Vietnam Logistics Market Size, Share & Growth Forecast (2025-2034)

Vietnam Logistics Market Outlook

According to the report by Expert Market Research (EMR), the Vietnam logistics market attained a value of USD 80.65 billion in 2024. Aided by robust economic growth, expanding international trade, and the increasing integration of Vietnam into global supply chains, the market is projected to grow at a CAGR of 6.40% between 2025 and 2034, reaching approximately USD 149.98 billion by 2034. Over the past decade, Vietnam has emerged as one of the most dynamic logistics hubs in Southeast Asia, supported by its strategic geographic position, a rapidly growing manufacturing sector, and substantial government investments in transport infrastructure.

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The logistics industry in Vietnam encompasses a broad range of services, including freight transportation, warehousing, distribution, customs brokerage, and supply chain management. The sector plays a vital role in facilitating trade, supporting industrial activities, and enhancing the competitiveness of domestic and international businesses operating within the country.

Vietnam Logistics Market Size and Share

The Vietnam logistics market has witnessed substantial expansion in recent years, driven by increasing demand for efficient supply chain solutions across various industries such as manufacturing, retail, agriculture, and e-commerce. With a market value of USD 80.65 billion in 2024, logistics contributes significantly to Vietnam's GDP, accounting for an estimated 4-5% of national economic output.

Vietnam's strategic location along major maritime trade routes has enabled the logistics sector to hold a growing share of regional logistics activity. The country's export-driven economy, particularly in electronics, textiles, footwear, and agricultural products, continues to bolster logistics demand. As foreign direct investment (FDI) increases-especially from countries seeking to diversify manufacturing operations away from China-Vietnam's logistics market is capturing a larger share of the ASEAN logistics landscape.

Vietnam Logistics Market Trends

Several emerging trends are shaping the evolution of the Vietnam logistics market:

Rapid Growth of E-commerce Logistics: The surge in online retail, accelerated by rising internet penetration and shifting consumer preferences, is driving demand for last-mile delivery, automated warehouses, and fulfilment centers. Major e-commerce platforms are investing in logistics networks to enhance delivery speed and efficiency.

Shift Toward Green Logistics: Sustainability has become a priority, prompting logistics companies to adopt eco-friendly practices such as adopting electric vehicles, optimising route planning, and implementing energy-efficient warehousing systems.

Integration of Digital Technologies: The adoption of advanced technologies-such as IoT-enabled fleet management, blockchain-based supply chain solutions, and AI-driven forecasting-has strengthened operational transparency and efficiency.

Expansion of Cold Chain Logistics: Rising demand for pharmaceuticals, frozen foods, and fresh produce has increased the need for reliable cold storage and temperature-controlled transportation.

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Drivers of Growth

The Vietnam logistics market is being propelled by several key growth drivers, including:

Strong Economic and Industrial Expansion: Vietnam's consistent GDP growth, rising manufacturing output, and expanding industrial zones have created a favourable environment for logistics growth. The country has become a leading global manufacturing base for electronics and consumer goods.

Rising Trade Activities: As a signatory to multiple free trade agreements (FTAs), including CPTPP, EVFTA, and RCEP, Vietnam enjoys improved market access and reduced trade barriers, boosting import-export volume and logistics activities.

Infrastructure Development: Large-scale projects involving ports, airports, highways, and special economic zones have enhanced Vietnam's logistics capabilities. Notable investments include the Long Thanh International Airport and expansions at major ports such as Hai Phong and Cai Mep-Thi Vai.

Growth of the Middle Class and Consumption: A rising middle-income population is driving demand for retail goods, fast-moving consumer products, and e-commerce services, all of which require efficient logistics networks.

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

While the Vietnam logistics market shows promising growth, several challenges persist:

Challenges

High logistics costs, driven by fragmented transportation networks and limited intermodal connectivity.

Administrative bottlenecks, including time-consuming customs procedures and inconsistent regulatory frameworks.

Infrastructure constraints in certain regions, particularly regarding road congestion and limited cold chain capacity.

Shortage of skilled labour, especially in supply chain management and technical logistics roles.

Opportunities

Expansion of cross-border logistics, particularly with neighbouring countries such as China, Laos, and Cambodia.

Growth in cold chain logistics, supported by rising demand for pharmaceuticals and high-quality food products.

Investment in smart logistics and digital platforms, offering opportunities for technology providers and logistics firms.

Development of integrated logistics hubs to streamline freight movements and reduce operational inefficiencies.

Increased FDI in manufacturing, which naturally boosts demand for supporting logistics services.

Vietnam Logistics Market Forecast

Looking ahead, the Vietnam logistics market is poised to experience robust expansion, driven by favourable economic conditions, strategic infrastructure development, and increasing digitalisation. By 2034, the market is expected to reach USD 149.98 billion, supported by greater trade liberalisation, rising consumption, and continued industrial growth. Technological innovation, combined with government initiatives to modernise the supply chain, will further enhance the efficiency and competitiveness of the logistics sector.

As businesses increasingly prioritise resilience, sustainability, and digital transformation, Vietnam's logistics market is well-positioned to evolve into a leading logistics hub within the Asia-Pacific region. Investments in multimodal transport, green logistics, and smart infrastructure will be critical to supporting long-term growth and unlocking new opportunities for domestic and international stakeholders.

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