Northern region whereas; PSCH, Thanh Hoa, Vinafco and Transimex are some of the major players situated in Central Vietnam.
By End User
The retail sector drives significant investment and value for Vietnam warehousing market by capturing revenue share worth ~% in the year 2017. Increasing purchasing power of Vietnamese consumers owning to significant rise in their disposable income coupled with growing internet penetration in the country has given a boost to the country’ s E-commerce industry. The electronic devices segment followed retail with revenue share of ~% in Vietnam warehousing market in the year 2017 owing to the country’ s improving economic performance and the increasingly modern lifestyles of its consumers. Major leading companies such as Samsung, Vina Electronics Co Ltd and Oppo Electronics Corp initiated several marketing activities to introduce their new products to attract Vietnamese consumers and to strengthen their reputation in the market. These campaigns were held in big cities such as Hanoi and Ho Chi Minh City. Other segments such as textile and footwear, wooden products and seafood collectively captured the remaining ~% revenue share in Vietnam warehousing market in 2017.
By International and Domestic Companies
International companies operating within the Vietnam warehousing market dominated by capturing revenue share worth ~% whereas, domestic firm captured the remaining revenue share worth ~% in the year 2017. Ho Chi Minh City is drawing interest from a number of global investors seeking office / commercial space, retail and hospitality investment opportunities coupled with a high rise in buildings and a number of shopping centers in the city.
By Business Model
The industrial / retail freight segment dominated overall Vietnam warehousing market with a massive revenue share of ~% in the year 2017. The rising industrial / retail sector in Vietnam has elevated the requirement of warehouses in the country majorly due to increasing demand for storage of processed packaged foods and beverages, as modern food retailing businesses expanded their operations in order to meet the consumer requirements. Container freight followed industrial / retail with a revenue share of ~% in the year 2017. The use of containers in export shipments makes the transport and goods handling easier and faster. The remaining revenue share worth ~% was collectively captured by cold storage, agriculture and others in Vietnam warehousing market in 2017.
Comparative Landscape in Vietnam Warehousing Market