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Vietnam Logistics and Warehousing Market Growth 2023- Industry Top Companies Share, Rising Trends, Revenue, Business Opportunities, Challenges and Future Competition Report 2032: SPER Market Research

Logistics and warehousing are essential elements of supply chain management because they facilitate the effective movement of goods and materials from point of origin to point of consumption. Transportation, inventory management, and information flow are examples of logistics activities. It comprises organizing commodity transportation, managing storage facilities, and developing distribution networks to meet client demands while keeping costs to a minimum.

According to SPER market research, ‘Vietnam Logistics and Warehousing Market Size- By Type, By Ownership, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032’state that the Vietnam Logistics and Warehousing Market is predicted to reach USD XX billion by 2032 with a CAGR of 11.23%.

The logistics and warehousing market in Vietnam have expanded dramatically in recent years because of several major factors. For starters, Vietnam’s strong economic performance and increasing industrialization have created a significant demand for efficient logistics and warehousing solutions. The country has grown into a manufacturing and export powerhouse, attracting foreign direct investment and positioning itself as a key component in global supply chains. As a result, trade volumes and need for trustworthy transportation, distribution, and storage services have increased.

Several problems affect the growth and sustainability of the Vietnam logistics and warehousing market. First of all, problems with infrastructure are a major difficulty. Despite ongoing progress, Vietnam’s transportation network, which includes highways, trains, and ports, requires significant improvements to fulfil the rising logistics sector’s demands. Inadequate infrastructure can cause congestion, delays, and increase logistics companies’ operating costs. Furthermore, the logistics and storage industry in Vietnam is experiencing a shortage of experienced personnel and qualified professionals. Workers with understanding of supply chain management, inventory control, and technology integration are in high demand in the business.

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Impact of COVID-19 on Vietnam Logistics and Warehousing Market

The COVID-19 pandemic has had a significant impact on the Vietnam logistics and warehousing business. Firstly, global supply chain disruptions induced by lockdowns and travel restrictions have impeded the movement of commodities and raw materials. Delays and increased transportation costs have resulted from a lack of international shipping services and limited air cargo capacity, reducing the overall effectiveness of logistics operations.

Secondly, the epidemic has accelerated the transition to e-commerce, as individuals have resorted to the internet to suit their needs. This surge in e-commerce activity has boosted demand for logistics and storage services, particularly last-mile delivery and fulfilment centres.

Vietnam Warehousing Market Key Players:

Geographically, the logistics and warehousing market in Vietnam illustrates regional variations in terms of infrastructure development, industrial concentration, and demand trends. The northern area, which includes Hanoi and Hai Phong, is a significant commercial and industrial centre. It benefits from close proximity to major seaports and an extensive transit network. Because of its strategic location, this region enjoys tremendous trade activity and draws logistics businesses. Warehousing facilities in the northern region serve a variety of industries, including industrial, automotive, and electronics. Additionally, some of the market key players are Sea and Air Freight International, Sotrans Vietnam, Transimex Saigon Corporation, Vinafco, Vinalink Logistics.

Vietnam Logistics and Warehousing Market Segmentation:

The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.

By Type: Based on the Type, Vietnam Warehousing Market is segmented as; Cold Storage Warehousing, General Warehousing, Others.

By Ownership: Based on the Ownership, Vietnam Warehousing Market is segmented as; Bonded Warehouses, Non-Bonded Warehouses, Others.

By End User: Based on the End User, Vietnam Warehousing Market is segmented as; Chemicals, Consumer Goods, Food and Beverage, Healthcare, Retail, Textile and Footwear, Wooden Products, Others.

By Region: This report also provides the data for key regional segments of Central Vietnam, North Vietnam, Southern Vietnam.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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Vietnam Logistics and Warehousing Market Future Opportunity

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Vietnam Warehousing Market Size 2022 COVID-19 Impact Analysis by Business Opportunities, Demand, Emerging Trends, Growth Drivers, Future Outlook and Forecast Report 2032: SPER Market Research

According to SPER Market Research, the Vietnam Warehousing Market is estimated to reach USD XX billion by 2032 with a CAGR of 11.23%. The Vietnamese warehousing market was valued in billions of dollars in terms of revenue production. A gain was seen in the market, which was shown to increase. With a steady rise in organized retail or modern shopping across the nation over the past few years, Vietnam’s retail market has been developing quickly. Vietnamese consumers have an increasing need for warehousing services as a result of the country’s growing middle class, sizable young population, and thriving tourism industry. In order to reduce waste and inconsistencies that hinder production overall, “Just-in-Time” and “Just-in-Case” manufacturing procedures are becoming more popular throughout the world’s warehousing industry, including Vietnam.

The lack of enough space in the ports, IDC, and CFS is expected to result in an increase in demand for warehousing services over the course of the projection period, driving revenue growth in the billions for the Vietnam warehousing industry. Growing cross-border trade between Vietnam, Laos, and Cambodia will boost the Vietnamese warehousing sector for efficient storage requirements.

Vietnam Warehousing Market Overview (2022-2032)

Forecast CAGR (2022-2032): 11.23%
Forecast Market Size (2032): XX billion

Demand for climate-controlled warehouses has increased recently on a global scale. Using cold storage facilities helps to prolong the shelf life of such products because many consumables are perishable but need to be kept for longer periods of time. Also, it enables businesses and merchants to plan their operations around seasonal produce’s availability and demand. Also, these warehouses are perfect for goods that need particular treatment, such as flowers, medicines, and other items.

Vietnam has a vibrant population, a developing economy, and a burgeoning middle class. The Southeast Asian warehousing business, which is expanding, is a source of support for the Vietnamese economy. Vietnam is one of the most rapidly developing nations in East Asia, making warehousing facilities including public and private warehouses, cold chains, container yards, and others crucial to ensuring the country’s development. Furthermore, the growth of public-private partnerships enables companies to broaden their offerings to incorporate other logistics functions including transportation, inventory management, and customer services. This is helping the Vietnam warehousing business to expand, as is the increasing penetration of major players.

Impact of COVID-19 on the Vietnam Warehousing Market  

Wearing masks, maintaining a 6-foot separation from others, and remote learning are examples of COVID components that are (hopefully) temporary, whereas other components are part of it for good. The consequences of COVID on the warehouse will be significant and long-lasting. The COVID variances and surges that continue to appear in various parts of the world are making it difficult for the global supply chain and labour pool to keep up. Flexibility is essential for warehouses to survive in this unsteady environment. Some businesses are experiencing unprecedented demand, while demand in other industries is declining, as a result of a combination of an erratic supply chain and shifting consumer behaviour. Warehouses are making adjustments to best fulfil consumer demand while we wait for the supply chain to normalize.

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Vietnam Warehousing Market Key Segments Covered

By Type:

Cold Storage Warehousing
General Warehousing
Others

By Ownership:

Bonded Warehouses
Non-Bonded Warehouses
Others

By End User:

Chemicals
Consumer Goods
Food and Beverage
Healthcare
Retail
Textile and Footwear
Wooden Products
Others

By Region:

Central Vietnam
North Vietnam
Southern Vietnam

This report also provides the data for key regional segments of Central Vietnam, North Vietnam, Southern Vietnam.

Vietnam Warehousing Market Key Players:

The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Bac Ky Logistics Vietnam, Damco Vietnam, Kerry Logistics Vietnam, Nippon Express Vietnam, Noi Bai Cargo Terminal Services, Sea and Air Freight International, Sotrans Vietnam, Transimex Saigon Corporation, Vinafco, Vinalink Logistics.