Vietnam Courier Services and E-Commerce Market
Shanghai, China – The Vietnam courier services and e-commerce landscape is witnessing a remarkable transformation, showcasing immense potential. In 2021, the market for Vietnam courier services stood at US$710 million, soaring to US$900 million in 2022. Projections indicate that it will surpass an astounding US$4.9 billion by 2030, boasting an impressive CAGR of around 23.8% from 2023 to 2030.
Vietnam Courier Services, a pivotal player in this growth story, presents an array of offerings, including expedited same or next day delivery, seamless international logistics, and specialized refrigerated transport for perishable goods. Through a combination of motorcycles, trucks, and airplanes, the sector ensures efficient and rapid package delivery across Vietnam.
The Ministry of Trade and Industry in Vietnam has reported an exceptional surge in the e-commerce arena. In 2022, the retail e-commerce market soared to approximately US$16.4 billion, constituting a significant 7.5% of total retail sales and ranking second in Southeast Asia in online shopping, following Singapore. The CAGR for e-commerce retail sales from 2018 to 2022 demonstrated a remarkable growth rate of 19.3%. Leading platforms such as Shopee, Lazada, Tiki, and Sendo collectively achieved a substantial revenue of VND135 trillion (about US$5.75 billion) in 2022.
E-marketer has positioned Vietnam among the world’s top 5 nations for e-commerce growth, showcasing a consistent annual expansion rate of 20%. The 2022 Vietnam E-Commerce White Paper forecasts remarkable achievements, including a record-breaking 57 million online shoppers and 74.8% of internet users participating in online purchases. Notably, Vietnam’s online shopping transactions reached US$260-285 per capita for the first time, with B2C e-commerce capturing over 7% of total retail sales, reaching 7.5%.
CRI’s research outlines the trajectory, projecting e-commerce retail sales to reach a staggering US$50.94 billion by 2032, propelled by a promising CAGR of 12% from 2023 to 2032.
Vietnam Express Industry Research Report 2023-2032
https://www.cri-report.com/vietnam-express-industry-research/
Vietnam’s current retail market, valued at approximately US$250 billion, offers substantial room for e-commerce growth. With the government targeting to elevate e-commerce sales to 20% of total retail sales, the landscape is poised for further expansion. The Vietnam E-Commerce White Paper 2022 predicts that the country’s e-commerce market will touch US$39 billion by 2025, solidifying its place as a Southeast Asian leader in e-commerce development. This burgeoning sector creates opportunities for both local and foreign logistics services, particularly courier companies. The Vietnam E-Commerce and Digital Economy Agency (iDEA) anticipates a US$23 billion e-commerce market by 2025, driven by online shoppers accounting for 55% of the population with an average annual spending of $600, aligning with the government’s vision.
The journey ahead is undeniably exciting as Vietnam’s courier services and e-commerce sectors converge to create an economic powerhouse, fostering innovation, growth, and opportunities for all stakeholders involved.
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Eileen Gu
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