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
April 2018
117
About the Report
About the Report
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
- Transport and Logistics Infrastructure in Vietnam Freight Forwarding Market
- Vietnam Freight Forwarding Market Overview and Genesis
- Vietnam Freight Forwarding Market Size, 2011-2017
- Vietnam Freight Forwarding Market Segmentation, 2011-2017
- Regulatory Framework in Vietnam Freight Forwarding Market
- Comparative Landscape in Vietnam Freight Forwarding Market
- Vietnam Freight Forwarding Market Future Outlook and Projections, 2018-2022
- Analyst Recommendations in Vietnam Freight Forwarding Market
Products
Products
Sea Freight, Air Freight, Road Freight, Rail Freight, International Freight Forwarding, Domestic Freight Forwarding, Express Delivery, Normal Delivery, Freight Forwarding Flow Corridor
Companies
Damco Vietnam, Sotrans Vietnam, Vinafco, Kerry Logistics Vietnam, Bac Ky Logistics Vietnam, Nippon Express Vietnam, Vietnam Airlines, Transimex Saigon Corporation, Sea and Air Freight International, Vinalink Logistics, PetroVietnam Transport Corporation, Noi Bai Cargo Terminal Services, Maersk Line, MCC Transport Vietnam, Mekong Logistics Co. Ltd, Gemadept Corporation, Vietnam Ocean Shipping, Vietnam Tanker, Vietnam Container Shipping, Tan Cang Logistics & Stevedoring, Dinh Vu Port Investment, Vietnam Petroleum transport, Vietnam Sea Transport and Chartering, Hai An Transport & Stevedoring, Dong Nai Port, Cat Lai Port, Transportation and Trading Services, Duyen Hai Multi Modal Transport JSC, Portserco Logistics, Hai Minh Corporation, Doan Xa Port and The Vegetexco Port
Table of Contents
Table of Contents
1. Executive Summary
Vietnam Freight Forwarding Market Overview and Size
Vietnam Freight Forwarding Market Segmentation
Comparative Landscapre in Vietnam Freight Forwarding Market
Vietnam Freight Forwarding 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
Variables Dependent and Independent
Multifactor Based Sensitivity Model
Limitations
Conclusion
3. Transport and Logistics Infrastructure in Vietnam Freight Forwarding Market
3.1. Roadways
3.2. Seaways
3.2.1. Inland Waterways
3.2.2. Maritime Shipping
3.3. Railways
3.4. Airways
List of Airports that will be Developed or Upgraded by the year ending 2030
4. Vietnam Freight Forwarding Market Overview and Genesis
5. Vietnam Freight Forwarding Market Size, 2011-2017
6. Vietnam Freight Forwarding Market Segmentation, 2011-2017
6.1. By Normal and Express Delivery, 2011-2017
6.2. By Freight Movement (Sea, Road, Air and Rail), 2017
6.3. By International and Domestic Freight Forwarding, 2017
6.4. By Flow Corridors, 2017
6.5. By International and Domestic Companies, 2017
7. Regulatory Framework in Vietnam Freight Forwarding Market
Certain Contradictions to Decree 140 in Vietnam Logistics Industry
Decree of Logistics Companies
8. Comparative Landscape in Vietnam Freight Forwarding Market
8.1. Competition Scenario in Vietnam Freight Forwarding Market
8.2. Company Profiles of Major Players Operating in Vietnam Freight Forwarding Market
8.2.1. Damco Vietnam
8.2.2. Sotrans Vietnam
8.2.3. Vinafco
8.2.4. Kerry Logistics Vietnam
8.2.5. Nippon Express Vietnam
8.2.6. Vietnam Airlines
8.2.7. Transimex Saigon Corporation
8.2.8. Sea and Air Freight International
8.2.9. Vinalink Logistics
List of Container Type
8.2.10. PetroVietnam Transport Corporation
8.2.11. Noi Bai Cargo Terminal Services
Other Players Operating in Vietnam Freight Forwarding Market
9. Vietnam Freight Forwarding Market Future Outlook and Projections, 2018-2022
9.1. By Revenues, 2018-2022
10. Analyst Recommendations in Vietnam Freight Forwarding Market
Disclaimer
Contact Us
List of Figure
Figure 1-1: Vietnam Freight Forwarding Market Structure, 2017
Figure 3-1: Vietnam Freight Volume by Mode of Transport (Road, Inland Waterways, Maritime Transport, Railway and Aviation Transport) in Percentage (%), 2016
Figure 3-2: Vietnam Road Network Including Road Classification (Other Rural Roads, Communal Roads, District Roads, Urban Roads, Provincial Roads and Specialized Roads) and Network Length in Percentage (%), 2017
Figure 5-1: Vietnam Freight Forwarding Market Size on the Basis of Revenue in USD Billion and Growth Rate in Percentage (%), 2011-2017
Figure 5-2: Vietnam Freight Forwarding Market Truck Registrations, 2012-2016
Figure 6-1: Vietnam Freight Forwarding Market Segmentation by Normal and Express Delivery on the Basis of Revenue in Percentage (%), 2011-2017
Figure 6-2: Vietnam Freight Forwarding Market Segmentation by International and Domestic Freight Forwarding on the Basis of Revenue in Percentage (%), 2017
Figure 6-3: Vietnam Freight Forwarding Market Segmentation by Flow Corridors (Asian Countries, European Countries, North American Countries and Others) on the Basis of Revenue in Percentage (%), 2017
Figure 6-4: Vietnam Freight Forwarding Market Segmentation by International and Domestic Companies on the Basis of Revenue in Percentage (%), 2017
Figure 8-1: SOTRANS Vietnam Financial Performance on the Basis of Net Revenues in USD Million and Growth Rate in Percentage (%), 2013-2016
Figure 8-2: SOTRANS Vietnam Financial Performance on the Basis of Logistics Revenues in USD Million and Growth Rate in Percentage (%), 2014-2016
Figure 8-3: Financial Performance of Vinafco on the Basis of Revenues in USD Million and Growth Rate in Percentage (%), 2011-2015
Figure 8-4: Transimex Saigon Corporation Financial Performance By Forwarding Services on the Basis of Revenue in USD Million and Growth Rate in Percentage (%), 2013-2016
Figure 8-5: Transimex Saigon Corporation Financial Performance By Warehousing Services on the Basis of Revenue in USD Million and Growth Rate in Percentage (%), 2013-2016
Figure 8-6: Sea and Air Freight International Financial Performance on the Basis of Net Revenue in USD Million and Growth Rate in Percentage (%), 2013-2016
Figure 8-7: Vinalink Logistics Financial Performance on the Basis of Net Revenue in USD Million and Growth Rate in Percentage (%), 2013-2016
Figure 8-8: PetroVietnam Transport Corporation Financial Performance on the Basis of Net Revenue in USD Million, 2015-2016
Figure 8-9: Noi Bai Cargo Financial Performance on the Basis of Net Revenues in USD Million, 2013-2016
Figure 9-1: Vietnam Freight Forwarding Market Future Projections 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: Transport and Logistics Infrastructure in Vietnam Freight Forwarding Market Including Overview, Logistics Infrastructure and Government Role
Table 3-2: Vietnam Freight Volume by Mode of Transport (Road, Inland Waterways, Maritime Transport, Railway and Aviation Transport) in Thousand Tonnes, 2016
Table 3-3: List of Major Active Projects Carried Out by Vietnam Transport Sector Including Project Name, Key Objective, Approval Year and Total Project Cost in USD Million
Table 3-4: Vietnam Road Network Including Road Classification (Other Rural Roads, Communal Roads, District Roads, Urban Roads, Provincial Roads and Specialized Roads) and Network Length in Km, 2017
Table 3-5: Vietnam Seaways Current Scenario Including Seaport System and Maritime Lanes
Table 3-6: Vietnam International Seaports Including Port Name, Port Type; Tonnage Allowed and Loading Capacity, 2009
Table 3-7: Major Inland Waterway Routes in Vietnam by Region (Northern Vietnam and Southern Vietnam), 2016
Table 3-8: Cargo Handled across Vietnam Seaports by Region (Northern Vietnam, Central Vietnam and Southern Vietnam) in Million Metric Tonnes, 2016
Table 3-9: Vietnam Landing Stage by Type (Cargo Landing Stage and Passenger Landing Stage), 2016
Table 3-10: Vietnam’s Port Management System Including Port Management Bodies, Administrative Government Bodies and Examples of Ports
Table 3-11: Saigon Port Specifications Including Terminals, Area and Cargo Type, 2016
Table 3-12: List of Sea Rates from Vietnam Sea Ports to Major Southeast Asian Countries (Malaysia, Singapore, Indonesia, China, India, Myanmar, Thailand, Philippines, Cambodia and Laos) Including Destination Sea Port and Price in USD/MT
Table 3-13: Major Seaports in Vietnam Including Port Name, Region, Total Storage, Terminals, Berth Length, Maximum Size and Cargo Handled, 2014
Table 3-14: List of Vietnam Shipping Fleet Including Ship Type, Quantity, Total Gross Weight and Total Dead Weight, 2013-2014
Table 3-15: Railway Speed Average in Km/Hr by Routes, 2014-2017
Table 3-16: Load Allowed on Vietnam Railways in T/M, 2017
Table 3-17: New Railways Connecting to Ports, Industrial Parks, Economic Zones and Mines in Vietnam Including Region, Route and Length in Km
Table 3-18: List of Airports in Vietnam Including Province, Range, Passenger Capacity and Cargo Terminal Capacity in Tonnes / Year
Table 3-19: Volume of Cargo Handled across Airports in Vietnam by Domestic and International Air Freight on the Basis of Volume in Thousand Tonnes, 2011-2017
Table 3-20: Major International and Domestic Airports in Vietnam
Table 4-1: Market Evolution, Overview and Structure and Emerging Market Trends of Vietnam Freight Forwarding Market
Table 5-1: Rationale and Description for Vietnam Freight Forwarding Market Size on the Basis of Revenue in USD Billion, 2011-2017
Table 5-2: Vietnam Freight Forwarding Market by Region (Red River Delta, Northern midlands and mountain areas, Northern Central area and Central coastal area, Central Highlands and Mekong River Delta) on the Basis of Volume in Thousand Tonnes, 2011-2015
Table 6-1: Rationale and Description for Vietnam Freight Forwarding Market Segmentation by Normal and Express Delivery on the Basis of Revenue in USD Billion, 2011-2017
Table 6-2: Vietnam Freight Forwarding Market Segmentation by Normal and Express Delivery on the Basis of Revenue in USD Million, 2011-2017
Table 6-3: Cross Comparison of Normal and Express Delivery in Vietnam Including Transit Time, Major Companies, Mode of Transport and Type of Goods Transported
Table 6-4: Rationale and Description for Vietnam Freight Forwarding Market Segmentation by Freight Movement (Sea, Road, Air and Rail) on the Basis of Revenue in USD Billion and Freight Volume in Million Tonnes, 2017
Table 6-5: Vietnam Freight Forwarding Market Segmentation by Freight Movement (Sea, Road, Air and Rail) on the Basis of Revenue in USD Billion, 2017
Table 6-6: Vietnam Freight Forwarding Market Segmentation by Freight Movement (Road, Inland Waterway, Maritime Transport, Railway and Aviation Transport) on the Basis of Volume in Percentage (%), 2011-2016
Table 6-7: Vietnam Freight Forwarding Market Segmentation by Freight Movement (Road, Inland Waterway, Maritime Transport, Railway and Aviation Transport) on the Basis of Volume in Thousand Tonnes, 2011-2016
Table 6-8: Service Charges for Ships Operating in Vietnam in USD, 2016
Table 6-9: List of Projects Undertaken to Improve Vietnam’s Transport Infrastructure Including Transport Type, Name of Project, DA Value in USD Million and Investment Period
Table 6-10: Rationale and Description for Vietnam Freight Forwarding Market Segmentation by International and Domestic Freight Forwarding on the Basis of Revenue in USD Billion, 2017
Table 6-11: Vietnam Freight Forwarding Market Segmentation by International and Domestic Freight Forwarding on the Basis of Volume in Thousand Tonnes, 2011-2016
Table 6-12: Rationale and Description for Vietnam Freight Forwarding Market Segmentation by Flow Corridors (Asian Countries, European Countries, North American Countries and Others) on the Basis of Revenue in USD Billion, 2017
Table 6-13: Vietnam Trade Statistics by Major Region (Asia, Europe, America and Africa) on the Basis of Value in USD Thousand, 2015
Table 6-14: Vietnam Trade Statistics Include Major Regions, Major Countries and Trade Value (Import Value and Export Value) in USD Thousand, 2015
Table 6-15: Rationale and Description for Vietnam Freight Forwarding Market by International and Domestic Companies on the Basis of Revenue in USD Billion, 2017
Table 6-16: Vietnam Freight Forwarding Market Segmentation by Owned and 3PL – International and Domestic Companies on the Basis of Revenue in USD Billion, 2017
Table 7-1: Regulatory Framework in Vietnam Freight Forwarding Market
Table 7-2: Respondent Group (Government, Private Sector, Academia and Others); Name and their Function in Vietnam Freight Forwarding Industry
Table 7-3: Foreign Ownership Limitations in Logistics Sector in Vietnam
Table 7-4: Vietnam Freight Forwarding Market Legal Framework
Table 8-1: Competition Scenario in Vietnam Freight Forwarding Market Including Competition Stage, Company Position and Parameters
Table 8-2: Directory of Major Freight Forwarding Companies in Vietnam Including Company Name, Address and Contact Details
Table 8-3: 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 8-4: Service Portfolio of Damco Vietnam Including Service Type and Description
Table 8-5: Company Profile of Sotrans Vietnam Including Company Overview, USP, Business Strategies, Revenues, Business Units, Awards and Recognition, Global Presence, Customers and Partners
Table 8-6: SOTRANS Vietnam Warehouses By Region (Ho Chi Minh City, Eastern Region, Western Region and Hanoi Area) on the Basis of Area in Square Meters, 2016
Table 8-7: Sotrans Vietnam Services Including Service Type and Service Name
Table 8-8: Company Profile of Vinafco Including Company Overview, Revenues, Network Activities, Key Services, Branches and Representative Offices, Certifications, Employee Size and Key Customers
Table 8-9: Vinafco Warehousing Facility Network Including Area and Land in Square Meters, 2016
Table 8-10: Company Profile of Kerry Logistics Vietnam Including Company Overview, Business Strategies, Global Facts, Awards, Services, Target Markets, Certifications and Additional Services
Table 8-11: Service Portfolio of Kerry Logistics Vietnam Including Service Type (Express Service, Warehouse Renting Service and Cargo Transportation Service) and Service Name
Table 8-12: 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 8-13: Financial Performance of Nippon Express Co Ltd on the Basis of Global Revenues in JPY Million, 2015-2016
Table 8-14: Company Profile of Vietnam Airlines Including Company Overview, USP, Business Strategies, Products and Services, Cargo Terminals, Airline Partners, Subsidiary Affiliates and Board Members
Table 8-15: Vietnam Airline Aircraft Information used for Cargo Handling Including Aircraft Name, Description, Freight Capacity, Volume Capacity, Compatible Container and Compatible Pallet
Table 8-16: Vietnam Airlines Container Information Including Container Name, IATA Code, Base Dimensions, Height and Max Gross Weight
Table 8-17: Company Profile of Transimex Saigon Including Company Overview, Business Strategies, Specialization, Revenues and Logistics Facility
Table 8-18: Company Profile of Sea and Air Freight International Including Company Overview, Business Strategies, Revenues, Services / Activities, Subsidiaries and Joint Ventures
Table 8-19: Sea and Air Freight International Service Portfolio Including Service Type (Sea Freight, Air Freight, Logistics, Warehousing, Trucking, Ship Broking, Shipping Agency, Moving and Storage; and Trading Intermediary) and Description
Table 8-20: Company Profile of Vinalink Logistics Including Company Overview, Revenues, Logistics Facility, Specialization and Awards and Recognition
Table 8-21: Vinalink Logistics Financial Performance on the Basis of Revenue in USD Million, 2015-2016
Table 8-22: Vinalink Logistics Service Mix Including Service Type, Service Name and
Table 8-23: Company Profile of PetroVietnam Transportation Corporation Including Company Overview, Business Strategies, Revenues, Services, Business Activities and Customer Base
Table 8-24: PetroVietnam Transportation Corporation Fleet Size Including Fleet Type (Crude Oil Tankers, Oil Product Tankers, Vessel under Construction; Gas, LPG, and Chemical Carriers; and FSO / FPSO), Vessel Name and Capacity
Table 8-25: PetroVietnam Transportation Corporation Subsidiaries Including Subsidiary Name and Main Business Activities
Table 8-26: Company Profile of Noi Bai Cargo Terminal Services Including Company Overview, Revenues, Services, Founding Shareholders, Certifications and Partners
Table 8-27: Noi Bai Cargo Terminal Services Technical Equipments Including Equipment Type and Amount
Table 8-28: Rational and Description for Other Players (Maersk Line, MCC Transport Vietnam, Mekong Logistics Co. Ltd, Gemadept Corporation, Vietnam Ocean Shipping, Vietnam Tanker, Vietnam Container Shipping, Tan Cang Logistics & Stevedoring, Dinh Vu Port Investment, Vietnam Petroleum transport, Vietnam Sea Transport and Chartering, Hai An Transport & Stevedoring, Dong Nai Port, Cat Lai Port, Transportation and Trading Services, Duyen Hai Multi Modal Transport JSC, Portserco Logistics, Hai Minh Corporation, Doan Xa Port and The Vegetexco Port) Operating in Vietnam Freight Forwarding Market on the Basis of Revenues in USD Million, 2013-2016
Table 8-29: Financial Performance of Other Players (Gemadept Corporation, Vietnam Ocean Shipping, Vietnam Tanker, Vietnam Container Shipping, Tan Cang Logistics & Stevedoring, Dinh Vu Port Investment, Vietnam Petroleum transport, Vietnam Sea Transport and Chartering, Hai An Transport & Stevedoring, Dong Nai Port, Cat Lai Port, Transportation and Trading Services, Duyen Hai Multi Modal Transport JSC, Portserco Logistics, Hai Minh Corporation, Doan Xa Port and The Vegetexco Port) Operating in Vietnam Freight Forwarding Market on the Basis of Revenues in USD Million, 2013-2016
Table 9-1: Vietnam Freight Forwarding Market Projected Future Outlook and Rationale on the Basis of Revenues, 2018-2022
Table 9-2: List of Future Technologies in Vietnam Freight Forwarding Market
Table 9-3: Targets for Transport Infrastructure Development in Vietnam by Year Ending 2020
Table 10-1: Recommendations in Vietnam Freight Forwarding Market
Table 10-2: List of Logistics Services that Vietnam has committed to Open in EVFTAv
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