FiinGroup proudly presents the Vietnam Cold Chain Market Report 2026 - the sixth instalment in our in-depth research series on Vietnam’s cold chain sector. This latest edition offers a comprehensive view of key industry dynamics, combining deep-dive sectoral insights with cross-cutting market trends.

What’s new? Vietnam’s cold chain market is entering a new phase of capacity expansion, demand recovery and increasing competition. Between 2023 and 2025, the country’s designed cold storage capacity increased by 10.5%, supported by continued investment from both domestic and international operators.

The market demonstrated resilient growth in 2025, underpinned by recovering and expanding demand across major end-use sectors, including seafood exports, meat imports, modern retail, food catering, fruit & vegetable exports, dairy and pharmaceuticals. In particular, strong growth in seafood and fruit & vegetable exports, together with rising demand from retail channels, continued to support cold chain utilization and market expansion throughout the year.

This 2026 edition delivers the most up-to-date overview of Vietnam’s cold chain landscape, with market data and operational insights as of December 2025. It also provides forward-looking analysis, identifying key growth drivers and offering supply-demand forecasts through 2029 to support strategic planning for businesses and investors.

What’s new in the 2026 edition:

• The cold chain logistics market in Vietnam witnessed robust growth in the last 3 years, reaching US$388mn in 2025. In particular, there are 78 commercial cold storage providers with a total designed capacity of over 1.4mn pallets, while Vietnam's cold transportation records 26 professionally managed cold truck providers (typically ranging from 0.5-ton trucks to 15-ton trucks) by the end of 2025.
• Investment activity remains strong with total cold storage capacity projected to exceed 1.6mn pallets by 2029 supported by continued interest from both domestic and foreign investors. Vietnam’s cold storage capacity increased by 10.5% during 2023–2025 and is projected to exceed 1.6 million pallets by 2029, with seven new projects expected to commence operations during 2026–2029..
• The cold storage market remains broadly balanced, with sufficient capacity to accommodate demand growth while maintaining a healthy average occupancy rate of approximately 80%. Future demand is expected to be supported by seafood exports, meat imports, modern retail, fruit and vegetable exports, dairy products and pharmaceuticals.
• Vietnam’s cold chain market shows contrasting levels of concentration, with cold storage remaining relatively fragmented while cold transportation is dominated by a smaller group of leading operators. In 2025, the top 10 cold storage providers accounted for 48.2% of designed capacity, led by NECS, Transimex, Lineage Logistics, Hung Vuong, AJ Total and Meito, while the top 10 cold transport operators controlled 80.2% of the market, with ABA Cooltrans and Dai Tan maintaining leading positions.
• The sector is showing signs of operational and financial recovery. In2025, the industry average’s gross profit margin improved from 14.3% to 16.0%, while the operating margin turned positive at 2.2%, supported by higher capacity utilization, improved operational efficiency, and tighter cost management.

The report is designed to support cold chain operators, logistics companies, investors, financial institutions, food manufacturers, retailers and other industry stakeholders in:

• Evaluate the size, structure and growth potential of Vietnam’s cold chain market
• Assess the financial health and operating performance of market participants
• Benchmark leading operators and understand the evolving competitive landscape
• Identify emerging market trends and key demand drivers
• Support investment screening, competitive planning and business development decisions

More information as well as the table of contents, report preview, and contact person can be found on FiinResearch website as follows:

You can also check out other reports covering key sectors of Vietnam including Cement, Water Supply, Consumer Finance, Banking, Healthcare, Housing Builders, and Plastic etc. on our website: http://fiinresearch.vn

If you would like to obtain the full contents of this Report, kindly direct your request to our Client Advisor at research.support@fiingroup.vn

Many thanks and kind regards,

FiinResearch