Market Research Reports - Ken Research Cold Chain Temperature Monitoring in Vietnam

Vietnam Cold Chain Industry will be Driven by Growth in Cold Storage and Transport Capacity
Backed by Increase in Number of Convenience Stores and Mini Marts: Ken Research
The restaurants, shopping malls and supermarkets have supported the demand for transport of
refrigerated transport as well as storage in the country. Furthermore, the trend of young
Vietnamese preferring to purchase from supermarkets rather than the wet fish markets has
been on the rise owing to the consumers attaining to the factors such as quality and cleanliness
in the supermarkets. This trend has increased the demand of cold storage and transport
services in the country
The report titled “Vietnam Cold Chain Market by Cold Storage and Cold Transport, Product
Type (Bakery, Confectionary, Dairy, Meat & SeaFood, Vaccines & Pharmaceutical, Fruits &
Vegetables, Chemicals) – Outlook to 2021” by Ken Research suggested a positive CAGR of
10.4% in terms of total cold chain revenue in the next 5 years till 2021.
Cold storage demand in Vietnam is high which has attributed 50% occupancy rate at nearly all
facilities. Capacity has quadrupled over the past 10 years, but most facilities are used by the
seafood export industry rather than for domestic consumption. The cold chain companies have
been increasing their cold storage capacity over the years and various companies are planning
to increase it in future due to the growing cold chain market in the country. The demand for
cold storage and transport systems have increased over the years with rising pharmaceutical
industry and frozen and processed food industry. The construction of a Cold Storage
Warehouse in Ho Chi Minh City, Vietnam by CLK Cold Storage Company Limited in 2016 can be
stated as an example. It is a JV established by Kawasaki Kisen Kaisha, Ltd. ("K" Line), Cool Japan
Fund Inc. (Cool Japan) and Japan Logistic Systems Corp. (Japan Logistic Systems).
The restaurants, shopping malls and supermarkets have supported the demand for transport of
refrigerated transport as well as storage in the country. In recent years, the super marts and
mini marts have become popular amongst the Vietnamese. This can be advocated from the fact
that there were 1,500 convenience stores across the country and this number is expected to
increase in the future. In addition to this, there are 1,300 new supermarket and 350 trade
centers that are in the pipeline for 2020 in the country. The modern retail trade concept has
grown improved from being only two supermarkets in HCM. To support this growing demand,
ABA Cooltrans hopes to put itself at the forefront of Vietnam’s cold chain expansion. The
company’s 200 reefer trucks handled 54,000 tonnes in 2016, and a newly acquired 15,000
pallet-capacity cold storage facility in Hanoi saw throughput of 100,000 tonnes.
The major players in Vietnam cold chain market include Kuehne Nagel, Swire Cold Storage,
Preferred Freezer Services, Schenker, Agility, APL, K-Line, Maersk Logistics, CLK Logistics,
Panasato, Sojitz and Kokubu, Konoike Vina, Mekong logistics, Hung Vong and Lotte Logistics.