Press release
The Powerhouse Behind Vietnam Logistics Market: Freight Forwarding Sector Generates over USD 50 Bn in 2022, Fueled by Growing Road Freight Transport Sector and Favorable Government Regulations. What Lies Ahead? Ken Research
1. Driving Forward: Vietnam's Growing Road Freight Transport Sector Expands with Government-led Infrastructure Development.
Vietnam's road quality urgently needs improvement given that road transport is the backbone of the country's logistics and transport industry. 20% of roads are paved with medium to low-quality materials that result in cracks and bumpy surfaces.
Construction of 1,800 Km HCMC-Hanoi highway will aid transport and goods movement throughout the country.By 2030, the Government aims to achieve a cargo transportation capacity of 4.4 Bn tons and a road transport capacity capable to move 2.7 Tons of cargo per year.
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2. Unraveling Vietnam's Government Rules and Regulations: Navigating Freight Forwarding's Transportation and Capital Requirements.
Regulation on Road Freight:
• Permissible width of loading cargoes should not exceed 1.1 times of the total length of the vehicle not more than 20.0 meters.
• Rudimentary vehicles are not allowed to load cargoes exceeding the rear and front more than the 1/3 of body length.
Regulation on Air Freight:
Charter Capital Requirements for airlines with maximum of:
• 10 aircrafts: $ 29.8 Mn (international) and $ 12.8 Mn (domestic transportation).
• 11-30 aircrafts: $ 42.6 Mn (international services) or $ 25.5 Mn (domestic flights)
• 30 aircrafts: $ 55.4 Mn (international) and $ 29.8 Mn (domestic).
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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
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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