Vietnam Freight & Logistics Market Study Market Trends, Analysis & Forecasts to 2023 –

17-Apr-2018 Intellasia | BusinessWire | 1:01 AM Print This Post

Freight & Logistics Market Study – Market Trends, Analysis & Forecasts
to 2023″
report has been added to’s

The Vietnam freight & logistics market is expected to reach a market
value of USD 113.32 billion by 2023, registering a CAGR of 16.56% during
the forecast period (2018 – 2023). Vietnam is expected to witness
substantial growth in trade, in the near future. The logistics industry
in one of the fastest-growing industries in the country, but lack of a
proper infrastructure, such as good road quality, acts as a fundamental
reason for the increasing costs and decreasing efficiency of the
logistics industry.

In Vietnam, freight forwarding activities have been increasing since the
federal government implemented the open-door policy to join the
free-trade agreement. Traditional forwarding activities include two
arrays, which include companies engaged in the delivery of containers,
such as Gemadept, Hai Min Corporation, and SoTrans. CFS
service/consolidation services are dominated by foreign companies, who
mainly dominate the market.

In 2017, Trinity Logistics USA and Etihad Airways collaborated to
operate a 777F freighter between Vietnam’s Hanoi International Airport
and Ohio’s Rickenbacker International Airport. This move represents that
for the first time airports have been directly connected, making the
transfer of goods between the two countries faster than ever.

There are large investments being made in the cold storage sector in
Vietnam. A recent example is the collaborative investment project
between Mekong Group’s Gemadept and the Minh Phu Seafood group, with a
capacity of 50,000 metric ton. The facility was built in the Industrial
Park Song Hau, Hau Giang province, with a total investment of USD 46.1

Companies Mentioned

  • DB Schenker
  • DHL
  • Yusen Logistics
  • Sinotrans/Vietrans
  • Transimex
  • SoTrans
  • Gemadept
  • Vinafreight
  • Ceva

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Dynamics

4. Vietnam Freight & logistics Market Insights, by Mode of Freight
Transport Forecast

5. Vietnam Freight & Logistics Market Insights, by Function Forecast

6. Vietnam Freight & Logistics Market Insights, by End User Forecast

7. Key Company Players

8. Investment Outlook

9. Appendix

10. Disclaimer

For more information about this report visit

Laura Wood, Senior Manager
[email protected]
E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call
For GMT Office Hours Call +353-1-416-8900
Topics: Logistics


Category: BusinessWire, PRAsia

Print This Post

Comments are closed.