The Road Freight Market in Vietnam is expected to reach VND 276 Trillion by 2025. Will the projections justify the growth rate? : Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The Vietnam road freight transport market is expected to grow at a CAGR of 7% due to the developing trade infrastructure and the advantage of the geographic location to Vietnam, says a report by Ken Research 1. “Investment in Infrastructure:” The infrastructure in Vietnam’s Road Freight market has witnessed massive development in the recent years Recent Trends in Vietnam Road Freight Market The Ministry of Transport, Vietnam has launched Vietnam Road Administration (VRA), a subordinate administrative agency to administer and supervise the road transportation system. The VRA is continuously working for the management, planning and improvement of the infrastructure through regular up-gradation in the Road Design Standard. By 2030, VRA is planning to invest $14Bn in order to provide a continuous road network in Central Vietnam, through a north-south highway of 1,372km. In 2019, the ministry of Transport ordered the installation of digital toll booths across the expressways nationwide to increase the efficiency of transportation and reduce the waiting time. Setting up monthly payments would help in reducing the informal fee and a 10% decrease in total toll fee. 2. The Value Chain in Vietnam’s Road Freight Market is dominated by Mid Mile Services To learn more about this report Download a Free Sample Report As of 2019, Mid Mile accounts for 37% of all movements within the supply chain while take up 35% to 50% of the total supply chain cost, depending on the distance and inter-state or inter-country permits. Type of Trucks used for Mid Mile are usually Trailer trucks ranging from 10T to more than 20T. The market is growing mainly due to focus on the infrastructure development, specifically the supply chain. 3. Revenue from Road Freight is expected to reach VND 276 Trillion by 2025 from 2 Billion tons of Freight being carried in 2025 Visit this Link: – Request for custom report The Road Freight market in Vietnam is expected to generate VND 276 Trillion revenue. As Vietnam develops a major high-capacity, high-speed transport network – North-South Expressway, shortening economic distances across the country, new transport nodes are created as potential candidates for future economic clusters. The Government of Vietnam has laid out a master plan through 2035 to develop the industrial sector, with a national goal to achieve a 12.5% annual growth rate of industrial production value through 2021 to 2025 and 11% from 2026 to 2035. Tags: Bee Logistics Vietnam Market Share, Bollore Vietnam Annual Revenue, Challenges Vietnam Road Freight Market, Competitors in Vietnam Cargo Shipment Industry, DHL Vietnam Annual Growth Rate, Emerging Companies in Vietnam Road Freight Market, Gem adept Vietnam Customer Base, Hanoi Road Freight Market, Indo Trans Limited Vietnam Market Share, Interlink Vietnam Annual Revenue, Investment Vietnam Road Freight Market, Leading Players Vietnam Road Freight Market, Major players Vietnam Road Freight Market, Minh Chau Joint Stock Company Vietnam Market Share, MP Logistics Vietnam Market Revenue, No of Imported Trucks in Vietnam, Number of Cargo Shipment Trucks in Vietnam, Number of Players in Road Freight Market in Vietnam, Number of Road Freight Companies in Vietnam, Number of Warehouses Vietnam, Schenker Vietnam Customer Base, TCI Logistics Vietnam Market Revenue, Top 5 Funded Companies Vietnam Road Freight Market, Top Captive Players in Vietnam Road Freight Market, Trends Vietnam Cargo Shipment Market, Trends Vietnam Road Freight Market, U & I Logistics Vietnam Market Share, UPS Vietnam Market Revenue, Vietnam Cargo Shipment Market Outlook, Vietnam Domestic Shipment Market, Vietnam Freight Forwarding Market, Vietnam Goods Traffic Industry, Vietnam Goods Transfer Sector, Vietnam Ground Shipment Industry, Vietnam Heavy Trucks Market Share, Vietnam International Shipment Market, Vietnam Logistics Market share, Vietnam Road Freight Market Opportunities, Vietnam Road Freight Market Outlook, Vietnam Small Trucks Market Share, Vietnam Small Trucks Market Size, Vietnam Transportation Market, Viettel Logistics Vietnam Market Share, Vijai Groups Vietnam Market Share, Vina Freight Vietnam Market Revenue, Vina Trans Vietnam Annual Growth