Vietnam Logistics Market: A $35 Billion Powerhouse - Dive Deeper with Ken Research
GURUGRAM, India, Feb. 7, 2024 /PRNewswire/ -- Buckle up for a remarkable journey through Vietnam's logistics market, a sector poised for a meteoric rise to USD 35 billion by 2027. This dynamic landscape, fueled by a potent mix of e-commerce growth, burgeoning trade, and a visionary government, presents exciting opportunities for investors and industry players alike.
E-commerce: The Engine of Growth
Imagine express delivery drones zipping through Ho Chi Minh City, fulfilling the ever-growing needs of Vietnam's fastest-growing e-commerce market in Southeast Asia. This translates to a staggering 25% annual increase in demand for logistics solutions. Are you ready to ride this wave of opportunity?
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Manufacturing Muscle: A Steady Anchor
Vietnam's manufacturing prowess demands efficient logistics partners. As a key regional hub, it needs robust freight forwarding and international transportation. This sector fuels a 45% share of the market, offering stability and growth potential.
Infrastructure Upgrade: Building Bridges to Prosperity
Imagine Vietnam's logistics arteries pumping even faster. By 2030, a staggering USD 200 billion investment is modernizing ports, roads, and logistics hubs. This ambitious program promises 20% faster freight movement and improved connectivity.
Open for Business: A Gateway to Southeast Asia
Think beyond Vietnam's borders. Regional trade agreements are opening doors to a 30% increase in trade volume by 2027. Become a key player in this expanding network. Explore the market's international potential with Ken Research's comprehensive analysis.
Winning in the Vietnamese Logistics Arena
Unlock the full potential of the Vietnamese logistics market. Embrace technology, offer specialized solutions, build strong partnerships, and prioritize sustainability. Ready to become a leader in this exciting sector?
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Taxonomy
Vietnam Logistics Market Segmentation
By Service Mix
Freight Forwarding
Warehousing
CEP
Value Added Services
Vietnam Freight Forwarding Market Segmentation
By Mode of Freight
Road Freight
Sea Freight
Air Freight
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By Types of Operators
Small Fleet Operator (SFO)
Medium Fleet Operator (MFO)
Large Fleet Operator (LFO)
By End-User
Retail
Oil and Gas
Textiles
Pharma
Others
Vietnam Warehousing Market Segmentation
By Warehousing Types
General/Industrial/Retail
CFS/ICD
Cold Storage
Agriculture and Others
By Warehouse Locations
Northern
Central
Southern
By End-User
Retail
Oil and Gas
Textiles
Pharma
Others
Vietnam Courier, Express and Parcel (CEP) Logistics Market Segmentation
By CEP Market Model
B2B
B2C
C2C
By CEP Transaction Time
Same Day
Next Day
After 2 Days
More than 2 days
By CEP Mode of Shipments
Domestic
International
By End-User
Retail
Oil and Gas
Textiles
Pharma
Others
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According to Ken Research estimates, the Market Size of Singapore Logistics has shown increasing trend from 2019 to 2022. The Singapore logistics sector supports the second-largest economy on the continent, and is relatively sophisticated. Local and international companies use Singapore as gateway for their operations into Africa. The logistics operators are making significant investments in automation and digitalization in order to address security concerns, improve loss prevention as well as efficiency.
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