Vietnam Quick Commerce Market Size and Share
Vietnam Quick Commerce Market Analysis by Mordor Intelligence
The Vietnam quick commerce market size stood at USD 0.81 billion in 2025 and is forecast to expand to USD 1.32 billion by 2030, supported by a 10.16% CAGR during the period. Cashless payment adoption grew significantly, the highest in Southeast Asia, while the number of active digital wallets is projected to reach 50 million by the end of 2024, reinforcing friction-less checkout experiences that accelerate basket conversion. Urban millennials demonstrate a strong bias toward hyper-local shopping, which, in tandem with government-backed e-logistics incentives, keeps demand momentum elevated. Competitive intensity has deepened as ecosystem players invest in dark stores, AI-based routing, and electric vehicle (EV) delivery fleets that compress fulfillment times even further.
Key Report Takeaways
- By product category, Grocery and Staples commanded 51.27% of Vietnam quick commerce market share in 2024, while Snacks and Beverages is projected to register the fastest growth at a 10.24% CAGR through 2030.
- By delivery time promise, the Less than 10 Minutes segment captured 57.72% revenue share in 2024; the 11-30 Minutes segment is forecast to expand at a 10.58% CAGR to 2030.
Vietnam Quick Commerce Market Trends and Insights
Drivers Impact Analysis
| Driver | ( ~ ) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Growing preference among urban millennials for hyper-local, instant-purchase shopping models. | +2.1% | Ho Chi Minh City, Hanoi, Da Nang | Short term (≤ 2 years) |
| Accelerated rollout of dark-store infrastructure across key metropolitan hubs. | +1.8% | Top-five urban markets, tier-2 spillover | Medium term (2–4 years) |
| Adoption of AI-powered route optimization to reduce last-mile delivery costs in real time. | +1.4% | National, early gains in metros | Medium term (2–4 years) |
| Government-backed incentives foster e-logistics ecosystem growth. | +1.2% | National, economic zones focus | Long term (≥ 4 years) |
| FMCG brands prioritizing direct-to-consumer channels to gain ownership of customer data. | +1.0% | Urban concentration | Medium term (2–4 years) |
| Expansion of EV battery-swapping infrastructure enabling fulfilment in under ten minutes. | +0.9% | Metros, expansion to secondary cities | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Growing Preference Among Urban Millennials for Hyper-Local Shopping Models
Urban millennials represent Vietnam’s most digitally fluent cohort, with growing use of mobile wallets and QR payments. Their adoption of instant-purchase behavior sustains demand for sub-30-minute delivery windows, particularly in Ho Chi Minh City and Hanoi, where smartphone penetration is higher. Over half of consumers tried home delivery for the first time during pandemic-related restrictions and maintained the habit into 2025, providing a sticky customer base for the Vietnam quick commerce market. Dense urban geography supports cost-efficient last-mile economics, with delivery expenses representing significant logistics spend. Millennials’ willingness to pay for speed creates margin headroom that partly offsets heightened labor and technology costs.
Accelerated Roll-Out of Dark-Store Infrastructure Across Metropolitan Hubs
Vietnam’s smart-logistics investment plan earmarks USD 5 billion for 2025–2030, which stimulates dark-store proliferation in major metro. National logistics costs fell, sharpening unit economics for rapid replenishment. Cold-storage utilization exceeds especially in seafood signaling robust demand for temperature-controlled capacity. Strategic placement within a 3-kilometer catchment zone enables delivery windows that sustain the Vietnam quick commerce market’s promise of under-ten-minute gratification.
Adoption of AI-Powered Route Optimization for Real-Time Cost Reduction
VTPost’s Hanoi hub introduced 160 autonomous sorting robots that handle 6,000 parcels per hour and cut manual processing costs, demonstrating tangible AI benefits in Vietnam quick commerce market logistics.[1]LogisticsIT Magazine, “VTPost Bring State-of-the-Art Robot-Based Parcel Sorting Technology to Vietnam for the First Time,” logisticsit.comPredictive analytics improve demand forecasting, helping operators trim stock-outs and shrinkage. Route algorithms lower fuel consumption and mitigate congestion-related delays, a critical advantage in Ho Chi Minh City traffic. Government policy reinforces AI uptake through draft digital technology legislation and fiscal incentives for R&D centers, including NVIDIA’s planned facility. These enablers collectively reduce cost-to-serve and widen competitive moats.
Government-Backed Incentives Fostering E-Logistics Ecosystem Growth
Policy targets seek to lift logistics as a major contributor to GDP by 2025, aided by an expressway network of 3,000 kilometers by 2030.[2]Source: Vietnam Investment Review, “Vietnam’s Logistics Landscape Has Scope for Growth,” vir.com.vn Decree No. 52/2024/ND-CP enhances non-cash payments and codifies e-commerce platform registration, yielding clearer compliance paths for domestic and foreign investors. Free-trade zone expansion in Da Nang and Hai Phong stimulates cross-border fulfillment nodes, aligning with Vietnam quick commerce market expansion plans. Digital-transformation sandboxes for SMEs accelerate innovation pilots, while tariff relief on imported logistics equipment lowers capex barriers.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Profitability challenges driven by persistent consumer preference for cash-on-delivery payments | −1.5% | National; stronger in tier-2, tier-3 cities | Short term (≤ 2 years) |
| Limited availability of Tier-1 cold-chain facilities beyond the top five urban markets | −1.2% | Secondary cities, rural areas | Medium term (2–4 years) |
| High annual rider attrition rates compounded by wage-related disputes | −1.0% | Nationwide, with higher turnover in densely populated urban centres | Short term (≤ 2 years) |
| Restrictive zoning and land-use regulations hindering establishment of micro-warehouses in central business districts | −0.8% | Major urban cores such as Ho Chi Minh City and Hanoi | Medium to long term (3–5 years) |
| Source: Mordor Intelligence | |||
Profitability challenges driven by persistent consumer preference for cash-on-delivery payments.
COD persists despite cashless penetration, forcing additional delivery attempts, security protocols, and administrative reconciliation that inflate last-mile costs. Slow cash recovery strains working capital and complicates inventory procurement cycles. Decree No. 52/2024/ND-CP moves to widen digital payment acceptance through tighter payment-service-provider standards, yet behavioral inertia outside tier-one cities tempers near-term relief for Vietnam quick commerce market operators.
Limited availability of Tier-1 cold-chain facilities beyond the top five urban markets.
Cold-storage networks cluster in Ho Chi Minh City, Hanoi, and Binh Duong, leaving secondary cities under-served. Occupancy rates is high, signifying supply shortages that constrain fresh produce, dairy, and seafood assortments. Capital requirements exceed sigificantly, deterring smaller entrants. Compliance with food-safety standards requires specialized equipment and skilled labor, elevating entry hurdles. Consequently, Vietnam quick commerce market growth in chilled categories remains tethered to infrastructure build-out pace.
Segment Analysis
By Product Category: Grocery Staples Drive Market Foundation
Grocery and Staples held 51.27% of Vietnam quick commerce market share in 2024, reflecting high-frequency consumer reliance on essential items and yielding repeat-purchase economics that bolster operator basket density. Predictable demand patterns let platforms tune inventory to minimize spoilage, while supplier relationships ensure favorable terms that support contribution margins. Snacks and Beverages displayed 10.24% CAGR from 2025–2030, buoyed by impulse buying and tolerance for premium mark-ups among urban millennials who value immediate convenience. Fresh Produce and Dairy trail due to cold-chain bottlenecks, yet latent demand remains strong, offering upside once infrastructure matures. Personal Care and OTC Pharma capitalize on pharmacy chain reforms led by Long Chau’s network of more than 1,700 outlets, giving quick commerce players ready access to regulated products.
Diversification into Home and Cleaning Supplies, Electronics, Pet Care, and Gifts follows rising consumer expectation for one-stop lifestyle fulfillment through the Vietnam quick commerce market. Regulatory oversight that mandates e-commerce registration improves product authenticity confidence, encouraging category trial. Over time, operator algorithms will refine SKU breadth by analyzing real-time demand signals, sharpening inventory productivity and customer retention.
Note: Segment shares of all individual segments available upon report purchase
By Delivery Time Promise: Ultra-Fast Fulfillment Captures Premium
The Less than 10 Minutes band captured 57.72% of Vietnam quick commerce market size in 2024, testament to dense urban corridors and dark-store proximity economics. Operators invest in high-velocity pick-and-pack workflows, EV fleets, and AI-based routing to preserve the sub-ten-minute pledge in congested environments. Battery-swap stations reduce range anxiety and idle time, aligning operational cadence with consumer expectations for near-instant gratification.
The 11-30 Minutes segment is on track for a 10.58% CAGR between 2025 and 2030, signaling adoption in less-dense neighborhoods where slightly longer wait times remain acceptable. The 31-60 Minutes window targets price-sensitive users prepared to trade immediacy for lower service fees, effectively bridging traditional e-commerce and ultra-fast delivery models.
Note: Segment shares of all individual segments available upon report purchase
Geography Analysis
Ho Chi Minh City and Hanoi have the highest users of quick commerce, leveraging high disposable incomes, advanced payment infrastructures, and dense addressable populations that support sub-ten-minute fulfillment economics. Ho Chi Minh City benefits from established logistics clusters in District 2 and Thu Duc, while Hanoi records stronger share gains for ShopeeFood, which reached siginificant local penetration in 2025. Da Nang ranks third, anchored by port investments that amplify cross-central distribution efficiency and attract dark-store roll-outs.
Can Tho leads the Mekong Delta region, drawing on close-in agricultural supply for fresh produce assortments; nonetheless, cold-chain gaps temper growth potential. Hai Phong, Bien Hoa, and Nha Trang represent emerging nodes as manufacturing expansion boosts middle-class income and supports wider adoption of the Vietnam quick commerce market. Government plans to take the national expressway network to 4,000 kilometers by 2030 will compress transit times, lower cost-to-serve, and facilitate geographic diffusion.[3]Source: Vietnam Investment Review, "2025 - A breakthrough year for Vietnam’s logistics industry",vir.com.vn Logistics efficiency rankings improved to in 2025, reflecting consistent growth and providing structural tailwinds.
Rural and peri-urban locales remain under-penetrated due to COD reliance and limited delivery density, yet ongoing mobile-money pilots aim to extend digital financial inclusion through 2024. Collaboration between provincial governments and logistics associations on warehouse parks and truck-rest stops is expected to unlock incremental capacity and stimulate Vietnam quick commerce market expansion beyond major conurbations.
Competitive Landscape
Vietnam quick commerce market concentration is moderate, with the top two players controlling a majority of transactions.Automation distinguishes logistics specialists. VTPost’s robot-enabled hub cuts unit-handling costs and raises sorting accuracy, allowing it to offer fulfillment services to multiple marketplaces. Emerging challenger Xanh SM integrates ride-hailing and delivery atop an EV fleet, backed by ecosystem synergies from its billionaire founder.
Regulatory compliance under Ministry of Industry and Trade guidelines raises entry barriers but also standardizes quality, bolstering consumer trust in the Vietnam quick commerce market. Operators that combine differentiated assortments with technology-driven efficiency and clear ESG narratives are best positioned to defend and grow share.
Vietnam Quick Commerce Industry Leaders
-
Grab Company Limited
-
Mobile World Investment Corporation (Bach Hoa Xanh Now)
-
Shopee Company Limited (ShopeeFood Express)
-
Lazada Group
-
7-Eleven Vietnam Company Limited
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- June 2025: 7-Eleven debuted in Hanoi, expanding competition in convenience-linked delivery.
- June 2025: In Hanoi, Vietnam, Xanh SM has introduced a food delivery service named Xanh SM Ngon, emphasizing speed and freshness. A standout feature of this service is its "no batched orders" policy. This means every order is delivered straight from the restaurant to the customer, reducing wait times and ensuring the food maintains its quality. With this strategy, Xanh SM Ngon seeks to offer a quicker and more dependable delivery experience, setting itself apart from competitors that consolidate multiple orders.
- March 2025: GS25, the South Korean convenience store chain, has opened six new stores in Hanoi, Vietnam, complete with integrated delivery services, as reported by a news source. These new outlets mark GS25's foray into northern Vietnam, with ambitions to operate over 40 stores in Hanoi by the close of 2025. Looking further ahead, the company targets a total of 500 stores nationwide by 2026, escalating to 700 by 2027.
Vietnam Quick Commerce Market Report Scope
| Grocery and Staples |
| Fresh Produce and Dairy |
| Snacks and Beverages |
| Personal Care and OTC Pharma |
| Home and Cleaning Supplies |
| Electronics and Accessories |
| Pet Care |
| Flowers and Gifts |
| Other Product Categories |
| Less than 10 Minutes |
| 11-30 Minutes |
| 31-60 Minutes |
| By Product Category | Grocery and Staples |
| Fresh Produce and Dairy | |
| Snacks and Beverages | |
| Personal Care and OTC Pharma | |
| Home and Cleaning Supplies | |
| Electronics and Accessories | |
| Pet Care | |
| Flowers and Gifts | |
| Other Product Categories | |
| By Delivery Time Promise | Less than 10 Minutes |
| 11-30 Minutes | |
| 31-60 Minutes |
Key Questions Answered in the Report
What was the Vietnam quick commerce market size in 2025 and its expected value by 2030?
The market stood at USD 0.81 billion in 2025 and is projected to reach USD 1.32 billion by 2030, advancing at a 10.16% CAGR.
Which product category currently leads in Vietnam’s quick commerce channel?
Grocery and Staples led with 51.27% revenue share in 2024, reflecting high-frequency demand for essential goods.
Which delivery-time segment is growing fastest?
The 11–30 Minutes window is forecast to post the highest growth, with a 10.58% CAGR through 2030.
How concentrated is competition among leading platforms?
ShopeeFood and GrabFood jointly command major share , giving the market a moderate concentration score of 6.
What infrastructure trend supports sub-ten-minute delivery?
Expansion of EV battery-swapping stations and dark-store networks allows couriers to maintain continuous delivery cycles and fulfill orders in under ten minutes