Vietnam Third Party Logistics (3PL) Market Outlook to 2022
By Freight Forwarding and Warehousing 3PL Services and By International Companies and Domestic Companies
April 2018
57
About the Report
About the Report
Compared to other parts of the world, logistics industry in Vietnam is still in its developing phase, as supply chain processes for instance procurement, transportation, warehousing and delivery are not executed in an integrated manner. In terms of revenues, Vietnam 3PL market was evaluated at USD ~ billion in the year 2011, which witnessed an increase to USD ~ billion in the year 2017, thus growing at a six year CAGR of ~% in the review period 2011-2017. 3PL providers can offer a variety of services to companies seeking to outsource logistics functions in Vietnam majorly including domestic transportation, international transportation and warehousing. Most of the foreign firms operating in Vietnam such as Maersk Logistics, APL Logistics, NYK Logistics and MOL Logistics were observed to offer 3PL or 4PL services whereas, Vietnamese domestic firms could only handle 2PL services. In Vietnam, large scale companies such as DHL, Kuehne + Nagel or DB Schenker were witnessed to be the leading suppliers of 3PL services.
Vietnam 3PL Market Segmentation
By Market
The freight forwarding segment within Vietnam 3PL market dominated with a massive revenue share of ~% in the year 2017. The growth of E-commerce industry in Vietnam is one of the major driving forces for the 3PL freight forwarding owing to increase in demand for fast delivery, efficient inventory management and individualized shipping time. On the other hand, the warehousing segment within Vietnam 3PL market was witnessed to capture the remaining revenue share of ~% in the year 2017. 3PL warehousing companies in Vietnam handles all aspects of shipping a particular product from anywhere in the world to their facilities and then straight into customers hands.
By Companies
International companies operating in Vietnam 3PL market has clearly established themselves as market leader by capturing a whopping revenue share worth ~% in the year 2017. Major international players operating in third party logistics segment include VN Post, Viettel Post, GHN, GHTK, DHL Logistics, Damco, FedEx, APL, Gemadept, Vinafco and Transimex Saigon. On the other hand, domestic 3PL players captured the remaining revenue share of ~% in Vietnam 3PL market in the year 2017.
Competitive Landscape in Vietnam 3PL Market
Third-party logistics outsourcing is rapidly gaining importance in the country as more corporations across the world are unable to manage their complex supply chains and hence are outsourcing logistics activities to the 3PL service providers. Competition within the logistics industry is ramping up due to tightened capacity along with increased consolidation within the supply chain arena, which has resulted in fewer partners for 3PLs and increased prices. The companies operating in Vietnam 3PL market are competing with each other by offering multiple value added services to the customers. The leading companies in the segment are DHL Logistics, Damco, FedEx and APL. However, many Vietnamese names have emerged in the market recently, including Gemadept, Vinafco and Transimex Saigon.
Vietnam 3PL Market Future Outlook and Projections
Over the forecasted period, Vietnam 3PL market is expected to generate revenues worth USD ~ billion by the year ending 2018 owing to a rising trend for both local and multinational enterprises to outsource logistics functions to 3PL services providers. It has been expected that industrial activities in the country will expand, which will result into growing opportunities for the foreign players. This will positively impact the 3PL market as these companies will require third party logistics partners for handling their supply chain management. Vietnam 3PL market is estimated to generate revenues worth USD ~ billion by the year ending 2022, thus growing at a CAGR of ~% in the forecast period 2018-2022. Additionally, in the coming years, 3PL companies will be emphasizing more on the technological upgradation to engage with the customers such as ERP and SCM and the trend of Fourth-party logistics (4PL) will be emerging in future to support the 3PL business in the country.
Key Topics Covered in the Report
- Vietnam 3PL Market Introduction
- Vietnam 3PL Market Size, 2011-2017
- Vietnam 3PL Market Segmentation, 2017
- Regulatory Framework in Vietnam 3PL Market
- Comparative Landscape of Major Players Operating in Vietnam 3PL Market
- Vietnam 3PL Market Future Outlook and Projections
- Analyst Recommendations in Vietnam 3PL Market
Products
Products
Third party logistics cost Vietnam, Vietnam 3PL Market, Growth Third party Logistics Vietnam, Vietnam third party freight forwarding Market, Vietnam Third Party Warehousing Market
Companies
DHL Vietnam, Damco Vietnam, FedEx, Kerry Logistics, Gemadept, Vinafco, Transimex Saigon
Table of Contents
Table of Contents
1. Executive Summary
Vietnam 3PL market Overview and Size
Vietnam 3PL Market Segmentation
Comparative Landscape in Vietnam 3PL Market
Vietnam 3PL Market Future Outlook and Projections
2. Research Methodology
2.1. Market Definition and Size
2.2. Abbreviations
2.3. Market Size and Modeling
Research Methodology
Market Sizing Approach-3PL Market
Variables Dependent and Independent
Multifactor Based Sensitivity Model
Limitations
Conclusion
3. Vietnam 3PL (Third Party Logistics) Market Introduction
3.1. Vietnam 3PL Market Overview and Genesis
4. Vietnam 3PL Market Size, 2011-2017
4.1. By Revenues, 2011-2017
4.2. Cross Comparison of 3PL Market in Vietnam with Global 3PL Market
4.3. Cross Comparison of 3PL Market in Vietnam with Asia-Pacific 3PL Market, 2016
5. Vietnam 3PL Market Segmentation, 2017
5.1. By Market (Freight Forwarding and Warehousing Services), 2017
5.2. By Companies (International Companies and Domestic Companies), 2017
6. Regulatory Framework in Vietnam 3PL Market
Certain Contradictions to Decree 140 in Vietnam Logistics Industry
Decree of Logistics Companies
7. Competitive Landscape of Major Players Operating in Vietnam 3PL Market
7.1. Competition Scenario in Vietnam 3PL Market
7.2. Company Profiles of Major Players Operating in Vietnam 3PL Market
7.2.1. DHL-Vietnam
7.2.2. Damco Vietnam
7.2.3. Vinafco
7.2.4. Kerry Logistics Vietnam
7.2.5. Nippon Express Vietnam
7.2.6. Transimex Saigon Corporation
8. Vietnam 3PL Market Future Outlook and Projections
8.1. By Revenues, 2018-2022
9. Analyst Recommendations in Vietnam 3PL Market
Disclaimer
Contact Us
List of Figure
Figure 1-1: Vietnam 3PL Market Structure, 2017
Figure 4-1: Vietnam 3PL Market Size on the Basis of Revenue in USD Billion and Growth Rate in Percentage (%), 2011-2017
Figure 4-2: Cross Comparison of 3PL Market in Vietnam with Global Market on the Basis of Revenues in USD Billion, 2011-2016
Figure 4-3: Global 3PL Market Segmentation by Geography (Asia Pacific, North America, Europe, South America and ROW) on the Basis of Revenues in Percentage (%), 2016
Figure 5-1: Vietnam 3PL Market Segmentation by Market (Freight Forwarding and Warehousing Services) on the Basis of Revenue in Percentage (%), 2017
Figure 5-2: Vietnam 3PL Market Segmentation by Companies (International Companies and Domestic Companies) on the Basis of Revenue in Percentage (%), 2017
Figure 7-1: Financial Performance of Vinafco on the Basis of Revenues in USD Million and Growth Rate in Percentage (%), 2011-2015
Figure 7-2: Transimex Saigon Corporation Financial Performance By Forwarding Services on the Basis of Revenue in USD Million and Growth Rate in Percentage (%), 2013-2016
Figure 7-3: Transimex Saigon Corporation Financial Performance By Warehousing Services on the Basis of Revenue in USD Million and Growth Rate in Percentage (%), 2013-2016
Figure 8-1: Vietnam 3PL Market Projected Future Outlook on the Basis of Revenue in USD Billion and Growth Rate in Percentage (%), 2018-2022
List of Table
Table 2-1: Correlation Matrix of Vietnam Logistics and Warehousing Market
Table 2-2: Regression Coefficients Output of Vietnam Logistics and Warehousing Market
Table 3-1: Market Evolution, Overview and Structure; and Emerging Market Trends of Vietnam 3PL Market
Table 4-1: Rationale and Description for Vietnam Third Party Logistics Market Size on the Basis of Revenue in USD Billion, 2011-2017
Table 4-2: List of Common 3PL Services in Vietnam Including Service Type and Usage Rate in Percentage (%), 2017
Table 4-3: Cross Comparison of 3PL Market in Vietnam with Global Market Including Parameters (Market Size, Major Companies, Industry Stage and Future Outlook), 2011-2016
Table 4-4: Cross Comparison of Vietnam Third Party Logistics Market with Australia, Singapore, Indonesia and South Korea Including Market Size, Major Players, Market Drivers and Major End Users, 2016
Table 5-1: Rationale and Description for Vietnam 3PL Market Segmentation by Market (Freight Forwarding and Warehousing Services) on the Basis of Revenue in USD Billion, 2017
Table 5-2: Rationale and Description for Vietnam 3PL Market Segmentation by Companies (International Companies and Domestic Companies) on the Basis of Revenue in USD Billion, 2017
Table 6-1: Regulatory Framework in Vietnam 3PL Market
Table 6-2: Respondent Group (Government, Private Sector, Academia and Others); Name and their Function in Vietnam 3PL Industry
Table 6-3: Foreign Ownership Limitations in Logistics Sector in Vietnam
Table 7-1: Major Parameters for Companies operating Vietnam 3PL Market
Table 7-2: List of 3PL Companies in Vietnam Including Company Name, Location and Contact Number
Table 7-3: Company Profile of DHL (Dalsey Hillblom Lynn) Vietnam Including Company Overview, USP, Business Strategies, Services, Warehousing Space, Industry Sector, Logistics Partners and Location
Table 7-4: Company Profile of Damco Vietnam Including Company Overview, USP, Business Strategies, Global Revenues, Global Ocean Freight and Air Freight, Global Warehousing Operations, Key Developments and Employee Base
Table 7-5: Service Portfolio of Damco Vietnam Including Service Type and Description
Table 7-6: Company Profile of Vinafco Including Company Overview, Revenues, Network Activities, Key Services, Branches and Representative Offices, Certifications, Employee Size and Key Customers
Table 7-7: Vinafco Warehousing Facility Network Including Area and Land in Square Meters, 2016
Table 7-8: Company Profile of Kerry Logistics Vietnam Including Company Overview, Business Strategies, Global Facts, Awards, Services, Target Markets, Certifications and Additional Services
Table 7-9: Service Portfolio of Kerry Logistics Vietnam Including Service Type (Express Service, Warehouse Renting Service and Cargo Transportation Service) and Service Name
Table 7-10: Company Profile of Nippon Express Vietnam Including Company Overview, Business Strategies, Revenues, Global Management, Global Presence, Certifications, Areas of Operation, Overseas Warehousing Facility and Global Employee Base
Table 7-11: Financial Performance of Nippon Express Co Ltd on the Basis of Global Revenues in JPY Million, 2015-2016
Table 7-12: Company Profile of Transimex Saigon Including Company Overview, Business Strategies, Specialization, Revenues and Logistics Facility
Table 8-1: Vietnam 3PL Market Projected Future Outlook and Rationale on the Basis of Revenue in USD Billion, 2018-2022
Table 8-2: Recommended Strategies for Vietnam 3PL Companies
Table 9-1: Recommendations in Vietnam 3PL Market
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