Number of 3PL Service Providers in Vietnam Logistics Industry

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Vietnamese Logistics Firms were observed to
Become Integrated 3PL (Third Party Logistics)
Service Providers Ken Research
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Vietnamese logistics firms were observed to
become integrated 3PL (third party logistics)
service providers, therefore offering 3PL
services along with warehousing and distribution,
temperature regulation and transportation
management. Competition within the logistics
industry is ramping up due to tightened capacity
along with increased consolidation within the
supply chain arena, which has resulted in fewer
partners for 3PLs and increased prices. The 3PL
market within Vietnam is majorly dominated by the
presence of big foreign multinationals such as
DHL Logistics, Damco, FedEx and APL Logistics
who are providing end-to-end integrated logistics
solutions. However, many Vietnamese firms have
emerged in the domestic 3PL segment such as
Gemadept, Vinafco, Transimex Saigon and others.
Vinafco after winning big international contracts
with Akzo Nobel and Kimberly-Clark, expanded its
scale of operations in the strategic economic
regions of Vietnam such as Hanoi, Hai Phong, Da
Nang, Binh Duong and Hau Giang.
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Establishment of ASSEAN Economic Community (AEU),
the Trans-Pacific Partnership Agreement and the
Free Trade Agreement (FTA) between Vietnam and
the European Union (EU) have forced various
logistics firms to expand their business
operations in Vietnam, therefore broadening and
strengthening their range of logistics services
for customers as well investors. For instance,
Damco Vietnam, a third party logistics service
provider and freight forwarder, has invested
heavily to upgrade its capacity in both
geographical areas of Northern and Southern
Vietnam in order to perform new value-added
activities. The logistics companies especially
the international ones, instead of purchasing
their own fleet for transportation of goods were
witnessed to outsource the contract to 3PL
logistics companies in Vietnam. Additionally,
according to the government law, it is also
required for every international logistic company
to collaborate with local transportation partners
for the purchase of fleet. Hence, the
international companies prefer to outsource the
contract to local partners.
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The report titled Vietnam Third Party Logistics
(3PL) Market Outlook to 2022 By Freight
Forwarding and Warehousing 3PL Services and By
International Companies and Domestic Companies
by Ken Research suggested a growth at a
noteworthy six year CAGR of 13.6 in terms of
revenue in Vietnam 3PL market in next 5 years
till the year ending 2022. Key Topics Covered in
the Report Vietnams 3PL Market Logistics Firms
3PL Share Vietnam 3PL Companies Position
Vietnam Th? Tru?ng H?u C?n C?a Bên Th? Ba 3PL
Service Providers in Vietnam Logistic Services
E-Commerce Vietnam Vietnam 3PL Industry Emerging
Market Trends in Vietnam Third Party
Logistics Vietnam 3PL Industry Trends Third Party
Logistics Services in Vietnam
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International 3PL Companies Vietnam Number of 3PL
Service Providers in Vietnam Logistics
Industry List of 3PL Service Providers in
Vietnam Impact on Vietnam 3PL Market Vietnam-EU
Trade Agreement Third Party Logistics For more
information on the research report, refer to
below link https//www.kenresearch.com/automotive
-transportation-and-warehousing/logistics-and-ship
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