Express delivery services in Vietnam

Allied Market Research

[147 Pages] The major drivers of the Vietnam express delivery services market are the booming e-commerce sector, the expansion of international trade services in Vietnam, and the increase in B2C deliveries. The COVID-19 outbreak has led to flight cancellations, quarantines and travel bans, slowing down the business of express delivery services in Vietnam. The B2C segment contributed the largest market share in 2021, accounting for more than three-fifths of the overall market share.

Portland, OR, June 21, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the Express delivery services market in Vietnam accumulated $0.71 Billion in 2021 and is projected to gross $4.88 Billion by 2030, registering a CAGR of 24.1% from 2022 to 2030. The report offers a detailed analysis of the changing trends of the market, major segments, key investment pockets, value chain, regional landscape, and competitive scenario.

The major drivers of the Vietnam express delivery services market are the booming e-commerce sector, the expansion of international trade services in Vietnam, and the increase in B2C deliveries. Additionally, significant increase in digitalization, large investments in logistics and technological upgrading of delivery vehicles will generate new growth opportunities for the Vietnam express delivery services market. However, high operating costs and lack of infrastructure growth will pose a threat to market expansion.

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COVID-19 scenario:

  • The COVID-19 outbreak has led to flight cancellations, quarantines and travel bans, slowing down the business of express delivery services in Vietnam.

  • The COVID-19 pandemic has also created a huge economic impact on the growth of express delivery services in Vietnam market due to the lockdown resulting in low labor mobility across the country.

  • B2C express delivery services in Vietnam have grown during the pandemic due to the booming e-commerce and online retail business. Nevertheless, B2B express delivery services in the country have suffered during the pandemic.

The report offers a detailed segmentation of the Vietnam Express Delivery Services market based on application, end-use, destination, and region.

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Based on applications, the B2C segment contributed the largest market share in 2021, accounting for more than three-fifths of the overall global market share for express delivery services in Vietnam. Nevertheless, the B2B segment is expected to register the highest CAGR of almost 25.4% from 2022 to 2030.

Based on end-use, the e-commerce platforms segment accounted for the largest market share in 2021, contributing about four-fifths of the overall express delivery services market share in Vietnam. Nevertheless, the document services segment is expected to register the highest CAGR of around 25.9% from 2022 to 2030.

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On the basis of destination, the domestic segment contributed the largest share of the express delivery services market in Vietnam in 2021, contributing more than three-fifths of the overall market share of the global express delivery services in Vietnam . However, the international segment is expected to register the highest CAGR of around 25.7% from 2022 to 2030.

The key players profiled in the global Vietnam Express Delivery Services market research report are Nin Sing Logistics Company Limited (Ninja Van), GHN (Fast Delivery), Viettel Post, BEST Express Vietnam (BEST Inc.), Swift247, GHTK, J&T Express (Vietnam), Nhat Tin Logistics, Kerry Express (Vietnam), Nasco Logistics JSC and VNPost.

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