Vietnam Road Freight Transport - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026-2031)

The vietnam road freight transport market size is expected to grow from USD 26.27 billion in 2025 to USD 27.94 billion in 2026 and is forecast to reach USD 38.07 billion by 2031 at 6.38% CAGR over 2026-2031. This report is Segmented by End-User Industry (Agriculture, and More), by Destination (Domestic, International), by Truckload (FTL, LTL), by Distance (Long Haul, Short Haul), by Goods (Fluid Goods, Solid Goods), by Temperature Control (Non-Temperature, Temperature Controlled), and by Containerization (Non-Containerized, Containerized). The Market Forecasts are Provided in Terms of Value (USD).

Vietnam Road Freight Transport Market Trends and Insights

Fleet Renewal Accelerated by 2025 Euro-5 Emission Mandate

Vietnam enforces Euro-5 standards for new trucks from 2025, compelling retirement of pre-2015 diesel units that still constitute over 90% of long-haul capacity. Retrofit costs of USD 8,000-12,000 a vehicle and informal borrowing rates above 12% constrain owner-operators. Larger fleets leverage bank loans and operating leases to order compliant assets, widening their cost advantage. GOZO Express’s 2,000-unit VinFast electric‐van order in 2024 illustrates urban-delivery compliance pathways, even though charging gaps limit e-truck adoption on 500 km hauls. Fleet renewal, therefore, rewards scale, pushes consolidation, and adds near-term capital stress that influences pricing across the Vietnam road freight transport market.

Cold-Chain Boom for Pharma & Fresh Produce Distribution

Drug imports topped USD 7 billion in 2024, with biologics requiring tight 2 °C-8 °C control. SATRA’s HACCP-certified warehouses, rising 8% yearly through 2030, underscore the push for certified cold infrastructure. Export-quality fruit shipped to Japan and the EU must maintain sub-4 °C profiles, and one temperature spike triggers rejection and financial loss. Shippers pay 40-60% premiums for reliable reefer capacity, allowing compliant operators to escape margin-squeezing spot markets. Urban e-grocery adds last-mile complexity, demanding GPS‐logged, multi-zone micro-reefers that few small carriers can finance.

Chronic Long-Haul Driver Shortage Amid Aging Workforce

Average driver age reaches 48, and less than 15% are under 35, shrinking the recruitment pipeline. Long runs demand 3-4 days away from home, yet carriers cannot fully offset higher wage demands amid tight freight margins. Hour limits cut productivity, so fleets must hire more drivers per truck. Large carriers retain staff through benefits programs, but small operators often rely on family drivers, magnifying capacity shortages during harvest peaks.

Other drivers and restraints analyzed in the detailed report include:

• Rapid Shift of SMEs Toward 3PL Outsourcing to Cut Compliance Costs
• Build-Out of Dedicated Logistics Hubs Along the North-South Corridor
• High Empty-Return Ratio on Northbound Lanes Eroding Margins

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Manufacturing held the largest 36.30% slice of the Vietnam road freight transport market share in 2025, anchored by electronics and auto-parts clusters in Bac Ninh and Thai Nguyen. Wholesale & retail trade, propelled by e-commerce marketplaces, is projected to outpace all other verticals at a 7.10% CAGR. Predictable volumes enable dedicated full-truck-load contracts, though any production halt instantly removes freight demand and exposes carriers to idle-asset risk. Fragmented parcel flows support the Vietnam road freight transport market size for less-than-truck-load services, driving network densification around urban consolidation hubs.

The construction segment fluctuates with infrastructure stimulus, complicating capacity planning. Oil & gas and mining require specialized heavy-haul assets, offering niche premiums yet low frequency. Agriculture seeks traceability and cold-chain compliance, rewriting service benchmarks: reefer trucks must now document real-time temperature data to remain on exporter vendor lists. Diversified “others” such as healthcare and consumer staples offer steady volumes that buffer macro cycles but demand technology-enabled visibility to meet distributor standards.

Domestic hauls dominated 68.48% of the Vietnam road freight transport market share in 2025, leveraging a linear geography that channels flows between Hanoi, Da Nang, and Ho Chi Minh City. International tonnage, though smaller, is forecast to grow 7.64% annually as e-TIR carnets slash border clearance to under 12 hours. Expressway additions cut Hanoi-HCMC transit to under 24 hours, unlocking next-day delivery and compressing inventory pipelines. Carriers equipped with compliant IT systems and bonded yards capture electronics and fresh-produce export surges into southern China and Thailand, enlarging the Vietnam road freight transport market size for cross-border lanes.

Persistent imbalance on return legs, however, reduces lane yields. Harmonization delays in Laos and Cambodia restrain broader ASEAN uptake, and digital carnet IT costs deter micro-carriers. Nevertheless, early adopters like GEODIS leverage Asia Road Network corridors to bundle road, sea, and air packages that shorten overall door-to-door cycles for high-tech shippers.

Full-truck-load preserved an 81.30% majority share in 2025 because industrial corridors still generate predictable palletized quantities that fill entire rigs. Cost efficiency and cargo-security needs keep FTL terms attractive for exporters. Yet less-than-truck-load growth at 6.99% CAGR signals the rising influence of online retail and dispersed SME consignors.

LTL networks need regional sort centers and route-optimization software, raising entry barriers that entrepreneurial digital platforms try to breach. ViettelPost scales cross-border parcel routes by consolidating Vietnamese SME orders into trunk LTL line-hauls, enlarging its foothold within the Vietnam road freight transport market.

Complete Report Scope:

• End User Industry
  • Agriculture, Fishing, and Forestry
  • Construction
  • Manufacturing
  • Oil and Gas, Mining and Quarrying
  • Wholesale and Retail Trade
  • Others
• Destination
  • Domestic
  • International
• Truckload Specification
  • Full-Truck-Load (FTL)
  • Less than-Truck-Load (LTL)
• Containerization
  • Containerized
  • Non-Containerized
• Distance
  • Long Haul
  • Short Haul
• Goods Configuration
  • Fluid Goods
  • Solid Goods
• Temperature Control
  • Non-Temperature Controlled
  • Temperature Controlled

List of Companies Covered in this Report:

• A.P. Moller-Maersk
• ASG Corporation
• Aviation Logistics Corporation
• Bee Logistics Corporation
• CMA CGM Group (Including CEVA Logistics)
• DHL Group
• Expeditors International of Washington, Inc.
• Gemadept
• GEODIS
• Hop Nhat International Joint Stock Company
• Indo Trans Logistics Corporation
• Kintetsu World Express (KWE)
• Linfox Pty Ltd.
• MACS Shipping Corporation (MACS)
• MP Logistics
• Nguyen Ngoc Logistics Corporation
• Nippon Express Holdings
• NYK (Nippon Yusen Kaisha) Line
• PetroVietnam Transportation Corporation (PVTrans)
• Royal Cargo, Inc.
• Saigon Newport Corporation
• Transimex
• U&I Logistics Corporation
• VNT Logistics
• Viet Total Logistics Co., Ltd.
• Vietnam Foreign Trade Logistics Joint Stock Company (VINATRANS)
• ViettelPost (including Viettel Logistics)

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support