Vietnam Road Freight Transport Market Size, Share, Growth, Demand And Report 2025-2033

Vietnam Road Freight Transport Market Overview

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Size in 2024: USD 21.3 Billion

Market Forecast in 2033: USD 37.4 Billion

Market Growth Rate (2025-33): 5.81%

Vietnam road freight transport market size reached USD 21.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 37.4 Billion by 2033, exhibiting a growth rate (CAGR) of 5.81% during 2025-2033. Increasing trade volumes, economic development, urbanization, the burgeoning manufacturing sector, the rise of e-commerce and the digital economy, and the need for efficient goods distribution represent some of the key factors driving the market.

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Vietnam Road Freight Transport Market Trends and Drivers:

The Vietnam road freight sector is experiencing a major shift due to the rapid implementation of digital freight platforms plus telematics solutions. This change provides no competitive edge now. Instead, this shift requires operational survival as well as efficiency. For logistics firms that do lead aggressively, they implement Transportation Management Systems (TMS), and these systems leverage AI and machine learning as they are optimizing route planning in real-time and as they circumvent the chronic congestion that plagues major national arteries like National Highway 1A. Beyond just software, the physical asset tracking market booms because experts do project that the compound annual growth rate will exceed 15% as installers then install IoT-enabled sensors and GPS trackers. This lets shippers see cargo location with unprecedented granular visibility, monitor condition including temperature and humidity for sensitive goods, also ensure security, thereby dramatically reducing cargo pilferage and spoilage rates. This method using data allows a shift from logistics reacting to logistics predicting, which helps customer satisfaction and trust. This approach is useful since it allows fleets to schedule proactive maintenance, minimize vehicle downtime, and accurately predict Estimated Times of Arrival (ETAs). Agile digitally-native operators are arising within the transition. Firms that are customary also face huge pressure for modernization or face the risk of obsolescence in this market.

Now in Vietnam's freight transport, its ecosystem views sustainability as a core planned imperative. It quickly changed from a business ethical duty plan. This is catalyzed by escalating fuel costs, which can constitute up to 60% of a carrier's operational expenditure, coupled with mounting pressure from multinational clients because they mandate green supply chain practices to meet their own decarbonization targets. Correspondingly, the market is witnessing a concrete surge within pilot programs for electric vehicle (EV) trucks. These programs are concentrated around Hanoi, Ho Chi Minh City, and other major metropolitan areas, especially for short-haul and last-mile delivery routes within industrial zones. At the very same time, strict fleet renewal programs as well as the adoption of Euro 5-compliant diesel vehicles have seen an important increase. Furthermore, advanced logistics providers do implement advanced fuel management systems as these systems can monitor idle times, can track harsh braking, can observe acceleration patterns, and can coach drivers in order to perform eco-friendly habits so that they can save 10-15% in fuel. Innovation within intermodal solutions is even now being fostered by way of this green transition, where road freight is thus tactically integrated with coastal shipping with respect to certain long-haul routes, alleviating road wear-and-tear as well as effectively reducing the carbon footprint.

Unprecedented national investment is physically reshaping Vietnam's road freight market landscape so logistics efficiency and connectivity are being altered fundamentally. Since the massive North-South Expressway project is under construction along with comprising multiple high-capacity component sections, the project will drastically reduce transit times between key economic hubs because initial segments already slash adventure durations by up to 30% compared to customary national highways. This development tactically augments the position of Vietnam in global supply chains because it allows for goods to move in a more smooth and quick manner from deep-sea ports such as Lach Huyen (Haiphong) and Cai Mep (Ba Ria-Vung Tau) to industrial manufacturing heartlands located in the Red River and Mekong Deltas. Consequently, logistics real estate booms due to how a wave consisting of new Grade-A warehousing and distribution centers emerges along all of these new expressway corridors, and that then creates calculated logistics clusters. This infrastructure leap does not only improve domestic freight fluidity but it also critically strengthens key international trade corridors, particularly the Southern Economic Corridor that links Ho Chi Minh City to Phnom Penh and Bangkok, and it strengthens Vietnam's pivotal role in regional overland trade networks while it attracts increased foreign direct investment into the logistics sector.

Vietnam Road Freight Transport Market Industry Segmentation:

Temperature Control Insights:

• Controlled

• Non-controlled

Product Type Insights:

• Liquid Goods

• Solid Goods

Distance Insights:

• Long Haul

• Short Haul

Containerization Insights:

• Containerized

• Non-containerized

Destination Insights:

• Domestic

• International

End User Insights:

• Agriculture, Fishing and Forestry

• Construction

• Manufacturing

• Oil and Gas, Mining and Quarrying

• Wholesale and Retail Trade

• Others

Regional Insights:

• Northern Vietnam

• Central Vietnam

• Southern Vietnam

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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Key highlights of the Report:

• Market Performance (2019-2024)

• Market Outlook (2025-2033)

• COVID-19 Impact on the Market

• Porter’s Five Forces Analysis

• Strategic Recommendations

• Historical, Current and Future Market Trends

• Market Drivers and Success Factors

• SWOT Analysis

• Structure of the Market

• Value Chain Analysis

• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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