Vietrans

Freight Forwarding and Logistics Servicesvietrans.com.vn

Vietrans is a Vietnamese state-controlled freight forwarding and logistics company operating multimodal transport, customs brokerage, warehousing, and import-export services through nationwide branches and joint ventures in port operations, express delivery, and Sino-Vietnamese trade, serving enterprise clients.

Company typePublic
Founded1970
HeadquartersHanoi, Vietnam
Headcount501–1,000
GTM typeB2B
OfferingServices

What Vietrans does

Vietrans (Công Ty Cổ Phần Giao Nhận Kho Vận Ngoại Thương) is a Vietnamese state-controlled freight forwarding and logistics company founded in 1970 as a government bureau under the Ministry of Trade. Following its 2012 equitization, it operates as a joint stock company listed under the ticker VTR, with the State Capital Investment Corporation (SCIC) retaining 99.465% of charter capital. The company's core offering is multimodal logistics — combining sea, air, road, and rail freight — supported by electronic customs brokerage (certified by Vietnam's General Department of Customs), customs-bonded warehousing, and import-export authorization services.

The company operates through a network of wholly-owned regional branches (Hanoi, Ho Chi Minh City, Hai Phong, Da Nang, Vinh, Quy Nhon), three strategic joint ventures (Bong Sen Lotus port in Ho Chi Minh City with BLASCO Ukraine and SSA USA; TNT-Vietrans Express with TNT Worldwide Express Netherlands; Sinovitrans with China's Sinotrans), and global agent representation including Odessa and Vladivostok. Beyond freight forwarding, Vietrans runs four business lines: logistics, import-export services, construction (Vietrans CIE established 2013), and real estate, and holds a 10% equity stake in the Sùng Tả hydropower project in Guangxi, China.

Vietrans serves enterprise clients including Vietnam Airlines (cargo agency), Vietnam Television, Dung Quất Oil Refinery, major thermal power plants, Ford Vietnam, Piaggio Vietnam, Lotte Group, and Keangnam, with reported ~22% share of Vietnam's freight forwarding market and ~40% share of Vietnam's express delivery market via the TNT-Vietrans JV. Go-to-market is enterprise field sales via the branch and JV network, with no public pricing — all B2B contracts are quote-based. The firm reports 1,000-1,250 employees across member companies and has received multiple Presidential awards, including two Labor Medals First Class (2010, 2015).

Vietrans firmographics

Firmographics

Name: Vietrans
Legal name: Công Ty Cổ Phần Giao Nhận Kho Vận Ngoại Thương
Website: https://www.vietrans.com.vn
Company type: Public
Founded year: 1970
Operating status: Operating
Headcount range: 501–1,000 employees
Short description: Vietrans is a Vietnamese state-controlled freight forwarding and logistics company operating multimodal transport, customs brokerage, warehousing, and import-export services through nationwide branches and joint ventures in port operations, express delivery, and Sino-Vietnamese trade, serving enterprise clients.
Ownership category
akta.pro rank

Vietrans industry classification

Industry

Product category: Freight Forwarding and Logistics Services
NAICS: Support Activities for Water Transportation (4883), Marine Cargo Handling (488320)
SIC: Arrangement Of Transportation Of Freight & Cargo (4731), Deep Sea Foreign Transportation Of Freight (4412), Water Transportation (4400)
akta.pro primary industry: Customs Brokerage for Ocean Shipments (Import/Export Clearance) (TLACABAG)
akta.pro secondary industries: Ocean Export Forwarding (Booking/VGM/SI/BL) (TLACABAF), Ocean Import Forwarding (Destination Handling/DO/ISF) (TLACABAE), Trade Compliance & Ocean Regulatory Services (Sanctions/Export Controls) (TLACABAL)

Keywords

Multimodal freight forwarding
Customs brokerage services
Warehousing and distribution
Import-export logistics
Port terminal operations

Where Vietrans is headquartered

Location

Headquarters

HQ city: Hanoi
HQ country: Vietnam
HQ region: Asia

Offices10 records

Markets served

Vietrans business model

Business model

GTM type: B2B
Offering type: Services
Cost components: Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D

Revenue model

Logistics and Freight Forwarding: Core business providing multimodal logistics services including sea freight, air freight, road transport, railway transport, and freight forwarding for import-export goods. Services include customs brokerage, warehousing, and cargo handling.
Import-Export Services: Import-export authorization services and commission-based import-export trading operations
Construction Services: Construction services including building construction, civil engineering works, and construction materials supply for commercial and infrastructure projects
Real Estate Operations: Real estate development, office leasing, and property management services leveraging company land assets
Port and Terminal Operations: Joint venture port operations including Bong Sen Lotus port and logistics terminal management
Express Delivery Services: Express courier and parcel delivery through TNT-VIETRANS joint venture

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Vietrans product offering

Product offering

Core offering

Vietrans is a Vietnamese logistics and freight forwarding company providing multimodal transport services (sea, air, road, and rail) for import-export cargo, alongside customs brokerage, warehousing, and distribution. It also operates import-export trading, construction services, and real estate operations, and runs joint-venture express delivery, Sino-Vietnam logistics, and port terminal businesses.

Product overview

Vietrans is a multi-industry logistics and freight forwarding company operating as a platform of integrated services. The core offerings include Logistics Services (customs clearance, freight forwarding, multimodal transport), Import-Export Services, Construction Services, and Real Estate. The company also operates several joint ventures: TNT-VIETRANS Express for express courier services, SINOVITRANS for international logistics with Chinese partner Sinotrans, and Bông Sen (Lotus) Port for maritime port operations. The portfolio spans the full supply chain from customs brokerage to port management.

Differentiator

Problem solved

Functional benefit

Products and services

Logistics Services
Import-Export Services
Construction Services
Real Estate Operations
TNT-VIETRANS Express
SINOVITRANS Logistics
Bông Sen (Lotus) Port Operations

Companies that use Vietrans

Customer profile

Named customers10 records

Segments4 records

Ideal customer profiles3 records

Vietrans technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Vietrans partnerships and signals

Strategic signal

Partnerships

Twelve partnerships are on record, tiered minor and core.

Vietnam Electricity (EVN) - Sùng Tả HydropowerminorStrategic or Co-development Partner · 1 October 2013Strategic cooperation agreement for hydropower project investment. Vietrans contributes 10% equity to build Sùng Tả hydropower plant in Guangxi, China with total planned capacity of 2,400 MW. Phase 1 investment approximately 640 million USD.
Sinotrans (China)coreStrategic or Co-development Partner · 7 October 2008Joint venture SINOVITRANS established October 2010 for logistics operations. Sinotrans is China's largest transportation group. Partnership covers land transport, maritime transport, and inland waterway services between Vietnam and China. Relationship spans over 30 years with comprehensive cooperation in import-export and logistics services.
TNT Express Worldwide (Netherlands)coreStrategic or Co-development Partner · 1 January 1995Joint venture TNT-VIETRANS established 1995 for express delivery services. Provides international express delivery services competing with global operators like DHL and FEDEX. Holds approximately 40% market share in Vietnam's express delivery market.
BLASCO (Ukraine)coreStrategic or Co-development Partner · 31 August 1991Joint venture Bong Sen Lotus established August 1991, Vietnam's first foreign joint venture in freight forwarding and port operations. Partners include Vietnam Ocean Shipping Agency (VOSA), Black Sea Shipping Company (Ukraine), and SSA Corporation (USA). Operates Bong Sen/Lotus port in Ho Chi Minh City, Vietnam's first international joint venture port.
COSCO Shipping LinesminorChannel Partner/ Reseller/ DistributorShipping line agent partnership for ocean freight services
CMA CGMminorChannel Partner/ Reseller/ DistributorShipping line agent partnership for ocean freight services
Maersk LineminorChannel Partner/ Reseller/ DistributorShipping line agent partnership for ocean freight services
OOCL (Orient Overseas Container Line)minorChannel Partner/ Reseller/ DistributorShipping line agent partnership for ocean freight services
KMTC (Korea Marine Transport Corporation)minorChannel Partner/ Reseller/ DistributorShipping line agent partnership for ocean freight services
APL (American President Lines)minorChannel Partner/ Reseller/ DistributorShipping line agent partnership for ocean freight services
Lufthansa CargominorChannel Partner/ Reseller/ DistributorAir freight partner for air cargo services
SSA Corporation (USA)coreStrategic or Co-development PartnerPort operations partner in Bong Sen Lotus joint venture, later bought out by Vietrans increasing stake from 37% to 62%

Scale indicators7 records

Recent moves9 records

Expansion highlights5 records

Vietrans competitors and assessment

Company assessment

Direct peers

Gemadept Corporation: Vietnamese listed port operator and logistics provider offering seaport, container handling, warehousing, and freight forwarding services. Directly comparable to Vietrans in multimodal logistics and port/terminal exposure across Vietnam.
Transimex (TMS): Ho Chi Minh Stock Exchange-listed freight forwarder and logistics company in Vietnam providing customs brokerage, multimodal transport, and warehousing. Closest pure-play domestic peer to Vietrans in customs-enabled forwarding.
Saigon New Port Corporation: Vietnamese container terminal operator with port handling, logistics, and inland depot services across southern Vietnam. Comparable to Vietrans through its Bong Sen Lotus port JV exposure.
Sinotrans: China's largest state-owned transportation and logistics group, providing freight forwarding, shipping agency, and multimodal logistics. Vietrans is Sinotrans' JV partner in Sinovitrans, making it the closest international counterpart in business model.
Kerry Logistics Network: Asia-headquartered freight forwarding, contract logistics, and cross-border trade services provider. Comparable to Vietrans in multimodal forwarding with strong intra-Asia trade lane focus.

Broad incumbents

Vinalines: Vietnam's state-owned shipping and port holding company, operating ocean fleets, terminals, and logistics. Overlaps with Vietrans in shipping line agency, port operations, and state-affiliated logistics at a much larger scale.
Kuehne+Nagel: Global freight forwarding and contract logistics major with deep Vietnam presence through sea/air forwarding and customs services. Sets the digital and scale benchmark that Vietrans competes against for multinational accounts in Vietnam.
Yusen Logistics: Global logistics provider offering forwarding, contract logistics, and supply chain solutions with significant ASEAN operations. Overlaps with Vietrans in multimodal forwarding and customs brokerage in the Vietnamese market.
DHL Global Forwarding: Deutsche Post DHL's freight forwarding division, the global leader in air/ocean forwarding and customs. Operates the deepest Vietnam forwarding network and competes directly with Vietrans for enterprise import-export accounts.

Emerging players

CJ Logistics: Korean-origin global logistics and forwarding company expanding across Southeast Asia with parcel, contract logistics, and forwarding. Competes with TNT-VIETRANS Express in domestic and regional express/parcel services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Vietrans financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Vietrans leadership team

Management profile

Number of profiles

Profiles1 record

Vietrans subsidiaries and ownership

Company hierarchy

Subsidiaries10 records

Vietrans funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

Vietrans M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Vietrans

What does Vietrans do?

Is Vietrans a public or private company?

Vietrans is a public company. It is classified as state government owned and is currently operating.

When was Vietrans founded?

Vietrans was founded in 1970. It employs 501 to 1,000 people.

Where is Vietrans based?

Vietrans is headquartered in Hanoi, Vietnam, in the Asia region.

How does Vietrans make money?

Six revenue lines are on record. Logistics and Freight Forwarding is the primary driver. The others are import-Export Services, construction Services, real Estate Operations, port and Terminal Operations and express Delivery Services.

Who are Vietrans's main competitors?

Direct peers on record are Gemadept Corporation, Transimex (TMS), Saigon New Port Corporation, Sinotrans and Kerry Logistics Network. Broad incumbents are Vinalines, Kuehne+Nagel, Yusen Logistics and DHL Global Forwarding. CJ Logistics is listed as an emerging player.

Does Vietrans have an API?

No public API is recorded for Vietrans.

What industry is Vietrans in?

Vietrans's product category is Freight Forwarding and Logistics Services. Its primary akta.pro industry code is TLACABAG, Customs Brokerage for Ocean Shipments (Import/Export Clearance), with a secondary code of TLACABAF, Ocean Export Forwarding (Booking/VGM/SI/BL). Its NAICS code is 4883 and its SIC code is 4731.