The paper evaluates the factors influencing cash holdings of listed logistics companies in Vietnam. Data was collected from the audited financial reports of 68 listed logistics companies on the Vietnam stock exchange from 2010 to 2022. The research findings indicate that the return on assets (ROA) variable does not affect cash holdings (CASH), while the capital expenditure (CAPEX) variable has a negative impact. Variables such as the natural logarithm of total assets (LnTTS), net working capital (NWC), and cash flow from operations (CF) positively influence cash holdings (CASH), with net working capital (NWC) having the strongest impact, and the scale of company assets (LnTTS) having the weakest impact. In this study, there is no evidence to support the assertion that leverage (LEV), revenue growth (REV-GR), and return on assets (ROA) influence the cash holding ratio of listed logistics companies. Based on the research results, managers of listed logistics companies within the scope of the study can devise appropriate solutions for cash management.