Showing posts with label Vietnam Freight Forwarding Association. Show all posts
Showing posts with label Vietnam Freight Forwarding Association. Show all posts

Thursday, April 26, 2018

Vietnam Freight Forwarding Market is Expected to be Led by Expanding Industrial Activities, Growing E-commerce Industry and Continuous Investment in Infrastructure: Ken Research

Logistics services such as transportation of products, sea-air intermodal transportation, warehouse management, cold chain services and inspection carry a major demand to support the country’s processing industries as well as food and aquaculture businesses.

The report titled 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 by Ken Research suggested a growth at a noteworthy six year CAGR of 14.2% in terms of revenue in Vietnam freight forwarding market in next 5 years till the year ending 2022.

The freight forwarding companies operating in Vietnam specializes in providing a full range of services such as tracking inland transportation, preparation of shipping and export documents, booking cargo space, negotiating freight charges, freight consolidation, cargo insurance, and filing of insurance claims. Expanding FMCG sector, retail sector, food and E-commerce industry has attributed towards the growth of freight forwarding industry in the country. Surging demand for wearing apparels; rubber and plastic products; office, accounting and computing machineries, electrical machineries, motor vehicles and other transport equipment has expanded their production over time. Rapid growth in the country’s manufacturing sector exports was one of the major driving forces for Vietnam’s freight transportation. Vietnam’s freight transport market is majorly dominated by two modes namely inland waterway transport (IWT) and the roadways.

From bulk cargo to a single package; perishable goods to fragile freight, heavy outsized cargo and dangerous goods, all types of freight are transported. The Vietnamese government has invested a large proportion in infrastructure to facilitate freight transport and development of logistics services for instance, investment in large-scale construction and modern equipment utilized towards Vietnam’s seaport network. The development of the port system at the key gateway ports of HCMC (including Cai Mep-Thi Vai) and Haiphong (including Cai Lan) continues to favor the development of new terminals and relatively small terminal facilities compared to international standards. Vietnam has become one of the leading destinations in the world for foreign multinationals, thereby attracting FDIs to setup their global manufacturing base within Vietnam and creating a positive impact on the country’s cargo transport market.

For more information on the research report, refer to below link:
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/vietnam-freight-forwarding-market/145654-100.html

Related Reports:
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https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/singapore-logistics-warehousing-market/134595-100.html

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/qatar-logistics-warehousing-market-report/87939-100.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249

Monday, April 9, 2018

Vietnam Freight Forwarding Market Research Report-Ken Research


The report titledVietnam Freight Forwarding Market Outlook to 2022 – By Normal and Express Delivery; By Sea, Road, Air and Rail Freight and By International and Domestic Freight Forwardingprovides a comprehensive analysis of freight forwarding services in Vietnam. The report focuses on overall market size for freight forwarding in Vietnam, market segmentation by normal and express delivery, by freight movement (sea freight, road freight, air freight and rail freight), by international and domestic freight forwarding and by flow corridors (Asia Countries, European Countries, American and African Countries). The report also covers the overall competitive landscape and government role and regulations. The report concludes with market projection and analyst recommendations highlighting the major opportunities and cautions for overall Vietnam freight forwarding market.


Vietnam Freight Forwarding Market Overview and Size
The growth of freight forwarding in Vietnam was supported by development in major industries such as manufacturing, retail, wholesale, construction, agriculture and mining. The freight forwarding industry in Vietnam was evaluated at USD ~ billion in terms of revenue contribution in 2011. The market witnessed an increase to USD ~ billion in 2012, thus growing at ~% in comparison with previous year. Expanding FMCG sector, retail sector, food and E-commerce industry in the country has attributed to the extraordinary growth of the freight forwarding industry in the country. The market generated revenues worth USD ~ billion in the year 2017, thus growing at a six year CAGR of ~% in the review period 2011-2017. The Government’s direction on improving the sectors including infrastructure development, the restructuring of the air freight market by the year 2020 will see the development of the cargo transport market via air and growth in the role of air freight, particularly in key economic zones as well as the remote areas.

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:
Freight Forwarding Market in Vietnam
Vietnam Freight Forwarding Market
Freight Forwarding Businesses in Vietnam
Vietnam Freight Forwarding Association
Vietnam Cargo Handling Market
Freight Consolidation Market Vietnam
Inland Transportation Market Vietnam
Vietnam Freight Industry
Vietnam Freight Movement
Flow Corridor Freight Vietnam
Throughput Freight Movement Vietnam
Transport Infrastructure in Vietnam
Road Transportation in Vietnam
Sea Freight Market in Vietnam
Air Freight Industry Vietnam
Rail Freight Market Vietnam
Vietnam Freight Forwarding Market Size
Freight Forwarding Services in Vietnam
Freight Forwarding Services in Hanoi
Freight Forwarding Services in Ho Chi Minh City
Freight Forwarding Services in Da Nang
Normal and Express Delivery in Vietnam
Major Flow Corridors in Vietnam Freight
Vietnam Cross Border Freight
Number of Freight Forwarders Vietnam
List of Freight Forwarders in Vietnam
Shipping Fleet of Major Vietnam Seaports
Cargo Output through Vietnam Seaports
Major Players Vietnam Freight Forwarding
Government Regulations Vietnam Logistics
Freight Forwarding Future Outlook Vietnam
Recommendations Vietnam Freight
Recommendations Vietnam Transport Infrastructure

For more information on the research report, refer to below link:

Related Reports:



Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249