Vietnam’s logistics industry is witnessing an unprecedented boom. Many Vietnamese businesses are determined to invest heavily and reduce costs.
Meanwhile, besides warehouses near the border, foreign enterprises are also investing heavily in Vietnam, not hiding their ambition to gain more market share.
Vietnamese businesses strive to grow
Starting in 2025, many "big guys" in the industry logistics such as Viettel Post, Bee Logistics and Gemadept aim to continuously innovate technology, reduce costs and increase operational efficiency. Projects that have been and are being implemented will be accelerated to expand infrastructure, modern transportation and warehouse networks to create a "big wave" to elevate the Vietnamese logistics industry.
For example, Viettel Post used to mainly deliver last-mile goods. In recent years, according to Mr. Hoang Trung Thanh - General Director of Viettel Post, the company not only wants to develop domestic delivery infrastructure but also aims to build a cross-border logistics system.
With customs bonded warehouse systems at international border gates, Viettel Post will play a key role in connecting Vietnam with countries in Southeast Asia and China.
In fact, the 143-hectare Viettel Logistics Park project in Lang Son, bordering China, was put into operation at the end of 2024, with a total investment of nearly VND3,300 billion. This project not only solves the problem of cargo congestion, especially agricultural products, but also shortens customs clearance time from 3-4 days to just 24 hours. Thanks to that, agricultural products such as dragon fruit and watermelon can now be exported quickly and safely, helping farmers minimize losses due to "border congestion".
Viettel Post also builds logistics centers in key production areas, such as the Mekong Delta and the Central Highlands, to reduce waiting time and save costs.
For example, a refrigerated container truck currently costs about 100 million VND. If the waiting time can be reduced, this cost can be reduced to only 50 - 60 million VND. In addition, reducing the waiting time by 10 days also saves about 20 million VND in parking fees, air conditioning costs for refrigerated containers, etc.
Besides Viettel Post, Bee Logistics also sets a revenue target of 20,000 billion VND by 2027. With its strength in optimizing supply chain and connecting modes of transport, Bee Logistics is rapidly expanding and creating comprehensive logistics solutions for customers globally.
Capital also continues to flow into seaport projects, buying more ships... from Vietnamese enterprises such as Hai An, Gemadept, Viconship...
In port services, Hai An is a well-known enterprise. According to the company representative, at the end of last year, the unit purchased additional large Panamax container ships (3,500 - 5,000 TEU), increasing the total capacity of the fleet by 45%. Hai An also promotes the exploitation of domestic and international transport routes, connecting major ports from Hai Phong, Da Nang, Ho Chi Minh City to Nansha, Qinzhou and Cai Mep - Thi Vai.
In the context of flexibility between internal exploitation and time-limited leasing, Hai An constantly optimizes profits and increases competitiveness.
Meanwhile, Gemadept has been heavily exploiting the deep-water port Gemalink, which has handled more than 3 million TEUs of cargo, far exceeding its designed capacity of 1.5 million TEUs/year. Gemadept is implementing the expansion phase of Gemalink 2A, expected to be completed in 2026, and the Nam Dinh Vu 3 port project with a capacity of 800,000 TEUs, ready to come into operation by the end of 2025.
Attracting foreign capital into warehouses and logistics services
The attractiveness of Vietnam’s logistics industry is attracting many large corporations from the US and China. Mr. Eric Liang, General Director of Best Express Vietnam, commented that the boom in e-commerce, with an annual growth rate of 16-30% and a value of more than 20 billion USD, has created momentum for the logistics industry.
The company entered Vietnam through a franchise model, with its post office network increasing from 450 points at the beginning of 2023 to 600 points by the end of the year. The company is currently processing 2.2 million orders/day, with a sorting time of only 0.5 - 2 seconds/parcel.
This company is having a key project to invest in smart warehouses and transform logistics technology in Vietnam to catch up with the booming e-commerce trend. According to Mr. Eric Liang, Vietnam has a great advantage when it is located on the railway Trans-Asia, connecting from Singapore through Malaysia, Myanmar, Thailand, Laos, Cambodia, Vietnam and to Kunming (China)...
Flexport President Sanne Manders said that before opening an office in Vietnam, the company had provided services to more than 1,300 Vietnamese export factories, helping freight for 500 importers. Vietnam is an important strategic market for Flexport.
International developers such as Mapletree (Singapore), BW Industrial (backed by Warburg Pincus) and GLP Capital's SEA Logistics Partners currently account for nearly three-quarters of the warehouse space for lease in Vietnam.
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