Emerging Market Trends in Vietnam Third Party Logistics

1
Vietnam 3PL Market is Expected to Reach around
USD 55 Billion by the Year Ending 2022 Ken
Research
2
Vietnam 3PL market by Market (Freight Forwarding
and Warehousing Services) and by Companies
(International Companies and Domestic Companies)
Major Players Operating in Vietnam 3PL Market
(DHL Vietnam, Damco Vietnam, FedEx, Kerry
Logistics, Gemadept, Vinafco, Transimex Saigon
and others. The growth in Vietnams E-commerce
industry is likely to drive the country 3PL
market. With Vietnams accession to World Trade
Organization (WTO), restriction on foreign
entities have been reduced. Over the forecasted
period 2018-2022, 3PL companies operating in
Vietnam will be emphasizing more towards
technological upgradation in order to increase
client interactions. Growth in Vietnams
E-commerce industry is further expected to drive
the countrys 3PL market due to an increase in
demand for faster delivery of goods, efficient
inventory management, freight forwarding and
individualized shipping time. Increasing
globalization is encouraging companies across
several industry verticals such as E-commerce,
food and beverage, durable manufacturing, and
general merchandising to expand their
geographical presence, therefore creating a
positive impact on 3PL market. Third-party
logistics outsourcing is rapidly gaining
importance in the country as more and more
corporations across the world are unable to
manage their complex supply chains.
3
Vietnams accession to the WTO has given a surge
to the countrys FDI levels as more and more
foreign entities were witnessed to setup their
manufacturing facility within Vietnam. Increasing
investments have given a rise to the production
and sales of domestic as well as international
products within Vietnam along with their
transportation needs, thus providing companies
with an option to in-house the delivery process
or outsource it to a 3PL provider. Logistics
outsourcing brings many benefits to the business
such as it reduces capital, improves customer
service, faster delivery of goods, developing
business relationships and improved access to
information. Analysts at Ken Research in their
latest publication Vietnam Third Party Logistics
(3PL) Market Outlook to 2022 By Freight
Forwarding and Warehousing 3PL Services and By
International Companies and Domestic Companies
believe that companies focusing on untapped
market, developing innovative technological
solutions and collaboration between trade related
companies and Logistics Service Providers (LSPs)
will have a positive impact on the
market. Vietnam 3PL market is expected to
register a positive CAGR of 13.6 during the
forecast period 2018-2022. The market is further
expected to be driven by expanding industrial
activities, growing consumer preference for
online shopping, upcoming infrastructure in the
country continuous investment by the government
in development of logistics infrastructure and
consistent economic growth.
4
Keywords Third Party Logistics Market in
Vietnam Vietnams 3PL Market 3PL Network in
Vietnam Logistics Firms 3PL Share Vietnam 3PL
Companies Position Vietnam Th? Tru?ng H?u C?n C?a
Bên Th? Ba Vietnam 3PL Market 3PL Service
Providers in Vietnam Logistic Services E-Commerce
Vietnam Vietnam 3PL Industry Vietnam 3PL Sector
Growth Vietnam 3PL Present Scenario Current
Situation 3PL Services Vietnam Emerging Market
Trends in Vietnam Third Party Logistics Vietnam
3PL Industry Stage Vietnam 3PL Market
Growth Vietnam 3PL Industry Trends Vietnam 3PL
Market Size
5
Third Party Logistics Services in Vietnam 3PL
Services in Hanoi 3PL Services in Ho Chi Minh
City 3PL Services in DA Nang International 3PL
Companies Vietnam Domestic 3PL Companies
Vietnam Vietnamese 3PL Companies Number of 3PL
Service Providers in Vietnam Logistics
Industry List of 3PL Service Providers in
Vietnam Vietnam 3PL Market Competition
Scenario Impact on Vietnam 3PL Market Vietnam-EU
Trade Agreement Third Party Logistics Players
Vietnam Third Party Logistics Government
Regulations Vietnam Logistics Vietnam 3PL
Companies 3PL Future Outlook Vietnam Vietnam 3PL
Market Future Projections Future of 3PL Services
in Vietnam Vietnamese Third Party Logistics
Service Providers
6
For more information on the research report,
refer to below link https//www.kenresearch.com/a
utomotive-transportation-and-warehousing/logistics
-and-shipping/vietnam-3pl-market/145653-100.html
Related Reports https//www.kenresearch.com/automo
tive-transportation-and-warehousing/logistics-and-
shipping/indonesia-logistics-warehousing-market/14
2316-100.html https//www.kenresearch.com/automot
ive-transportation-and-warehousing/logistics-and-s
hipping/malaysia-logistics-market-research-report/
142315-100.html https//www.kenresearch.com/autom
otive-transportation-and-warehousing/logistics-and
-shipping/singapore-logistics-warehousing-market/1
34595-100.html
7
https//www.kenresearch.com/automotive-transportat
ion-and-warehousing/logistics-and-shipping/qatar-l
ogistics-warehousing-market-report/87939-100.html
Contact Us Ken Research Ankur Gupta, Head
Marketing Communications Sales_at_kenresearch.com
91-9015378249