Impact of ICT on Road Freight: Vietnam has made significant progress towards improving Information and Communication Technologies (ICT), particularly the growth of internet and Intelligent Transportation System (ITS). The internet has increased B2B and B2C transactions leading to greater transportation demand in Vietnam. ITS have promoted the optimization of fleet management through real time information leading to transportation efficiency.
COVID-19 Impact
on Road Freight Market: Commercial road transport, both passenger and goods, has been
severely impacted by COVID-19 due to transport restrictions put in place to
mitigate the pandemic and the overall economic downturn. Vietnam’s
road freight was severely impacted by the Covid-19 outbreak as Freight costs have increased due to
a shortage of truck drivers, who have shunned the severe quarantine measures. After
the spread of COVID-19, the import of raw materials from China was
significantly delayed and Vietnam's strict quarantine measures made it
difficult to cross the border to Cambodia.
Last Mile
Logistics in the Industrial Revolution (4.0) in Vietnam: The most significant impact of IR
4.0 in Vietnam is the steady development of e-commerce. Vietnam currently has
one of the fastest-growing B2C ecommerce markets in Southeast Asia. In 2019,
Vietnam's e-commerce continued to grow comprehensively, with a growth rate of
over 30%. The current booming of Vietnam e-commerce, therefore, has created
very high demand for logistics services as well as triggered a promising
e-logistics sector, particularly Last Mile Logistics, which is essential for
e-commerce business because it interacts directly with end customers.
Improving
quality of Infrastructure: The Ministry of Transport, Vietnam has launched Vietnam Road
Administration (VRA), a subordinate administrative agency to administer and
supervise the road transportation system. In Areas such as Mekong Delta, road
and bridges are non-existing or are of very poor standard led to development of
very strong and efficient Inland waterways connecting rural areas. By 2030, VRA
is planning to invest $14Bn to provide a continuous road network in Central
Vietnam, through a north-south highway.
The report titled “Vietnam
Road Freight Market Outlook to 2025”
by Ken Research suggested that the
logistics market is expected to grow at a double digit positive CAGR. Increased
Trade and Technological advancements in the fleet are driving the ambient
container truck market in Vietnam. The Road
Freight revenue in Vietnam is expected to grow over the next few years owing to
the increasing industries and trade parks in the country.
Logistics Market
By
Freight Volume
By
Transport Sector
By
Transportation
By
Enterprise Ownership
Road Freight Market
By
Freight Volume
Fleet
Characteristics
Key Target Audience:-
Manufacturing
Industry
FMCG
Industry
Food
Processing Industry
Agriculture
industry
Food
Packaging industry
Transporatation
industry
Consumer
Electronics Industry
Electrical
Industry
Automobile
Industry
Time Period Captured in the Report:-
Historical Period: 2015-2019P
Forecast Period: 2020F–2025F
Companies Covered:-
Road Freight Industry
Viettel
Logistics
SNP –
Saigon New Port
MP
Logistics
Indo
Trans Limited
DB
Schenker
Transimex
Corp.
Bollore
Logistics
VinaFreight
International
U&I
Logistics
Gemadept
Corp.
Nguyen
Ngoc
Bee
Logistics
VinaTrans
TCI
Logistics
Minh Chau
JSC
Interlink
End User:-
Trung
Nguyen
Unilever
Samsung
Viettel
Sapporo
Breweries
Yakult
Honsha
PetroVietnam
CocaCola
TOTAL
Nestle
VinaMilk
Masan
Holdings
Suntory
Pepsico
Sabeco
Brewery
Procter
& Gambler
Key
Topics Covered in the Report:-
Vietnam
Logistics Market Introduction
Vietnam
Logistics Market Size, 2015-2019P
Vietnam
Logistics Market Segmentation, 2015-2019P (Revenue, Freight Volume, Transport
Sector, Transportation, Enterprise Ownership)
Detailed
Analysis on Road Freight Market ( Revenue, Freight Volumes, Fleet
Characteristics, End User Analysis, Supply EcoSystem, Cost Component, Demand
Analysis)
Major
Challenges in Vietnam Road Freight Market
Regulatory
Landscape in Vietnam Logistics Market
Target
End Users(Analysis on Top 15 FMCG companies)
Comparative
Landscape in Vietnam Road Freight Market
Vietnam
Road Freight Market Future Outlook and Projections, 2020F-2025F (Revenue,
Freight Volumes, Future Innovations)
Impact of
Covid-19 on Road Freight Industry
For
More Information on the research report, refer to below link:
Related Reports:-
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