Vietnam Road Freight Transport Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

The Vietnam Road Freight Transport Market is segmented by End User Industry (Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others), by Destination (Domestic, International), by Truckload Specification (Full-Truck-Load (FTL), Less than-Truck-Load (LTL)), by Containerization (Containerized, Non-Containerized), by Distance (Long Haul, Short Haul), by Goods Configuration (Fluid Goods, Solid Goods) and by Temperature Control (Non-Temperature Controlled, Temperature Controlled). Market Value (USD) and Market Volume (ton-km) are both presented. Key Data Points observed include Freight Transport Volume (ton-km) by Destination and End User; Production Trends (Manufacturing, E-Commerce etc. in USD); Import and Export trends (in USD); and Freight Pricing Trends (USD per ton-km).

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Vietnam Road Freight Transport Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

Vietnam Road Freight Transport Market Size

Vietnam Road Freight Transport Market Summary
Study Period 2017 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 26.27 Billion
Market Size (2030) USD 35.83 Billion
CAGR (2025 - 2030) 6.40 %
Market Concentration Low

Major Players

Vietnam Road Freight Transport Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Vietnam Road Freight Transport Market with other markets in Logistics Industry

Freight Transport

Freight Transportation Arrangement

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Integrated Logistics

Cold Chain Logistics

Customers of Logistics Services

Vietnam Road Freight Transport Market Analysis

The Vietnam Road Freight Transport Market size is estimated at 26.27 billion USD in 2025, and is expected to reach 35.83 billion USD by 2030, growing at a CAGR of 6.40% during the forecast period (2025-2030).

Vietnam's road transportation sector is experiencing significant transformation driven by substantial infrastructure development and modernization initiatives. The country's road network expanded to 648,984 km in 2022, with 75.98% being paved roads, facilitating more efficient road freight movement. In early 2023, the construction of 12 North-South expressway projects commenced, with four more completed by year-end, adding approximately 475 km of expressways and increasing the total length to 1,892 km. The Ministry of Transport has implemented a comprehensive Road Network Development Plan spanning from 2021 to 2030, targeting the expansion of expressways to over 5,000 km by 2030, demonstrating the government's commitment to enhancing transportation infrastructure.


The industry is witnessing significant operational challenges and transformations in its cost structure and fleet composition. In 2022, fuel costs emerged as the largest component of operational expenses, accounting for 32% of total trucking costs, followed by driver wages at 18%. The truck market demonstrated robust activity with approximately 66.6 thousand units sold in 2022, indicating strong fleet expansion efforts. However, the industry faces challenges with aging vehicles, as over 90% of the truck fleet is older than five years, contributing to elevated logistics costs and environmental concerns.


A notable development in the sector is the increasing focus on sustainable and modern logistics solutions. In March 2023, the International Finance Corporation (IFC) announced a significant investment of USD 2 billion in Vietnam's logistics sector, to be implemented over five years through a partnership involving the IFC, Singapore's YCH Group, and Vietnam's T&T Group. This investment signals a strong push toward modernizing the sector and improving operational efficiency. The industry is also witnessing the introduction of innovative solutions, as evidenced by the deployment of Vietnam's first six electric trucks for waste collection and transportation in 2023.


The modal distribution of freight transport reflects the sector's significant role in the country's logistics landscape, with road transportation accounting for 40.22% of total freight movement by ton-kilometer in 2022. The industry's operational landscape is characterized by its diverse vehicle fleet and extensive network coverage. Vietnam's industrial production index (IIP) demonstrated strong growth in 2022, increasing by 7.8% year-over-year, with particularly impressive performance in sectors such as beverages (32.3% YoY growth), pharmaceutical chemistry (19.2%), and machinery production (19.1%), driving demand for road freight services across various industrial segments.

Segment Analysis: End User Industry

Manufacturing Segment in Vietnam Road Freight Transport Market

The manufacturing segment dominates the Vietnam road freight transport market, holding approximately 39% market share in 2024. This significant market position is driven by Vietnam's emergence as a key manufacturing hub, particularly attracting substantial foreign direct investment in electronics, textiles, footwear, and automotive sectors. The establishment of manufacturing facilities across 54 provinces and cities has created robust demand for road transportation services. Investors are particularly drawn to locations like the Bac Giang Province in North Vietnam for industrial plants, with Chinese and Singaporean investors funding established projects worth USD 761 million. The segment's strength is further reinforced by Vietnam's strategic location within Southeast Asia, making it an attractive manufacturing base for companies serving regional and global markets.

Market Analysis of Vietnam Road Freight Transport Market: Chart for End User Industry

Wholesale and Retail Trade Segment in Vietnam Road Freight Transport Market

The wholesale and retail trade segment is experiencing rapid growth in the Vietnam road freight transport market, driven by several key factors. The retail market is witnessing remarkable expansion, providing substantial opportunities for international retail brands. Major retailers are accelerating their presence, with companies like Central Retail Vietnam announcing investments worth USD 1.4 billion from 2023 to 2027. The growth is further propelled by the booming e-commerce sector, which is expected to register a CAGR of approximately 12% during 2023-2027. The increasing adoption of modern trade channels and e-commerce platforms has created new demands for efficient logistics and transportation services. This transformation in retail infrastructure and distribution networks is creating sustained demand for road haulage services across Vietnam's urban and rural areas.

Remaining Segments in End User Industry

The agriculture, fishing, and forestry segment maintains a significant presence in the market, supported by Vietnam's strong agricultural export sector and domestic distribution needs. The construction segment's demand is driven by ongoing infrastructure development projects and urban expansion initiatives across the country. The oil and gas, mining, and quarrying segment contributes to the market through the transportation of raw materials and equipment to various extraction sites. Each of these segments plays a vital role in shaping the overall freight transport by road landscape, with their diverse requirements influencing the development of specialized transportation solutions and infrastructure improvements throughout Vietnam.

Segment Analysis: Destination

Domestic Segment in Vietnam Road Freight Transport Market

The domestic segment dominates the Vietnam road freight transport market, accounting for approximately 64% of the total market value in 2024. This significant market share is driven by Vietnam's rapid economic growth and expanding manufacturing sector. The country has witnessed substantial infrastructure development, including the construction of 454 km of transport infrastructure in Ho Chi Minh City by 2025 at a cost of USD 11.4 billion, as well as a 98-kilometer ring road connecting Hanoi and two nearby provinces at USD 3.6 billion. The government's ambitious plan to construct 1.8 million affordable houses by 2030 has further boosted domestic freight movement. Additionally, the growth in e-commerce and retail sectors has significantly contributed to domestic road transportation demand, with retail sales of consumer goods and services reaching unprecedented levels and modern trade channels gaining prominence post-pandemic.

International Segment in Vietnam Road Freight Transport Market

The international segment is projected to be the fastest-growing segment in the Vietnam road freight transport market, with an expected CAGR of approximately 7% during 2024-2029. This growth is primarily driven by Vietnam's increasing participation in global trade and various free trade agreements. The country has emerged as a key manufacturing hub, witnessing rapid expansion in cross-border trade activities. The Vietnamese government has been actively amending regulations related to tax obligations for e-commerce activities, as outlined in Chapter IX Circular 80/2021/TT-BTC issued by the Ministry of Finance. However, logistics costs remain a significant challenge, accounting for 21% of GDP, which impacts the competitiveness of Vietnam's exports. The truck fleet composition, predominantly comprising small and old trucks with about 95% being over five years old, presents both challenges and opportunities for modernization in the international freight segment.

Segment Analysis: Truckload Specification

Full-Truck-Load (FTL) Segment in Vietnam Road Freight Transport Market

The Full-Truck-Load (FTL) segment dominates the Vietnam road freight transport market, commanding approximately 82% market share in 2024. This significant market position is driven by Vietnam's emergence as an appealing destination for consumer goods companies, particularly due to its growing middle-class population, changing consumer spending patterns, and large population exceeding 98 million. The segment has witnessed substantial investments in Vietnam's logistics sector, exemplified by the International Finance Corporation's USD 2 billion investment announcement in March 2023, to be implemented over five years through a partnership involving IFC, Singapore's YCH Group, and Vietnam's T&T Group. The FTL segment primarily serves small and medium-sized enterprises (SMEs) that offer services with limited value addition, with more than 90% of the 3,000-plus logistics firms in the country registered with capital below USD 430,000. According to the 2023 Agility Emerging Markets Logistics Index, Vietnam ranks fourth behind Malaysia, Indonesia, and Thailand, highlighting its growing importance in the regional logistics landscape.

Less-than-Truck-Load (LTL) Segment in Vietnam Road Freight Transport Market

The Less-than-Truck-Load (LTL) segment is projected to be the fastest-growing segment in the Vietnam road freight transport market, with an expected growth rate of approximately 7% during 2024-2029. This growth is primarily driven by infrastructural development, with the length of roads increasing significantly in recent years. The segment's expansion is further supported by Vietnam's thriving GDP, expanding manufacturing sector, and the rise of e-commerce, with younger generations rapidly adopting online shopping creating higher demand for logistics services. The Vietnamese government's focus on developing economic zones and industrial parks to attract manufacturing investments has also contributed to the segment's growth trajectory. The logistics sector in Vietnam is experiencing rapid expansion and is expected to grow at a faster pace than the country's GDP, with the government setting ambitious targets for the logistics sector's annual growth rate of nearly 20% by 2025. This governmental support, combined with ongoing infrastructure developments and the increasing adoption of digital logistics solutions, positions the LTL segment for sustained growth in the coming years.

Segment Analysis: Containerization

Non-Containerized Segment in Vietnam Road Freight Transport Market

The non-containerized segment dominates the Vietnam road freight transport market, commanding approximately 87% of the total market value in 2024. This substantial market share is driven by the diverse range of non-containerized goods being transported across Vietnam's expanding road network of over 648,984 kilometers. The segment's prominence is particularly evident in the Red River Delta and Southeast Vietnam regions, which include major economic hubs like Hanoi and Ho Chi Minh City. These regions have a significant concentration of truck transportation companies and registered vehicles. The growth in this segment is supported by Vietnam's robust manufacturing sector, increasing domestic consumption, and the expansion of industrial parks across the country. The segment benefits from the flexibility it offers in handling various cargo types, from bulk materials to oversized equipment, making it essential for industries such as construction, manufacturing, and retail trade.

Containerized Segment in Vietnam Road Freight Transport Market

The containerized segment is projected to grow at approximately 7% CAGR during 2024-2029, emerging as the fastest-growing segment in Vietnam's road freight transport market. This growth is primarily driven by Vietnam's increasing integration into global supply chains and the expansion of its container port infrastructure. The Vietnamese government's commitment to investing up to USD 1.7 billion for building more inland container depots (ICD) by 2030 is expected to significantly boost this segment. The segment's growth is further supported by Vietnam's high liner shipping connectivity index of 80.43, positioning the country as a regional maritime trade hub. The development of major ports like Ho Chi Minh City Port, currently ranking as the 26th largest container port globally and 5th in ASEAN, along with the Hai Phong and Tan Cang-Cat Lai ports, is creating increased demand for containerized road transportation services. The government's focus on enhancing maritime connectivity and improving port infrastructure is expected to drive sustained growth in containerized road freight transport.

Segment Analysis: Distance

Long Haul Segment in Vietnam Road Freight Transport Market

The long haul segment dominates Vietnam's road freight transport market, accounting for approximately 73% of the total market value in 2024. This significant market share is supported by Vietnam's extensive road network spanning approximately 648,984 kilometers, of which 493 thousand kilometers are paved. The segment's prominence is further reinforced by the government's ambitious Road Network Development Plan for 2021-2030, which aims to expand the expressway network to over 5,000 kilometers by 2030. The segment is also experiencing robust growth, projected to expand at around 7% annually from 2024 to 2029, driven by increasing trade activities and the government's focus on improving cross-regional connectivity. The construction of 12 North-South expressway projects initiated in 2023, along with the completion of four additional projects by year-end, has added approximately 475 kilometers of expressways, bringing the total length to 1,892 kilometers. This infrastructure development, coupled with Vietnam's strategic position in Southeast Asia and its growing role in global supply chains, continues to strengthen the long haul segment's market position.

Short Haul Segment in Vietnam Road Freight Transport Market

The short haul segment plays a crucial role in Vietnam's road freight transport market, particularly in supporting urban logistics and last-mile delivery services. This segment has become increasingly important with the rapid urbanization in Vietnam, especially in key economic regions like Hanoi and Ho Chi Minh City. The Ministry of Transport's initiatives to develop urban beltways, including three in Hanoi with a total length of 425 kilometers and two in Ho Chi Minh City spanning 295 kilometers, have significantly enhanced short-haul transportation capabilities. The segment's growth is also driven by the expanding e-commerce sector and the increasing demand for efficient urban distribution networks. The development of coastal roads connecting 28 cities and provinces, with a total length of 3,034 kilometers, has further strengthened the infrastructure supporting short-haul transportation. Additionally, the government's focus on improving connectivity between transport hubs and implementing smart transportation solutions has enhanced the efficiency of short-haul freight operations.

Segment Analysis: Goods Configuration

Solid Goods Segment in Vietnam Road Freight Transport Market

The solid goods segment dominates the Vietnam road freight transport market, commanding approximately 66% of the total market value in 2024. This significant market share is driven by Vietnam's robust manufacturing sector and increasing industrial production across various industries. The segment's strength is further bolstered by the country's expanding export activities, particularly in sectors like electronics, textiles, and automotive components. The presence of over 1,300 logistics companies in Vietnam, including both domestic and multinational firms, has created a competitive environment that supports efficient solid goods transportation. The segment benefits from Vietnam's comprehensive road network spanning approximately 648,984 kilometers, of which 493,000 kilometers are paved, enabling efficient transportation of solid goods across the country. Additionally, the government's focus on developing economic zones and industrial parks has created increased demand for solid goods transportation services.

Fluid Goods Segment in Vietnam Road Freight Transport Market

The fluid goods segment is emerging as the fastest-growing segment in Vietnam's road freight transport market, projected to grow at approximately 7% annually from 2024 to 2029. This growth is primarily driven by increasing demand from the oil and gas sector, chemical industry, and beverage manufacturing. The segment's expansion is supported by the implementation of Decree No. 42/2020/ND-CP, which provides comprehensive regulations for the transportation of dangerous goods, including fluid materials. The growth is further accelerated by significant investments in specialized transportation infrastructure and equipment, particularly in temperature-controlled and specialized tanker vehicles. Major logistics companies are increasingly investing in advanced tracking systems and safety measures specifically designed for fluid goods transportation. The segment is also benefiting from the rising demand for petroleum products, industrial chemicals, and liquid food products across Vietnam's growing industrial sectors. Additionally, the increasing focus on safety standards and environmental regulations has led to the modernization of fluid transport capabilities, contributing to the segment's robust growth trajectory.

Segment Analysis: Temperature Control

Non-Temperature Controlled Segment in Vietnam Road Freight Transport Market

The non-temperature controlled segment dominates the Vietnam road freight transport market, commanding approximately 95% of the total market share in 2024. This segment's prominence is driven by Vietnam's diverse manufacturing sector, growing e-commerce industry, and expanding retail trade. Currently, around 1,300 logistics companies operate in Vietnam, including both domestic and multinational firms, primarily serving this segment. The logistics sector contributes approximately 20-25% of the country's GDP, surpassing both manufacturing and other service sectors in terms of economic significance. Multinational freight forwarders have established a strong competitive advantage in this segment due to their economies of scale, enabling them to provide high-quality services at competitive freight rates. Their expertise in seamlessly integrating various modes of transportation has become particularly valuable with the increasing number of collaborations and partnerships with local entities. The rapid growth of e-commerce in Vietnam has significantly contributed to the demand for non-temperature controlled delivery services, with the country's e-commerce market projected to reach USD 13.36 billion by 2024.

Temperature Controlled Segment in Vietnam Road Freight Transport Market

The temperature-controlled segment is experiencing the fastest growth in the Vietnam road freight transport market, with an expected CAGR of approximately 7% during 2024-2029. This growth is primarily driven by Vietnam's expanding pharmaceutical sector, which is benefiting from the country's economic growth, rising per capita income, and an aging population. The pharmaceutical sector's infrastructure is substantial, encompassing roughly 250 manufacturing plants, 200 import-export facilities, 4,300 wholesale agents, and over 62,000 retail agents. Major pharmaceutical companies are strategically concentrated in key areas including Hanoi, Hai Duong, Ho Chi Minh City, and Southwest provinces like Can Tho City and Dong Thap. The segment's growth is further supported by the increasing demand for temperature-sensitive products in the healthcare sector, with hospitals constituting 70% of the total value of Vietnam's pharmaceutical sector. The over-the-counter (OTC) pharmaceuticals market is also contributing to segment growth, with online sales expected to represent a significant portion of total revenue, driving demand for temperature-controlled transportation services.

Vietnam Road Freight Transport Industry Overview

Top Companies in Vietnam Road Freight Transport Market

The market is characterized by active participation from both domestic and international players who are continuously innovating their service offerings and expanding their operational footprint. Companies are increasingly focusing on developing digital logistics platforms and implementing advanced tracking systems to enhance operational efficiency and customer experience. Strategic partnerships and collaborations, particularly in cross-border road freight services, have become a key trend among major players. Infrastructure development initiatives, including the establishment of new logistics centers and warehousing facilities, demonstrate the industry's commitment to expanding capacity and improving service quality. Companies are also investing heavily in fleet modernization and expansion, with a particular emphasis on specialized vehicles for temperature-controlled and project cargo transportation. The adoption of sustainable practices and green technologies is emerging as a significant trend, with several companies introducing electric vehicles and implementing eco-friendly solutions in their operations.

Fragmented Market with Strong Local Presence

The Vietnamese road freight transport market exhibits a fragmented structure, with the top players collectively holding a modest market share. Local companies maintain a strong presence in the market, leveraging their deep understanding of regional dynamics and established networks. The market is characterized by a mix of large integrated logistics providers and numerous small and medium-sized enterprises, with many operators focusing on specific regional routes or specialized services. The industry has witnessed increased participation from global logistics companies through joint ventures and strategic partnerships with local players, aiming to capitalize on Vietnam's growing trade volumes and strategic location in Southeast Asia.


The market has experienced notable merger and acquisition activities, primarily driven by international players seeking to establish or strengthen their presence in the Vietnamese market. These consolidation efforts are focused on achieving economies of scale and expanding service portfolios to meet evolving customer demands. The presence of state-owned enterprises alongside private players creates a unique competitive dynamic, with government-backed companies often having advantages in certain sectors and routes. The market also sees significant competition from specialized logistics providers who focus on specific industries or service types, particularly in emerging segments such as e-commerce logistics and cold chain transportation.

Innovation and Integration Drive Market Success

Success in the Vietnamese freight market increasingly depends on companies' ability to offer integrated logistics solutions and leverage technological innovations. Market leaders are focusing on developing comprehensive service portfolios that combine traditional transportation services with value-added offerings such as warehousing, customs clearance, and supply chain consulting. The adoption of digital platforms and advanced fleet management systems has become crucial for maintaining a competitive advantage. Companies are also investing in building strong relationships with key industrial sectors and establishing specialized capabilities for handling different types of cargo, particularly in high-growth segments like e-commerce and cold chain logistics.


For new entrants and smaller players, success lies in identifying and serving niche markets or specific regional corridors where they can build expertise and maintain competitive advantages. The ability to form strategic partnerships, particularly for cross-border operations, remains crucial for market expansion. Companies must also focus on developing robust risk management strategies to address challenges such as fuel price volatility and regulatory changes. The increasing emphasis on environmental sustainability and compliance with international standards is becoming a key differentiator in the market. Future success will largely depend on companies' ability to adapt to changing market dynamics, invest in technological infrastructure, and maintain operational flexibility while ensuring cost efficiency.

Vietnam Road Freight Transport Market Leaders

  1. A.P. Moller - Maersk

  2. Bee Logistics Corporation

  3. Indo Trans Logistics Corporation

  4. PetroVietnam Transportation Corporation (PVTrans)

  5. Saigon Newport Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Vietnam Road Freight Transport Market Concentration
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Vietnam Road Freight Transport Market News

  • September 2024: DHL Express launched a new direct flight route from Hong Kong to Jakarta, Indonesia, enhancing its transit times. The dedicated flight, utilizing the B737-800 freighter, operated four times weekly. By flying directly from Hong Kong to Jakarta, this new service offered a non-stop alternative. The B737-800 freighter, boasting a 20-ton payload capacity, handled everything from e-commerce packages to larger consignments. It transports shipments originating from China, Hong Kong, Japan, Korea, Taiwan, the Philippines, and Vietnam via the Central Asia Hub in Hong Kong.
  • July 2024: DHL Express introduced a range of digital tools aimed at empowering small and medium enterprises (SMEs) to broaden their global reach and enhance their international trade and shipping endeavors. These tools were designed to assist resource-limited SMEs in efficiently navigating cross-border shipping logistics, facilitating smoother import and export activities from diverse sources and locations. Among the suite of digital solutions crafted by DHL Express were My Global Trade Services (myGTS), DHL Express Commerce, Track & Trace, DHL Pass, and On Demand Delivery. In addition to digital tools, DHL Express also introduced the GoTrade program, which supports small businesses in trading their goods internationally.
  • January 2024: Indo Trans Logistics Corporation (ITL) expanded its transportation capacity with the acquisition of 20 Euro 4 Isuzu QKR—QMR77HE4A trucks. The trucks were handed over by Green Ka Joint Stock Company (Green Ka) at ITL's Road Transport Center located in Binh Hoa ward, Thuan An town, Binh Duong province. ITL invested in and broadened its logistics operations domestically, with a particular focus on new transportation methods to cater to customer demands.

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Vietnam Road Freight Transport Market
Vietnam Road Freight Transport Market
Vietnam Road Freight Transport Market
Vietnam Road Freight Transport Market
Vietnam Road Freight Transport Market
Vietnam Road Freight Transport Market
Vietnam Road Freight Transport Market
Vietnam Road Freight Transport Market

Vietnam Road Freight Transport Market Report - Table of Contents

1. EXECUTIVE SUMMARY & KEY FINDINGS

2. REPORT OFFERS

3. INTRODUCTION

  • 3.1 Study Assumptions & Market Definition
  • 3.2 Scope of the Study​
  • 3.3 Research Methodology

4. KEY INDUSTRY TRENDS

  • 4.1 GDP Distribution By Economic Activity
  • 4.2 GDP Growth By Economic Activity
  • 4.3 Economic Performance And Profile
    • 4.3.1 Trends in E-Commerce Industry
    • 4.3.2 Trends in Manufacturing Industry
  • 4.4 Transport And Storage Sector GDP
  • 4.5 Logistics Performance
  • 4.6 Length Of Roads
  • 4.7 Export Trends
  • 4.8 Import Trends
  • 4.9 Fuel Pricing Trends
  • 4.10 Trucking Operational Costs
  • 4.11 Trucking Fleet Size By Type
  • 4.12 Major Truck Suppliers
  • 4.13 Road Freight Tonnage Trends
  • 4.14 Road Freight Pricing Trends
  • 4.15 Modal Share
  • 4.16 Inflation
  • 4.17 Regulatory Framework
  • 4.18 Value Chain & Distribution Channel Analysis

5. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)

  • 5.1 End User Industry
    • 5.1.1 Agriculture, Fishing, and Forestry
    • 5.1.2 Construction
    • 5.1.3 Manufacturing
    • 5.1.4 Oil and Gas, Mining and Quarrying
    • 5.1.5 Wholesale and Retail Trade
    • 5.1.6 Others
  • 5.2 Destination
    • 5.2.1 Domestic
    • 5.2.2 International
  • 5.3 Truckload Specification
    • 5.3.1 Full-Truck-Load (FTL)
    • 5.3.2 Less than-Truck-Load (LTL)
  • 5.4 Containerization
    • 5.4.1 Containerized
    • 5.4.2 Non-Containerized
  • 5.5 Distance
    • 5.5.1 Long Haul
    • 5.5.2 Short Haul
  • 5.6 Goods Configuration
    • 5.6.1 Fluid Goods
    • 5.6.2 Solid Goods
  • 5.7 Temperature Control
    • 5.7.1 Non-Temperature Controlled
    • 5.7.2 Temperature Controlled

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles
    • 6.4.1 A.P. Moller - Maersk
    • 6.4.2 ASG Corporation
    • 6.4.3 Aviation Logistics Corporation (ALS)
    • 6.4.4 Bee Logistics Corporation
    • 6.4.5 CMA CGM Group (including CEVA Logistics)
    • 6.4.6 DHL Group
    • 6.4.7 Expeditors International of Washington, Inc.
    • 6.4.8 Gemadept
    • 6.4.9 GEODIS
    • 6.4.10 Hop Nhat International Joint Stock Company
    • 6.4.11 Indo Trans Logistics Corporation
    • 6.4.12 Kintetsu Group Holdings Co., Ltd. (including Kintetsu World Express, Inc.)
    • 6.4.13 Linfox Pty Ltd.
    • 6.4.14 MACS Maritime Joint Stock Company
    • 6.4.15 MP Logistics
    • 6.4.16 Nguyen Ngoc Logistics Corporation
    • 6.4.17 Nippon Express Holdings.
    • 6.4.18 NYK (Nippon Yusen Kaisha) Line
    • 6.4.19 PetroVietnam Transportation Corporation (PVTrans)
    • 6.4.20 Royal Cargo Inc.
    • 6.4.21 Saigon Newport Corporation
    • 6.4.22 Transimex
    • 6.4.23 U&I Logistics Corporation
    • 6.4.24 Van Cargoes and Foreign Trade Logistics Joint Stock Company (VNT Logistics)
    • 6.4.25 Viet Total Logistics Co., Ltd.
    • 6.4.26 Vietnam Foreign Trade Logistics Joint Stock Company (VINATRANS)
    • 6.4.27 ViettelPost (including Viettel Logistics)
  • *List Not Exhaustive

7. KEY STRATEGIC QUESTIONS FOR ROAD FREIGHT CEOS

8. APPENDIX

  • 8.1 Global Logistics Market Overview
    • 8.1.1 Overview
    • 8.1.2 Porter’s Five Forces Framework
    • 8.1.3 Global Value Chain Analysis
    • 8.1.4 Market Dynamics (Market Drivers, Restraints & Opportunities)
  • 8.2 Sources & References
  • 8.3 List of Tables & Figures
  • 8.4 Primary Insights
  • 8.5 Data Pack
  • 8.6 Glossary of Terms
  • 8.7 Currency Exchange Rate
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List of Tables & Figures

  1. Figure 1:  
  2. DISTRIBUTION OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, SHARE %, VIETNAM, 2022
  1. Figure 2:  
  2. GROWTH OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, CAGR %, VIETNAM, 2017 – 2022
  1. Figure 3:  
  2. GROSS MERCHANDISE VALUE (GMV) OF E-COMMERCE INDUSTRY, USD, VIETNAM, 2017 - 2027
  1. Figure 4:  
  2. SECTORAL SHARE IN E-COMMERCE INDUSTRY GROSS MERCHANDISE VALUE (GMV), SHARE %, VIETNAM, 2022
  1. Figure 5:  
  2. GROSS VALUE ADDED (GVA) OF MANUFACTURING INDUSTRY (IN CURRENT PRICES), USD, VIETNAM, 2017 - 2022
  1. Figure 6:  
  2. SECTORAL SHARE IN GROSS VALUE ADDED (GVA) OF MANUFACTURING INDUSTRY, SHARE %, VIETNAM, 2022
  1. Figure 7:  
  2. VALUE OF TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT (GDP), USD, VIETNAM, 2017 – 2022
  1. Figure 8:  
  2. TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT (GDP), SHARE % OF GDP, VIETNAM, 2017-2022
  1. Figure 9:  
  2. RANK OF LOGISTICS PERFORMANCE, RANK, VIETNAM, 2010 - 2023
  1. Figure 10:  
  2. SHARE OF ROAD LENGTH BY SURFACE CATEGORY, %, VIETNAM, 2022
  1. Figure 11:  
  2. SHARE OF ROAD LENGTH BY SURFACE CLASSIFICATION, %, VIETNAM, 2022
  1. Figure 12:  
  2. VALUE OF EXPORTS, USD, VIETNAM, 2017 - 2022
  1. Figure 13:  
  2. VALUE OF IMPORTS, USD, VIETNAM, 2017 - 2022
  1. Figure 14:  
  2. FUEL PRICE BY TYPE OF FUEL, USD/LITER, VIETNAM, 2017 - 2022
  1. Figure 15:  
  2. OPERATIONAL COSTS OF TRUCKING - BREAKDOWN BY OPERATING COST ELEMENT, %, VIETNAM, 2022
  1. Figure 16:  
  2. TRUCKING FLEET SIZE BY TYPE, SHARE %, VIETNAM, 2022
  1. Figure 17:  
  2. MARKET SHARE OF MAJOR TRUCK SUPPLIER BRANDS, SHARE %, VIETNAM, 2022
  1. Figure 18:  
  2. FREIGHT HANDLED BY ROAD TRANSPORT, TONS, VIETNAM, 2017 - 2030
  1. Figure 19:  
  2. PRICE TREND OF ROAD FREIGHT TRANSPORT SERVICE, USD/TON-KM, VIETNAM, 2017 - 2022
  1. Figure 20:  
  2. MODAL SHARE OF FREIGHT TRANSPORTATION SECTOR, SHARE % BY TON-KM, VIETNAM, 2022
  1. Figure 21:  
  2. MODAL SHARE OF FREIGHT TRANSPORT SECTOR, SHARE % BY TONS, VIETNAM, 2022
  1. Figure 22:  
  2. WHOLESALE PRICE INFLATION RATE, %, VIETNAM, 2017 - 2022
  1. Figure 23:  
  2. CONSUMER PRICE INFLATION RATE, %, VIETNAM, 2017 - 2022
  1. Figure 24:  
  2. VOLUME OF ROAD FREIGHT TRANSPORT MARKET, TON-KM, VIETNAM, 2017 - 2030
  1. Figure 25:  
  2. VALUE OF ROAD FREIGHT TRANSPORT MARKET, USD, VIETNAM, 2017 - 2030
  1. Figure 26:  
  2. VOLUME OF ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, TON-KM, VIETNAM, 2017 - 2030
  1. Figure 27:  
  2. VALUE OF ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, USD, VIETNAM, 2017 - 2030
  1. Figure 28:  
  2. VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, VIETNAM, 2017 - 2030
  1. Figure 29:  
  2. VOLUME OF AFF INDUSTRY (AGRICULTURE, FISHING, AND FORESTRY) ROAD FREIGHT TRANSPORT MARKET, TON-KM, VIETNAM, 2017 - 2030
  1. Figure 30:  
  2. VALUE OF AFF INDUSTRY (AGRICULTURE, FISHING, AND FORESTRY) ROAD FREIGHT TRANSPORT MARKET, USD, VIETNAM, 2017 - 2030
  1. Figure 31:  
  2. VALUE SHARE OF AFF INDUSTRY (AGRICULTURE, FISHING, AND FORESTRY) ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, VIETNAM, 2022 VS 2030
  1. Figure 32:  
  2. VOLUME OF CONSTRUCTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, VIETNAM, 2017 - 2030
  1. Figure 33:  
  2. VALUE OF CONSTRUCTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, VIETNAM, 2017 - 2030
  1. Figure 34:  
  2. VALUE SHARE OF CONSTRUCTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, VIETNAM, 2022 VS 2030
  1. Figure 35:  
  2. VOLUME OF MANUFACTURING INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, VIETNAM, 2017 - 2030
  1. Figure 36:  
  2. VALUE OF MANUFACTURING INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, VIETNAM, 2017 - 2030
  1. Figure 37:  
  2. VALUE SHARE OF MANUFACTURING INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, VIETNAM, 2022 VS 2030
  1. Figure 38:  
  2. VOLUME OF EXTRACTION INDUSTRY (OIL AND GAS, MINING AND QUARRYING) ROAD FREIGHT TRANSPORT MARKET, TON-KM, VIETNAM, 2017 - 2030
  1. Figure 39:  
  2. VALUE OF EXTRACTION INDUSTRY (OIL AND GAS, MINING AND QUARRYING) ROAD FREIGHT TRANSPORT MARKET, USD, VIETNAM, 2017 - 2030
  1. Figure 40:  
  2. VALUE SHARE OF EXTRACTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, VIETNAM, 2022 VS 2030
  1. Figure 41:  
  2. VOLUME OF DISTRIBUTIVE TRADE INDUSTRY (WHOLESALE AND RETAIL TRADE) ROAD FREIGHT TRANSPORT MARKET, TON-KM, VIETNAM, 2017 - 2030
  1. Figure 42:  
  2. VALUE OF DISTRIBUTIVE TRADE INDUSTRY (WHOLESALE AND RETAIL TRADE) ROAD FREIGHT TRANSPORT MARKET, USD, VIETNAM, 2017 - 2030
  1. Figure 43:  
  2. VALUE SHARE OF WHOLESALE AND RETAIL TRADE INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, VIETNAM, 2022 VS 2030
  1. Figure 44:  
  2. VOLUME OF OTHER END USER INDUSTRIES ROAD FREIGHT TRANSPORT MARKET, TON-KM, VIETNAM, 2017 - 2030
  1. Figure 45:  
  2. VALUE OF OTHER END USER INDUSTRIES ROAD FREIGHT TRANSPORT MARKET, USD, VIETNAM, 2017 - 2030
  1. Figure 46:  
  2. VALUE SHARE OF OTHER END USER INDUSTRIES ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, VIETNAM, 2022 VS 2030
  1. Figure 47:  
  2. VOLUME OF ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, TON-KM, VIETNAM, 2017 - 2030
  1. Figure 48:  
  2. VALUE OF ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, USD, VIETNAM, 2017 - 2030
  1. Figure 49:  
  2. VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, VIETNAM, 2017 - 2030
  1. Figure 50:  
  2. VOLUME OF DOMESTIC ROAD FREIGHT TRANSPORT MARKET, TON-KM, VIETNAM, 2017 - 2030
  1. Figure 51:  
  2. VALUE OF DOMESTIC ROAD FREIGHT TRANSPORT MARKET, USD, VIETNAM, 2017 - 2030
  1. Figure 52:  
  2. VALUE SHARE OF DOMESTIC ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, VIETNAM, 2022 VS 2030
  1. Figure 53:  
  2. VOLUME OF INTERNATIONAL ROAD FREIGHT TRANSPORT MARKET, TON-KM, VIETNAM, 2017 - 2030
  1. Figure 54:  
  2. VALUE OF INTERNATIONAL ROAD FREIGHT TRANSPORT MARKET, USD, VIETNAM, 2017 - 2030
  1. Figure 55:  
  2. VALUE SHARE OF INTERNATIONAL ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, VIETNAM, 2022 VS 2030
  1. Figure 56:  
  2. VALUE OF ROAD FREIGHT TRANSPORT MARKET BY TRUCKLOAD SPECIFICATION, USD, VIETNAM, 2017 - 2030
  1. Figure 57:  
  2. VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY TRUCKLOAD SPECIFICATION, %, VIETNAM, 2017 - 2030
  1. Figure 58:  
  2. VALUE OF FULL-TRUCK-LOAD (FTL) ROAD FREIGHT TRANSPORT MARKET, USD, VIETNAM, 2017 - 2030
  1. Figure 59:  
  2. CAGR OF FULL-TRUCK-LOAD (FTL) ROAD FREIGHT TRANSPORT MARKET, %, VIETNAM, 2017 - 2030
  1. Figure 60:  
  2. VALUE OF LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET, USD, VIETNAM, 2017 - 2030
  1. Figure 61:  
  2. CAGR OF LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET, %, VIETNAM, 2017 - 2030
  1. Figure 62:  
  2. VALUE OF ROAD FREIGHT TRANSPORT MARKET BY CONTAINERIZATION, USD, VIETNAM, 2017 - 2030
  1. Figure 63:  
  2. VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY CONTAINERIZATION, %, VIETNAM, 2017 - 2030
  1. Figure 64:  
  2. VALUE OF CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET, USD, VIETNAM, 2017 - 2030
  1. Figure 65:  
  2. CAGR OF CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET, %, VIETNAM, 2017 - 2030
  1. Figure 66:  
  2. VALUE OF NON-CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET, USD, VIETNAM, 2017 - 2030
  1. Figure 67:  
  2. CAGR OF NON-CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET, %, VIETNAM, 2017 - 2030
  1. Figure 68:  
  2. VALUE OF ROAD FREIGHT TRANSPORT MARKET BY DISTANCE, USD, VIETNAM, 2017 - 2030
  1. Figure 69:  
  2. VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY DISTANCE, %, VIETNAM, 2017 - 2030
  1. Figure 70:  
  2. VALUE OF LONG HAUL ROAD FREIGHT TRANSPORT MARKET, USD, VIETNAM, 2017 - 2030
  1. Figure 71:  
  2. CAGR OF LONG HAUL ROAD FREIGHT TRANSPORT MARKET, %, VIETNAM, 2017 - 2030
  1. Figure 72:  
  2. VALUE OF SHORT HAUL ROAD FREIGHT TRANSPORT MARKET, USD, VIETNAM, 2017 - 2030
  1. Figure 73:  
  2. CAGR OF SHORT HAUL ROAD FREIGHT TRANSPORT MARKET, %, VIETNAM, 2017 - 2030
  1. Figure 74:  
  2. VALUE OF ROAD FREIGHT TRANSPORT MARKET BY GOODS CONFIGURATION, USD, VIETNAM, 2017 - 2030
  1. Figure 75:  
  2. VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY GOODS CONFIGURATION, %, VIETNAM, 2017 - 2030
  1. Figure 76:  
  2. VALUE OF FLUID GOODS ROAD FREIGHT TRANSPORT MARKET, USD, VIETNAM, 2017 - 2030
  1. Figure 77:  
  2. CAGR OF FLUID GOODS ROAD FREIGHT TRANSPORT MARKET, %, VIETNAM, 2017 - 2030
  1. Figure 78:  
  2. VALUE OF SOLID GOODS ROAD FREIGHT TRANSPORT MARKET, USD, VIETNAM, 2017 - 2030
  1. Figure 79:  
  2. CAGR OF SOLID GOODS ROAD FREIGHT TRANSPORT MARKET, %, VIETNAM, 2017 - 2030
  1. Figure 80:  
  2. VALUE OF ROAD FREIGHT TRANSPORT MARKET BY TEMPERATURE CONTROL, USD, VIETNAM, 2017 - 2030
  1. Figure 81:  
  2. VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY TEMPERATURE CONTROL, %, VIETNAM, 2017 - 2030
  1. Figure 82:  
  2. VALUE OF NON-TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET, USD, VIETNAM, 2017 - 2030
  1. Figure 83:  
  2. CAGR OF NON-TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET, %, VIETNAM, 2017 - 2030
  1. Figure 84:  
  2. VALUE OF TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET, USD, VIETNAM, 2017 - 2030
  1. Figure 85:  
  2. CAGR OF TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET, %, VIETNAM, 2017 - 2030
  1. Figure 86:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, VIETNAM, 2017 - 2023
  1. Figure 87:  
  2. MOST ADOPTED STRATEGIES, COUNT, VIETNAM, 2017 - 2023
  1. Figure 88:  
  2. VALUE SHARE OF MAJOR PLAYERS, %, VIETNAM

Vietnam Road Freight Transport Industry Segmentation

Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others are covered as segments by End User Industry. Domestic, International are covered as segments by Destination. Full-Truck-Load (FTL), Less than-Truck-Load (LTL) are covered as segments by Truckload Specification. Containerized, Non-Containerized are covered as segments by Containerization. Long Haul, Short Haul are covered as segments by Distance. Fluid Goods, Solid Goods are covered as segments by Goods Configuration. Non-Temperature Controlled, Temperature Controlled are covered as segments by Temperature Control.
End User Industry Agriculture, Fishing, and Forestry
Construction
Manufacturing
Oil and Gas, Mining and Quarrying
Wholesale and Retail Trade
Others
Destination Domestic
International
Truckload Specification Full-Truck-Load (FTL)
Less than-Truck-Load (LTL)
Containerization Containerized
Non-Containerized
Distance Long Haul
Short Haul
Goods Configuration Fluid Goods
Solid Goods
Temperature Control Non-Temperature Controlled
Temperature Controlled
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Market Definition

  • Agriculture, Fishing, and Forestry (AFF) - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the AFF industry players on road freight transport service. The end user players considered are the establishments primarily engaged in growing crops, raising animals, harvesting timber, harvesting fish & other animals from their natural habitats and providing related support activities. Herein, across the value chain, Logistics Service Providers (LSPs) play a crucial role in acquisition, storage, handling, transportation, and distribution activities for the optimal & continuous flow of inputs (seeds, pesticides, fertilizers, equipment, and water) from manufacturers or suppliers to the producers and smooth flow of output (produce, agro-goods) to distributors/ consumers. This includes both termperature controlled and non-temperature controlled logistics, as and when required according to the shelf life of goods being transported or stored.
  • Construction - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the construction industry players, on road freight transport service. The end user players considered are the establishments primarily engaged in constructing, repairing and renovating residential & commercial buildings, infrastructure, engineering works, subdividing and developing land. Logistics Service Providers (LSPs) play a crucial role in increasing profitability of construction projects by maintaing the inventory of raw materials & equipment, time-critical supplies and by providing other value added services for effective project management.
  • Containerized Road Freight Transport - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users on Full-Truck-Load (FTL) services. FTL road freight transport is characterized as a full single load not combined with other shipments. It comprises of shipments (i) devoted to the goods of a single shipper (ii) taken directly from a point of origin to one or more destination points (iii) comprising of bulk mail truck transportation (iv) comprising of both Container (Full Container Load, FCL)/Non-Container trucking services (v)comprsing of goods requiring temperature controlled or non-temperature controlled transportation services (vi) comprising of bulk liquid tankering (vii) invoving trucking of waste (viii) hazardous material trucking. Related value added services (VAS) of sorting, consolidation, deconslidation are included in the other services segment of freight and logistics market.
  • Export Trends and Import Trends - Overall logistics performance of an economy is positively and significantly (statistically) correlated to its trade performance (exports and imports). Hence, in this industry trend, total value of trade, major commodities/ commodity groups and the major trade partners, for the studied geography (country or region as per the scope of report) have been analysed alongside the impact of major trade/logistics infrastructure investments & regulatory environment.
  • Fluid Goods - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users for the transport of bulk liquids, that are often used in extraction, manufacturing, food processing, agriculture industries among others. It includes transportation of liquids like (i) Chemicals/ hazardous goods (for instance acids) (ii) Water (potable as well as waste) (iii) Oil and gas (upstream as well as downstream like gasoline, fuel, crude oil, or propane), (iv) Food grade bulk liquids (like milk, or juice), (v) Rubber, (vi) Agrichemical products, among others. These goods are generally transported through tanker trucking.
  • Fuel Price - Fuel price spikes can cause delays and diruption for logistics service providers (LSPs), while drops in the same can result in higher short-term profitability and increased market rivalry to offer consumers with the best deals. Hence, the fuel price variations have been studied over the review period and presented along with the causes as well as market impacts.
  • Full-Truck-Load (FTL) Road Freight Transport - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users on Full-Truck-Load (FTL) services. FTL road freight transport is characterized as a full single load not combined with other shipments. It comprises of shipments (i) devoted to the goods of a single shipper (ii) taken directly from a point of origin to one or more destination points (iii) comprising of bulk mail truck transportation (iv) comprising of both Container (Full Container Load, FCL)/Non-Container trucking services (v)comprsing of goods requiring temperature controlled or non-temperature controlled transportation services (vi) comprising of bulk liquid tankering (vii) invoving trucking of waste (viii) hazardous material trucking. Related value added services (VAS) of sorting, consolidation, deconslidation are included in the other services segment of freight and logistics market.
  • GDP Distribution by Economic Activity - Nominal Gross Domestic Product and distribution of the same, across major economic sectors in the geography studied (country or region as per scope of the report) have been studied and presented in this industry trend. As GDP is positively related to the profitability and growth of logistics industry, this data has been used in adjunction to the input-output tables/ supply-use tables for analyzing the potential major contributing sectors towards the logistics demand.
  • GDP Growth by Economic Activity - Growth of Nominal Gross Domestic Product across major economic sectors, for the geography studied (country or region as per scope of the report) have been presented in this industry trend. This data has been utilized for assessing the growth of logistics demand from all the market end users (economic sectors considered here).
  • Inflation - Variations in both Wholesale Price Inflation (YoY change in producer price index) and Consumer Price Inflation have been presented in this industry trend. This data has been used to assess the inflationary environment as it plays a vital role in smooth functioning of the supply chain, directly impacting the logistics operational cost components e.g., pricing of tyres, driver wages & benefits, energy/fuel prices, maintenace costs, toll charges, warehousing rents, custom brokerage, forwarding rates, courier rates etc. hence impacting the overall freight and logistics market.
  • Key Industry Trends - The report section named "Key Industry Trends" include all the key variables/parameters studied to better analyze the market size estimates and forecasts. All the trends have been presented in the form of data points (time series or latest available data points) along with analysis of the paramter in the form of concise market relevant commentary, for the geography studied (country or region as per the scope of report).
  • Key Strategic Moves - The action taken by a company to differentiate from its competitor or used as a general strategy is referred to as a key strategic move (KSM). This includes (1) Agreements (2) Expansions (3) Financial Restructuring (4) Mergers and Acquisitions (5) Partnerships, and (6) Product Innovations. Key players (Logistics Service Providers, LSPs) in the market have been shortlisted, their KSM have been studied and presented in this section.
  • Less than-Truck-Load (LTL) Road Freight Transport - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users on Less than-Truck-Load (LTL) services. LTL road freight transport is characterized as multiple shipments combined onto a single truck for multiple deliveries within a network. It comprises of establishments (i) primarily engaged in general and specialized freight trucking of less than complete truck-loads, (ii) characterized by the use of terminals to consolidate shipments, generally from several shippers, into a single truck for haulage between a load assembly terminal and a disassembly terminal, where the load is sorted and shipments are re-routed for delivery (iv) Less than-Container-Load (LCL) shipping/ Groupage Shipping in case of trucking services. The activities in scope include (i) local pick-up, (ii) line-haul, and (iii) local delivery. Related value added services (VAS) of sorting, consolidation, deconslidation are included in the other services segment of freight and logistics market.
  • Logistics Performance - Logistics Performance and Logistics Costs are the backbone of trade, and influences trade costs, making countries compete globally. Logistics performance is influenced by market wide adopted supply chain management strategies, government services, investments & policies, fuel/ energy costs, inflationary environment etc. Hence, in this industry trend, the logistics performance of the geography studied (country/ region as per the scope of report) has been analysed and presented over the review period.
  • Major Truck Suppliers - Market share of truck brands is influenced by factors like geographical preferences, portfolio of truck types, truck prices, local production, truck repair & maintenance service peneteration, customer support, technological innovations (like electric vehicles, digitalization, autonomous trucks), fuel efficiency, financing options, annual maintenance costs, availability of substitutes, marketing startegies etc. Hence, the distribution (share % for base year of the study) of truck sales volume for leading truck brands and commentary on current market scenario & market anticipation over the forecast period have been presented in this industry trend.
  • Manufacturing - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the Manufacturing industry players, on road freight transport service. The end user players considered are the establishments primarily engaged in the chemical, mechanical or physical transformation of materials or substances into new products. Logistics Service Providers (LSPs) play a crucial role in maintaining a smooth flow of raw materials across the supply chain, enabling timely delivery of finished goods to distributors or end customers and storing & supplying the raw materials to clients for just-in-time manufacturing.
  • Modal Share - Freight Modal Share is influenced by factors like modal productivity, government regulations, containerization, distance of shipment, temperature control requirements, type of goods, international trade, terrain, speed of delivery, shipment weight, bulk shipments, etc. Also, modal share by tonnage (tons) and modal share by freight turnover (ton-km) differ as per average distance of shipments, weight of major commodity groups transported in the economy and number of trips. This industry trend represents the distribution of freight transported by mode of transport (tons as well as ton-km), for the study base year.
  • Oil and Gas, Mining and Quarrying - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the extraction industry players, on road freight transport service. The end user players considered are the establishments that extract naturally occurring mineral solids, such as coal and ores; liquid minerals, such as crude petroleum; and gases, such as natural gas. Logistics Service Providers (LSPs) covers entire phases from upstream to downstream and plays a crucial role in the transportation of machinery, drilling equipments, extracted minerals, crude oil & natural gas and refined/ processed products from one place to another.
  • Other End Users - Other end user segment captures the external (outsourced) logistics expenditure incurred by the financial services (BFSI), real estate, educational services, healthcare, and professional services (administrative, waste management, legal, architectural, engineering, design, consulting, scientific R&D), on road freight transport service. Logistics Service Providers (LSPs) plays a crucial role in the reliable movement of supplies and documents to/from these industries such as transporting any equipment or resources required, shipping confidential documents and files, movement of medical goods & supplies (surgical supplies and instruments, including gloves, masks, syringes, equipment) to name a few.
  • Producer Price Inflation - It indicates inflation from viewpoint of the producers viz. the average selling price received for their output over a period of time. Annual change (YoY) of producer price index is reported as wholesale price inflation in the "Inflation" industry trend. As WPI captures dynamic price movements in most comprehensive way, it is widely used by governments, banks, industry, business circles and is deemed important in formulation of trade, fiscal and other economic policies. The data has been used in adjunction to consumer price inflation for better understanding the inflationary environment.
  • Road Freight Pricing Trends - Freight pricing by mode of transport (USD/tonkm), over the review period, has been presented in this industry trend. The data has been used in assessing the inflationary environment, impact on trade, freight turnover (tonkm), road freight transport market demand and hence the road freight transport market size.
  • Road Freight Tonnage Trends - Freight tonnage (weight of goods in tons) handled by mode of transport, over the review period, has been presented in this industry trend. The data has been used as one of the parameters apart from average distance per shipment (km), freight volume (tonkm), and freight pricing (USD/tonkm) to assess the freight transport market size.
  • Road Freight Transport - Hiring a road freight transport logistics service provider (LSP) or haulier (outsourced logistics), for the transport of commodities constitutes road freight transport market. The scope of study includes (i) road transport of goods reported by hauliers registered in the reporting countries (ii) transport of raw materials or manufactured goods (solids as well as fluids) (iii) transport using commerical motor vehicles (rigid trucks or tractor-trailers, (iv) Full-Truck-Load (FTL) or Less than-Truck-Load (LTL) transport (v) containerized or non-containerized transport (vi) temperature controlled or non-temperature controlled trasnport, (vii) short haul or long haul (Over-the-road, OTR) transport, (viii) used office or household goods transport (movers and packers), (ix) other specialized cargo transport (dangerous goods, oversized cargo) and (x) outsourced first mile/ middle mile/last mile delivery shipments undertaken by road freight transport players. The scope does not include (i) transport undertaken by hauliers registered in other countries (ii) last mile meal delivery market (iii) grocery delivery market (iv) transportation via road network undertaken/ reported by Courier, Express, and Parcel (CEP) players.
  • Road Length - As infrastructure plays a vital role in an economy's logistics performance, variables like length of roads, distribution of road length by surface category (paved v/s unpaved), distribution of road length by road classification (expressways v/s highways v/s other roads), have been analysed and presented in this industry trend.
  • Segmental Revenue - Segmental Revenue has been triangulated or computed and presented for all the major players in the market. It refers to the road freight transport market specific revenue earned by the company, over the base year of study, in the geography studied (country or region as per the scope of report). It is computed through the study and analysis of major parameters like financials, service portfolio, employee strength, fleet size, investments, number of countries present in, major economies of concern, etc. that have been reported by the company in its annual reports, webpage. For companies having scarce financial disclosures, paid databases like D&B Hoovers, Dow Jones Factiva have been resorted to and verified through industry/expert interactions.
  • Short Haul Road Freight Transport - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users on local trucking (less than 100 miles). It includes the road transport of goods (i) within a single administrative area and its hinterland, (ii) by smaller trucks and pickup trucks (iii) via containerized as well as dry bulk services (iv) intermodal from ports, container terminals or airports, and (v) outsourced first mile/ last mile delivery shipments undertaken by road freight transport players.
  • Transport and Storage Sector GDP - Value and growth of Transport and Storage Sector GDP has a direct relation to the freight and logistics market size, and hence road freight transport market size. Therefore, this variable has been studied and presented over the review period, in value terms (USD) and as share % of total GDP, in this industry trend. The data has been supported by concise and relevant commentary around the investments, developments, and current market scenario.
  • Trends in E-Commerce Industry - Enhanced internet connectivity and boom in smartphone penetration, coupled with increasing disposable incomes, has led to a phenomenal growth in the e-commerce market globally. Online shoppers require fast and efficient delivery of their orders leading to an increase in the demand for logistics services especially e-commerce fulfilment services. Hence, the Gross Merchandise Value (GMV), historial and projected growth, breakup of major commodity groups in e-commerce industry for the studied geography (country or region as per scope of the report) have been analysed and presented in this industry trend.
  • Trends in Manufacturing Industry - Manufacturing industry involves the transformation of raw materials into finished products, while logistics industry ensures the efficient flow of raw materials to the factory, and the transport of manufactured products to the distributors & consumers. Demand-Supply of both industries are highly cross-linked and critical for a seamless supply chain. Hence, the Gross Value Added (GVA), breakup of GVA into major manufacturing sectors, and growth of manufacturing industry over the review period have been analysed and presented, in this industry trend.
  • Trucking Fleet Size By Type - Market share of truck types is influenced by factors like geographical preferences, major end user industries, truck prices, local production, truck repair & maintenance service peneteration, customer support, technological disruptions (like electric vehicles, digitalization, autonomous trucks) etc. Hence, the distribution (share % for base year of study) of truck parc volume by type of truck, market disruptors, truck manufacturing investments, truck specifications, truck use & import regulations, and market anticipation over the forecast period have been presented in this industry trend.
  • Trucking Operational Costs - The prime reasons for measuring/ benchmarking logistics performance of any trucking company are to reduce operational costs and increase profitability. On the other hand, measuring operational costs helps to identify whether and where to make operational changes to control expenses and identify areas for improved performance. Hence, in this industry trend, trucking operational costs and the variables involved viz. driver wages & benefits, fuel prices, repairs & maintenance costs, tyre costs etc. have been studied over the base year of study, and presented for the geography studied (country or region as per the scope of report).
  • Wholesale and Retail Trade - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the wholesalers and retailers, on road freight transport service. The end user players considered are the establishments primarily engaged in wholesaling or retailing merchandise, generally without transformation, and rendering services incidental to the sale of merchandise. Logistics Service Providers (LSPs) plays a crucial role in the reliable movement of supplies to and finished products from production houses to the distributors and finally to the end customer covering activites like material sourcing, transportation, order fulfillment, warehousing & storage, demand forecasting, inventory management etc.
Keyword Definition
Cabotage Road transport by a motor vehicle registered in a country performed on the national territory of another country.
Cross Docking Cross docking is a logistics procedure where products from a supplier or manufacturing plant are distributed directly to a customer or retail chain with marginal to no handling or storage time. Cross docking takes place in a distribution docking terminal; usually consisting of trucks and dock doors on two (inbound and outbound) sides with minimal storage space. The name ‘cross docking’ explains the process of receiving products through an inbound dock and then transferring them across the dock to the outbound transportation dock.
Cross Trade International road transport between two different countries performed by a road motor vehicle registered in a third country. A third country is a country other than the country of loading/embarkation and than the country of unloading/disembarkation.
Dangerous Goods The classes of dangerous goods carried by Road are those defined by the fifteenth revised edition of the UN Recommendations on the Transport of Dangerous Goods, United Nations, Geneva 2007. They include Class 1: Explosives; Class 2: Gases; Class 3: Flammable Liquids; Class 4: Flammable solids- substances liable to spontaneous combustion; substances which, on contact with water, emit flammable gases; Class 5: Oxidizing substances and organic peroxides; Class 6: Toxic and infectious substances; Class 7: Radioactive material and Class 8: Corrosive substances, Class 9: Miscellaneous dangerous substances and articles.
Direct Shipment Direct shipment is a method of delivering goods from the supplier or the product owner to the customer directly. In most cases, the customer orders the goods from the product owner. This delivery scheme reduces transportation and storage costs, but requires additional planning and administration.
Drayage A drayage is a form of trucking service that connects the different modes of shipping (intermodal), such as ocean freight or air freight. It’s a short-haul trip that transports goods from one place to another, usually before or after its long-haul shipping process. Drayage trucks move cargo to and from various destinations, such as container ships, storage lots, order fulfillment warehouses, and rail yards. Typically, drayage only transports goods in short distances and operates only in one metropolitan area. It also requires only one trucker in a single shift. But despite this, but it plays an important role in long-haul shipping because it gets the goods to the cargo and vice versa. It makes intermodal transport much more efficient and enables the seamless transfer of goods to the end customer.
Dry van A dry van is a type of semi-trailer that's fully enclosed to protect shipments from outside elements. Designed to carry palletized, boxed or loose freight, dry vans aren't temperature-controlled (unlike refrigerated “reefer” units) and can't carry oversized shipments (unlike flatbed trailers).
Final Demand Final demand includes all types of commodities (goods as well as services) consumed as final use and might include personal consumption, or consumption by government, by businesses as capital investment, and as exports. includes all types of commodities (goods as well as services) consumed as final use and might include personal consumption, or consumption by government, by businesses as capital investment, and as exports.
Flatbed Truck A flatbed truck is a type of truck with rigid design. It has a back body that is flatly shaped for easy loading and unloading of goods. The flatbed truck is mostly used to transport heavy, oversized, wide and indelicate goods such as machinery, building supplies or equipment. Due to the truck open body, the goods transported with it must not be vulnerable to rain. By functionality, the flatbed truck is comparable to a flatbed trailer.
Inbound Logistics Inbound logistics is the way materials and other goods are brought into a company. This process includes the steps to order, receive, store, transport and manage incoming supplies. Inbound logistics focuses on the supply part of the supply-demand equation.
Intermediate Demand Intermediate demand includes goods, services, and maintenance and repair construction sold to businesses, excluding capital investment.
International Loaded Place of loading of goods in reporting country (i.e., country in which the vehicle performing the transport is registered) and place of unloading in a different country.
International Unloaded Place of unloading of goods in reporting country (i.e., country in which the vehicle performing the transport is registered) and place of loading in a different country.
OOG cargo Out of Gauge (OOG) cargo is any cargo that can not be loaded into six-sided shipping containers simply because it is too large. The term is a very loose classification of all cargo with dimensions beyond the maximum 40HC container dimensions. That is a length beyond 12.05 meters – a width beyond 2.33 meters – or a height beyond 2.59 meters.
Pallets Raised platform, intended to facilitate the lifting and stacking of goods.
Part load A part load describes goods which only fills a truck partially. In essence, the quantity of the shipment is bigger than the Less Than Truckload (LTL) shipment. Also, the shipment cannot fully occupy a truck i.e. its capacity is much lower than a Full Truckload (FTL) shipment.
Paved Road Road surfaced with crushed stone (macadam) with hydrocarbon binder or bituminized agents, with concrete or with cobblestone.
Reverse Logistics Reverse logistics comprises of the sector of supply chains that process anything returning inwards through the supply chain or traveling ‘backward’ through the supply chain.
Road Freight Transport Service Hiring a trucking agency for transport of commodities (raw materials or manufactured goods including both solids and liquids) form the origin to a destination within the country (domestic) or cross-border (international) constitutes road freight transport market. The service might be Full-Truck-Load or Less than-Truck-Load, containerized or non-containerized, temperature controlled or non temperature controlled, short haul or long haul.
Tautliner vehicle Tautliner and curtainsider are used as generic names for curtain sided trucks/trailers. The curtains are permanently fixed to a runner at the top and detachable rails/poles at front and rear, allowing the curtains to be drawn open and forklifts used all along the sides for easy and efficient loading and unloading. When closed for travel, vertical load restraint straps are attached to a rope rail beneath the truck bed, connecting the truck bed and curtain along both sides. Winches at either end of the curtain tension it, hence the 'Tautliner' name. This stops the curtain from flapping or drumming in the wind and can also help retain light loads from slipping sideways.
Transport for hire or reward The carriage for remuneration of goods.
Unpaved Road Road with a stabilized base not surfaced with crushed stone, hydrocarbon binder or bituminized agents, concrete or cobblestone.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is considered to be a part of the pricing, and the average selling price (ASP) is varying throughout the forecast period for each country
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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Vietnam Road Freight Transport Market Research FAQs

How big is the Vietnam Road Freight Transport Market?

The Vietnam Road Freight Transport Market size is expected to reach USD 26.27 billion in 2025 and grow at a CAGR of 6.40% to reach USD 35.83 billion by 2030.

What is the current Vietnam Road Freight Transport Market size?

In 2025, the Vietnam Road Freight Transport Market size is expected to reach USD 26.27 billion.

Who are the key players in Vietnam Road Freight Transport Market?

A.P. Moller - Maersk, Bee Logistics Corporation, Indo Trans Logistics Corporation, PetroVietnam Transportation Corporation (PVTrans) and Saigon Newport Corporation are the major companies operating in the Vietnam Road Freight Transport Market.

Which segment has the biggest share in the Vietnam Road Freight Transport Market?

In the Vietnam Road Freight Transport Market, the Manufacturing segment accounts for the largest share by end user industry.

Which is the fastest growing segment in the Vietnam Road Freight Transport Market?

In 2025, the Wholesale and Retail Trade segment accounts for the fastest growing by end user industry in the Vietnam Road Freight Transport Market.

What years does this Vietnam Road Freight Transport Market cover, and what was the market size in 2025?

In 2025, the Vietnam Road Freight Transport Market size was estimated at 26.27 billion. The report covers the Vietnam Road Freight Transport Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Vietnam Road Freight Transport Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

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Vietnam Road Freight Transport Market Research

Mordor Intelligence provides a comprehensive analysis of the road freight transport industry, with a focus on detailed insights into the Vietnam trucking sector. Our extensive research covers all aspects of road transportation and road freight services. This includes road cargo transport operations and road haulage systems. The report offers a detailed analysis of the transport market dynamics, emphasizing road shipping trends and freight market developments in Vietnam's rapidly evolving economy.

Stakeholders in the road freight industry gain from our thorough examination of specialized transport solutions and road freight transportation infrastructure. The report, available as an easy-to-download PDF, provides valuable insights into Vietnam industrial transport developments and the expanding trucking sector. Our analysis includes Vietnam smart transportation initiatives and emerging road transport market opportunities. This offers decision-makers actionable intelligence for strategic planning. The comprehensive coverage includes a detailed assessment of Vietnam truck market trends and road freight services, enabling businesses to optimize their operations and capitalize on growth opportunities.