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Freight forwarding is all about managing the shipment of goods, whether by air, land, or sea. Freight forwarders in Vietnam play a key role as go-betweens for shippers and carriers, making sure that goods move smoothly and efficiently. This is crucial for Vietnam’s economy and its growing export sector.
As the demand for international shipping rises, having a reliable freight forwarder becomes even more important. They handle everything from logistics and regulatory issues to risk management, ensuring timely and cost-effective deliveries. Recently, the Vietnam Report highlighted the top 10 freight forwarders based on their financial strength, media reputation, and feedback from stakeholders.
This list of the 10 popular freight forwarders in Vietnam helps businesses find trustworthy partners to keep their shipments on track and help Vietnam stay competitive in the global market.
The freight forwarding industry in Vietnam is experiencing rapid growth, with a projected CAGR of over 5.5% from 2022 to 2027. The expanding manufacturing, retail, FMCG, and eCommerce sectors fuel this growth. The Vietnamese government's focus on improving infrastructure and restructuring the air freight market by 2020 is also expected to enhance cargo transport, particularly in key economic zones and remote areas. Additionally, the US and EU markets play a significant role as major contributors to Vietnam's freight forwarding industry, further driving its expansion.
Top freight forwarder companies in Vietnam
Moreover, the industry is highly fragmented, with both domestic and international players in the market. As of 2013, around 1,000 freight forwarders operated in Vietnam, primarily small and medium-sized enterprises with limited capital, but equipped facilities and a respectable number of warehouses. In the air freight segment, major companies include DHL, UPS, Expeditors, Panalpina, Kintetsu, APLL, Hellmann, UTI, and Kuehne Nagel. Meanwhile, other freight forwarders like Ceva, Bollore, and DB Schenker focus on ocean freight, contract logistics, and warehousing services.
It’s also worth noting that the forwarding services in Vietnam operate under various government regulations and policies. The government aims to achieve a 20% yearly logistics growth rate within the next two years, reflecting a favorable regulatory environment for the industry. Additionally, Vietnam's participation in free trade agreements, such as the ASEAN Economic Community (AEC) and the Regional Comprehensive Economic Partnership Agreement (RCEP), has expanded trade opportunities for freight forwarders in Vietnam. The government is also prioritizing road development, with plans to extend the total length of expressways from 1,290 km to 5,000 km by 2030, further enhancing the country's logistics infrastructure.
The international name of Gemadept is Gemadept Shipping Limited Company with the short version is GMD Shipping. It was founded in 1990 and was one of the first three firms chosen by the government for equitization in 1993.
>> Learn more: Shipping Company In Vietnam: Top 10 Popular ones
Gemadept is now a large-scale and sophisticated Port and Logistics network with sites throughout Vietnam and other surrounding nations. As one of the leading freight forwarders in Vietnam, Gemadept, along with its many subsidiary companies, has consistently been ranked among Vietnam’s Top 500 Largest Enterprises, Top 20 Vietnam Logistics Enterprises, and other prestigious rankings.
Gemadept Corporation
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Gemadept offers a wide range of logistics services. They operate several ports, including Phuoc Long ICD, Nam Hai, and Dung Quat. Through their subsidiary, Gemadept Logistics, they provide integrated logistics solutions with a focus on supply chain management and freight forwarding. Additionally, Gemadept is involved in real estate trading and rubber plantation management.
The company, also known as ITL Corp, has worked hard to become one of the leading enterprises in providing Integrated Logistics solutions and freight forwarders in Vietnam and Indochina, including Cambodia, Thailand, Laos, Myanmar, and Singapore. ITL is the leading supplier of cargo aviation and GSA services in Vietnam, as well as the leader in air freight market capacity outward, with participation from over 22 airlines, managing over 300 flights each week, and a capacity of 150,000 tons of cargo every year.
In Do Trans Logistics Company
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>> Learn more: Top 6 Customs Clearance Service in Ho Chi Minh
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DHL is a German logistics firm, which is a part of the German logistics corporation Deutsche Post that provides couriers, package delivery, and expedited mail service. DHL was started in 1969 in San Francisco, California, and by the late 1970s has spread its operations around the world and became favorable freight forwarders in Vietnam.
DHL Global Forwarding (Vietnam) Corporation
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Next on the list of the most popular freight forwarders in Vietnam is Expeditor Vietnam Co., Ltd. Founded in 2013, this is a logistics company headquartered in Seattle in Washington State in the USA, with offices ranging in various countries. It provides full-spectrum assistance for various sectors and the particular logistical issues they face. Expeditors firm offers streamlined and optimized supply chain solutions for clients by integrating unified technology systems throughout a global network of 322 facilities in 103 countries across six continents, employing over 16,500 people.
Expeditors Vietnam Company Limited
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Transimex Corporation is a major and one of the global freight forwarders in Vietnam with over 37 years of freight forwarding expertise that can fulfill every customer's demands. We offer full logistics solutions, including inland transportation, ocean shipment, air freight, distribution centers, warehouses, and customs services.
Transimex Corporation
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Bee Logistics Corporation, a Vietnamese-based company and one of the leading freight forwarders in Vietnam, was founded on October 1, 2004, in Ho Chi Minh City by three founding members. For 17 years, it has grown from an essential vision into a company that has made significant development. Its human resources have grown to approximately 800 employees who work in 35 locations in Vietnam, Cambodia, and Myanmar, as well as in its partnerships, affiliates, and representative offices in India, Australia, China, Thailand, Taiwan, Korea, Malaysia,... and a system of world-class strategic suppliers.
Bee Logistics Corporation
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Kuehne + Nagel has been the best among freight forwarders in Vietnam since 1994 and is well-known for providing high-value, complete logistics solutions suited to clients’ needs. The company has created a strong team of foreign and local logistics professionals in Vietnam for over 25 years, each with a deep awareness of the Vietnam market and extensive industry know-how for their various trades and sectors. It is now Vietnam’s top logistics firm, with over 600 logistics specialists spread across ten sites.
Kuehne + Nagel Company Limited
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DB Shenker has a full presence in Vietnam, including 21 offices and warehouses with more than 1,000 people. Its offices are in Ho Chi Minh City which is near major airports and seaports. DB Schenker’s distribution centers are strategically placed throughout North, South, and Central Vietnam to meet the demands. Clients include leading worldwide brands with operations in Vietnam, along with local businesses in a variety of industries, such as Electronics, FMCG, Semicon & Solar, Fashion and Retail, and Healthcare & Pharma.
Schenker Viet Nam Co., Ltd
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The company was founded in 1975 and has offered the trade sector a primary warehousing system as well as transportation services. Sotrans was legally transitioned from a State Company to a Joint Stock Enterprise in 2007, with a significant focus on the multi-functional warehouse, petroleum and oil trading, and global forwarding solutions.
The company is now one of the top choice freight forwarders in Vietnam, as well as import-export forwarding and warehousing solutions. It spans more than 100 countries worldwide, with a focus on potential areas like the U.S., Japan, Korea, and European Union.
South Logistics Joint Stock Company (Sotrans)
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Last but not least, it’s hard to mention that Vinafreight Joint Stock Company, originally Vinafreight International Freight Forwarders Joint Stock Company, is one of the prominent freight forwarders in Vietnam. The company provides air freight and freight forwarding, maritime transportation, and support services. It also offers maritime insurance brokerage, logistical services, and ship agency and brokerage.
Furthermore, the company offers general and refrigerated warehousing services and runs Container Freight Stations (CFS).
Vinafreight Joint Stock Company
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You can see that along with the top global freight forwarder companies that have emerged in Vietnam, there are also leading Vietnam freight forwarder companies. These firms are progressively exerting their substantial imprint in the freight forwarding industry due to their scale, knowledge, and worldwide network.
Furthermore, freight forwarding business in domestic Vietnam has demonstrated their competence, like Bee Logistics, Sotrans, and Vinafreight. These companies have the characteristics of timely adaptability to new trends, industry shifts, daring innovation, and attained success.
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