Vietnam E-Commerce Last-Mile Delivery Platforms Market
Description
Vietnam E-Commerce Last-Mile Delivery Platforms Market Overview
The Vietnam E-Commerce Last-Mile Delivery Platforms Market is valued at approximately USD 1.6 billion, based on a five-year historical analysis. This growth is primarily driven by the rapid expansion of e-commerce, increasing internet and smartphone penetration, and a growing consumer preference for online shopping. The surge in demand for efficient and timely delivery services has further propelled the market, as businesses strive to enhance customer satisfaction and loyalty. Key trends include the adoption of real-time tracking, integration of digital payments, and the emergence of green logistics and micro-fulfillment centers to meet evolving consumer expectations .
Key cities dominating this market include Ho Chi Minh City, Hanoi, and Da Nang. These urban centers are characterized by high population density, robust economic activities, and a significant number of e-commerce transactions. The concentration of logistics infrastructure, adoption of technology platforms, and the presence of major e-commerce fulfillment hubs in these cities contribute to their dominance in the last-mile delivery sector .
In 2023, the Vietnamese government implemented regulations to enhance the efficiency of last-mile delivery services. The Ministry of Industry and Trade issued Circular No. 21/2022/TT-BCT, which provides a framework for e-commerce logistics, mandating that delivery companies comply with service standards, operational guidelines, and consumer protection requirements. This regulation covers operational transparency, minimum service quality, and data reporting obligations for logistics providers in the e-commerce sector .
Vietnam E-Commerce Last-Mile Delivery Platforms Market Segmentation
By Type:
The market can be segmented into various types of delivery services, including Standard Delivery, Express Delivery, Same-Day Delivery, Scheduled Delivery, Curbside Pickup, Return Services, and Others. Each of these segments caters to different consumer needs and preferences, influencing their market share and growth potential. Standard Delivery remains the most widely used for non-urgent shipments, while Express and Same-Day Delivery are gaining traction in metropolitan areas due to rising demand for speed and convenience. Scheduled Delivery and Curbside Pickup are increasingly adopted by omnichannel retailers to enhance flexibility and customer experience .
The Standard Delivery segment is currently the leading sub-segment in the market, primarily due to its cost-effectiveness and reliability. Many consumers prefer this option for non-urgent deliveries, as it balances affordability with reasonable delivery times. The Express Delivery segment follows closely, driven by the increasing demand for faster service, particularly among urban consumers who prioritize convenience. The Same-Day Delivery segment is also gaining traction, especially in metropolitan areas where consumers expect immediate fulfillment of their online orders. Scheduled Delivery and Curbside Pickup are increasingly offered by omnichannel retailers to enhance flexibility and customer experience .
By End-User:
The market can be segmented into B2C (Business to Consumer), B2B (Business to Business), and C2C (Consumer to Consumer). Each segment serves distinct customer bases and has unique delivery requirements, influencing the overall market dynamics. B2C dominates due to the proliferation of e-commerce platforms and rising online shopper numbers. B2B is significant for inventory and distribution logistics, while C2C is expanding with the growth of peer-to-peer selling and social commerce .
The B2C segment dominates the market, driven by the rapid growth of e-commerce platforms and the increasing number of online shoppers. Consumers are increasingly opting for home delivery services, which has led to a surge in demand for last-mile delivery solutions. The B2B segment is also significant, as businesses require reliable logistics for inventory management and distribution. The C2C segment, while smaller, is growing due to the rise of peer-to-peer selling platforms and social commerce .
Vietnam E-Commerce Last-Mile Delivery Platforms Market Competitive Landscape
The Vietnam E-Commerce Last-Mile Delivery Platforms Market is characterized by a dynamic mix of regional and international players. Leading participants such as Giao Hàng Nhanh (GHN), GrabExpress, Viettel Post, J&T Express, Ninja Van, Shopee Xpress, DHL eCommerce, Lazada Logistics, Vietnam Post (VNPost), BEST Express, AhaMove, TikiNOW, Gojek Vietnam, FastGo, and Lalamove contribute to innovation, geographic expansion, and service delivery in this space .
Giao Hàng Nhanh (GHN)
2013
Ho Chi Minh City, Vietnam
GrabExpress
2012
Singapore
Viettel Post
1997
Hanoi, Vietnam
J&T Express
2015
Jakarta, Indonesia
Ninja Van
2014
Singapore
Company
Establishment Year
Headquarters
Group Size (Large, Medium, or Small as per industry convention)
Annual Delivery Volume (Parcels/Shipments)
Market Share (%)
Customer Satisfaction Rate (NPS or Equivalent)
Average Delivery Time (Hours/Days)
On-Time Delivery Rate (%)
Vietnam E-Commerce Last-Mile Delivery Platforms Market Industry Analysis
Growth Drivers
Increasing Internet Penetration:
As of future, Vietnam's internet penetration rate is projected to reach
78%
, with approximately
78 million users
accessing online services. This surge in connectivity facilitates e-commerce growth, enabling consumers to shop online conveniently. The World Bank reports that the digital economy in Vietnam is expected to contribute
USD 29 billion
to the GDP, highlighting the critical role of internet access in driving last-mile delivery services.
Rise in Smartphone Usage:
By future, Vietnam is anticipated to have over
67 million smartphone users
, representing a significant increase from previous years. This trend is crucial for e-commerce, as mobile devices account for
74%
of online transactions. The International Telecommunication Union indicates that mobile internet usage is growing at an annual rate of
15%
, further enhancing the demand for efficient last-mile delivery solutions tailored for mobile shoppers.
Growth of Online Retail:
The online retail market in Vietnam is projected to reach
USD 20.5 billion
, driven by a rapid annual growth rate. This expansion is fueled by changing consumer preferences, with
about 60%
of consumers opting for online shopping due to convenience. The Vietnam E-Commerce Association reports that the number of online retailers has increased significantly, creating a robust demand for last-mile delivery services to meet consumer expectations.
Market Challenges
Infrastructure Limitations:
Vietnam's logistics infrastructure faces significant challenges, with only
about 30%
of roads meeting international standards. This inadequacy leads to delays and increased costs in last-mile delivery. The Ministry of Transport indicates that urban areas experience traffic congestion, which can increase delivery times by up to
40%
. These infrastructure issues hinder the efficiency of delivery services, impacting customer satisfaction and operational costs.
High Competition Among Delivery Services:
The last-mile delivery sector in Vietnam is highly competitive, with over
100 active players
vying for market share. This saturation leads to price wars, driving down profit margins. According to industry reports, delivery costs have decreased by
about 15%
in the past year due to competitive pressures. As a result, companies must innovate and differentiate their services to maintain profitability in this challenging environment.
Vietnam E-Commerce Last-Mile Delivery Platforms Market Future Outlook
The future of Vietnam's e-commerce last-mile delivery market appears promising, driven by technological advancements and evolving consumer expectations. As urbanization continues, the demand for efficient delivery solutions will rise, particularly for same-day services. Companies are likely to invest in automation and AI to streamline operations, enhance customer experiences, and reduce costs. Additionally, partnerships with local businesses will become increasingly vital, enabling delivery platforms to expand their reach and improve service quality in diverse markets.
Market Opportunities
Expansion of E-Commerce Platforms:
The rapid growth of e-commerce platforms presents a significant opportunity for last-mile delivery services. With
over 60%
of consumers preferring online shopping, delivery companies can capitalize on this trend by offering tailored solutions that meet the specific needs of various e-commerce businesses, enhancing their service offerings and customer satisfaction.
Technological Advancements in Logistics:
Innovations in logistics technology, such as AI-driven route optimization and real-time tracking, offer substantial opportunities for improving delivery efficiency. By adopting these technologies, last-mile delivery services can reduce operational costs and enhance customer experiences, positioning themselves competitively in a rapidly evolving market landscape.
Please Note: It will take 5-7 business days to complete the report upon order confirmation.
The Vietnam E-Commerce Last-Mile Delivery Platforms Market is valued at approximately USD 1.6 billion, based on a five-year historical analysis. This growth is primarily driven by the rapid expansion of e-commerce, increasing internet and smartphone penetration, and a growing consumer preference for online shopping. The surge in demand for efficient and timely delivery services has further propelled the market, as businesses strive to enhance customer satisfaction and loyalty. Key trends include the adoption of real-time tracking, integration of digital payments, and the emergence of green logistics and micro-fulfillment centers to meet evolving consumer expectations .
Key cities dominating this market include Ho Chi Minh City, Hanoi, and Da Nang. These urban centers are characterized by high population density, robust economic activities, and a significant number of e-commerce transactions. The concentration of logistics infrastructure, adoption of technology platforms, and the presence of major e-commerce fulfillment hubs in these cities contribute to their dominance in the last-mile delivery sector .
In 2023, the Vietnamese government implemented regulations to enhance the efficiency of last-mile delivery services. The Ministry of Industry and Trade issued Circular No. 21/2022/TT-BCT, which provides a framework for e-commerce logistics, mandating that delivery companies comply with service standards, operational guidelines, and consumer protection requirements. This regulation covers operational transparency, minimum service quality, and data reporting obligations for logistics providers in the e-commerce sector .
Vietnam E-Commerce Last-Mile Delivery Platforms Market Segmentation
By Type:
The market can be segmented into various types of delivery services, including Standard Delivery, Express Delivery, Same-Day Delivery, Scheduled Delivery, Curbside Pickup, Return Services, and Others. Each of these segments caters to different consumer needs and preferences, influencing their market share and growth potential. Standard Delivery remains the most widely used for non-urgent shipments, while Express and Same-Day Delivery are gaining traction in metropolitan areas due to rising demand for speed and convenience. Scheduled Delivery and Curbside Pickup are increasingly adopted by omnichannel retailers to enhance flexibility and customer experience .
The Standard Delivery segment is currently the leading sub-segment in the market, primarily due to its cost-effectiveness and reliability. Many consumers prefer this option for non-urgent deliveries, as it balances affordability with reasonable delivery times. The Express Delivery segment follows closely, driven by the increasing demand for faster service, particularly among urban consumers who prioritize convenience. The Same-Day Delivery segment is also gaining traction, especially in metropolitan areas where consumers expect immediate fulfillment of their online orders. Scheduled Delivery and Curbside Pickup are increasingly offered by omnichannel retailers to enhance flexibility and customer experience .
By End-User:
The market can be segmented into B2C (Business to Consumer), B2B (Business to Business), and C2C (Consumer to Consumer). Each segment serves distinct customer bases and has unique delivery requirements, influencing the overall market dynamics. B2C dominates due to the proliferation of e-commerce platforms and rising online shopper numbers. B2B is significant for inventory and distribution logistics, while C2C is expanding with the growth of peer-to-peer selling and social commerce .
The B2C segment dominates the market, driven by the rapid growth of e-commerce platforms and the increasing number of online shoppers. Consumers are increasingly opting for home delivery services, which has led to a surge in demand for last-mile delivery solutions. The B2B segment is also significant, as businesses require reliable logistics for inventory management and distribution. The C2C segment, while smaller, is growing due to the rise of peer-to-peer selling platforms and social commerce .
Vietnam E-Commerce Last-Mile Delivery Platforms Market Competitive Landscape
The Vietnam E-Commerce Last-Mile Delivery Platforms Market is characterized by a dynamic mix of regional and international players. Leading participants such as Giao Hàng Nhanh (GHN), GrabExpress, Viettel Post, J&T Express, Ninja Van, Shopee Xpress, DHL eCommerce, Lazada Logistics, Vietnam Post (VNPost), BEST Express, AhaMove, TikiNOW, Gojek Vietnam, FastGo, and Lalamove contribute to innovation, geographic expansion, and service delivery in this space .
Giao Hàng Nhanh (GHN)
2013
Ho Chi Minh City, Vietnam
GrabExpress
2012
Singapore
Viettel Post
1997
Hanoi, Vietnam
J&T Express
2015
Jakarta, Indonesia
Ninja Van
2014
Singapore
Company
Establishment Year
Headquarters
Group Size (Large, Medium, or Small as per industry convention)
Annual Delivery Volume (Parcels/Shipments)
Market Share (%)
Customer Satisfaction Rate (NPS or Equivalent)
Average Delivery Time (Hours/Days)
On-Time Delivery Rate (%)
Vietnam E-Commerce Last-Mile Delivery Platforms Market Industry Analysis
Growth Drivers
Increasing Internet Penetration:
As of future, Vietnam's internet penetration rate is projected to reach
78%
, with approximately
78 million users
accessing online services. This surge in connectivity facilitates e-commerce growth, enabling consumers to shop online conveniently. The World Bank reports that the digital economy in Vietnam is expected to contribute
USD 29 billion
to the GDP, highlighting the critical role of internet access in driving last-mile delivery services.
Rise in Smartphone Usage:
By future, Vietnam is anticipated to have over
67 million smartphone users
, representing a significant increase from previous years. This trend is crucial for e-commerce, as mobile devices account for
74%
of online transactions. The International Telecommunication Union indicates that mobile internet usage is growing at an annual rate of
15%
, further enhancing the demand for efficient last-mile delivery solutions tailored for mobile shoppers.
Growth of Online Retail:
The online retail market in Vietnam is projected to reach
USD 20.5 billion
, driven by a rapid annual growth rate. This expansion is fueled by changing consumer preferences, with
about 60%
of consumers opting for online shopping due to convenience. The Vietnam E-Commerce Association reports that the number of online retailers has increased significantly, creating a robust demand for last-mile delivery services to meet consumer expectations.
Market Challenges
Infrastructure Limitations:
Vietnam's logistics infrastructure faces significant challenges, with only
about 30%
of roads meeting international standards. This inadequacy leads to delays and increased costs in last-mile delivery. The Ministry of Transport indicates that urban areas experience traffic congestion, which can increase delivery times by up to
40%
. These infrastructure issues hinder the efficiency of delivery services, impacting customer satisfaction and operational costs.
High Competition Among Delivery Services:
The last-mile delivery sector in Vietnam is highly competitive, with over
100 active players
vying for market share. This saturation leads to price wars, driving down profit margins. According to industry reports, delivery costs have decreased by
about 15%
in the past year due to competitive pressures. As a result, companies must innovate and differentiate their services to maintain profitability in this challenging environment.
Vietnam E-Commerce Last-Mile Delivery Platforms Market Future Outlook
The future of Vietnam's e-commerce last-mile delivery market appears promising, driven by technological advancements and evolving consumer expectations. As urbanization continues, the demand for efficient delivery solutions will rise, particularly for same-day services. Companies are likely to invest in automation and AI to streamline operations, enhance customer experiences, and reduce costs. Additionally, partnerships with local businesses will become increasingly vital, enabling delivery platforms to expand their reach and improve service quality in diverse markets.
Market Opportunities
Expansion of E-Commerce Platforms:
The rapid growth of e-commerce platforms presents a significant opportunity for last-mile delivery services. With
over 60%
of consumers preferring online shopping, delivery companies can capitalize on this trend by offering tailored solutions that meet the specific needs of various e-commerce businesses, enhancing their service offerings and customer satisfaction.
Technological Advancements in Logistics:
Innovations in logistics technology, such as AI-driven route optimization and real-time tracking, offer substantial opportunities for improving delivery efficiency. By adopting these technologies, last-mile delivery services can reduce operational costs and enhance customer experiences, positioning themselves competitively in a rapidly evolving market landscape.
Please Note: It will take 5-7 business days to complete the report upon order confirmation.
Table of Contents
83 Pages
- 1. Vietnam E-Commerce Last-Mile Delivery Platforms Market Overview
- 1.1. Definition and Scope
- 1.2. Market Taxonomy
- 1.3. Market Growth Rate
- 1.4. Market Segmentation Overview
- 2. Vietnam E-Commerce Last-Mile Delivery Platforms Market Size (in USD Bn), 2019–2024
- 2.1. Historical Market Size
- 2.2. Year-on-Year Growth Analysis
- 2.3. Key Market Developments and Milestones
- 3. Vietnam E-Commerce Last-Mile Delivery Platforms Market Analysis
- 3.1. Growth Drivers
- 3.1.1. Increasing Internet Penetration
- 3.1.2. Rise in Smartphone Usage
- 3.1.3. Growth of Online Retail
- 3.1.4. Urbanization and Changing Consumer Behavior
- 3.2. Restraints
- 3.2.1. Infrastructure Limitations
- 3.2.2. High Competition Among Delivery Services
- 3.2.3. Regulatory Compliance Issues
- 3.2.4. Last-Mile Delivery Costs
- 3.3. Opportunities
- 3.3.1. Expansion of E-Commerce Platforms
- 3.3.2. Technological Advancements in Logistics
- 3.3.3. Partnerships with Local Businesses
- 3.3.4. Growing Demand for Same-Day Delivery
- 3.4. Trends
- 3.4.1. Adoption of AI and Automation
- 3.4.2. Use of Drones and Robotics
- 3.4.3. Sustainability Initiatives in Delivery
- 3.4.4. Personalization of Delivery Services
- 3.5. Government Regulation
- 3.5.1. E-Commerce Law Compliance
- 3.5.2. Transportation Regulations
- 3.5.3. Data Protection Laws
- 3.5.4. Taxation Policies for E-Commerce
- 3.6. SWOT Analysis
- 3.7. Stakeholder Ecosystem
- 3.8. Competition Ecosystem
- 4. Vietnam E-Commerce Last-Mile Delivery Platforms Market Segmentation, 2024
- 4.1. By Type (in Value %)
- 4.1.1. Standard Delivery
- 4.1.2. Express Delivery
- 4.1.3. Same-Day Delivery
- 4.1.4. Scheduled Delivery
- 4.1.5. Others
- 4.2. By End-User (in Value %)
- 4.2.1. B2C (Business to Consumer)
- 4.2.2. B2B (Business to Business)
- 4.2.3. C2C (Consumer to Consumer)
- 4.3. By Delivery Mode (in Value %)
- 4.3.1. Motorbike Delivery
- 4.3.2. Bicycle Delivery
- 4.3.3. Van Delivery
- 4.3.4. Drone Delivery
- 4.4. By Payment Method (in Value %)
- 4.4.1. Cash on Delivery
- 4.4.2. Online Payment
- 4.4.3. Mobile Wallets
- 4.5. By Geographic Coverage (in Value %)
- 4.5.1. Urban Areas
- 4.5.2. Suburban Areas
- 4.5.3. Rural Areas
- 4.6. By Package Size (in Value %)
- 4.6.1. Small Packages
- 4.6.2. Medium Packages
- 4.6.3. Large Packages
- 5. Vietnam E-Commerce Last-Mile Delivery Platforms Market Cross Comparison
- 5.1. Detailed Profiles of Major Companies
- 5.1.1. Giao Hàng Nhanh (GHN)
- 5.1.2. GrabExpress
- 5.1.3. Viettel Post
- 5.1.4. J&T Express
- 5.1.5. Ninja Van
- 5.2. Cross Comparison Parameters
- 5.2.1. No. of Employees
- 5.2.2. Headquarters
- 5.2.3. Inception Year
- 5.2.4. Revenue
- 5.2.5. Market Share (%)
- 6. Vietnam E-Commerce Last-Mile Delivery Platforms Market Regulatory Framework
- 6.1. Compliance Requirements and Audits
- 6.2. Certification Processes
- 7. Vietnam E-Commerce Last-Mile Delivery Platforms Market Future Size (in USD Bn), 2025–2030
- 7.1. Future Market Size Projections
- 7.2. Key Factors Driving Future Market Growth
- 8. Vietnam E-Commerce Last-Mile Delivery Platforms Market Future Segmentation, 2030
- 8.1. By Type (in Value %)
- 8.2. By End-User (in Value %)
- 8.3. By Delivery Mode (in Value %)
- 8.4. By Payment Method (in Value %)
- 8.5. By Geographic Coverage (in Value %)
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