Vinatrans

What Vinatrans does

Vinatrans (legal name: Công ty Cổ phần Giao Nhận Kho Vận Ngoại Thương Việt Nam) is one of Vietnam's oldest logistics companies, founded in July 1975 and headquartered in Ho Chi Minh City. The company is publicly listed on the Hanoi Stock Exchange under ticker VIN following an IPO in 2009. Vinatrans operates a nationwide branch network spanning Ho Chi Minh City, Hanoi, Hai Phong, Da Nang, Quang Ngai, and Can Tho, providing a comprehensive portfolio of 16 logistics services under the "VINATRANS – Total Logistics Solution" brand.

The company's core offering covers international freight forwarding (sea freight FCL/LCL, air freight, and multimodal transport), inland road transportation, customs brokerage, warehousing and distribution, container depot operations, packing, LCL consolidation, chartering and shipping agency, courier services, and specialized services including machinery/equipment moving, project cargo, and fairs/exhibition handling. Vinatrans monetizes primarily through per-shipment transaction fees on freight forwarding and customs brokerage, and managed-services fees for warehousing and distribution. Go-to-market is enterprise B2B direct sales to import/export companies and industrial clients, with capacity sourced through direct partnerships with major global shipping lines (CMA CGM, Hapag Lloyd, Yang Ming, PIL, MOL) and Vietnam Airlines.

Vinatrans is significantly influenced by its parent and major shareholder, Vietnam Steel Corporation (VNSteel), which exercises board representation including the Chairmanship (held by VNSteel HCMC representative Hoàng Trọng since 2021). The company maintains membership in international logistics associations (FIATA, IATA, WCA) and VLA (Vietnam Logistics Service Enterprise Association), and was the first freight forwarder in Vietnam to achieve ISO 9002 certification (2000). Financial scale based on FY2024 reported figures places revenue at approximately VND 6.52 trillion (~US$260M equivalent), down materially from the FY2021 peak of VND 9.87 trillion, with positive net income masking persistently negative operating income across most recent years.

Name

Vinatrans

Legal name

Công ty Cổ phần Giao Nhận Kho Vận Ngoại Thương Việt Nam

Website

https://vinatrans.com

Company type

Public

Founded year

1975

Operating status

Operating

Headcount range

11–50 employees

Short description

Vinatrans is a Vietnamese publicly listed freight forwarder and total logistics provider founded in 1975, offering 16 services spanning sea/air freight, customs brokerage, warehousing, and project cargo to enterprise import/export and industrial clients nationwide.

Ownership category

akta.pro rank

Product category

Freight Forwarding and Logistics Services

NAICS

Freight Transportation Arrangement (488510), Deep Sea Freight Transportation (483111)

SIC

Arrangement Of Transportation Of Freight & Cargo (4731), Deep Sea Foreign Transportation Of Freight (4412)

akta.pro primary industry

Ocean Export Forwarding (Booking/VGM/SI/BL) (TLACABAF)

akta.pro secondary industries

Customs Brokerage for Ocean Shipments (Import/Export Clearance) (TLACABAG), Warehousing, CFS & Bonded Storage for General Cargo (Within Terminal) (TLAHADAI), Project & OOG/Breakbulk Ocean Forwarding (Out-of-Gauge, RoRo) (TLACABAH)

Keywords

• Freight forwarding services
• Customs brokerage services
• Multimodal transport services
• Warehousing distribution
• International logistics solutions

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Freight Forwarding Services: Core revenue from logistics and freight forwarding services including sea freight, air freight, multimodal transport, and inland transportation. Services are provided to import/export companies on a per-shipment or contract basis.
2. Customs Brokerage Services: Customs clearance and brokerage services for cargo clearance at Vietnamese ports and borders.
3. Warehousing and Distribution: Storage, container depot, packing, and distribution services.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Vinatrans provides end-to-end international freight forwarding and logistics services for import/export companies and manufacturing clients, encompassing sea freight (FCL and LCL), air freight, multi-modal transport, inland transportation, customs brokerage, warehousing and distribution, container depot operations, packing, courier services, vessel chartering and brokering, project cargo, machinery moving, and exhibition handling. Services are delivered through a nationwide branch network in Vietnam supported by global agent connections.

Product overview

Vinatrans is a Vietnamese logistics and freight forwarding company offering a comprehensive portfolio of 16 integrated logistics services. The core offering includes international freight forwarding (sea, air, and inland transportation), customs brokerage, and warehousing/distribution services. Specialized services such as machinery moving, exhibition handling, and project logistics complement the standard offerings. The company operates as a one-stop logistics solution provider under the "VINATRANS – TOTAL LOGISTICS SOLUTION" slogan.

Differentiator

Problem solved

Functional benefit

Products and services

• Logistics Services

Quantifiable outcome

• First freight forwarder in Vietnam to achieve ISO 9002 certification (2000)
• +1 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered core and major.

• Vietnam Steel Corporation (VNSteel)coreStrategic or Co-development Partner · 1 January 2021VNSteel is the parent company and major shareholder of Vinatrans. Vinatrans provides logistics services to VNSteel and its subsidiary companies within the VNSteel system. In 2021 AGM, VNSteel representatives attended and strategic transactions between the companies were discussed.
• Hyundai Vinatrans LogisticscoreStrategic or Co-development Partner · 1 January 2008Joint venture company established in 2008, combining Hyundai's logistics expertise with Vinatrans' local market knowledge.
• Agility LogisticscoreStrategic or Co-development Partner · 1 January 2007Joint venture established in 2007 with Agility Logistics, a global logistics provider, enhancing Vinatrans' international network and service capabilities.
• Nissin VietnamcoreStrategic or Co-development Partner · 1 January 2006Joint venture company established in 2006 with Japanese logistics company Nissin, expanding Vinatrans' capabilities in specialized logistics services.
• Konoike TransportcoreStrategic or Co-development Partner · 1 January 1997First joint venture established in 1997 with Japanese freight forwarding company Konoike Transport, marking Vinatrans' entry into international joint venture partnerships.
• CMA CGMmajorChannel Partner/ Reseller/ DistributorGlobal shipping line partner providing sea freight capacity for Vinatrans' container shipping services.
• Hapag LloydmajorChannel Partner/ Reseller/ DistributorGerman shipping line partner providing ocean freight services.
• Yang Ming Marine Transport CorporationmajorChannel Partner/ Reseller/ DistributorTaiwanese shipping line partner for container shipping services.
• PIL (Pacific International Lines)majorChannel Partner/ Reseller/ DistributorSingapore-based shipping line partner for sea freight services.
• Vietnam AirlinesmajorChannel Partner/ Reseller/ DistributorNational airline partner for air freight forwarding services.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Sotrans Logistics: Sotrans is a Vietnamese freight forwarding and logistics company offering sea/air freight, customs brokerage, warehousing, and inland transport - a near-mirror of Vinatrans' service portfolio and direct domestic competitor serving similar import/export clients.
• Yusen Logistics: Yusen Logistics is a Japanese-headquartered global freight forwarder with established Vietnam operations offering ocean/air forwarding, customs, and contract logistics - comparable in service mix to Vinatrans and a partner/competitor for multinational accounts in Vietnam.
• Agility Logistics: Agility is a global freight forwarder and existing Vinatrans JV partner (since 2007); offers integrated logistics including forwarding, contract logistics, and customs - comparable services to Vinatrans and a co-investor/competitor in the Vietnamese market.
• Gemadept Corporation: Gemadept is a HOSE-listed Vietnamese logistics group providing port operations, ocean freight forwarding, warehousing, and distribution; it is one of Vinatrans' closest publicly listed domestic peers and competes for the same Vietnamese enterprise customers.

Broad incumbents

• DSV: DSV is a top-tier global freight forwarder with growing Vietnam presence after its Schenker acquisition; offers overlapping ocean, air, and road forwarding services and competes with Vinatrans for multinational clients requiring global account management.
• DHL Global Forwarding: DHL Global Forwarding is the freight forwarding arm of Deutsche Post DHL, with strong operations in Vietnam covering ocean, air, customs, and project logistics; a broad incumbent competitor overlapping Vinatrans' full service portfolio but at significantly larger scale.
• Expeditors International: Expeditors is a major global freight forwarder with Vietnam offices offering ocean/air forwarding and customs brokerage; competes with Vinatrans for international customers shipping through Vietnamese gateways but with broader geographic reach.
• Kuehne+Nagel: Kuehne+Nagel is one of the world's largest freight forwarders with significant operations in Vietnam across sea, air, and overland forwarding plus customs brokerage; competes with Vinatrans for enterprise import/export customers but operates at vastly greater global scale.

Regional players

• Kerry Logistics Network: Kerry Logistics is a Hong Kong-headquartered Asian freight forwarder with extensive Vietnam operations offering integrated logistics, forwarding, and warehousing; a regional peer with comparable service breadth to Vinatrans but serving a wider Asia-Pacific footprint.
• Sinotrans Limited: Sinotrans is a major Chinese state-affiliated freight forwarding and logistics group with regional presence across Asia; serves as a regional comparable for Vinatrans in scale of forwarding operations and state-owned enterprise linkages, though primarily China-focused.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vinatrans