Vietnam freight forwarding market by normal and express delivery, by freight movement (sea freight, road freight, air freight and rail freight), by international and domestic freight forwarding and by flow corridors (Asian Countries, European Countries, America and African Countries, and by international and domestic companies (3PL and Owned); Company Profile of Major Players (Damco Vietnam, Sotrans Vietnam, Vinafco, Kerry Logistics Vietnam, Bac Ky Logistics Vietnam, Nippon Express Vietnam, Vietnam Airlines, Transimex Saigon Corporation, Sea and Air Freight International, Vinalink Logistics, PetroVietnam Transport Corporation, Noi Bai Cargo Terminal Services and Others)
Analysts at Ken Research in their latest publication “Vietnam Freight Forwarding Market Outlook to 2022 – By Normal and Express Delivery; By Sea, Road, Air and Rail Freight and By International and Domestic Freight Forwarding” believe that increasing the number of channel points, strengthening infrastructure connections, improving service quality and promoting railways for freight transportation will have a positive impact on market.
Vietnam freight forwarding market is expected to register a positive CAGR of 14.2% during the forecast period 2018-2022. The market is further expected to be driven by expanding industrial activities, growing consumer preference for online shopping, upcoming infrastructure in the country & continuous investment by the government in development of logistics infrastructure and consistent economic growth.
- Logistics demand from import & export activities is expected to boost with several Free Trade Agreements (FTAs) for instance, EU-Vietnam FTA.
- Road is by far the most popular medium for moving freight within the country and will continue to grow owing to integration of regional economies.
By joining World Trade Organization (WTO), Vietnam officially opened its doors to foreign MNCs to establish their manufacturing bases and assembly lines within Vietnam, thereby supporting the country’s long term vision of achieving stimulating export-led growth. Vietnam’s FTA with the European Union has led to increase in cross-border freight transportation via inland waterways without any limitations. Some of the major export products include electrical machinery and equipment, nuclear reactors, footwear, apparel and textiles, furniture and others. Ho Chi Minh City region is one of the ideal locations for Vietnam’s exports and imports and is expected to be in forefront in ocean and air freight forwarding industry.
Roadways is gaining attraction in Vietnam with the registration of more than 1,050 enterprises in the road transport business, thus becoming the first preference for moving freight within the country with a vast presence of local freight forwarders coupled with trucking fleet operators. The government of Vietnam’s emphasis on completing the North-South expressway (2,500 Kms) by 2022 and upgrading connecting roads to Laos, Cambodia, China and other GMS and ASEAN countries which will further help to strengthen the country’s trade relations. Additionally, the development of sea port infrastructure will support increasing cargo volumes throughout Cai Mep port zone in the coming years with an improvement in port capacity and connectivity.
Key Topics Covered in the Report:
Freight Forwarding Market in Vietnam
Vietnam Freight Forwarding Market
Freight Forwarding Businesses in Vietnam
Vietnam Freight Forwarding Association
Vietnam Cargo Handling Market
Freight Consolidation Market Vietnam
Inland Transportation Market Vietnam
Vietnam Freight Industry
Vietnam Freight Movement
Flow Corridor Freight Vietnam
Throughput Freight Movement Vietnam
Transport Infrastructure in Vietnam
Road Transportation in Vietnam
Sea Freight Market in Vietnam
Air Freight Industry Vietnam
Rail Freight Market Vietnam
Vietnam Freight Forwarding Market Size
Freight Forwarding Services in Vietnam
Freight Forwarding Services in Hanoi
Freight Forwarding Services in Ho Chi Minh City
Freight Forwarding Services in Da Nang
Normal and Express Delivery in Vietnam
Major Flow Corridors in Vietnam Freight
Vietnam Cross Border Freight
Number of Freight Forwarders Vietnam
List of Freight Forwarders in Vietnam
Shipping Fleet of Major Vietnam Seaports
Cargo Output through Vietnam Seaports
Major Players Vietnam Freight Forwarding
Government Regulations Vietnam Logistics
Freight Forwarding Future Outlook Vietnam
Recommendations Vietnam Freight
Recommendations Vietnam Transport Infrastructure
For more information on the research report, refer to below link:
Ankur Gupta, Head Marketing & Communications