Vietnam Warehousing Market Growth & Size 2026-2035

Market Overview

The Vietnam warehousing market reached a value of USD 5.84 billion in 2025 and is projected to grow at a CAGR of 11.20% during 2026–2035. By 2035, the market is expected to attain USD 16.88 billion, reflecting strong expansion supported by industrialization, export-oriented manufacturing, and the rapid growth of e-commerce. Vietnam’s strategic location in Southeast Asia, coupled with favorable trade agreements and competitive labor costs, has strengthened its role as a regional manufacturing and logistics hub, thereby increasing demand for modern warehousing infrastructure.

The market is undergoing transformation from traditional storage facilities to advanced, technology-enabled warehouses offering integrated logistics solutions. Automation, digital inventory systems, and cold chain development are emerging as critical components in meeting the evolving needs of diverse industries.

Market Segmentation by Type

By type, the market is segmented into general warehousing, cold storage warehousing, and others. General warehousing accounts for a significant share due to its widespread use across manufacturing, retail, and consumer goods sectors. These facilities primarily handle dry goods, raw materials, and finished products, serving as distribution centers for domestic and export markets.

Request a Free Sample Report With Table of Contents

Cold storage warehousing is witnessing faster growth, driven by increasing demand for temperature-controlled logistics in food and beverage, pharmaceuticals, and agriculture. Rising exports of seafood, fruits, and processed food products have amplified the need for modern cold chain facilities that ensure product quality and compliance with international standards. Investments in energy-efficient refrigeration systems and temperature monitoring technologies are enhancing operational efficiency and reliability.

The others segment includes specialized warehouses designed for hazardous materials, chemicals, and high-value goods, contributing to niche but steady demand within industrial clusters.

Market Segmentation by Ownership

Based on ownership, the market is categorized into bonded warehouses, non-bonded warehouses, and others. Bonded warehouses play a vital role in Vietnam’s export-driven economy. These facilities allow importers to store goods without immediate payment of customs duties, providing flexibility and improving cash flow management. The growth in foreign direct investment and cross-border trade has significantly increased the demand for bonded storage solutions.

Non-bonded warehouses dominate the domestic distribution landscape. They support local manufacturers and retailers by offering storage and distribution services within Vietnam. The expansion of urban retail networks and e-commerce platforms has accelerated the development of non-bonded warehouses, particularly in major cities such as Ho Chi Minh City and Hanoi.

The others category includes privately owned and specialized storage facilities tailored to specific industrial requirements, contributing to diversified market growth.

Market Segmentation by End Use

By end use, the market serves consumer goods, textile and footwear, retail, and others. The consumer goods segment holds a substantial share, supported by rising disposable incomes and growing urban populations. Increasing consumption of packaged foods, electronics, and household products has fueled the need for efficient storage and distribution systems.

The textile and footwear segment is another major contributor, as Vietnam is a leading exporter of garments and footwear. Warehousing facilities are essential for managing raw materials and finished goods before shipment to global markets. The retail segment is experiencing rapid growth due to the expansion of supermarkets, convenience stores, and online retail channels. This trend has intensified the demand for strategically located distribution centers to ensure faster delivery and optimized inventory management.

Other end users include automotive, electronics, and pharmaceuticals industries, which require specialized warehousing solutions to meet regulatory and operational standards.

Regional Analysis

Southern Vietnam leads the warehousing market, particularly around Ho Chi Minh City and key industrial provinces such as Binh Duong and Dong Nai. The presence of industrial parks, export processing zones, and major seaports has driven strong demand for large-scale and modern warehouses.

Northern Vietnam, including Hanoi, Bac Ninh, and Hai Phong, is emerging as a significant logistics hub due to increasing manufacturing investments and proximity to China. The development of transport infrastructure, including highways and ports, is further enhancing regional connectivity.

Central Vietnam is gradually gaining attention with the expansion of industrial zones and improvements in port facilities, although it remains less developed compared to the northern and southern regions.

Market Dynamics

Strong economic growth, increasing foreign direct investment, and expanding trade agreements such as CPTPP and EVFTA are primary growth drivers. The surge in e-commerce has created demand for last-mile delivery centers and technologically advanced warehouses equipped with real-time tracking systems. Infrastructure development, including highways, ports, and airports, is also facilitating efficient logistics operations.

However, the market faces challenges including high land acquisition costs in prime industrial areas, limited availability of Grade A warehouse space, and rising construction expenses. Regulatory complexities and lengthy approval processes can delay project development. Additionally, energy consumption concerns in cold storage facilities and the need for skilled workforce for advanced warehouse management systems pose operational challenges.

Despite these constraints, ongoing government initiatives to improve logistics performance and encourage private sector participation are expected to support long-term market expansion.

Competitive Landscape

The Vietnam warehousing market is moderately fragmented, with a mix of international logistics providers and domestic players. Companies are focusing on expanding capacity, upgrading facilities, and integrating digital technologies to gain competitive advantage.

Key players operating in the market include Sumitomo Warehouse (Vietnam) Co., Ltd., Fnm Shipping Vietnam, Yusen Logistics Co., Ltd., and Vinatech Group. These companies are investing in strategic partnerships, infrastructure expansion, and value-added services such as inventory management and distribution solutions to strengthen their market presence.