According to the report analysis, ‘Vietnam
Logistics Industry Comprehensive Report Q1/2020’ states that in the
Vietnam logistics market there are numerous corporates which presently
operating more significantly for leading the fastest market growth and
registering the handsome value of market share throughout the review duration
while spreading the awareness related to the applications, durability and
effective services, delivering the better consumer satisfaction, decreasing the
linked prices, implementing the effective strategies and policies, analyzing
the competitor’s and government’s norms and advancing the technologies includes
PETROVIETNAM TRANSPORTATION CORPORATION (PVT), VINAFREIGHT JOINT STOCK COMPANY
(VNF), VIETNAM OCEAN SHIPPING JOINT STOCK COMPANY (VOS), SOUTH LOGISTICS JOINT
STOCK COMPANY (STG), VIETNAM TANKER JOINT STOCK COMPANY (VTO), VINAFCO SHIPPING
JOINT STOCK COMPANY( VFC), VIETNAM OCEAN SHIPPING AGENCY CORPORATION (VSA),
VIETNAM SEA TRANSPORTAND CHARTERING JOINT STOCK COMPANY (VST), GEMADEPT JOINT
STOCK COMPANY (GMD), VIETNAM CONTAINER SHIPPING JOINT STOCK COMPANY (VSC), TAN
CANG LOGISTICS & STEVEDORING JOINT STOCK COMPANY (TCL), DINHVU PORT
INVESTMENT AND DEVELOPMENT JOINT STOCK COMPANY(DVP), HAI AN TRANSPORT AND
STEVEDORING JOINT STOCK COMPANY (HAH), CDONG NAI PORT JOINT STOCK COMPANY(PDN),
CAT LAI PORT JOINT STOCK COMPANY (CLL), DOAN XA PORT JOINT STOCK. COMPANY (DXP)
and several others.
The worldwide logistics market is
review to increase at an average of 6.54% per year over the duration of
2017-2020, and reach USD 15.5 trillion by 2024, approximately double the figure
of USD 8.2 trillion in 2016. International trade is quite vigorous, besides the
augmenting the requirement for transportation along with the transformation in
the shipping capacity has supported 3PL logistics service merchants continuously
augment revenue in the past 3 years.
Predominantly in Vietnam, Commonly
in 2019, freight transport reached 1,684.1 million tons, up 9.7% over the
preceding year and 322.2 billion tons.km, up 7.8%, of which domestic transport
stretched 1,650 million tons, up 9.8 % and 179.4 billion tons-kilometers, up
10.4%; foreign transport grasped 34.1 million tons, up 4.3% and 142.8 billion
tons-kilometers, up 4.7%. It is projected that Vietnam's freight and logistics
market will stretch USD 113.32 billion by 2022, with a CARG of 16.56%.
In addition, the E-commerce plays
very central role in offering freight consumers new options to help their
economic growth. E-commerce is projected to persist as the foremost driver of
growth in the transportation industry. Not only has this, the effective rise in
the internet-based retailing is booming the growth of the logistics market.
Exponentially flourishing the online shopping around the market is behaving as
foremost driver of the logistic market. Furthermore, short duration consignment
delivery, after sales helps and services are propelling the internet retail
market. Expressive the fact, the online retailer should deliver the good
logistics services to form and continue good and satisfactory relationships
with the consumers. The growth in internet retail market is thus propelling the
logistics market at present and same trend is projected to be monitored over
the forecast duration. Therefore, in the upcoming future, it is anticipated
that the market of logistics will increase around the region over the
forthcoming years more extensively.
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Ankur Gupta, Head Marketing &
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