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 Vietnam’s E-commerce industry is likely to drive the country’ 3PL market.
- With Vietnam’s 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 Vietnam’s E-commerce industry is further expected to drive the country’s 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.
Vietnam’s accession to the WTO has given a surge to the country’s 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.
Key Topics Covered in the Report
Third Party Logistics Market in Vietnam
Vietnam’s 3PL Market
3PL Network in Vietnam
Logistics Firms 3PL Share Vietnam
3PL Companies Position Vietnam
Thị Trường Hậu Cần Của Bên Thứ 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
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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Ankur Gupta, Head Marketing & Communications