Vietnam is a developing country with impressive economic achievements in recent years. Efficient logistics system is considered the key to success of Vietnam’s development, especially when its economy relies on import, export and foreign investment. Since 2007, Logistics Performance Index (LPI) issued by the World Bank has been used as a trustworthy signal for the condition of a country’s logistics system. In 2018, Vietnam’s LPI shows a spectacular improvement by increasing 25 ranks and stands at the 39th position in the global ranking. It is also the best position for a lower-middle income economy in the ranking. The paper aims to reveal the current situation of Vietnam’s Logistics system behind this remarkable increase of the LPI ranking. Both the statistical and empirical analyses will be applied to answer the proposed Hypothesis and Sub-Questions for better understanding on Vietnam’s LPI. It is concluded that despite of a sudden rise in the LPI results, Vietnam’s logistics system has not shown a significant improvement. In order to maintain the LPI rank in the top 50 in the world, Vietnam needs to continue making efforts to develop synchronous logistics system to gradually solve current problems.