Market Research Reports - Ken Research Logistic Services E-commerce Vietnam

Vietnam Third Party Logistics (3PL) Market Research Report to 2022: Ken Research
How Vietnam 3PL Market is Positioned?
In Vietnam, 3PL started with small enterprises in the early 70’s, who tried to outsource parts of
their business operations to outside service providers. These service providers eventually
expanded their geographical coverage, facilities and commodities; as well as updated their
warehousing and transportation. Compared to other parts of the world, logistics industry in
Vietnam is still in its developing phase, as supply chain processes for instance procurement,
transportation, warehousing and delivery are not executed in an integrated manner.
In terms of revenues, Vietnam 3PL Market was evaluated at USD ~ billion in the year 2011,
which witnessed an increase to USD ~ billion in the year 2017, thus growing at a six year CAGR
of ~% in the review period 2011-2017. Logistics outsourcing aids businesses by reducing capital
and overall costs; improving customer service and lastly helps in developing business
relationships with clients. 3PL providers can offer a variety of services to companies seeking to
outsource logistics functions in Vietnam majorly including domestic transportation,
international transportation and warehousing. Most of the foreign firms operating in Vietnam
such as Maersk Logistics, APL Logistics, NYK Logistics and MOL Logistics were observed to offer
3PL or 4PL services whereas, Vietnamese domestic firms could only handle 2PL services. In
Vietnam, large scale companies such as DHL, Kuehne + Nagel or DB Schenker were witnessed to
be the leading suppliers of 3PL services.
Vietnam 3PL Market Segmentation
By Market
The freight forwarding segment within Vietnam 3PL market dominated with a massive revenue
share of ~% in the year 2017. The growth of E-commerce industry in Vietnam is one of the
major driving forces for the 3PL freight forwarding owing to increase in demand for fast
delivery, efficient inventory management and individualized shipping time. In Vietnam, 3PL
market vendors are focusing on providing international freight management and customs
brokerage with their extensive knowledge of import-export processes and international
regulations, thereby leading to increase in demand for 3PL freight. On the other hand, the
warehousing segment within Vietnam 3PL market was witnessed to capture the remaining
revenue share of ~% in the year 2017. 3PL warehousing companies in Vietnam handles all
aspects of shipping a particular product from anywhere in the world to their facilities and then
straight into customers hands.
By Companies