Global Vietnam Freight And Logistics Market 2021-2025 is a comprehensive report which provides a detailed overview of the major driver, opportunities, challenges, current market trends and strategies impacting the Global Vietnam Freight And Logistics market in conjunction with calculation and forecast of size, share, and growth rate analysis. Combining the analysis capabilities and knowledge integration with the relevant findings, the report has foretold the robust future growth of the Vietnam Freight And Logistics market all told its geographical and merchandise segments.
The Vietnam Freight and Logistics Market are estimated to grow at a CAGR of approximately 13% during the forecast period.
The Global Vietnam Freight And Logistics market is highly competitive and consists of a number of major players. Companies like Viettel Logistics Co. Ltd, Hai Minh Corp., Saigon Cargo Service Corporation (SCSC), Tan Cang Logistics & Stevedoring JSC, Vietrans Saigon Logistics, PetroVietnam Transportation Corp., Vietnam Transport & Chartering Corporation, Bee Logistics Corporation, Indo Trans Logistics Corporation, Vinatrans, Gemadept Corporation/Gemadept Logistics, Transimex Corp., Agility Logistics Pvt. Ltd, United Parcel Service Inc., Bolloré Transport & Logistics, Kintetsu World Express Inc., Keppel Logistics, DB Schenker, Kerry Logistics Network Limited, CEVA Logistics, Nippon Express Co. Ltd, Yamato Holdings Co. Ltd, Yusen Logistics Co. Ltd, Deutsche Post DHL Group among others.
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Vietnam is at an inflection point, with a rapidly increasing GDP, the young population, and the willingness to adopt new technologies. The logistics market in the country is in its transition stage and the demand for logistics is rising strongly. High economic growth, increasing domestic manufacturing, the rise in consumption, and booming e-commerce are some of the key drivers of the Vietnamese freight and logistics market. Weak transport infrastructure and high logistics cost remain to be market restraints. Contract logistics is one of the key trends in the Vietnamese freight and logistics market. The booming e-commerce in the country presents an opportunity for start-ups with innovative technologies demanding more efficient logistics services, especially in the areas of last-mile delivery and value-added services. The logistics market in Vietnam is becoming more liberalized, creating opportunities for new companies to cash in on the rising demand.
Key Market Trends:
The country is aiming to become maritime powerhouse with the growing maritime sector
With a coastline of 3,260 kilometers and a number of rivers flowing the country, Vietnam holds a lot of potential for maritime freight transport. In 2018, the seaports of Vietnam handled 524.7 million metric tons of cargo, 19% more than that in 2017. The country has 1,593 ships, with a total capacity of about 7.8 million DWT as of December 2018, ranking fourth in ASEAN and 30th globally. Additionally, Vietnam has 272 wharfs with an accumulated annual capacity exceeding 550 million metric tons. There are around 1,300 businesses in the country providing maritime businesses; however, they fulfill only a portion of the market demand. The maritime sector of the country needs investments, and as it grows, the sector is likely to have a profound impact on the economy.
The Vietnamese government plans to make Vietnam a powerful maritime country by 2030. It aims to increase the maritime sector contribution to GDP to 10%. Further, the government aims to increase the contribution of the 28 coastal cities and provinces to the Vietnamese economy to 65% – 70%, which was around 60% in 2017. The country aims to increase the throughput to 640 to 680 million metric ton, per year, by 2020, and 1,040 to 1,160 metric tons, per year, by 2030. The government is also looking to reduce the dependence on road transport and cut the volume of goods transported on roads.
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The key insights of the Vietnam Freight And Logistics Market report:
- The report provides key statistics on the market status of the Vietnam Freight And Logistics market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
- The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
- The Vietnam Freight And Logistics market report presents the company profile, product specifications, capacity, production value, and 2014-2020 market shares for key vendors.
- The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
- The report estimates 2020-2025 market development trends of Vietnam Freight And Logistics Market.
- Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
- The report makes some important proposals for a new project of Vietnam Freight And Logistics Industry before evaluating its feasibility.
Finally, Vietnam Freight And Logistics Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Vietnam Freight And Logistics industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
Key points in this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
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