Executive Summary

The Vietnam cold chain market is witnessing moderate yet increasingly competitive conditions, with new entrants aiming to capitalize on the growing opportunities and an increasing number of foreign companies joining the fray. The Vietnam cold storage market is supported by a wide range of local companies, including AJ Total Vietnam Company Limited, Hung Vuong Corporation, and ABA Cooltrans, alongside global players such as Lineage Logistics and Kuehne Nagel Vietnam Company Ltd. The cold chain sector in Vietnam is further strengthened by the involvement of notable firms like CLK Cold Storage Company Limited, SK Logistics, and Transimex Corporation. Additionally, major logistics providers, including Vinafco Joint Stock Corporation, Lotte Logistics Vietnam, and Hoang Lai Group, contribute significantly to the industry's operations. Specialized cold chain service providers, such as Preferred Freezer Services, LLC, and ALS Aviation Logistics, also deliver tailored solutions, catering to the unique needs of customers in the expanding Vietnam cold chain industry.

The Vietnam cold chain market is experiencing significant growth, driven by robust import-export activities and rising demand from the food and beverage industry. The cold chain sector in Vietnam is further supported by the ongoing expansion of modern retail, alongside increasing needs for efficient logistics solutions, particularly in emerging sectors like pharmaceuticals, fresh produce, and processed foods.

By 2023, the Vietnam cold storage market had expanded with over 100 commercial cold storage providers, offering a combined design capacity exceeding 1 million pallets. These facilities are strategically situated within industrial parks or near key river and seaports, with the southern region accounting for 87% of the country’s total cold storage capacity. Long An Province plays a pivotal role in the Vietnam cold chain industry, benefiting from its proximity to the Mekong Delta’s agricultural hub, the growing fisheries and agriculture sectors, and its closeness to Ho Chi Minh City.

To meet the growing demands of both local and international markets, investment in the Vietnam cold storage market and logistical infrastructure is becoming increasingly crucial. As competition intensifies among both domestic and foreign companies, there is a notable shift toward innovative service offerings and the adoption of advanced technologies to enhance operational efficiency and improve customer satisfaction.

The Vietnam cold chain market is evolving into a dynamic and competitive space, characterized by a mix of established firms and emerging players. The cold chain sector in Vietnam holds vast growth potential, driven by changing consumer needs and continuous improvements in logistical frameworks, all supporting the country's expanding economy.

Competition in the Vietnam Cold Chain Market

The report encompasses a diverse range of companies within the Vietnam cold chain market. This includes logistics firms such as AJ Total Vietnam Company Limited, which specializes in temperature-controlled logistics services, and Hung Vuong Corporation, known for integrating cold storage with its seafood processing and export operations. Additional players include ABA Cooltrans, offering tailored temperature-controlled transportation solutions, and CLK Cold Storage Company Limited, which operates essential cold storage facilities.

Lineage Logistics, a global leader, provides extensive cold chain solutions, including warehousing and distribution services for perishable products. SK Logistics focuses on integrated logistics with an emphasis on cold chain services for the food and beverage sector.

International firms are also prominent, such as Kuehne + Nagel Vietnam Company Ltd, which offers advanced cold chain solutions, and Preferred Freezer Services, LLC, operating state-of-the-art cold storage facilities. Other significant players include Vinafco Joint Stock Corporation, Lotte Logistics Vietnam Company Ltd, Transimex Corporation, Hoang Lai Group, Meekong Logistics (Mekong International Transport Co., Ltd), and ALS Aviation Logistics (Aviation Logistics Corporation). These companies represent various segments of the industry, providing a comprehensive overview of the key players and their impact on the cold chain market in Vietnam.

Scope of Vietnam Cold Chain Market Competitive Landscape

Makreo Research recently released a study titled “Vietnam Cold Chain Market Competitive Landscape-Edition 2024,” offers a comprehensive analysis of the major players. The report highlights key participants such as AJ Total Vietnam Company Limited, Hung Vuong Corporation (Hung Vuong Limited Company), ABA Cooltrans, Lineage Logistics, Kuehne Nagel Vietnam Company Ltd, Vinafco Joint Stock Corporation, Lotte Logistics Vietnam Company Ltd., Transimex Corporation Hoang Lai Group, Meekong Logistics (Mekong International Transport Co., Ltd) and Preferred Freezer Services, LLC. It begins with a competitive analysis of companies holding substantial market shares, comparing various elements.

The study delves into mergers and acquisitions, funding timelines, and detailed company profiles, with a particular focus on financial aspects. Additionally, it examines these companies' cold chain infrastructure (temperature-controlled), warehousing, and logistics operations. This detailed information provides stakeholders and industry professionals with valuable insights into the rapid developments within this dynamic sector.

Competitive Landscape

This section presents a market comparison of the leading companies in the Vietnam cold chain market, evaluating them across various market-related parameters.

M&A/Investments and Funding Timeline

This section reviews the recent mergers, acquisitions, and investments of the companies listed below, along with the latest funding trends in the market.

• Who are the key players in the Vietnam cold chain market, and what contributions are they making to the industry?

• How do the major players in the Vietnam cold chain market compare across various parameters, and what are their respective market positions?

• What are the key characteristics of the investment landscape among major players in the Vietnam cold chain market?

• What notable business achievements can be attributed to the major players in the Vietnam cold chain market?

• What significant mergers and acquisitions have shaped the history of the Vietnam cold chain market?

• What is the current status of funding secured by the various players in the Vietnam cold chain market?

• What range of services do these key players in the Vietnam cold chain market provide?

• Which are the major industries served by the key players in the Vietnam cold chain market?

• What is the strategic positioning of these companies in logistics, and how is their cold chain infrastructure structured?

• What are the temperature ranges of the temperature-controlled facilities offered by these key players?