The Vietnam courier, express and parcel (CEP) services market is valued at US$710 million in 2021, reaching US$900 million in 2022 and is expected to exceed the US$4.9 billion mark by 2030, growing at a CAGR of about 23.8% from 2023 to 2030.

Vietnam Courier Services offers a range of services including same or next day delivery, international delivery and specialized services such as refrigerated transport of perishable goods. Courier services in Vietnam use a variety of transportation methods, including motorcycles, trucks and airplanes, to ensure fast and efficient delivery of packages.

According to the Ministry of Trade and Industry, in 2022, Vietnam’s retail e-commerce market is estimated to be US$16.4 billion, accounting for 7.5% of the country’s total retail market sales and the second highest percentage of online shopping in Southeast Asia, after Singapore.The CAGR of Vietnam’s e-commerce retail sales from 2018-2022 reached 19.3%.In 2022, Shopee, Lazada, Tiki and Sendo are the top four e-commerce platforms in Vietnam with a total revenue of VND135 trillion (approximately US$5.75 billion).

Vietnam’s e-commerce industry is ranked by eMarketer as one of the top 5 countries in the world for e-commerce growth with an annual growth rate of 20%. According to the 2022 Vietnam E-Commerce White Paper, Vietnam’s e-commerce economy 2022 will set a number of annual records.

Specifically, the number of online shoppers in Vietnam will reach 57 million for the first time in 2022, and 74.8% of Vietnam’s Internet users will shop online. In addition, for the first time, Vietnam’s online shopping transactions reached US$260-285 per capita, and the market share of B2C e-commerce in Vietnam’s total retail sales of consumer goods and services exceeded 7%, reaching 7.5%.

According to CRI, the retail sales of e-commerce will reach US$ 50.94 billion in 2032 and the CAGR in 2023 to 2032 is 12%.

Currently, Vietnam’s retail market size is about US$250 billion, providing vast space for e-commerce development. The Vietnamese government has proposed a target to increase the share of e-commerce sales to 20% of total retail sales. According to the Vietnam E-Commerce White Paper 2022, Vietnam’s e-commerce market will reach US$39 billion by 2025, ranking second in Southeast Asia in terms of e-commerce growth. The growing e-commerce sector will provide opportunities for the country’s foreign and local logistics services, particularly courier services. The Vietnam E-Commerce and Digital Economy Agency (iDEA) predicts that Vietnam’s e-commerce market will reach $23 billion by 2025. According to the Vietnamese government’s plan, by 2025, the number of online shoppers will account for about 55% of the country’s total population and the average annual spending will reach $600.

Topics covered:

• Vietnam Express Industry Overview
• The economic and policy environment of Vietnam’s express industry
• What is the impact of COVID-19 on the courier industry in Vietnam?
• Vietnam courier industry market size, 2023-2032
• Analysis of major Vietnamese courier industry producers
• Key Drivers and Market Opportunities in Vietnam’s Express Industry
• What are the key drivers, challenges and opportunities for the express industry in Vietnam during the forecast period 2023-2032?
• Which companies are the key players in the Vietnam courier industry market and what are their competitive advantages?
• What is the expected revenue of Vietnam courier industry market during the forecast period of 2023-2032?
• What are the strategies adopted by the key players in the market to increase their market share in the industry?
• Which segment of the Vietnam courier industry market is expected to dominate the market by 2032?
• What are the main unfavorable factors facing the express industry in Vietnam?

Table of Contents

1 Overview of Vietnam

1.1 Geographical situation

1.2 Demographic structure of Vietnam

1.3 The economic situation in Vietnam

1.4 Minimum Wage in Vietnam 2013-2022

1.5 Impact of COVID-19 on the Vietnamese courier industry

2 Vietnam Express Industry Overview

2.1 History of Vietnam’s express industry

2.2 Industrial chain of Vietnam express industry

2.3 Main franchise models in Vietnam’s express delivery industry

2.4 Policy Environment of Vietnam Express Industry

3 Vietnam express industry supply and demand situation

3.1 Supply situation of the express industry in Vietnam

3.2 The demand situation of the express industry in Vietnam

3.2.1 E-commerce

3.2.2 International Trade

4 Vietnam courier industry cost analysis

5 Vietnam courier industry market competition

5.1 Barriers to entry in Vietnam’s express industry

5.1.1 Scale Barrier

5.1.2 Technical Barriers

5.1.3 Capital Barriers

5.2 Competitive Structure of Vietnam Express Industry

5.2.1 Bargaining power of suppliers in the express delivery industry

5.2.2 Consumer bargaining power

5.2.3 Competition in Vietnam’s Express Industry

5.2.4 Potential Entrants in Vietnam Express Industry

6 Analysis of major brand companies in Vietnam’s express industry

6.1 VN Post (Vietnam Post Company)

6.1.1 VN Post Company Profile

6.1.2 VN Post’s operation status

6.2 Viettel Post Joint Stock Corporation

6.2.1 Viettel Post Joint Stock Corporatio Company Profile

6.2.2 Viettel Post Joint Stock Corporation’s Operations

6.3 DHL Express Vietnam

6.3.1 DHL Express Vietnam Company Profile

6.3.2 DHL Express Vietnam Operations

6.4 FedEx Express Vietnam

6.4.1 FedEx Express Vietnam Company Profile

6.4.2 FedEx Express Vietnam Operations

6.5 J&T Express

6.5.1 J&T Express Company Profile

6.5.2 Operations of J&T Express

6.6 EMS Vietnam

6.6.1 EMS Vietnam Company Profile

6.6.2 EMS Vietnam Operations

6.7 Swift247

6.7.1 Swift247 Company Profile

6.7.2 Swift247’s Operations

6.8 GHN Express

6.8.1 GHN Express Company Profile

6.8.2 Operations of GHN Express

6.9 Nin Sing Logistics Company Limited (Ninja Van)

6.9.1 Nin Sing Logistics Company Limited Company Profile

6.9.2 Nin Sing Logistics Company Limited Company Operations

6.10 GHTK

6.10.1 GHTK Company Profile

6.10.2 GHTK’s Operations

7 Vietnam Express Industry Outlook 2023-2032

7.1 Analysis of development factors of the express industry in Vietnam

7.1.1 Drivers and Development Opportunities for Vietnam’s Express Industry

7.1.2 Threats and Challenges to Vietnam’s Express Industry

7.2 Vietnam Express Industry Supply Forecast

7.3 Vietnam courier industry market demand forecast

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