# Vietnam Logistics Market (2022-2027) --- ## Report Summary The Vietnam Logistics Market worth USD 60.40 billion in 2022 is projected to reach USD 87.90 billion by 2027, growing at a CAGR of 7.80% during 2022-2027. --- ## Vietnam Logistics Market Table of Contents Table of Contents - 1. Executive Summary - 1.1. Executive Summary: Overview of Vietnam Logistics Market, 2022 - 1.2. Executive Summary: Competitive Scenario in Vietnam Logistics Market - 1.3. Executive Summary: Overview of Vietnam Logistics Market, 2027 - 2. Country Overview of Vietnam - 2.1. Country Profile of Vietnam - 3. Infrastructural Overview of Vietnam - 3.1. Cross-Comparison of Logistic Sector of ASEAN Countries - 3.2. Overview of Transport Infrastructure in Vietnam - 4. Overview of Logistics Market in Vietnam - 4.1. Ecosystem: Vietnam Logistics Market - 4.2. Value Chain of Vietnam Logistics Market - 4.3. Market Size of Vietnam Logistics Market, 2017-22 - 5. Industry Analysis of Vietnam Logistics Market - 5.1. SWOT Analysis of Logistics Market - 5.2. Growth Drivers of Logistics Market - 5.3. Plans for the development of Logistics sector by the Government of Vietnam - 5.4. Barriers in Vietnam Logistics Market - 6. Future Outlook and Projections of Vietnam Logistics Market, 2022-2027 - 6.1. Future Market Sizing Analysis - 7. Overview of Vietnam Freight Forwarding Market - 7.1. Executive Summary: Vietnam Freight Forwarding Market - 7.2. Ecosystem of Vietnam Freight Forwarding Market - 7.3. Business Cycle of Vietnam Freight Forwarding Market - 7.4. Overview of Full Truck Load and Less than Truck Load - 8. Market Sizing and Segmentations of Vietnam Freight Forwarding Market - 8.1. Market Size of Freight Forwarding Sector, 2017-2022 - 8.2. By Mode of Freight, 2022 - 8.3. By Type of Operator, 2022 - 8.4. By End Users of Land Freight, 2022 - 8.5. By End Users of Sea and Air Freight, 2022 - 9. Industry Analysis of Freight Forwarding Market in Vietnam - 9.1. Trends and Developments of Freight Forwarding Market - 9.2. Technological Advancements in the segment - 9.3. Government Rules and Regulations - 9.4. Issues and Challenges in the market - 10. Future Outlook and Projections of Vietnam Freight Forwarding Market, 2022-2027 - 10.1. Future Market Sizing Analysis - 10.2. By Mode of Freight, 2027 - 10.3. By Type of Operator, 2027 - 10.4. By End Users, 2027 - 11. Overview of Vietnam Warehouse Market - 11.1. Executive Summary: Vietnam Warehouse Market - 11.2. Ecosystem of Vietnam Warehouse Market - 11.3. Business Cycle of Vietnam Warehouse Market - 12. Market Sizing and Segmentations of Vietnam Warehouse Market - 12.1. Market Size of Warehouse, 2017-2022 - 12.2. By Type of Warehousing, 2022 - 12.3. By Warehouse Location, 2022 - 12.4. By End User Segmentation, 2022 - 13. Industry Analysis of Warehouse Market in Vietnam - 14. Future Market Sizing and Segmentations of Warehouse Market - 15. Research Methodology - 16. Disclaimer - 17. Contact Us --- ## Vietnam Logistics Market Overview Vietnam Logistics Market Highlights 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. *The Vietnam Logistics market is valued at 60.4 USD Bn in 2022 and is expected to reach 87.9 USD Bn in 2027.* --- ## Vietnam Logistics Market Definition ### 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 | ID | Parent ID | Label | | --- | --- | --- | | 1 | | Vietnam Logistics Market | | 2 | 1 | Industry Verticals | | 3 | 2 | Manufacturing | | 4 | 2 | Retail | | 5 | 2 | Automotive | | 6 | 2 | Electronics | | 7 | 2 | Agriculture | | 8 | 2 | Pharmaceuticals | | 9 | 1 | Logistics Services | | 10 | 9 | Freight Forwarding | | 11 | 9 | Warehousing | | 12 | 9 | Distribution | | 13 | 9 | Customs Clearance | | 14 | 9 | Transportation (Road, Rail, Air) | | 15 | 9 | Last-Mile Delivery | | 16 | 1 | Infrastructure | | 17 | 16 | Seaports | | 18 | 16 | Airports | | 19 | 16 | Inland Ports | | 20 | 16 | Road Network | | 21 | 16 | Railways | | 22 | 1 | Market Players | | 23 | 22 | Domestic Companies | | 24 | 22 | International Corporations | | 25 | 22 | State-Owned Enterprises | | 26 | 22 | Small and Medium Enterprises (SMEs) | | 27 | 1 | Technologies | | 28 | 27 | Warehouse Management Systems (WMS) | | 29 | 27 | Transportation Management Systems (TMS) | | 30 | 27 | RFID and GPS Tracking | | 31 | 27 | Cloud Computing | | 32 | 27 | Artificial Intelligence (AI) | | 33 | 27 | Blockchain | --- ## Vietnam Logistics Market Ecosystem ### Market Ecosystem **Ecosystem of Vietnam Logistics Market** The Vietnamese logistics market operates within a well-established ecosystem comprised of domestic and international stakeholders. Local logistics providers collaborate effectively with international freight forwarders, shipping lines, warehouse operators, and transportation firms to facilitate the seamless movement of goods throughout the country and across borders. The government actively supports this ecosystem through initiatives such as infrastructure development outlined in Vision 2030, with a focus on road and railway expansion. Additionally, government policies encourage e-commerce growth, fostering an overall more efficient logistics landscape. Further contributing to the dynamism of this ecosystem are technology providers offering innovative solutions that leverage Internet of Things (IoT), Artificial Intelligence (AI), and data analytics to streamline operations and optimize transportation routes. Buoyed by Vietnam's burgeoning economy, the flourishing e-commerce sector, and the "China Plus One" strategy, the Vietnamese logistics market presents a compelling and growth-oriented environment for all participants. --- ## 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 **Vietnam Freight Forwarding Market by Mode of Freight (value in USD Bn), 2022** 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 Freight Forwarding Market by Type of Operators (value in USD Bn), 2022 The Vietnam freight forwarding market is segmented by end-use into retail, oil & gas, e-commerce, pharmaceuticals, and others in 2022. The retail sector dominates the market with a 40% share, driven by strong domestic consumption and the expansion of organized retail formats. This is followed by the oil and gas sector at 12% and e-commerce at 9%, while pharma and other industries together account for around 15% of the market. Both local and international retailers in Vietnam are competing aggressively by expanding across commercial centers, supermarkets, grocery stores, and convenience outlets, largely relying on land-based freight networks. E-commerce remains one of the fastest-growing segments, contributing nearly 9% of land freight demand and generating approximately USD 3.7 billion in revenue, supported by rising online shopping penetration and last-mile delivery requirements. --- ## Vietnam Logistics Market Company Profiles | Year | Company | Description | | --- | --- | --- | | 1990 | Gemadept Corporation | 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. | | 1904 | Maersk | 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. | | 1890 | Kuehne Nagel | 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. | | 1999 | Itl | 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. | | 2005 | Vietnam Post Co. | 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 Logistics Future Market Size ### Vietnam Logistics Future Market Size (By value in USD Bn), 2022-2027 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 Macroeconomic Indicators ### Population of Vietnam, 2014-2022, in Million 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. ### Overview of Land Area in Vietnam (in Sq. Km), 2022 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. ### Major Agricultural region in Vietnam 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. ### Vietnam GDP, 2014-2022, in Bn USD 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 Find quick answers to common questions about the Vietnam Logistics Market **Q: How big is the Vietnam Logistics market?** A: The Vietnam Logistics market is valued at 60.4 USD Bn in 2022 and is expected to reach 87.9 USD Bn in 2027. **Q: Which are the major players in Vietnam Logistics Market?** A: The major players in Vietnam Logistics Market are Vietnam Post, CEVA Logistics, Itl, Maersk etc. **Q: What are the major growth drivers of Vietnam Logistics Market?** A: The major growth drivers of Vietnam Logistics Market are technical advancements, rising demand of ports, funding and Rise of Freight Forwarding and Shift to Low carbon emissions **Q: What is the growth rate of Vietnam Logistics Market?** A: The Vietnam Logistics market is expected to grow with a CAGR if 7.8% during the period 2022-2027.