Vietnam 3PL Market is Expected to Reach around USD 55 Billion by the Year Ending 2022 Ken Research

Vietnam 3PL MarketVietnam 3PL Market is Expected to Reach around USD 55 Billion by the Year Ending 2022 Ken Research

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. 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. 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 Bn 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 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 For more information on the research report, refer to below link: Related Reports Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications +91-9015378249

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