Vinafreight

What Vinafreight does

Vinafreight (Công ty Cổ phần VINAFREIGHT, ticker VNF on the Hanoi Stock Exchange) is a Vietnamese integrated logistics and freight forwarding company established in 1997 and headquartered in Ho Chi Minh City. The company provides five core service lines: air freight forwarding (transport, sea-air combination, consolidation, door-to-door delivery), sea freight forwarding (FCL, LCL, project cargo, customs declaration), shipping line agency (exclusive agent for Pan Continental Shipping Co. Ltd of Korea since late 2015), warehouse leasing (3,000 m² CFS, 1,500 m² cold storage at ~1,800-ton capacity, 10,000 m² outdoor, 6,000 m² indoor warehousing plus supporting trailers, trucks, forklifts, and tractor heads), and value-added logistics services (customs and routing advisory). Vinafreight holds ISO 9001:2015 certification, Customs Agent Operating Conditions Certification, and a Multimodal Transport Business License from the Ministry of Transport, and is a member of FIATA, IATA, and the Vietnam Logistics Association.

The company's go-to-market is direct enterprise sales delivered through its own branch network: headquarters and warehouse facilities in Ho Chi Minh City, branches in Hanoi and Hai Phong, and offices in Da Nang, Qui Nhon, Nha Trang, and Can Tho. Revenue is generated primarily through transaction-based freight forwarding fees, recurring warehouse rental income, commissions from the Pan Continental Shipping agency relationship, and professional-services fees for customs and logistics advisory. The customer base is enterprise-focused and spans consumer electronics (Philips), fashion/apparel (Triumph, Emporio Armani, GAP), beverages (Red Bull, Highlands Coffee), paints/coatings (PPG, Becker), construction (Coteccons), retail (Metro, Decathlon), sports/retail (Hard Rock Cafe, Aikibi), oil and gas (PVPro), food (Dong Tam, Vietnam Air Caterers), steel/manufacturing (Hoa Sen Group), and reciprocal network partnerships with international forwarders such as Damco, Kuehne+Nagel, and KWE. Pricing is quote-based and non-public, negotiated per shipment on cargo type, volume, and routing.

The 2025 financial disclosures indicate a small-scale, volatile revenue base that contracted materially from a 2021 peak, while 2025-2026 have seen a sequence of Board, Supervisory Board, Board Secretary, and Chief Accountant resignations that signal governance turbulence. A majority-stake consolidation effort by Transimex-Saigon (active share purchases and a 2014 public tender offer) is an ongoing structural factor that may redirect strategic direction.

Name

Vinafreight

Legal name

Công ty Cổ phần VINAFREIGHT

Website

https://vinafreight.com

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

101–250 employees

Short description

Vinafreight is a Vietnamese publicly listed logistics and freight forwarding company offering air/sea freight, shipping line agency, warehouse leasing, and customs brokerage to enterprise importers and exporters across Vietnam via six nationwide locations and an exclusive Pan Continental Shipping partnership.

Ownership category

akta.pro rank

Product category

Freight Forwarding Services

NAICS

Freight Transportation Arrangement (488510), Support Activities for Water Transportation (4883), Marine Cargo Handling (488320)

SIC

Deep Sea Foreign Transportation Of Freight (4412)

akta.pro primary industry

Ocean Import Forwarding (Destination Handling/DO/ISF) (TLACABAE)

akta.pro secondary industries

Customs & Regulatory Filing Documentation (Entry/Exit Summaries, Declarations, ENS/AMS/ACI) (TLACAHAE), Export Customs Clearance (Export Declarations & AES/EEI) (TLACAFAB), Export/Import Documentation Preparation (Commercial Invoice, Packing List, Shipper’s Letter of Instruction) (TLACAHAD)

Keywords

• Freight forwarding services
• Air cargo logistics
• Ocean freight forwarding
• Shipping agency services
• Warehouse leasing logistics

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Revenue model

1. Air Freight Forwarding: Revenue from air cargo forwarding services including air transport, combined sea-air, consolidation, insurance, door-to-door delivery, and customs clearance services.
2. Sea Freight Forwarding: Revenue from sea cargo forwarding including FCL, LCL, project cargo, consolidation services, insurance brokerage, and customs declaration.
3. Shipping Line Agency Commission: Commissions earned as exclusive agent for Pan Continental Shipping Co. Ltd, providing vessel management, chartering, and maritime agency services.
4. Warehouse Leasing: Rental income from CFS facilities, cold storage, outdoor and indoor warehouses with supporting equipment (trailers, trucks, forklifts, tractors).
5. Value-Added Logistics Services: Advisory services on import/export, customs clearance, shipping method optimization, and logistics processing support helping customers focus on core activities.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Vinafreight provides international freight forwarding and logistics services, including air and sea freight forwarding, shipping agency services for vessel operators, and warehouse rental. The company serves import/export businesses and trading firms in Vietnam through a nationwide branch network. Established in 1997 and listed on the Hanoi Stock Exchange, it offers integrated multi-modal transport solutions.

Product overview

Vinafreight operates as a comprehensive logistics and freight forwarding company offering an integrated suite of services. The core portfolio consists of five interconnected service lines: (1) Air Freight Forwarding covering air transport and combined sea-air solutions, (2) Sea Freight Forwarding handling full and less-than-container cargo worldwide, (3) Shipping Agency as exclusive agent for Pan Continental Shipping, (4) Warehouse Rental with CFS, cold storage, and indoor/outdoor facilities, and (5) Value-Added Services providing customs and logistics consulting. These services work together to offer multimodal transport solutions, from January 2015 the company holds a Multipartite Transport Operator license from the Ministry of Transport.

Differentiator

Problem solved

Functional benefit

Products and services

• Air Freight Forwarding

Named customers23 records

Segments3 records

Ideal customer profiles1 record

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Pan Continental Shipping Co. Ltd (Korea)coreChannel Partner/ Reseller/ Distributor · 1 January 2015Vinafreight serves as the exclusive agent for Pan Continental Shipping Co. Ltd (Korea) in Vietnam since late 2015. The partnership provides container shipping services between Vietnam and major global ports, with an established network covering key international shipping routes.
• DamcominorOthersPartnership/network relationship indicated through partner logo display on Vinafreight website.
• Kuehne+NagelminorOthersPartnership/network relationship indicated through partner logo display on Vinafreight website.
• KWEminorOthersPartnership/network relationship indicated through partner logo display on Vinafreight website.

Scale indicators9 records

Recent moves9 records

Expansion highlights4 records

Direct peers

• Gemadept Corporation: Listed Vietnamese logistics company operating ports, container terminals, and logistics services including freight forwarding. Comparable as a publicly listed Vietnamese logistics peer with overlapping freight forwarding and port-adjacent services.
• Vinatrans: Vietnamese freight forwarding and logistics company headquartered in Ho Chi Minh City. Vinafreight originated as an air transport unit of Vinatrans before 1997, making Vinatrans the closest historical and operational analogue for international freight forwarding in Vietnam.
• Transimex (TMS): Major Vietnamese logistics and freight forwarding group that has been conducting a public tender offer for Vinafreight shares since 2014. Provides freight forwarding, customs, warehousing, and shipping agency services across Vietnam, directly overlapping with Vinafreight's service portfolio.

Broad incumbents

• DB Schenker: Global logistics provider offering air, ocean, and land freight forwarding with integrated supply chain solutions. Comparable incumbent 3PL competing for the same multinational customers that Vinafreight serves in Vietnam.
• Kuehne+Nagel: One of the world's largest global freight forwarders with air and sea freight forwarding capabilities. Listed on Vinafreight's website as a logistics network partner; competes with Vinafreight for multinational enterprise freight contracts originating in or destined for Vietnam.
• Expeditors International: US-listed global freight forwarder with strong presence in Asia-Pacific. Competes with Vinafreight for multinational enterprise freight contracts and is a relevant benchmark for asset-light forwarding business models.
• DHL Global Forwarding: Global freight forwarding arm of Deutsche Post DHL, offering air, ocean, road, and rail freight services worldwide. Represents the broader incumbent 3PL competition Vinafreight faces for multinational customers operating in Vietnam.
• Damco (Maersk Logistics): Global freight forwarder and logistics arm of A.P. Moller-Maersk, providing ocean and air freight forwarding services. Listed as a network partner on Vinafreight's website and represents the global ocean-forwarding competitive set with carrier-integrated capabilities.
• Kerry Logistics (KWE): Asia-headquartered global freight forwarder and logistics provider. Listed as KWE on Vinafreight's partner page; overlaps in freight forwarding, customs, and contract logistics services.

Emerging players

• Pan Continental Shipping: Korean container shipping line for which Vinafreight serves as exclusive Vietnam agent since late 2015. While not a direct forwarder competitor, PCS is a related counterparty whose shipping schedules, capacity, and agency economics directly drive a meaningful share of Vinafreight's revenue.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

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 Vinafreight