Market Size of vietnam courier, express, and parcel (cep) Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 1.62 Billion |
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Market Size (2030) | USD 2.53 Billion |
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Largest Share by Destination | Domestic |
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CAGR (2024 - 2030) | 7.76 % |
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Fastest Growing by Destination | International |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Vietnam Courier, Express, and Parcel (CEP) Market Analysis
The Vietnam Courier, Express, and Parcel (CEP) Market size is estimated at 1.62 billion USD in 2024, and is expected to reach 2.53 billion USD by 2030, growing at a CAGR of 7.76% during the forecast period (2024-2030).
1.62 Billion
Market Size in 2024 (USD)
2.53 Billion
Market Size in 2030 (USD)
5.97 %
CAGR (2017-2023)
7.76 %
CAGR (2024-2030)
Fastest Growing Market by Speed of Delivery
8.81 %
Projected CAGR, Express, 2024-2030
The development and addition of new parcel and delivery service centers to existing established regional networks are major contributors to the segment's growth.
Fastest Growing Market by Model
10.09 %
Projected CAGR, Business-to-Consumer (B2C), 2024-2030
The growth of e-commerce and companies moving to set up e-commerce businesses in the region due to economic and global factors have contributed to the segment's growth.
Largest Market by Shipment Weight
53.30 %
value share, Light Weight Shipments, 2023
Delivery demand for groceries, beauty, health, personal care items, toys, and hobby & DIY items is driving the segment's growth.
Largest Market by End User Industry
32.89 %
value share, Manufacturing, 2023
Increasing investments in the manufacturing sector are expected to boost the demand for courier and express services in the country.
First leading Market player
21.22 %
market share, Vietnam Post Corporation (VNPost), 2022
Viettel Post (a member of Viettel Group) operates with nearly 680 large and small post offices, more than 300 delivery agents, and around 1,000 vehicles.
Growth expected in CEP market in the country owing to increase e-commerce adoption and cross-border trade
- The CEP value witnessed positive growth post pandemic wherein domestic CEP value grew about 8.70% YoY in 2022. During the pandemic, in 2020, Giao hàng tiết kiệm accounted for 23.7% of the market share of postal services in Vietnam based on parcels and mails volume, making it the leading company for these services in that year. Established in 2014, Giao hàng tiết kiệm is among the most popular postal service providers in the country, especially for last-mile delivery services. VNPost had the second largest market share with 13.5% followed by Viettel Post with 12.7%. The share of these players is significantly expected to rise as demand rises thus CEP values are expected to rise at a CAGR of 7.95% from 2023-2029.
- The main driver of the courier, express and parcel market for both domestic and international oriented orders is the e-commerce market of the country. The e-commerce market of Vietnam witnessed a growth of 43.58% YoY in 2020 reaching USD 8.27 billion followed a growth of 35.19% YoY in 2021 reaching USD 11.81 billion. To further boost the industry the government is launching initiatives with international e-commerce companies. For instance, Amazon launched an initiative to boost Vietnam’s cross-border ecommerce in 2022. Amazon has signed an agreement with a Vietnamese government agency to train 10,000 local businesses in the next five years to sell to Amazon's global customers. Also, The Greater Mekong Subregion Cross-Border Transportation Facilitation Agreement (GMS-CBTA) that facilitates trade and transport between Laos, Thailand and Vietnam is a major factor driving growth.
- Grocery delivery, one of the major domestic CEP drivers, revenue is projected to touch USD 1.39 billion in 2023, and user penetration is expected to be 14% in 2023.
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Understand The Key Trends Shaping This Market
