Showing posts with label Logistics Sector Vietnam. Show all posts
Showing posts with label Logistics Sector Vietnam. Show all posts

Monday, August 21, 2023

The Powerhouse Behind Vietnam Logistics Market: Freight Forwarding Sector Generates over USD 50 Bn in 2022, Fueled by Growing Road Freight Transport Sector and Favorable Government Regulations. What Lies Ahead? Ken Research

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The Vietnam Logistics Market is highly fragmented with competitive rivalry among the competitors. Some of the popular logistics brands like Vietnam Post, DHL and Viettel Post compete on the basis of revenue, location, warehousing space, number of warehouses and number of fleets.

Vietnam Logistics Market

1.Driving Forward: Vietnam's Growing Road Freight Transport Sector Expands with Government-led Infrastructure Development.

Vietnam Logistics Market

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Vietnam’s road quality urgently needs improvement given that road transport is the backbone of the country’s logistics and transport industry. 20% of roads are paved with medium to low-quality materials that result in cracks and bumpy surfaces.

Construction of 1,800 Km HCMC-Hanoi highway will aid transport and goods movement throughout the country.By 2030, the Government aims to achieve a cargo transportation capacity of 4.4 Bn tons and a road transport capacity capable to move 2.7 Tons of cargo per year.

2.Unraveling Vietnam's Government Rules and Regulations: Navigating Freight Forwarding's Transportation and Capital Requirements.

Vietnam Logistics Market

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Regulation on Road Freight:

  • Permissible width of loading cargoes should not exceed 1.1 times of the total length of the vehicle not more than 20.0 meters.
  • Rudimentary vehicles are not allowed to load cargoes exceeding the rear and front more than the 1/3 of body length.

Regulation on Air Freight:

Charter Capital Requirements for airlines with maximum of:

  • 10 aircrafts: $ 29.8 Mn (international) and $ 12.8 Mn (domestic transportation).
  • 11-30 aircrafts: $ 42.6 Mn (international services) or $ 25.5 Mn (domestic flights)
  • 30 aircrafts: $ 55.4 Mn (international) and $ 29.8 Mn (domestic).

Market Maxomony

Vietnam Logistics Market Segmentation

By Service Mix

  • Freight Forwarding
  • Warehousing
  • CEP
  • Value Added Services

Vietnam Freight Forwarding Market Segmentation

By Mode of Freight

  • Road Freight
  • Sea Freight
  • Air Freight

By Type of Freight

  • International Freight
  • Domestic Freight

By Types of Operators

  • Small Fleet Operator (SFO)
  • Medium Fleet Operator (MFO)
  • Large Fleet Operator (LFO)

By End-User

  • Retail
  • Oil and Gas
  • Textiles
  • Pharma
  • Others

Vietnam Warehousing Market Segmentation

By Warehousing Types

  • General/Industrial/Retail
  • CFS/ICD
  • Cold Storage
  • Agriculture and Others

By Warehouse Locations

  • Northern
  • Central
  • Southern

By End-User

  • Retail
  • Oil and Gas
  • Textiles
  • Pharma
  • Others

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Major Players Mentioned in the Report:

  • Yusen Logistics
  • Transimex
  • Gemadept Corporation
  • Maersk
  • Kuehne+Nagel
  • MP Logistics
  • ITL
  • Vietnam Post
  • Viettel Post
  • Vietnam Maritime Corporation
  • Expeditors
  • Bee Logistics
  • DB Schenker
  • Vinafrieght Joint Stock Company
  • CJ Gemadept
  • Ceva Logistics
  • GHN Express
  • DHL VNPL Express
  • EMS

Key Target Audience

  • E-Commerce Companies
  • Third-Party Logistic Providers
  • Potential Market Entrants
  • Freight Forwarding Companies
  • Warehousing Companies
  • Cold Storage Companies
  • Industry Associations
  • Consulting Agencies
  • Government Bodies & Regulating Authorities

Time Period Captured in the Report:

  • Historical Period: 2017-2022
  • Base Year: 2022
  • Forecast Period: 2022-2027

For More Insights On Market Intelligence, Refer to the Link Below: –

Vietnam Logistics Market Outlook to 2027

Related Reports by Ken Research: –

Indonesia Logistics Market Outlook to 2027

Friday, August 18, 2023

Vietnam Logistics Market: Achieving a USD 60 Bn Milestone in 2022 with Vision 2030 and E-Commerce Logistics. What Lies Ahead for this Thriving Industry? Ken Research

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1.Driving Forces: Vietnam's Logistics Market Flourishes with Rising Economy, E-commerce Adoption, and Government Initiatives.

Vietnam Logistics Market

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  • In 2022, Vietnam's economy achieved a growth rate of 8.0%, fueled by various factors, including the significant contribution of export-oriented manufacturing to the logistics sector's expansion.
  • The adoption of e-commerce in Vietnam has rapidly increased, with the rate rising from 0% in 2017 to 50.0% in 2020, primarily driven by the younger population.
  • As a result of the US-China trade war and the pandemic, many manufacturers relocated their operations from China to Vietnam, attracted by the region's low labor costs. This influx of global players has further stimulated the growth of Vietnam's logistics sector.

 2.Vision 2030: Vietnam's Government Focuses on Developing Infrastructure for Seamless Deliveries in the Logistics Market.

Vietnam Logistics Market

Vietnam Logistics Market

  • Under the Vision 2030, the country plans on developing over 5000 km of expressway by 2030.
  • The country also plans on developing 172 routes with a total length of 29,795 km by 2030.
  • The development of coastal roads going through 28 cities and provinces is also underway.
  • The road development in Vietnam aims to develop the national road system in a sustainable and comprehensive manner.
  • In 2022, the Prime Minister of Vietnam issued a decision on mechanism and policies for the development of inland waterways in the region that included the allotment of invest capital with encouraging factors.

3.Revolutionizing E-Commerce Logistics Warehouses: The Essential Technologies for Vietnam's Logistics Market.

Vietnam Logistics Market

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  • Instant access to high-quality data enhances supply chain visibility. It supports inventory and process management, risk assessment, space optimization, automated documentation, and more.
  • Integrating robotic or semi-robotic technologies improves human pickers' efficiency by reducing walking distances, optimizing routes, and seamlessly integrating with the current WMS. This leads to precise picking and packing processes.
  • An automated inventory management system is a software that enables wholesalers and distributors to manage inventory in real-time. It allows companies to retrieve inventory counts directly from suppliers through a data feed integrated into their website.
  • AGVs are effective in speeding up storage and retrieval tasks, including putaway, loading, and stock take. They are self-guided and can be equipped with forklifts and pallet carts, following predetermined paths to handle pallets, boxes, and containers.`