Vietnam express logistics market by international and domestic express; by air and ground express; and by B2B, B2C and C2C; Vietnam E-commerce logistics market by channel (3PL and E-commerce merchants), by speed of delivery (2 day delivery, 1 day delivery, same day delivery, delivery within 2 hours and delivery beyond 2 days), by area of delivery (intercity and intracity) and by payment method (cash on delivery and others); Company Profile of Major Players Operating in Vietnam Express and E-Commerce Logistics Market (DHL Express, FedEx, TNT Express, UPS Express, GHN, Viettel Post, VNPost and Others).
- Express services are likely to become more significant in near future as Vietnam’s economy becomes increasingly integrated owing to rapid growth in international trade services.
- Growth in E-commerce industry will drive the express delivery market owing to the rising demand of this service for B2C business segment.
The growing E-commerce industry is expected to provide opportunities for foreign logistics companies, especially express delivery services and logistics services for E-commerce that find Vietnam an appropriate place for investment. Increasing consumer preference towards faster delivery of goods has made last-mile delivery services a key differentiator among larger E-commerce players as well as emerging start ups. Express delivery services in Vietnam is well served by major international express delivery firms such as DHL, UPS, FedEx and others. For instance, DHL express is planning to enhance the digital and last mile capabilities of its network in order to fulfill their client’s expectations through the launch of on demand delivery service. This will provide cross-border E-tailors with several new opportunities in terms of online shopping. On the other hand, postal services such as VNPost and Viettel Post offer domestic postal services in Vietnam.
Analysts at Ken Research in their latest publication “Vietnam Express and E-Commerce Logistics Market Outlook to 2022 – By Air and Ground Express, By Channel (3PL and E-Commerce Merchants), By Intercity and Intracity Orders and By Payment Method (Cash on Delivery and Others)” believe that infrastructural development, E-commerce tie-ups, technological advancement and robust customer feedback system will have a positive impact of market. Vietnam express logistics market is expected to register a positive CAGR of 22.8% whereas; Vietnam E-commerce logistics market is expected to register a massive CAGR of 42.1% during the forecast period 2018-2022.
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Ankur Gupta, Head Marketing & Communications