Vietnam Logistics Market Outlook to 2027
Driven by Infrastructural and Government Investments Coupled with the Growth of E-Commerce Sector in Vietnam
Region:Asia
Author(s):Anchal Gupta, Rajat Goyal
Product Code:KR1369
August 2023
133
About the Report
The report provides a comprehensive analysis of the potential of Logistics Industry in Vietnam. The report covers an overview and genesis of the industry, market size in terms of revenue generated.
The report has market segmentation which include segments by service mix, by mode of freight, by type of freight, by type of operator, by end-user, by warehouse type, by market model, by CEP transaction time and by mode of shipment; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.
Market Overview:
According to Ken Research estimates, the Market Size of Vietnam Logistics has shown increasing trend from 2017 to 2022. However, there was a decline after 2019 due to restrictions imposed during covid-19; however, the conditions have been better as the market recovers from Covid 19. Logistics sector in Vietnam is growing due to surge in e-commerce sector in response to Covid-19 and increase in the use of new technologies to meet customer demands. Vietnam’s expanding economy, manufacturing has also added to the growth in the logistics sector.
Government’s plan under Vision 2030 to empower maritime industry and raise its contribution to a 10th of GDP by 2030.- Rapidly modernizing retail, e-commerce and a growing automotive sector provide opportunities for contract logistics and express providers.
- The warehousing industry will witness an increase in use of technology and automation as major players adopt robotics technology.
Key Trends by Market Segment:
By Mode of Freight: Sea freight is an economical and efficient means of transporting goods as Vietnam has a coastline of 3,444 km and a number of large ports.
By Types of Warehousing: Rise in e-commerce with an internet penetration rate of 73.6% in 2022 has increased the demand of industrial freight warehouses in Vietnam.
Competitive Landscape:
Future Outlook:
Market Size of Vietnam Logistics is expected to show increasing trend from 2022 to 2027. This is owing to rising economy, adoption of e-commerce, China plus one strategy and initiatives by the government. Also, development of roads across Vietnam for better connectivity under Vision 2030 is expected to add to the efficiency of logistic related operations.
Scope of the Report
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Vietnam Logistics Market Segmentation |
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By Service Mix |
Freight Forwarding Warehousing CEP Value Added Services |
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Vietnam Freight Forwarding Market Segmentation |
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By Mode of Freight |
Road Freight Sea Freight Air Freight |
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By Type of Freight |
International Freight Domestic Freight |
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By Types of Operators |
Small Fleet Operator (SFO) Medium Fleet Operator (MFO) Large Fleet Operator (LFO) |
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By End-User |
Retail Oil and Gas Textiles Pharma Others |
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Vietnam Warehousing Market Segmentation |
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By Warehousing Types |
General/Industrial/Retail CFS/ICD Cold Storage Agriculture and Others |
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By Warehouse Locations |
Northern Central Southern |
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By End-User |
Retail Oil and Gas Textiles Pharma Others |
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Vietnam Courier, Express and Parcel (CEP) Logistics Market Segmentation |
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By CEP Market Model |
B2B B2C C2C |
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By CEP Transaction Time |
Same Day Next Day After 2 Days More than 2 days |
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By CEP Mode of Shipments |
Domestic International |
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By End-User |
Retail Oil and Gas Textiles Pharma Others |
Products
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:
- E-Commerce Companies
- Third-Party Logistic Providers
- Potential Market Entrants
- Freight Forwarding Companies
- Warehousing Companies
- Cold Storage Companies
- Industry Associations
- Consulting Agencies
- Government Bodies & Regulating Authorities
Time Period Captured in the Report:
- Historical Period: 2017-2022
- Base Year: 2022
- Forecast Period: 2022-2027
Companies
Major Players Mentioned in the Report:
- Yusen Logistics
- Transimex
- Gemadept Corporation
- Maersk
- Kuehne+Nagel
- MP Logistics
- ITL
- Vietnam Post
- Viettel Post
- Vietnam Maritime Corporation
- Expeditors
- Bee Logistics
- DB Schenker
- Vinafrieght Joint Stock Company
- CJ Gemadept
- Ceva Logistics
- GHN Express
- DHL VNPL Express
- EMS
Table of Contents
1. Executive Summary
1.1 Executive Summary: Overview of Vietnam Logistics Market, 2022
1.2 Executive Summary: Competitive Scenario in Vietnam Logistics Market
1.3 Executive Summary: Overview of Vietnam Logistics Market, 2027
2. Country Overview of Vietnam
2.1 Country Profile of Vietnam
3. Infrastructural Overview of Vietnam
3.1 Cross-Comparison of Logistic Sector of ASEAN Countries
3.2 Overview of Transport Infrastructure in Vietnam
4. Overview of Logistics Market in Vietnam
4.1 Ecosystem: Vietnam Logistics Market
4.2 Value Chain of Vietnam Logistics Market
4.3 Market Size of Vietnam Logistics Market, 2017-22
5. Industry Analysis of Vietnam Logistics Market
5.1 SWOT Analysis of Logistics Market
5.2 Growth Drivers of Logistics Market
5.3 Plans for the development of Logistics Sector by the Government of Vietnam
5.4 Barriers in Vietnam Logistics Market
6. Future Outlook and Projections of Vietnam Logistics Market, 2022-2027
6.1 Future Market Sizing Analysis
7. Overview of Vietnam Freight Forwarding Market
7.1 Executive Summary: Vietnam Freight Forwarding Market
7.2 Ecosystem of Vietnam Freight Forwarding Market
7.3 Business Cycle of Vietnam Freight Forwarding Market
7.4 Overview of Full Truck Load and Less than Truck Load
8. Market Sizing and Segmentations of Vietnam Freight Forwarding Market
8.1 Market Size of Freight Forwarding Sector, 2017-2022
8.2 By Mode of Freight, 2022
8.3 By Type of Freight, 2022
8.4 By Type of Operator, 2022
8.5 By End Users of Sea Freight, 2022
8.6 By End Users of Road and Air Freight, 2022
9. Industry Analysis of Freight Forwarding Market in Vietnam
9.1 Trends and Developments of Freight Forwarding Market
9.2 Technological Advancements in the Segment
9.3 Government Rules and Regulations
9.4 Issues and Challenges in the Market
10. Future Outlook and Projections of Vietnam Freight Forwarding Market, 2022-2027
10.1 Future Market Sizing Analysis
10.2 By Mode of Freight, 2027
10.3 By Type of Freight, 2027
10.4 By Type of Operator, 2027
10.5 By End Users, 2027
11. Overview of Vietnam Warehouse Market
11.1 Executive Summary: Vietnam Warehouse Market
1.2 Ecosystem of Vietnam Warehouse Market
11.3 Business Cycle of Vietnam Warehouse Market
12. Market Sizing and Segmentations of Vietnam Warehouse Market
12.1 Market Size of Warehouse, 2017-2022
12.2 By Type of Warehousing, 2022
12.3 By Warehouse Location, 2022
12.4 By End User Segmentation, 2022
13. Industry Analysis of Warehouse Market in Vietnam
13.1 Trends and Developments of Freight Forwarding Market
13.2 Government Rules and Regulations in the Segment
13.3 Modern Warehouse Technologies Ecosystem in Vietnam
13.4 Challenges in Warehouse Sector
14. Future Market Sizing and Segmentations of Warehouse Market
14.1 Future Market Outlook of Warehousing Sector, 2022-2027
14.2 By Type of Warehousing, 2027
14.3 By Warehouse Location, 2027
14.5 By End Users, 2027
15. Overview of Vietnam CEP Market
15.1 Executive Summary: Vietnam CEP Market
15.2 Ecosystem of Vietnam CEP Market
15.3 Business Cycle of Vietnam CEP Market
15.4 Snapshot of Vietnam E-commerce Market
16. Market Sizing and Segmentations of Vietnam CEP Market
16.1 Market Size of Vietnam CEP Market, 2022
16.2 Segmentation by End Users, 2022
16.3 Segmentation by Market Structure, 2022
16.4 Segmentation by Mode of Shipment, 2022
16.5 Segmentation by Transaction Time, 2022
17. Industry Analysis of CEP Market in Vietnam
17.1 Trends and Developments of CEP Market
17.2 Issues and Challenges in the Segment
18. Future Market Sizing of CEP Market in Vietnam
18.1 Market Size of Vietnam CEP Market, 2022-2027
18.2 Segmentation by End Users, 2027
18.3 Segmentation by Market Structure, 2027
18.4 Segmentation by Mode of Shipment and Transaction Time, 2027
19. Overview of Value-Added Services in Vietnam
19.1 Market Size of Value-Added Services in Vietnam, 2018-2022
20. Competitive Analysis of Vietnam Logistics Market
20.1 Market Share of Major Players in Vietnam Logistics Market, 2022
20.2 Market Positioning of Major Logistics Players: Gartner’s Magic Quadrant Analysis.
20.3 Cross Comparison of Major Freight Forwarding and Warehousing Players on the Basis of Operational Parameters.
20.4 Cross Comparison of Major Freight Forwarding and Warehousing Players on the Basis of Operational and Financial Parameters.
20.5 Market Share of Players in CEP Market, 2022
20.6 Market Positioning of Major Players in Vietnam CEP Market: Gartner Magic Quadrant Analysis.
20.7 Cross Comparison of Major Players in Vietnam CEP Market
21. Case Studies: Vietnam Logistics Market
21.1 Success Case Study – C.H. Robinson
21.2 Success Case Study – Kuehne + Nagel
22. Analyst Recommendations
22.1 Analyst Recommendation for Logistics Industry in Vietnam
22.2 Service Category to Focus on for Growth; E-Commerce Logistics Companies
22.3 Forecasting Mix based on Regions for Warehousing
22.4 Recommendations on Technological advancements in Warehousing
22.5 Recommendations for Introduction of Digital Aggregators in Vietnam
23. Research Methodology
23.1 Market Definitions and Assumptions
23.2 Abbreviations
23.3 Market Sizing Approach
23.4 Consolidated Research Approach
23.5 Sample Size Inclusion
23.6 Limitation and Future Conclusion
24. Disclaimer
25. Contact Us
Research Methodology
Step 1: Identifying Key Variables:
Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around market to collate industry level information.
Step 2: Market Building:
Collating statistics on logistics over the years, penetration of marketplaces and service providers ratio to compute revenue generated for logistics services. We will also review service quality statistics to understand revenue generated which can ensure accuracy behind the data points shared.
Step 3: Validating and Finalizing:
Building market hypothesis and conducting CATIs with industry exerts belonging to different companies to validate statistics and seek operational and financial information from company representatives.
Step 4: Research Output:
Our team will approach multiple logistics and warehousing services providing channels and understand nature of product segments and sales, consumer preference and other parameters, which will support us validate statistics derived through bottom to top approach from logistics and warehousing providers.
Frequently Asked Questions
01 How big is the logistics market in Vietnam?
In 2023, THE Vietnam logistics and Frieght market is expected to have a market value of ~45 USD Bn and it is expected to reach a ~USD 65 Bn by the year 2029. The growing CAGR of 6.4% is shown by studies in Logistics market in Vietnam.
02 Who are the major logistics company in Vietnam?
The top companies which are playing in the Vietnam Logistics market are DHL Express Vietnam, FedEx Vietnam, GHN, Damco Vietnam, Sotrans Vietnam, Vinafco, Kerry Logistics Vietnam, Bac Ky Logistics Vietnam, Nippon Express Vietnam etc.
03 What are the logistics issues in Vietnam?
The major issues which are being faced by the compnies paluying in The vietnam logistocs market are shortage of qualified labor force, unfavorable institutions and policies, complicated administrative procedures, bad infrastructure and high logistics pricings.
04 What are the segments of the logistics market?
The major segments which are road and rail freight forwarding, air and sea freight forwarding, and contract logistics.
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