The Vietnam freight logistics market was valued at USD 49.40 Billion in 2024. The industry is expected to grow at a CAGR of 5.90% during the forecast period of 2025-2034 to attain a valuation of USD 87.64 Billion by 2034.
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.
Market Segmentation
Vietnam Freight Logistics Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Logistics Function
Courier Express and Parcel
Freight Forwarding
Freight Transport
Warehousing and Storage
Others
Market Breakup by End Use
Agriculture, Fishing, and Forestry
Construction
Manufacturing
Oil and Gas
Mining and Quarrying
Wholesale and Retail Trade
Others
Competitive Landscape
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
T&M FORWARDING Ltd.
Others
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