The report titled “Vietnam
Logistics and Warehousing Market Outlook to 2022 – By Service Mix (Freight
Forwarding, Warehousing, Cold Chain, Express Delivery, E-commerce Logistics,
Third Party Logistics)” provides a comprehensive analysis of logistics
and warehousing services in Vietnam. The report focuses on Vietnam freight
forwarding market by normal and express delivery, by freight movement (sea
freight, road freight, air freight and rail freight), by international and
domestic freight forwarding and by flow corridors (Asia Countries, European
Countries, American and African Countries); Vietnam warehousing market by
number of warehouses (Southern Vietnam and other regions), by end users (retail,
electronic devices, textile and footwear, wooden products and others), by
international and domestic companies and by business model (industrial
freight/retail, container freight, cold storage, agriculture and others). The
report further provides insight on Vietnam express delivery market by
international and domestic express, by air and ground express and by market
structure (B2C, B2B and B2C) along e-commerce logistics business by channel
(3PL companies and e-commerce merchants), by speed of delivery (2 day delivery,
1 day delivery, same day delivery, within 2 hours and delivery beyond 2 days),
by area of delivery (intercity and intracity) and by payment method (cash on
delivery and others). The report provides statistics on Vietnam 3PL market by freight
forwarding and warehousing and by international and domestic companies. The
report also covers the overall competitive landscape; government role and
regulations, SWOT analysis, growth drivers, trends and developments.
Vietnam
Logistics and Warehousing Market Size
The logistics industry is one of the
fastest growing industries in Vietnam, but poor infrastructure is increasing
its costs. The main logistics hubs can be found in the North (Ha Noi – Hai
Phong area) and in the South (the wider Ho Chi Minh city area, including Dong
Nai province, Binh Duong province and Ba Ria/Vung Tau). The market revenues
were evaluated at USD ~ billion in 2011 and were witnessed to increase to USD ~
billion in the year 2017, thus growing at six year CAGR of ~% in the review
period 2011-2017. The logistics industry encompasses with several components
such as freight, warehousing, and value added services in Vietnam.
Vietnam
Logistics and Warehousing Market Segmentation
By
Service Mix
The freight forwarding segment among
service mix has dominated the logistics and warehousing market with a revenue
share of ~%, thus evaluated at USD ~ billion in the year 2017 owing to the
country’s export oriented manufacturing sector. Roadways were observed as the
most preferred mode of transportation, thus displaying a volume share of ~% in
Vietnam freight forwarding market in 2016. The remaining volume share of ~% was
captured by inland waterways, maritime shipping, railways and aviation
transport collectively. The warehousing segment and value added services
followed freight forwarding market with a revenue share of ~% and ~% in Vietnam
logistics and warehousing market in 2017.
By
End User
The food and beverages segment
dominated Vietnam logistics and warehousing market with a revenue share of ~%,
thus evaluated at USD ~ billion in the year 2017. The sector is primarily
driven by rising demand for both foreign as well as local brands in the
country. Other sectors such as engineering equipments, metals, automotive, oil
and gas, garments, plastic products, cosmetic, rubber products, arts and
handicrafts, ceramics, glasses, pharmaceutical products and medical equipments
collectively captured the remaining revenue share of ~% in Vietnam logistics
and warehousing market in the year 2017.
Vietnam
Freight Forwarding Market
The freight forwarding industry in
Vietnam was evaluated at USD ~ billion in terms of revenue contribution in 2011
which was observed to increase to USD ~ billion in the year 2017, thus growing
at a six year CAGR of ~% in the review period 2011-2017. Vietnam’s freight
transport market is majorly dominated by two modes namely inland waterway
transport (IWT) and the roadways. The percentage of customers opting for
express delivery has increased in the past five years, thus evaluated with a
revenue share of ~% in Vietnam freight forwarding market in the year 2017. By
freight movement, the sea freight segment dominated Vietnam freight forwarding
market by capturing revenue share of ~% in the year 2017 majorly due to
increasing trade activities amongst the Southeast Asian countries. Over the
forecast period, Vietnam freight forwarding market is expected to generate
revenues worth USD ~ billion by the year ending 2018, driven by expanding
industrial activities, growing E-commerce industry, continuous investment by
the government in development of logistics infrastructure in Vietnam.
Vietnam
Express Logistics Market
The express logistics market in
Vietnam was evaluated at USD ~ million in 2011 which witnessed an increase to
USD ~ million in the year 2017, thus growing at a six year CAGR of ~% in the
review period 2011-2017. Vietnamese express delivery firms such as Hop Nhat,
ViettelPost and VNPost still have been operating well in the market alongside
foreign giants such as DHL, FedEx and UPS. These foreign giants firms mostly
deliver documents, mails, cargos in small quantities. By international and
domestic express, the domestic express segment dominated Vietnam express
logistics market with a massive revenue share of ~% in the year 2017. The
market is estimated to generate revenues worth USD ~ million by the year ending
2018.
Vietnam
E-Commerce Logistics Market
Rising number of online orders,
especially shipments for FMCG products and consumer durables among the
Vietnamese population have been driving the demand for E-commerce logistics in
the country. The total number of orders was evaluated at ~ million in the year
2015, which witnessed an increase to ~ million in 2017. By speed of delivery,
the 2 day delivery, commonly known as standard delivery segment was observed to
be chosen as the most preferred shipping choice for Vietnamese digital buyers
owing to the rise in availability for free shipping among many e-retailers in
the country. The segment dominated by capturing a market share of ~% in terms
of number of orders, thus evaluated at ~ million in the year 2017. Other
delivery modes include 1 day delivery, same day delivery and delivery beyond 2
days in Vietnam.
Vietnam
3PL Market
Vietnam 3PL market was evaluated at
USD ~ billion in the year 2011, which witnessed an increase to USD ~ billion in
the year 2017, thus growing at a six year CAGR of ~% in the review period
2011-2017. 3PL providers can offer a variety of services to companies seeking
to outsource logistics functions in Vietnam majorly including domestic
transportation, international transportation and warehousing. The International
companies operating in Vietnam 3PL market has clearly established themselves as
market leader by capturing a whopping revenue share worth ~% in the year 2017. The
market is estimated to generate revenues worth USD ~ billion by the year ending
2022, thus growing at a CAGR of ~% in the forecast period 2018-2022.
Vietnam
Warehousing Market
In terms of revenue generation, the
warehousing market in Vietnam was evaluated at USD ~ billion in the year 2011.
The market was witnessed to increase to USD ~ billion in the year 2017, thus
growing at a six year CAGR of ~% for the review period 2011-2017. Growing
manufacturing activities in Vietnam, rising domestic consumption and increasing
international trade were some of the primary growth drivers of warehousing in
Vietnam. By number of warehouses, the Southern region dominated Vietnam
warehousing market with the presence of ~% warehouses in the year 2017 owing to
proximity towards key destinations such as airports, seaports, major cities,
main highways and borders. The remaining ~% revenue share was collectively
captured by the Northern and Central Vietnam in 2017. Vietnam warehousing
market is expected to generate revenues worth USD ~ billion in the year 2018
owing to rising demand for warehousing services because of lack of adequate
space in the ports and IDC and CFS.
Competitive
Landscape in Vietnam Logistics and Warehousing Market
The freight forwarding industry in
Vietnam was observed as highly fragmented with the presence of both domestic as
well international freight forwarders in the country. In accordance with
Vietnam Freight Forwarders Association (VIFFAS), there are approximately ~
freight forwarders in Vietnam as of 2013, most of which constitute small and
medium sized enterprises with limited capital, well-equipped facilities and a
respectable number of warehouses. The express logistics industry in Vietnam was
witnessed to be highly concentrated with the presence of major players in both
domestic as well as internal express segments. The E-commerce logistics market
in Vietnam was observed to be highly concentrated with the presence of major
players such as GHN, VNPost and Viettel Post covering around ~% of the market
share in the year 2017. Competition within the logistics industry is ramping up
due to tightened capacity along with increased consolidation within the supply
chain arena, which has resulted in fewer partners for 3PLs and increased
prices. Warehousing industry is one of the major segments of Vietnam logistics
and warehousing sector which encompasses a mix of both unorganized and
organized players. The companies in the country are competing with each other
on the basis of the size and location of the warehouse.
Key Topics
Covered in the Report:
Logistics and Warehousing Market in Vietnam
Vietnam Logistics Industry
Vietnam Logistics Market
Transport Infrastructure in Vietnam
Seaport Operations in Vietnam Logistics Market
Airport Operations in Vietnam Logistics Market
Freight Forwarding Market in Vietnam
Vietnam Logistics and Warehousing Market Size
Vietnam Freight Forwarding Market Size
Logistics Services in Vietnam
Logistics Services in Hanoi
Logistics Services in Ho Chi Minh City
Logistics Services in Da Nang
Number of Freight Forwarders in Vietnam Logistics
Industry
Number of Logistics Companies in Vietnam
Freight Forwarding Future Outlook Vietnam
Express Logistics Market in Vietnam
Role of Express Delivery in Vietnam
Vietnam Logistics Market Competition
Shipping Fleet of Major Vietnam Seaports
Cargo Output through Vietnam Seaports
Growth of Express Delivery Services in Vietnam
Major Players Express Delivery Vietnam
Vietnam Postal Industry
Vietnam E-commerce operations
E-commerce Logistics Players in Vietnam
Vietnam E-Commerce Logistics Market Size
E-Commerce Logistics Growth Drivers
Future Growth E-Commerce Logistics Vietnam
Trends and Development in Vietnam Logistics Industry
Issues and Challenges in Vietnam Logistics Industry
How to setup a Logistics Company in Vietnam
Government Regulations Vietnam Logistics
Vietnam 3PL Market
3PL Market Size Vietnam
3PL Operations in Vietnam
Vietnam 3PL Players
The Future of 3PL in Vietnam
Warehousing Services in Vietnam
Vietnam Warehousing Industry
Types of Warehouses in Vietnam
Warehousing Market Size Vietnam
Value Added Services in Vietnam
SWOT Analysis Vietnam Logistics Industry
Future Growth Vietnam Logistics and Warehousing
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