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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

Region:Vietnam

Product Code:KR615

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Published On

April 2018

Total pages

117

About the Report

Vietnam Freight Forwarding Market Segmentation

By Normal and Express Delivery: The normal / standard delivery segment dominated Vietnam freight forwarding market with a massive revenue share of ~%, whereas the remaining revenue share of ~% was captured by the express delivery segment in the year 2017. Normal delivery services are generally preferred where there is no urgent requirement for ordered goods. In Vietnam, majority of the customers prefer the cheapest form of shipping and are witnessed to wait for longer durations. Major companies operating into normal delivery include Damco, Geods, DB Schenker, Kuehne+Nagel and others.

By Freight Movement: The sea freight segment dominated Vietnam freight forwarding market by capturing revenue share of ~% in the year 2017 majorly due to increasing trade activities amongst the Southeast Asian countries. Port of Haiphong is the leading seaport of northern Vietnam and is scheduled to handle ships of up to ~ DWT, thereby offering services such as cargo handling, tallying and warehousing. Some of the other leading seaports include Da Nang port and Saigon port. The road freight segment followed sea freight services in Vietnam freight forwarding market with a revenue share of ~% in the year 2017 owing to a larger fleet of vehicles and a national network of strategically located warehouses and distribution centers. The remaining ~% revenue share was captured by air freight and rail freight segments collectively in 2017.

By International and Domestic Freight Forwarding: International freight forwarding accounted for majority of the revenues for overall Vietnam freight forwarding market by capturing massive revenue share of ~% in the year 2017. Free trade agreements with other nations over the period 2010-2017 have provided significant boost to international freight forwarding sector in Vietnam. On the other hand, the domestic freight forwarding segment was observed to capture the remaining ~% revenue share in 2017.

By Flow Corridors: Asia flow corridor was observed to be the largest contributor in terms of revenue in Vietnam freight forwarding market by capturing revenue share of ~% in the year 2017. In accordance with International Trade Centre, Vietnam’s import to Asia as well as export from Asia was recorded as USD ~ thousand and USD ~ thousand as of 2015 in comparison with other regions such as Europe, America and Africa. The Vietnam-Europe flow corridor followed Vietnam-Asia with a revenue share of ~% in the year 2017. Other major flow corridor includes the Africa region which has been counted as emerging trading partners for Vietnam.

Comparative Landscape in Vietnam Freight Forwarding Market: The freight forwarding industry in Vietnam was observed as highly fragmented with the presence of both domestic as well international freight forwarders in the country. In accordance with the Vietnam Freight Forwarders Association (VIFFAS), there are approximately ~ freight forwarders in Vietnam as of 2013, most of which constitute small and medium sized enterprises with limited capital, well-equipped facilities and a respectable number of warehouses. On the basis of revenue, major freight forwarding companies amongst the air freight segment are ranked in the following order - DHL, UPS, Expeditors, Panalpina, Kintetsu, APLL, Hellmann, UTI and Kuehne Nagel. Other freight forwarders focusing on ocean freight / contract logistics / warehousing services include Ceva, Bollore, DB Schenker and others. The US and EU market was witnessed to majorly contribute towards Vietnam freight forwarding market.

Vietnam Freight Forwarding Market Future Outlook and Projections: Over the forecasted period, Vietnam freight forwarding market is expected to generate revenues worth USD ~ billion by the year ending 2018, driven by expanding industrial activities, growing E-commerce industry and continuous investment by the government in development of logistics infrastructure in Vietnam. In terms of revenue recognition, Vietnam freight forwarding market is estimated to see a positive trend owing to expanding industrial activities in the country, thus evaluated at USD ~ billion by the year ending 2022.
 

Key Topics Covered in the Report

  • Transport and Logistics Infrastructure in Vietnam Freight Forwarding Market
  • Vietnam Freight Forwarding Market Overview and Genesis
  • Vietnam Freight Forwarding Market Size, 2011-2017
  • Vietnam Freight Forwarding Market Segmentation, 2011-2017
  • Regulatory Framework in Vietnam Freight Forwarding Market
  • Comparative Landscape in Vietnam Freight Forwarding Market
  • Vietnam Freight Forwarding Market Future Outlook and Projections, 2018-2022
  • Analyst Recommendations in Vietnam Freight Forwarding Market

Products

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.

Companies

  • 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,

  • Maersk Line, MCC Transport Vietnam,

  • Mekong Logistics Co. Ltd,

  • Gemadept Corporation,

  • Vietnam Ocean Shipping,

  • Vietnam Tanker,

  • Vietnam Container Shipping,

  • Tan Cang Logistics & Stevedoring,

  • Dinh Vu Port Investment,

  • Vietnam Petroleum transport,

  • Vietnam Sea Transport and Chartering,

  • Hai An Transport & Stevedoring,

  • Dong Nai Port, Cat Lai Port,

  • Transportation and Trading Services,

  • Duyen Hai Multi Modal Transport JSC,

  • Portserco Logistics,

  • Hai Minh Corporation,

  • Doan Xa Port and The Vegetexco Port

Table of Contents

1. Executive Summary

Vietnam Freight Forwarding Market Overview and Size
Vietnam Freight Forwarding Market Segmentation
Comparative Landscapre in Vietnam Freight Forwarding Market
Vietnam Freight Forwarding Market Future Outlook and Projections

2. Research Methodology

2.1. Market Definition and Size
2.2. Abbreviations
2.3. Market Size and Modeling
Research Methodology
Variables Dependent and Independent
Multifactor Based Sensitivity Model
Limitations
Conclusion

3. Transport and Logistics Infrastructure in Vietnam Freight Forwarding Market

3.1. Roadways
3.2. Seaways
3.2.1. Inland Waterways
3.2.2. Maritime Shipping
3.3. Railways
3.4. Airways
List of Airports that will be Developed or Upgraded by the year ending 2030

4. Vietnam Freight Forwarding Market Overview and Genesis

5. Vietnam Freight Forwarding Market Size, 2011-2017

6. Vietnam Freight Forwarding Market Segmentation, 2011-2017

6.1. By Normal and Express Delivery, 2011-2017
6.2. By Freight Movement (Sea, Road, Air and Rail), 2017
6.3. By International and Domestic Freight Forwarding, 2017
6.4. By Flow Corridors, 2017
6.5. By International and Domestic Companies, 2017

7. Regulatory Framework in Vietnam Freight Forwarding Market

Certain Contradictions to Decree 140 in Vietnam Logistics Industry
Decree of Logistics Companies

8. Comparative Landscape in Vietnam Freight Forwarding Market

8.1. Competition Scenario in Vietnam Freight Forwarding Market
8.2. Company Profiles of Major Players Operating in Vietnam Freight Forwarding Market
8.2.1. Damco Vietnam
8.2.2. Sotrans Vietnam
8.2.3. Vinafco
8.2.4. Kerry Logistics Vietnam
8.2.5. Nippon Express Vietnam
8.2.6. Vietnam Airlines
8.2.7. Transimex Saigon Corporation
8.2.8. Sea and Air Freight International
8.2.9. Vinalink Logistics
List of Container Type
8.2.10. PetroVietnam Transport Corporation
8.2.11. Noi Bai Cargo Terminal Services
Other Players Operating in Vietnam Freight Forwarding Market

9. Vietnam Freight Forwarding Market Future Outlook and Projections, 2018-2022

9.1. By Revenues, 2018-2022

10. Analyst Recommendations in Vietnam Freight Forwarding Market

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