Third Party Logistics Services in Vietnam, 3PL Services in Hanoi

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Vietnam Third Party Logistics (3PL) Market
Outlook to 2022 By Freight Forwarding and
Warehousing 3PL Services and By International
Companies and Domestic Companies
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The report titled Vietnam Third Party Logistics
(3PL) Market Outlook to 2022 By Freight
Forwarding and Warehousing 3PL Services and By
International Companies and Domestic Companies
provides a comprehensive analysis of 3PL services
in Vietnam. The report focuses on overall market
size for third party logistics in Vietnam, market
segmentation by market (freight forwarding and
warehousing) and by companies (international
companies and domestic companies). The report
also covers the overall competitive landscape in
Vietnam 3PL market. The report concludes with
market projection for future of third party
logistics as described above and analyst
recommendations highlighting the major
opportunities and cautions for Vietnam 3PL
market. Vietnam 3PL Market Overview and
Size 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.
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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.
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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. Comparative 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.
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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.
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Key Topics Covered in the Report 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
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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
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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
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