Vietnam Road Freight Transport Market - Segmented by Destination (International/ Cross-border, Domestic), and End User - Growth, Trends, and Forecast (2018 - 2023)

Market Overview 

Vietnam Road Freight Transport Market 

The Vietnam road freight transport market is expected to grow due to the developing trade infrastructure and the advantage of the geographic location to Vietnam. The ASEAN integration has helped the country improve its relations with neighboring countries and initiate bilateral free trade agreements boosting the Vietnamese economy. The logistics industry is one of the fastest growing industries in Vietnam. The road haulage sector is expected to outperform every other means of haulage over the next several years. Road haulage is expected to benefit extensively from the ongoing development of Vietnam, as a regional manufacturing hub. Road transport currently plays an important role in Vietnam, serving about 76.52% of all freight transport.

Vietnam’s Growing Economy boosting the market

The Vietnam economy is expected to be a regional outperformer during the forecasted year which will boost freight sector growth over the next years. The Vietnam government has allowed foreign direct investments in the countries logistics industry. Adding to it is the increasing free trade agreements Vietnam is making with ASEAN countries like Cambodia, Laos, China, and Singapore among others. The gradually developing logistics infrastructure has been a major driver for the Vietnam road freight transport market. The boosting economy has attracted the major player from around the world to Vietnam due to its strong potential to become one of the top e-commerce markets in Southeast Asia.

Key Developments

Sep 2018: Gemadept Logistics (GLC) officially launched Nam Hai Distribution Center with the scale of over 10,000 sqm with the first customer is Yara (a leading company in the world on fertilizer production and trade, based in Norway) in Hai Phong city. This is one of the modern Distribution Center in the North of Gemadept Logistics, marking the strong development of GLC in this area.

Oct 2017: Vietnam Allows Foreign Investors to Establish Logistics Firms. Following Decree No.163/ND-CP, foreign investors will now be allowed to set up logistics services companies from February 20, 2018, in Vietnam. The establishment of new companies will be subjected to conditions on ownership and services. The services under the decree have been divided into 16 types such as cargo handling services, container warehousing services, and cargo agency services.

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

Table of Contents

1. INTRODUCTION                          

1.1 Scope of the Market              

1.2 Market Definition    

1.3 Executive Summary

2. RESEARCH METHODOLOGY                    

3. MARKET INSIGHTS AND DYNAMICS                   

3.1 Government Regulations And Initiatives For Vietnam Road Freight Transport Sector

3.2 Insights On Commodity Flow Statistics And Regional Freight Flows    

3.3 Insights On Key Routes And Inland Container Depots              

3.4 Technological Developments              

3.5 Effects Of AEC Integration On Vietnam Road Freight Transport    

3.6 Demand From Integrated Logistics, Contract Logistics, 3PLs And Project Logistics Players

3.7 Demand From Other Segments Such As CEP, Last Mile Delivery, Cold Chain Logistics Etc. 

3.8 Online Trucking Marketplace And Their Penetration

3.9 Insights On Intermodal/Container Utilization In Trucking       

3.10 Analyst View On Key Enablers And Restraining Factors In The Market 

4. MARKET SEGMENTATION AND ANALYSIS (MARKET SIZE, GROWTH, AND FORECAST)

4.1 International/Cross-border 

4.2 Domestic     

5. COMPETITIVE LANDSCAPE                      

5.1 MARKET COMPETITION OVERVIEW

5.2 INTERNATIONAL PLAYER COMPANY PROFILES            

5.2.1 DHL Group

5.2.2 Agility

5.2.3 Kerry Group

5.2.4 CEVA Logistics (Vietnam) Co., Ltd.

5.2.5 Schenker (Vietnam) Co., Ltd.

5.2.6 Yusen Logistics Co. Ltd

5.2.7 CJ Gemadept

5.2.8 Others

5.3 SUMMARY OF KEY AND ACTIVE LOCAL PLAYERS IN THE MARKET  (TRANSIMEX, VINATRANS, ITL, AND OTHERS SUCH AS SAIGON CARGO SERVICE CORP., ETC.)

6. TRANSPORT AND STORAGE SECTOR STATISTICS AT MACROECONOMIC LEVEL

7. DISCLAIMER                 

MARKET SEGMENTATION 

BY ANALYSIS (MARKET SIZE, GROWTH, AND FORECAST)

International/Cross-border 

Domestic