Vietnam logistics industry comprehensive report q42019. On purchasing the report you will be provided with a downloadable pdf and a link to. The main logistics hubs can be found in the north ha noi hai phong area and in the south the wider ho chi minh city area. China is the only asian economy that has grown faster since 2000. Anticipated to record a cagr of 1416% during 2018 to 2024. Welcome to the 2018 lpi the lpi is an interactive benchmarking tool created to help countries identify the challenges and opportunities they face in their performance on trade logistics and what they can do to improve their performance. Vietnam is set to see very strong growth in trade over the coming years, which will support ongoing development and expansion of its logistics. This second issue explores a variety of trends and hot topics in the asia industrial and logistics market, with cbre experts providing market leading insights to ensure our clients are at the forefront of the sector. Vietnam freight and logistics market growth, trends and. Logistics developments, particularly in information technology, demand new competencies that the workforce does not possess developing countries lag behind developed ones in training budgets, course content, and the quality of the. However, in the current reality, most vietnamese logistics companies are losing this. Logistics support analysis lsa is the selective application of scientific and engineering efforts undertaken during the acquisition process, as part of the system engineering and design process, to assist in complying with supportability and other integrated logistics support ils objectives.
Vietnam logistics market 2018 report industry report company. However, vietnams logistics efficiency, as demonstrated by its ranking of 39th in the 2018 logistics performance index lpi with a score of 3. Efficient logistics blancas, isbell, isbell, tan, tao the world bank efficient logistics a key to vietnams competitiveness luis c. South korea logistics report transport intelligence. The research provides latest information on market size as well as competition landscaping of vietnam logistics market.
The market is segmented by country singapore, thailand, malaysia, vietnam. Global logistics companies dominate this segment, including maersk logistics, apl logistics, nyk logistics, and mol logistics. Vietnam logistics development, trade facilitation the. Vietnam freight and logistics market growth, trends, and forecast 2020 2025 the vietnam freight and logistics market is segmented by function freight transport, freight forwarding, warehousing, valueadded services, and other emerging areas, such as cold chain logistics, project logistics, etc. This report presents a board range of topics, both sectorspecific and crosscutting market issues. Vietnam freight and logistics market growth, trends, and. External links to other internet sites should not be construed as an endorsement of the views or privacy policies contained therein. Scope of the report a complete background analysis of the vietnamese freight and logistics market, which includes an assessment of the economy and contribution of sectors in the economy, market overview, market. In particular, vietnamese logistics enterprises currently lose their advantage at their own domestic market with only 20% market share. The report finds that, to the extent that logistics operations in vietnam are.
Vietnam logistics business association vla escap regional conferenceforum for logistics service providers bangkok, 29 june 2017 vietnam report on key initiatives and efforts to enhance the role of the association to help develop logistics industry and promote cooperation of members 6302017 1. Complete report in english official version of document may contain signatures, etc official pdf, 6 pages 0. Report on the current status of the logistics workforce in vietnam. Rapid growth, limited connectivity viet nam supply chain. A brief summary of the logistics landscape in vietnam. Landlord representation the cbre industrial unique point of difference is its regional and global broker network. The purpose of research work is to have an indepth understanding of logistics market in vietnam and assessing its potential. Escap regional conferenceforum for logistics service. Vietnams logistics profile is firmly strengthening against regional peers, which is positioning the country as a prime destination for exportorientated manufacturers particularly those seeking to avoid rising labour costs in china. Assessing the national logistics system of vietnam cyberleninka. However, they provide very limited international transportation service with top local players including vinalines and vietnam airlines.
Vietnam logistics market 2017 prepared by stoxplus for amcham. By whatever name it is the sinuous, gritty, and cumbersome process by which companies move material, parts, and products to customers. The asean warehousing and distribution logistics market is estimated to witness a strong growth during the forecast period, owing to the demand from the expanding ecommerce sector. Understand the thailand logistics market through analysis of its investment environment, economic background and transport infrastructure. Vietnam s logistics cost accounts for 25% of total gdp in 2014 25. The publication of vietnam logistics market report 2018 stoxplus is pleased to announce the publication of vietnam logistics market report 2018. Asean warehousing and distribution logistics market. According to the recently released 2020 agility emerging markets logistics index, with an overall score of 5. Chinas lagging provinces, philippines, laos, mongolia, and the present report on vietnam. The development strategy of logistics to 2020 and lesson.
Analysis of the investment environment and assessment of the size and growth prospects of south koreas core logistics markets contract logistics, air and sea freight forwarding, domestic and international express. Scope of the report a complete background analysis of the vietnamese freight and logistics market, which includes an assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key. Is the hype around the logistics industry justified. The transportation and logistics sector committee was officially established under eurocham in 2009, to provide an advocacy forum for all eurocham members in the transportation and logistics sector.
The development strategy of logistics to 2020 and lesson for. Vietnam logistics industry comprehensive report q22019. In vietnam logistics market 2018, stoxplus covered comprehensive content including all important sectors such as vietnam. Vietnams growth while the services sector recorded the largest increase. Vietnam logistics of all the international transport operations, sea transport is always the main mode, accounting for over 90% of the world trade volume. However, the sector is still in early development stages with more than 1200 companies. Vietnams freight transportation market is dominated by the road 75. The logistics industry is one of the fastest growing industries in vietnam, but poor infrastructure is increasing its costs. Vietnam and cambodia national logistics development plan establish institutional framework for the development of support policies for logistics. Economic forums 2017 global competitiveness report. If you are thinking about starting an enterprise in vietnam, this brief summary of the logistics industry may give you some pointers, and serve as.
A logistics and infrastructure perspective emphasizes the importance of. This strong growth has set high demand for ecommerce logistics and the industry expected to reach an average growth of 42 percent every year until 2022. But vietnam now needs to boost labor productivity growth by more than 50 percent to maintain its rapid growth. The government is heavily investing in power and transport. Blancas, john isbell, monica isbell, hua joo tan, wendy tao. A special report addressing the issues of port development in relation to urban growth east asia ports in their urban context was also published. Characterised by political, social and macroeconomic. The logistics market in vietnam is becoming more liberalized, creating opportunities for new companies to cash in on the rising demand. Chinas domestic, performance compared to region and income averages. As a matter of fact, vietnam has some advantages in developing logistics such as lying in the centre of south east asia and having long coastline. The vietnamese economy is growing, and the country is opening its doors to foreign logistics operators. The lpi 2018 allows for comparisons across 160 countries. Vietnam freight and logistics market growth, trends, and forecast 2019 2024.
Vietnam property market brief 1q18 vietnam economy 4 average cpi of vietnam in 1q18 rose by 2. Viet nam s economic transformation during the last 30 years has been nothing short of remarkable. Falling one place to 11th in the global index of emerging logistics markets, vietnam was still seen as a clear winner in the sinous trade war. Vietnam, with its favourable conditions in terms of geographic location, labour force, stable political environment, has seen a strong growth of. Tran thi thanh thuy international cooperation department ministry of transport viet nam. Vietnams logistics wins in continuing sinous trade war. With a population of nearly 100 million people, over 60% are under the age of 35, viet nam is wellpositioned to supply a young, abundant and quality workforce at competitive cost.
In 2019, the demand for transporting goods by container was estimated to increase sharply and achieving 4,7% due to the world economys recovery, good growth rate of commercialization. With regard to trade balance, a steady improvement has been seen over the last three years. Research report april 2018 vietnam property market brief. Vietnams logistics cost accounts for 25% of total gdp in 2014 25. Improving logistics service quality in freight forwarding. On purchasing the report you will be provided with a downloadable pdf and a link to access an interactive version of. Efficient logistics blancas, isbell, isbell, tan, tao the world bank efficient logistics a key to vietnam s competitiveness luis c. Vietnams economy has come an extraordinarily long way in a short time. Domestic companies only provide sea and air services. After eight consecutive years, the vietnam ebusiness index ebi has become a reliable source of information reflecting the current situations, notable issues and the developing trend. Contract logistics is one of the key trends in the vietnamese. Weak transport infrastructure and high logistics cost remain to be market restraints. Call it distribution or logistics or supply chain management.
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