1. Vietnam's logistics market is currently worth $60 billion and growing at 20-25% annually. There are around 1,000 logistics firms operating in Vietnam, with 25 being foreign firms that hold 80% of the total market share worth $48 billion. 2. Foreign ocean shipping companies totally dominate the ocean shipping market in Vietnam. Many seaports and airports lack supporting distribution centers, resulting in increased costs for transport via truck, ship, and plane. 3. The logistics sector is expected to continue growing at an annual rate of 20-25% over the next 5 years, fueled by increasing foreign investment in Vietnam from multinational companies like Nike, Intel, and Samsung.

1. 5. KEY FEATURES
2. MARKET SIZE1. MARKET SEGMENTATION
Source: StoxPlus
IndustrialTransportation
Delivery Services Forwarding
Marine Transportation Ocean Shipping
Railroads
Transportation Services
Distribution Center
Port Operation
Air Cargo Terminal
Project Cargo Transport
Trucking Inland Transport
100%
102%
104%
106%
108%
110%
112%
114%
0
200000
400000
600000
800000
1000000
1200000
2009 2010 2011 2012 2013 2014
Thousandtons
Total volume of freight traffic Growth rate
Vietnam’s logistics market is currently worth US$60 billion. In total, there are around 1,000 logistics firms – 25 of
which are foreign firms. Foreign firms of note are Maersk Logistics, APL Logistics, NYK Logistics and MOL Logistics.
Most foreign firms can offer third or fourth party logistics (3PL or 4PL) services while Vietnam domestic firms can
only handle 2PL services. Foreign firms currently hold 80 percent of the market share, worth US$48 billion.
For ocean shipping, foreign players are totally dominating the market. Almost all global giant shipping lines have
their own logistics companies in Vietnam i.e. APL has APL logistics, NYK has NYK logistics, OOCL has OOCL logistics.
Many seaports and airports also lack supporting distribution centers, which can result in increased inventory and idle
time for trucks, ships and planes.
The average growth of Vietnam’s logistics sector is estimated at 20% yoy. There is an increasing number of multi-
national corporations( e.g. Nike, Intel, Nokia, Samsung) investing in Vietnam showing large opportunity for local
forwarding and warehousing development. The sector’s annual growth rate is expected to remain around 20-25%
in the next 5 years.
Market sizing by volume of freight traffic, 2009 - 2014
4. KEY FINANCIALS OF TOP 10 PLAYERS
(listed companies only)
3. MARKET SHARE
Company
Total assets
(US$ million)
Net Revenue
(US$ million)
EBITDA
(US$ million)
ROA ROE
PVTrans 113.54 175.77 40.24 14.06% 25.55%
Vietnam Sun 381.34 140.45 50.41 6.72% 11.34%
Gemadept 262.59 127.77 20.20 0.56% 7.48%
Mai Linh Group 14.40 105.46 1.03 4.10% 6.57%
Vinalines Logistics Viet Nam 237.36 94.97 26.62 1.36% 5.63%
Vietnam Ocean Shipping 23.38 79.36 2.67 9.35% 22.91%
VINAFREIGHT 20.57 75.72 7.49 22.46% 69.92%
Saigon Beer Transportation 98.31 71.15 18.05 2.41% 5.00%
Vitaco - Vietnam Tanker 17.72 61.44 2.95 11.96% 32.27%
Viettel Post 113.54 175.77 40.24 14.06% 25.55%
60
43
37
24 23 23
20 20 20
9
6 5 4
0
10
20
30
40
50
60
70
Thousands
Capacity of key players in Cold Storage Sector
Source: StoxPlus
If you want to have further information, please contact person below:
Research
Ms. Lan Nguyen
Senior Manager
lan.nguyen@stoxplus.com
+84(4) 35626962 (ext.109)
Business Information
Ms. Hue Vuong
Managing Director
hue.vuong@stoxplus.com
+84(8) 38233485 (ext.802)
Financial Information
Ms.Trang Truong
Managing Director
trang.truong@stoxplus.com
+84(4) 35626962 (ext.114)
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FACT SHEET
Dated September 25th 2015