Vietnam Logistics Market Size, Share and Industry Outlook - 2034

 

Vietnam Logistics Market Outlook

According to the report by Expert Market Research (EMR), the Vietnam logistics market reached a value of USD 80.65 billion in 2024. The Vietnam logistics market size is poised for substantial growth over the coming decade, projected to expand at a compound annual growth rate (CAGR) of 6.40% between 2025 and 2034 to attain a value of USD 149.98 billion by 2034. This growth is underpinned by the country’s strategic geographic location, expanding manufacturing sector, and the rapid adoption of e-commerce and digital technologies. Vietnam’s advantageous positioning along key global shipping routes, combined with favourable trade agreements and rising foreign direct investment, has enhanced its appeal as a logistics and distribution hub in Southeast Asia. As the country continues to improve its infrastructure and streamline logistics-related regulations, the sector is expected to play a pivotal role in supporting Vietnam’s broader economic transformation and integration into global value chains.

Vietnam Logistics Market Trends

One of the most prominent trends driving the Vietnam logistics market is the accelerating growth of e-commerce. With increasing internet penetration and smartphone usage, a larger segment of the population is turning to online platforms for shopping, leading to rising demand for efficient last-mile delivery, fulfilment services, and urban warehousing. Logistics providers are adapting to this change by expanding their networks, leveraging data analytics for route optimisation, and investing in delivery management technologies.

Another notable trend is the ongoing digital transformation within the logistics industry. Companies are integrating advanced technologies such as real-time tracking, artificial intelligence (AI), the Internet of Things (IoT), and cloud-based systems to streamline operations and enhance supply chain visibility. This digital shift is enabling faster deliveries, better inventory management, and improved customer satisfaction, positioning logistics players to meet evolving market expectations.

Sustainability is also emerging as a key trend. As environmental concerns gain prominence, logistics firms are exploring green logistics practices such as the use of electric delivery vehicles, energy-efficient warehouses, and eco-friendly packaging. These initiatives not only reduce carbon emissions but also align companies with global sustainability goals, offering competitive advantages in a market that is becoming increasingly conscious of environmental impact.

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Drivers of Growth

Vietnam’s strategic geographical location is a major driver of its logistics sector. Situated near China and with access to the South China Sea, the country serves as a gateway for trade across the Asia-Pacific region. The presence of deep-water ports, an extensive coastline, and close proximity to regional markets makes Vietnam an ideal location for logistics operations and global supply chain connectivity.

The rapid expansion of the manufacturing sector is another critical growth driver. Vietnam has become a preferred destination for manufacturers looking to diversify their supply chains away from China, thanks to its stable political environment, competitive labour costs, and improved infrastructure. As foreign and domestic manufacturers continue to establish operations in the country, demand for transportation, warehousing, and distribution services is growing rapidly.

Government policies and infrastructure investments are also significantly contributing to Vietnam logistics market growth. Vietnam’s national logistics development strategy includes ambitious targets to modernise transport infrastructure, reduce logistics costs, and improve the overall efficiency of the sector. Major projects such as the North-South Expressway, Long Thanh International Airport, and the expansion of seaport capacity are expected to enhance connectivity and reduce bottlenecks across the logistics network.

In addition, the growth of cold chain logistics is creating new opportunities. With rising demand for fresh produce, seafood, pharmaceuticals, and temperature-sensitive goods, logistics providers are investing in refrigerated transportation and cold storage facilities to maintain product quality throughout the supply chain.

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 growth potential, the Vietnam logistics market faces several challenges. One of the primary issues is the fragmented nature of the industry, with a large number of small and medium-sized logistics firms lacking the capital and technological capabilities to compete with larger players. This fragmentation results in inefficiencies and a lack of standardisation in service quality across the sector.

Infrastructure constraints continue to be a bottleneck. Although significant investments are being made, limitations persist in terms of road connectivity in remote areas, congestion in major cities, and insufficient port and rail infrastructure. These issues can lead to delays and increased costs, particularly in last-mile delivery and rural distribution.

Another significant challenge is the shortage of skilled labour in logistics and supply chain management. As the industry becomes more technology-driven, there is a growing need for professionals with expertise in digital systems, data analytics, and operations planning. Addressing this talent gap will be critical for the sector’s continued development.

On the other hand, opportunities abound. The rise of cross-border trade within ASEAN and beyond, supported by Vietnam’s participation in regional trade agreements, offers new avenues for logistics providers to expand their operations. Cross-border e-commerce is particularly promising, requiring specialised services such as international shipping, customs clearance, and local delivery networks.

The rapid growth of logistics technology startups presents another opportunity. Innovations in freight matching, digital warehousing, and supply chain visibility tools are helping to address inefficiencies and improve operational performance. Venture capital investment in this segment is rising, paving the way for a more dynamic and competitive logistics ecosystem in Vietnam.

Vietnam Logistics Market Forecast

The Vietnam logistics market is expected to experience strong and sustained growth over the forecast period from 2025 to 2034. With an anticipated CAGR of 6.40%, the market is projected to expand from its 2024 value of USD 80.65 billion to reach USD 149.98 billion by 2034. This growth will be driven by rising domestic consumption, increasing industrial production, and the continued boom in e-commerce.

As logistics infrastructure continues to improve, and government policies focus on enhancing sector efficiency, Vietnam is likely to become an even more attractive destination for global trade and supply chain operations. Digitalisation will play a central role in shaping the future of logistics, with technologies such as blockchain, automation, and predictive analytics becoming standard tools in the industry.

Sustainability and environmental considerations will also influence market dynamics, as logistics providers seek to minimise their carbon footprint and align with global environmental standards. The adoption of electric vehicles, energy-efficient warehouses, and renewable energy sources in logistics operations is expected to increase in the coming years.

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