How Logistics Market is Positioned in Vietnam?
The logistics industry in Vietnam has seen significant growth in recent
years owing to Vietnam’s expanding manufacturing sector, e-commerce sector and
country’s economy. The majority of Freight is carried through road, maritime
(including inland waterways) and aviation. Vietnam’s young population has
helped the country with the adoption of e-commerce, resulting in increasing the
demand for the expansion of logistics industry. Vietnamese government is aiming
towards an export driven economy. Establishment of key economic zones and more
than 300 industrial parks are some steps taken by the Vietnamese government that
will strengthen the future of logistics industry in the country.
Logistics is one of the fastest growing sectors in Vietnam due to the
increase in trade between countries and Vietnam. The Vietnamese government aims to achieve an
annual logistics growth rate close to 20 percent by 2025. Vietnam’s cargo
throughput has steadily grown between 2015 and 2019. The logistics services tend to be outsourced in
Vietnam – characterized by basic and specialized services. Basic services
include transport and warehousing. Specialized services include higher-order
services such as the management of warehouse, inventory, and vendor; processing
of orders; liaising with customs; and reverse and climate-controlled logistics.
Opportunities
exist for developing warehousing infrastructure and distribution centers. There
is a need to integrate existing storage infrastructure with other logistic
functions, such as transportation, inventory management, cold chain, customs
facilities, and warehouse management.
Vietnam Logistics Market Segmentation
By Freight Volume:
The
Logistics market is segmented on the basis of Freight Volumes i.e. Volume of
Freight Carried and Volume of Freight Traffic.
By Type of Transportation
The
Logistics market is segmented on the basis of Type of Transportation i.e. Road,
Rail, Air and Water.
By Type of Ownership
The
Logistics market is segmented on the basis of Type of Ownership of the
Enterprises in Logistics Industry i.e. State Owned, Non-State Owned and FDI.
By Transportation Sector
The
Logistics market is segmented on the basis of Transportation Sector in Vietnam
i.e. Domestic and Overseas.
Detailed Analysis on Road
freight Market in Vietnam
As per recent Logistics Performance
Index, Vietnam ranked 39 out of 160 countries rising 25 positions since 2016. Over
three-fourths of freight tonnage in Vietnam was transported by road, growing
five percent during the period of 2010-2019. The increasing movement of goods to and from Vietnam has
necessitated further development in its road freight sector. Vietnam’s
participation in several free trade agreements (FTAs) has further
helped augment its manufacturing growth.
Vietnam Road Freight Market
Segmentation
By
Freight Volume
The
Road Freight market is segmented on the basis of Freight Volumes i.e. Volume of
Freight Carried and Volume of Freight Traffic.
By
Region
The
Road Freight Market in Vietnam is segmented on the basis of various regions in
Vietnam i.e. Red River Delta, Northern Midland & Mountain Region, Northern
Central Area & Central Coastal Area, Central Highlands & South East,
Mekong River Delta.
Comparative
Landscape in Vietnam Ambient Container Truck Market
Competition was observed to be highly
fragmented however, within high fleet size category; the competition has become
concentrated with domestic players such as SNP – Siagon New Port, MP logistics,
Viettel Logistics and others. Nevertheless, the medium fleet sized players have
a larger presence in the market in terms of revenue, freight volume and other
parameters.
Vietnam
Road Freight Future Outlook and Projections
Factors
such as vehicle efficiency, shifting from traditional to alternative fuels,
technological implementations, strategic collaborations will drive the
Vietnamese Road Freight market in the near future both in terms of revenue and
freight volume. Apart from domestic players numerous other international
players might enter the market and contribute towards the growth in future in
Vietnam.
Key
Segments Covered:-
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
For
More Information on the research report, refer to below link:
Vietnam Road Freight Market
Related Reports:-
India Road Freight Market Outlook to 2024 – Driven by BS VI Norms,
revision in Existing Axle Norms by the Government and Technological Advancements
Turkey Logistics and Warehousing Market Outlook to 2025 – By Domestic
and International Freight Forwarding Throughput, Revenue & Flow Corridor
(Road Freight and Pipelines, Sea, Air and Rail Freight), By Warehousing
(Industrial / Retail, Container Freight / Inland Container Depot & Cold
Storage), By 3PL, Courier Express & Parcel, Domestic and Cross Border
E-commerce Logistics
Follow Us:-
LinkedIn | Instagram | Facebook | Twitter | YouTube
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249
