Vietnam Express Delivery Service Market Size, Share, Growth Analysis Report - Forecast 2034

Vietnam Express Delivery Service Industry Perspective

Vietnam express delivery service market size was worth around USD 1.36 billion in 2024 and is predicted to grow to around USD 10.65 billion by 2034, with a compound annual growth rate (CAGR) of roughly 22.86% between 2025 and 2034. The report analyzes the drivers, restraints/challenges, and their effects on demand in the Vietnam express delivery service market during the projection period. In addition, the report explores emerging opportunities in the Vietnam express delivery service industry. In this report, we will provide a comprehensive overview of the growth drivers, opportunities, and obstacles in the Vietnam express delivery service market from 2023 to 2030.

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Vietnam Express Delivery Service Market: Overview

Express Delivery is a shipping platform that delivers various goods and products through mediums such as air, water, and land. Some extra money for shipping would be charged to the intended customer, and the products will reach them within the time span of 24 to 72 hours depending on their location.

Express shipping is slightly expensive compared with other forms of transportation systems. However, they are very reliable and safe when it comes to preserving and delivering your product on time. They operate on a B2B (business-to-business) model, B2C (business-to-customer) model, or C2C (customer-to-customer) model as well. The products or goods transportable include anything from letters to documents, consumer goods, and non-palletized goods. It is not only mere delivery, but they also have other arbitrary services such as packaging, labeling, billing, return, and exchange.

They are also widely leveraged by brands and e-commerce platforms for delivering goods to customers in optimal time. Customers also place orders for food products or sometimes jewelry and would not mind spending money for proper, safe delivery.

Key Insights

• As per the analysis shared by our research analyst, the Vietnam express delivery service market is estimated to grow annually at a CAGR of around 22.86% over the forecast period (2025-2034).
• Regarding revenue, the Vietnam express delivery service market size was valued at around USD 1.36 billion in 2024 and is projected to reach USD 10.65 billion by 2034.
• The Vietnam express delivery service market is projected to grow at a significant rate due to growth booming e-commerce, rising cross-border trade, urbanization, increasing consumer demand for fast shipping, and infrastructure improvements.
• Based on Application, the B2B segment is expected to lead the market.
• On the basis of End Use, the E-commerce Platform segment is growing at a high rate and will continue to dominate the market.
• Based on the Destination, the Domestic segment is projected to capture the largest market share.
• Based on region, Asia-Pacific is predicted to dominate the market during the forecast period.

Vietnam Express Delivery Service Market: Growth Drivers

Rising e-commerce industries along with growing reliance on B2C deliveries, fuel market growth

The growth of e-commerce industries and rampant B2C deliveries in current times are expected to drive market growth. International trade services across the world have seen an improvement that will indirectly aid the market.

The pandemic has triggered an increase in the import and export of raw materials, consumer goods, and products, which is also seen as a growth driver for the market. Food & beverages and healthcare fields have incorporated online delivery systems in recent times, which has spiked the demand for these services. Healthcare especially has been leveraging these delivery services effectively to deliver significant samples and medicines on time to save lives. This high demand for quality, availability, accuracy, and cost control in the healthcare sector places high expectations on logistics solutions, thereby triggering market growth.

Express delivery services are also extensively used by e-commerce platforms to offer a better customer experience by delivering parcels in less time. Apart from this, consumers rely on these services exclusively for receiving food products and luxury items like jewelry. These different leverage applications of express delivery services by the consumers work as effective growth drivers of the Vietnam express delivery service market.

Vietnam Express Delivery Service Market: Restraints

Higher operation costs along with lack of infrastructure are restraints for market growth

The lack of infrastructure and innovations in the delivery service platforms hinders market growth to some extent. Apart from this, the operational cost of delivery services and logistics expenses are on the higher side, impacting affordability for consumers. This factor also hinders market growth considerably.

Vietnam Express Delivery Service Market: Opportunities

Emerging technological advancements and the recent possibility of last-mile deliveries are opportunities for the market.

The rise in technological advancements and the effect of last-mile deliveries with the help of advanced vehicles offer lucrative opportunities to the market. Value-added delivery services, when coupled with the introduction of faster delivery systems, are also factors supporting the market prospectively in the future. Adoption of smartphones and improving internet access have influenced many businesses to incorporate online delivery channels, providing opportunities for expansion of the market.

Vietnam Express Delivery Service Market: Challenges

Increasing demand for the express delivery service industry due to the prevalence of the pandemic poses a challenge for the market

The outbreak of COVID-19 made people shop from home, thereby heavily relying on delivery services to transport essential goods. This has increased the demand for express delivery services, depending on effective infrastructure and efficient transport systems to meet the expectations of the consumers. This need for improvement in transport mediums and infrastructure to satisfy this massive demand poses a challenge for the express delivery service market.

Higher cost of delivery services combined with the expense of total logistics poses a challenge for the market

Weak transport infrastructure and a lack of faster vehicles have inflated the prices of service delivery. This reduces the affordability of delivery services, thereby bringing down its overall leverage. This is a potential challenge to the growth of the market.

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Vietnam Express Delivery Service Market: Segmentation

Vietnam express delivery service market in this research analysis is classified by business type, destination, end-user, and region.

Based on business type, the market is segmented into B2B and B2C segments. The B2C segment is projected to register the fastest CAGR over the forecast period, establishing itself as the dominant high-growth category. This momentum is fueled by the rising popularity of e-commerce, driven by increasing internet and smartphone penetration. The segment's growth bolsters the overall market by enabling high transaction volumes through online marketplaces, encouraging the adoption of digital payment systems, and intensifying the need for reliable last-mile delivery solutions, all of which elevate both market revenue and innovation. The B2B segment follows as a strong secondary contributor, supporting commercial business shipments.

Based on destination, the market is bifurcated into domestic and international. The domestic segment maintains the largest market share and is expected to remain the fastest-growing segment over the forecast period. This leadership is attributed to accessible transportation networks and supportive government policies. Consequently, the domestic market drives industry-wide growth by providing cost-effective convenience to customers and generating higher profitability than international routes. It also encourages the development of dense local networks and the rapid scaling of immediate-delivery options. Meanwhile, the international segment holds the second-largest position, propelled by rising cross-border e-commerce activity.

The end-user comprises BFSI, automotive, pharmaceuticals, IT & telecom, electronics, retail & e-commerce, and others. Retail and e-commerce is the leading end-user segment driven by the rapid expansion of online shopping. This dominance drives overall market growth by generating continuous high-volume parcel demand, stimulating investments in tracking technology and logistics networks, reinforcing trends toward faster delivery options, and encouraging capacity expansion that strengthens the entire industry. Other sectors such as electronics and pharmaceuticals represent important secondary segments with specialized delivery needs.

Recent Development

• In May 2021, DHL International GmbH launched cutting-edge equipment, DHL smart sensors, and an automated container unloading system to avoid misplacement of parcels and facilitate transportation.
• In December 2021, VNPost, Vietnam's largest postal operator, launched a new express delivery service called "eParcel Express" aimed at meeting the growing demand for e-commerce deliveries. The service offers same-day and next-day delivery options for both domestic and international shipments.
• In November 2021, GrabExpress, an on-demand delivery service arm of ride-hailing giant Grab that has live GPS tracking, expanded its express delivery services to cover more areas in Vietnam. The company now offers on-demand delivery services in over 200 cities and provinces in Vietnam, including remote and rural areas.
• In October 2021, Giao Hang Tiet Kiem, a dominant Vietnamese logistics and delivery company, secured a $100 million investment from a consortium of investors, including Warburg Pincus, Temasek Holdings, and SoftBank Vision Fund 2. The funding will be used to expand the company's logistics network and enhance its technology platform.

Vietnam Express Delivery Service Market: Report Scope    

Vietnam Express Delivery Service Market: Regional Landscape

Vietnam contributes to the market growth of express delivery by being the largest consumer

The increase in value-added services in express delivery contributes to market growth in Vietnam. There are distinct types of services that are becoming prominent in the region, which fuels market growth here. Grading, the assortment of products, labeling, packaging, and security tagging are some of the extra services that are gaining traction in this region.

This regional leadership within Vietnam drives overall market growth by concentrating economic activity and logistics hubs, attracting major investments in networks and technology, accelerating adoption of advanced delivery solutions, and influencing national trends toward efficient and scalable express services that expand market reach and competitiveness.

Vietnam Express Delivery Service Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the Vietnam express delivery service market on a national and regional basis.

The Vietnam express delivery service market is dominated by players like:

• GHN (Fast Delivery)
• BEST Express Vietnam (BEST Inc.)
• GHTK
• J&T Express (Vietnam)
• Kerry Express (Vietnam)
• Nasco Logistics JSC
• Nhat Tin Logistics
• Nin Sing Logistics Company Limited (Ninja Van)
• Swift247
• Viettel Post
• VNPost

The Vietnam express delivery service market is segmented as follows;

By Business Type

• Business-to-Business (B2B)
• Business-to-Consumer (B2C)

By Destination

• International
• Domestic

By End-user

• BFSI
• Automotive
• Pharmaceuticals
• IT & Telecom
• Electronics
• Retail & E-commerce
• Others

By Region

• Northern Vietnam
• Central Vietnam
• Southern Vietnam