Vietnam Freight Industry, Freight Forwarding Businesses in Vietnam-Ken Research

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Vietnam Freight Forwarding Market is Expected to
be Led by Expanding Industrial Activities,
Growing E-commerce Industry and Continuous
Investment in Infrastructure Ken Research
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Logistics services such as transportation of
products, sea-air intermodal transportation,
warehouse management, cold chain services and
inspection carry a major demand to support the
countrys processing industries as well as food
and aquaculture businesses. The report titled
Vietnam Freight Forwarding Market Outlook to
2022 By Normal and Express Delivery By Sea,
Road, Air and Rail Freight and By International
and Domestic Freight Forwarding by Ken Research
suggested a growth at a noteworthy six year CAGR
of 14.2 in terms of revenue in Vietnam freight
forwarding market in next 5 years till the year
ending 2022.   The freight forwarding companies
operating in Vietnam specializes in providing a
full range of services such as tracking inland
transportation, preparation of shipping and
export documents, booking cargo space,
negotiating freight charges, freight
consolidation, cargo insurance, and filing of
insurance claims. Expanding FMCG sector, retail
sector, food and E-commerce industry has
attributed towards the growth of freight
forwarding industry in the country. Surging
demand for wearing apparels rubber and plastic
products office, accounting and computing
machineries, electrical machineries, motor
vehicles and other transport equipment has
expanded their production over time.
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Rapid growth in the countrys manufacturing
sector exports was one of the major driving
forces for Vietnams freight transportation.
Vietnams freight transport market is majorly
dominated by two modes namely inland waterway
transport (IWT) and the roadways. From bulk
cargo to a single package perishable goods to
fragile freight, heavy outsized cargo and
dangerous goods, all types of freight are
transported. The Vietnamese government has
invested a large proportion in infrastructure to
facilitate freight transport and development of
logistics services for instance, investment in
large-scale construction and modern equipment
utilized towards Vietnams seaport network. The
development of the port system at the key gateway
ports of HCMC (including Cai Mep-Thi Vai) and
Haiphong (including Cai Lan) continues to favor
the development of new terminals and relatively
small terminal facilities compared to
international standards. Vietnam has become one
of the leading destinations in the world for
foreign multinationals, thereby attracting FDIs
to setup their global manufacturing base within
Vietnam and creating a positive impact on the
countrys cargo transport market.  
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For more information on the research report,
refer to below link https//www.kenresearch.com/a
utomotive-transportation-and-warehousing/logistics
-and-shipping/vietnam-freight-forwarding-market/14
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