kühne via his Kühne Holding and Kühne Foundation. It was founded in 1890, in Bremen, Germany, by August Kühne and Friedrich Nagel. It provides sea freight and airfreight forwarding, contract logistics, and overland businesses. In 2010, Kuehne + Nagel was the leading global freight forwarder, accounting for nearly 15% of the world's air and sea freight business by revenue, ahead of DHL Global Forwarding, DB Schenker Logistics, and Panalpina. |
Itl | 1999 | iTL is a leading logistics company in Vietnam, offering Integrated Logistics, Aviation Services, Warehousing, Freight Management, and Distribution solutions. It caters to diverse industries, ensuring seamless operations and efficiency throughout the supply chain. With a focus on customer satisfaction, iTL delivers reliable services and adapts to emerging trends like e-commerce integration. Committed to professionalism and integrity, iTL aims to remain a trusted partner in Vietnam's evolving logistics industry. |
Vietnam Post Co. | 2005 | Vietnam Post Company is a leading entity in Vietnam's maritime sector, specializing in port operations and management. With strategic locations along the coastline, it efficiently handles cargo and vessels, serving importers, exporters, and shipping firms. Equipped with modern facilities, it manages various cargo types, facilitating international trade and economic growth. Committed to operational excellence, Vietnam Post Company plays a crucial role in the country's maritime network, contributing significantly to its economic development. |
Vietnam Macroeconomic Indicators
The population of Vietnam reached 99.5 million in 2022 as compared to 90.7 million in 2014. The population growth in Vietnam continuously grew at a constant rate in past years.
The total land area in Vietnam was 313,429 Sq. Km in 2022. Out of this total area the agricultural land area is 147,311.6 Sq. Km. and forest area is 123,491.0 Sq. Km.
The major agricultural region in Vietnam is Red River delta and Mekong River Delta. Rice is considered as the most important crop in Vietnam, and it is grown principally in Red and Mekong River Deltas.
The GDP of Vietnam reached USD 408.8 Bn in 2022 from USD233.45 Bn in 2014. The GDP grew with a constant rate throughout the time period 2014-2022.
Frequently Asked Questions
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