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Vietnam 3PL Market – Growth, Trends, and Forecast (2018 – 2023)
| Transportation & Logistics | Published by: Mordor Intelligence | Market: |
| Unknown | Published: 25-06-2019 |
- Transportation & Logistics
- Mordor Intelligence
- pages
- Published: 25-06-2019
Market Overview
The Vietnamese 3PL market is expected to grow, due to the expanding e-commerce market in the country. The government is also supporting the growth of e-commerce by providing infrastructure and ease of trade in the e-commerce industry, which, in turn, is further boosting the growth of 3PL market in Vietnam. The good relationship with the neighboring ASEAN countries has significantly improved the 3PL market as it facilitated a higher flow of cross-border trade. The increasing market competition due to the presence of international players, like Kuehne + Nagel, DHL, Nippon, and Kerry in the market, has allowed the growth and adoption of international standards. One of the restraints to the market is the underdeveloped infrastructure in the country.
Vietnam’s Growing Economy is Boosting the Market
Increasing disposable income and improving infrastructure are the major outcomes of the economic growth in Vietnam. As a result, there is an increasing countrywide demand from the 3PL sector. In 2017, GDP witnessed a valued growth of 6.81% compared to the previous year. In 2017, a new high of Vietnam’s exports and imports was recorded with the total merchandise trade exceeding USD 400 billion. The growing economy and proliferating trade are the major driving factors for the flourishing of 3PL market in the country. Growing economy has also led to the development of road, rail, ocean and air freight infrastructure in the country for ease of trade. Relaxed FDI policies have allowed foreign players to enter the Vietnam 3PL market. The increasing rivalry in the Vietnamese market is a driving force for the rapid growth of the economy. It is expected that the growing trend of Vietnam will positively impact the market. E-commerce is a major factor in the Vietnam market, which is expected to grow rapidly in the forecast period.
Key Developments
Sep 2018: DHL has started deploying electric motorcycles for B2C e-commerce delivery in Vietnam. The domestic delivery network offers services across Vietnam, with a range of services tailored for the booming e-commerce industry, with an aim to help small, medium, and large e-tailers, and increase the marketplace share amidst the rapidly growing e-commerce segment.
Oct 2017: Vietnam is aiding foreign investors to establish logistics firms in the country. Following Decree No.163/ND-CP, foreign investors will now be allowed to set up logistics services companies starting from February 20, 2018, in Vietnam. The country opening the market for foreign investment and companies is a positive step for the growing market. Major international players are taking advantage of the opportunity and are expanding their business in the country.
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 Study
1.2 Market Definition
1.3 Executive Summary
2. RESEARCH METHODOLOGY
3. MARKET INSIGHT AND DYNAMICS
3.1 Government Regulations and Initiatives for Vietnam 3PL Market
3.2 Insights on Commodity Flow Statistics and Regional Freight Flows
3.3 Insights on Key International Trade and Domestic Trade Transport Statistics
3.4 Technological Developments in Logistics Sector of Vietnam
3.5 Effects of AEC Integration on Vietnam Warehousing and Logistics Market
3.6 Insight on E-commerce and Growing Outsourcing in E-commerce Business
3.7 Demand from other Segments, such as CEP, Last Mile Delivery, Cold Chain Logistics, etc.
3.8 General Trends in Vietnam Warehousing Market
3.9 General Trends in Vietnam Freight Forwarding Market
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 By Service
4.1.1 Domestic Transportation Management
4.1.2 International Transportation Management
4.1.3 Value-added Warehousing and Distribution (VAWD)
4.2 By End User
4.2.1 Consumer and Retail
4.2.2 Automotive
4.2.3 Healthcare and Pharmaceuticals
4.2.4 Other Industrial Activity Sectors
4.2.5 Rest of the Market
4.2.6 Special Segment on Apparel Sector 3PL
5. COMPETITIVE LANDSCAPE
5.1 Market Overview
5.2 Company Profiles
5.2.1 DHL Group
5.2.2 Kuehne + Nagel
5.2.3 Nippon Express
5.2.4 DB Schenker
5.2.5 Sinotrans
5.2.6 Geodis
5.2.7 UPS Supply Chain Solutions
5.2.8 Others
5.3 Local Players in the Market
5.3.1 Companies Covered – Gemadept Logistics (CJ Group) Ltd, TRANSIMEX Corporation, ITL Logistics, Vinatrans Danang, Pentiger Vietnam Co. Ltd, VTL Co. Ltd, and PT Transport Logistics Co., among others
6. TRANSPORT AND STORAGE SECTOR STATISTICS AT MACROECONOMIC LEVEL
7. DISCLAIMER
MARKET SEGMENTATION
By Service
Domestic Transportation Management
International Transportation Management
Value-added Warehousing and Distribution (VAWD)
By End User
Consumer and Retail
Automotive
Healthcare and Pharmaceuticals
Other Industrial Activity Sectors
Rest of the Market
Special Segment on Apparel Sector 3PL