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Vietnam Logistics Market Flourishes: CEP and Warehousing Sector Generate over USD 5 Bn in 2022, Fueled by Joint Ventures and Modern Warehousing Systems. What Awaits the Future? :Ken Research
Logos Property and Manulife Investment Management joined forces in 2022 to construct an advanced logistics factory, covering an area of over 116,000 sqm and valued over $80 Mn. Moreover, GLP entered the Vietnamese market through a $1.5 Bn joint venture with SLP.
E-commerce companies are utilizing AI-powered warehouses and sorting centers spanning 0.3 Mn sqm to decrease delivery time during peak periods. Tiki NOW Smart Logistics has integrated robots for task execution, enhancing warehouse efficiency and enabling sellers to save 30% - 40% in costs.
Investment in pharmaceutical storage systems or GSP warehouses is increasing in Vietnam, with foreign firms such as DKSH, Zuellig, and Mega making substantial investments to improve cost-efficiency and optimize manpower in warehouses.
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Vietnamese on-demand warehousing platform, Wareflex, secured $785,000 in pre-seed funding from Genesia Ventures and Antler. Additionally, Mirae Asset Daewoo Co. and Naver Corporation, prominent South Korean companies, invested $37 Mn in a warehouse located in Bac Ninh, Vietnam.
2. Automation Surge: Vietnam's Growing Demand for Modern Warehouses Driven by Increased Investment in New Technologies.
Next generation supply chains in Vietnam are utilizing robotics and automation to perform task such as picking, sorting, inspecting, handling to improve overall efficiency and speed to market. Some warehouses are turning to autonomous vehicles to bring merchandise to sortation while Drones & RFID will be used for Inventory Management. The opportunities seem endless which will result in greater efficiency and productivity.
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Market Maxomony
Vietnam Logistics Market Segmentation
By Service Mix
• Freight Forwarding
• Warehousing
• CEP
• Value Added Services
Vietnam Freight Forwarding Market Segmentation
By Mode of Freight
• Road Freight
• Sea Freight
• Air Freight
By Type of Freight
• International Freight
• Domestic Freight
By Types of Operators
• Small Fleet Operator (SFO)
• Medium Fleet Operator (MFO)
• Large Fleet Operator (LFO)
By End-User
• Retail
• Oil and Gas
• Textiles
• Pharma
• Others
Vietnam Warehousing Market Segmentation
By Warehousing Types
• General/Industrial/Retail
• CFS/ICD
• Cold Storage
• Agriculture and Others
By Warehouse Locations
• Northern
• Central
• Southern
By End-User
• Retail
• Oil and Gas
• Textiles
• Pharma
• Others
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Major Players Mentioned in the Report:
• Yusen Logistics
• Transimex
• Gemadept Corporation
• Maersk
• Kuehne+Nagel
• MP Logistics
• ITL
• Vietnam Post
• Viettel Post
• Vietnam Maritime Corporation
• Expeditors
• Bee Logistics
• DB Schenker
• Vinafrieght Joint Stock Company
• CJ Gemadept
• Ceva Logistics
• GHN Express
• DHL VNPL Express
• EMS
Key Target Audience
• E-Commerce Companies
• Third-Party Logistic Providers
• Potential Market Entrants
• Freight Forwarding Companies
• Warehousing Companies
• Cold Storage Companies
• Industry Associations
• Consulting Agencies
• Government Bodies & Regulating Authorities
Time Period Captured in the Report:
• Historical Period: 2017-2022
• Base Year: 2022
• Forecast Period: 2022-2027
For More Insights On Market Intelligence, Refer to the Link Below: -
Vietnam Logistics Market Outlook to 2027
Related Reports by Ken Research: -
Indonesia Logistics Market Outlook to 2027
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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services. Our Solutions are driven by qualitative and quantitative evaluation of markets across diverse Sectors and Geographies. We assist clients in their objectives related to market entry, product pricing, Product-fit evaluation, competition benchmarking, forecasting business planning and financial planning.
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