Just two leading Vietnamese logistics companies are able to compete with their foreign peers in Vietnam. While one operates more quietly, the other is ambitiously aiming to go beyond “end-point delivery” and fully integrate into the modern logistics supply chain. According to GII Global Information, Vietnam’s cargo transport and logistics market is estimated to reach US$43.38 billion this year, with projections to grow to US$65.34 billion by 2029, reflecting a compound annual growth rate (CAGR) of 6.19% in the 2024-2029 period. In the fast mail and parcel delivery sector alone, the market is valued at VND58.9 trillion (about US$2.45 billion), according to data from Viet Data. Despite the presence of over 3,000 logistics and transport companies in Vietnam, the market is dominated by global giants such as DHL, FedEx and Maersk, which collectively make up three-fourths of the sector’s revenue. In the ocean shipping segment, only a few domestic companies, like Vinalines and PV Trans, are able to compete with foreign players. In logistics, VNPost and Viettel Post remain the key Vietnamese competitors. Facing tough logistics competition The logistics sector in Vietnam offers significant opportunities for both investors and businesses, according to a report by Hong Kong law firm Dezan […]