Press release
Rapid Growth of Manufacturing Industry and Developing Logistics Infrastructure to Drive the Road Freight Market in Vietnam: Ken Research
Entry of international road freight players into the Vietnamese market is expected to drive the demand further with the introduction of technological advanced fleet in the country.
The growth in internet retail market is propelling the logistics market at present and same trend is projected to be monitored over the next couple of years.
Vietnam’s Elevating Economy: Vietnam’s growing economy is supporting the Road Freight industry in Vietnam. The Government of Vietnam has allowed 100% FDI (Foreign Direct Investment) in its Logistics sector. Along with it, Vietnam has been increasing the no. of free trade agreements with ASEAN countries like Cambodia, Laos, China, and Singapore among others. The development of infrastructure has been a major driver for the Vietnam’s road freight transport market. Vietnam’s boosting economy has been attracting major players from around the world to strengthen its potential to become one of the leading e-commerce markets in Southeast Asia.
Increased focus on Innovation: As market awareness increases, the road freight service providers are focusing more on product innovation and addition of latest technologies. Digitization is helping address challenges in Vietnam’s road freight system. Technological solutions, such as GPS, Intelligent Transportation System, increase access to real time tracking information and optimizing the travel routes and freight arrival times.
For More Information on the research report, refer to below link:
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/vietnam-road-freight-market-outlook-to-2025/419525-100.html
Logistics Demand to Rise: Vietnam has expanded to become a leading manufacturing hotspot in SE Asia owing to high availability of labor and low labor costs. In the past 20 years the land allotted to Industrial parks have increased from 330 to more than 80,000 hectares. Vietnam imports majority of the raw material and exports the manufactured products increasing the demand for Logistics over the years.
The report titled “Vietnam Road Freight Market Outlook to 2025” by Ken Research suggested that the logistics market is expected to grow at a double digit positive CAGR. Increased Trade and Technological advancements in the fleet are driving the ambient container truck market in Vietnam. The Road Freight revenue in Vietnam is expected to grow over the next few years owing to the increasing industries and trade parks in the country.
Key Segments Covered:-
Logistics Market
By Freight Volume
By Transport Sector
By Transportation
By Enterprise Ownership
Road Freight Market
By Freight Volume
Fleet Characteristics
Key Target Audience:-
Manufacturing Industry
FMCG Industry
Food Processing Industry
Agriculture industry
Food Packaging industry
Transporatation industry
Consumer Electronics Industry
Electrical Industry
Automobile Industry
Time Period Captured in the Report:-
Historical Period: 2015-2019P
Forecast Period: 2020F–2025F
Companies Covered:-
Road Freight Industry
Viettel Logistics
SNP – Saigon New Port
MP Logistics
Indo Trans Limited
DB Schenker
Transimex Corp.
Bollore Logistics
VinaFreight International
U&I Logistics
Gemadept Corp.
Nguyen Ngoc
Bee Logistics
VinaTrans
TCI Logistics
Minh Chau JSC
Interlink
End User:-
Trung Nguyen
Unilever
Samsung
Viettel
Sapporo Breweries
Yakult Honsha
PetroVietnam
CocaCola
TOTAL
Nestle
VinaMilk
Masan Holdings
Suntory Pepsico
Sabeco Brewery
Procter & Gambler
Key Topics Covered in the Report:-
Vietnam Logistics Market Introduction
Vietnam Logistics Market Size, 2015-2019P
Vietnam Logistics Market Segmentation, 2015-2019P (Revenue, Freight Volume, Transport Sector, Transportation, Enterprise Ownership)
Detailed Analysis on Road Freight Market ( Revenue, Freight Volumes, Fleet Characteristics, End User Analysis, Supply EcoSystem, Cost Component, Demand Analysis)
Major Challenges in Vietnam Road Freight Market
Regulatory Landscape in Vietnam Logistics Market
Target End Users(Analysis on Top 15 FMCG companies)
Comparative Landscape in Vietnam Road Freight Market
Vietnam Road Freight Market Future Outlook and Projections, 2020F-2025F (Revenue, Freight Volumes, Future Innovations)
Impact of Covid-19 on Road Freight Industry
Related Reports:-
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/india-road-freight-market-outlook/338096-100.html
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/turkey-logistics-and-warehousing-market-outlook/295243-100.html
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/philippines-road-freight-market-outlook/335277-100.html
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India
Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations, technology, transformation, digital, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Serving 70% of fortune 1000 companies globally, some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.
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