FiinGroup’s CEO Highlights Vietnam’s Cold Chain Growth Potential at CO-REF VIETNAM 2025

Hanoi, Vietnam – [May 22nd 2025] — At the recent thematic conference “The Future of Cold Chain in Vietnam & Asia”, held as part of CO-REF VIETNAM 2025, Mr. Huu Hieu, CEO of FiinGroup, delivered an insightful presentation on the rapid evolution of Vietnam’s cold chain logistics industry. 

CO-REF VIETNAM 2025 brought together hundreds of companies from across Vietnam, China, Japan, India, Singapore, and Hong Kong. The three-day exhibition showcased the latest technologies and solutions in cold storage, refrigerated transport, IoT-based monitoring, cold packaging, and modern logistics infrastructure. 

In his keynote, Mr. Hieu emphasized the sector’s immense growth potential, driven by Vietnam’s expanding trade activity, the rise of franchised F&B chains, and the rapid development of modern retail formats. He also addressed the pressing structural and investment challenges shaping the cold chain’s future. 

Key Takeaways from the keynote presentation: 

1. Vietnam’s cold chain market reached USD 202 million in 2024 and is expected to grow at a CAGR of 8–13% through 2028, supported by demand from the F&B sector, export growth across 17 FTAs, and the recovery of restaurant chains and modern trade. Strategic improvements in pallet utilization and infrastructure investment are accelerating this momentum. 

2. Vietnam’s cold chain logistics sector exhibits a pronounced concentration in both transportation and storage, with the southern region serving as the epicenter of activity. In this region, trucks make up 78% of cold transport, mostly controlled by logistics companies holding 81% of the market. On the storage side, just 19 major players, each managing over 30,000 pallets, hold nearly 64% of capacity. 

3. Amid current headwinds from U.S. tariffs, Vietnam’s cold chain sector is shifting into a more selective phase, where resilience and strategic investment will define winners. Export-driven demand from seafood and textiles faces rising risks, while growing domestic competition and storage oversupply are pressuring margins, pushing firms to boost efficiency and offer value-added services. 

4. Energy-efficient technologies are gaining traction in Vietnam’s cold storage sector, with with automation and rooftop solar leading adoption. Operators increasingly prioritize efficiency in investments, while innovations like VIPs, water-saving cooling, and green design show promise. However, challenges persist: high upfront costs with long payback periods, non-standard packaging, skilled labor shortages, and complex retrofits. 

To access the full presentation by FiinGroup, click HERE

FiinGroup has been at the forefront of market research and consulting in Vietnam’s cold chain industry for over a decade. Leveraging proprietary data and deep market expertise, we have supported numerous local and international manufacturers, logistics providers, and investors with actionable insights to drive strategic decisions and stay ahead of the competition. 

Our on-the-shelf industry reports provide in-depth analysis across Vietnam’s key sectors. For the cold chain sector specifically, we offer long-term market coverage, including insights on market size, growth drivers, infrastructure development, competitive landscape, and regulatory changes. 

📢 Coming Soon – Vietnam Cold Market Report 2025 | Now Open for Pre-order  
This upcoming edition will feature updated market forecasts, technology adoption trends, and sustainability progress, along with strategic guidance on investment and competition.  

Be among the first to access exclusive insights that will shape strategic decisions in Vietnam’s fast-evolving cold chain industry. 

👉 Pre-order now or get in touch with us at +84 (24) 3562 6962 or research.support@fiingroup.vn to learn more. 

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About FiinGroup  

FiinGroup is Vietnam’s leading provider of financial data analytics platforms, business information, market research and consulting, credit ratings, and other data-driven analytics services via Platform as a Service (PaaS), annual package, and on-call services.  

FiinGroup has successfully supported the completion of numerous economic concentration notification dossiers, conducted many independent market research reports, commercial due diligence in M&A transactions, M&A transaction advisory and other services, assisting domestic and foreign investors to successfully penetrate/expand business in Vietnam.