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Vietnam Express Delivery Services Market Forecast to 2028 - COVID-19 Impact and Country Analysis By Destination (Domestic and International), Business Type (Business-to-Business and Business-to-Consumer), and End User (BFSI, Automotive, Pharmaceuticals, IT and Telecom, Electronics, Retail and E-commerce, and Others)

Code: TIPRE00022507 | Pages: 150 | Industry: Manufacturing and Construction | Date: May 2021
Covid

Market Introduction

With the constant growth in the e-commerce industry across Vietnam—owing to rise in foreign investments, enhanced internet access, and favorable regulatory environment—the online sales are predicted to witness approximately a tenth of the country’s overall goods and services sales by 2025. Vietnam is booming as a digital economy and its exciting e-commerce space makes it a favorable place to create a huge opportunity for new business expansion. According to the Statista, Vietnam’s e-commerce revenue is anticipated to cross approximately US$ 9 billion by 2025. Therefore, the demand for express delivery service in the retail and e-commerce industry across the country is anticipated to grow during the forecast period.

Vietnam government is robustly focusing on investing toward the advancement of the pharmaceutical industry and developing a domestic standard pharmaceutical industry to efficiently meet the demands of its customers. Despite of efforts taken by the government, several domestic pharmaceutical manufacturers witness the lack of resources to withstand in the market and create opportunities for foreign multinational companies (MNCs) to manufacture. With the current global economic disruptions due to COVID-19 impact and the ongoing trade uncertainties with China, developing countries such as Vietnam offer an appropriate opportunity for expanding and hedging operations, by providing sustainable long-term growth opportunities for foreign MNCs. Many domestic express delivery companies are operating in Vietnam, and they are constantly witnessing huge growth by investing in the adoption of modern technology to meet the expanding demand in the delivery of goods through E-commerce. Furthermore, the international express services in the country are also boosting the express logistics market across different industries such as electronics, automotive, and IT & telecom secured significant revenue share in 2020, owing to advancements in transportation for delivering goods to international locations.

Market Overview and Dynamics

The Vietnam express delivery services market is expected to grow from US$ 700.40 million in 2020 to US$ 1,655.96 million by 2028; it is estimated to grow at a CAGR of 11.9% from 2021 to 2028.

Same-day delivery services ensure the delivery of products within a few hours of the time of order placement, thereby ensuring customer satisfaction and attracting loyalty toward the brand. E-tailers are striving to gain competitive advantages by ensuring shortened lead times. For instance, Viettel Post offers same-day express delivery of small and large packages in provinces including Hanoi, Ho Chi Minh, Da Nang, and Hai Phong. The easy availability of all goods on the online platforms, along with the availability of real-time ratings, feedback, and best prices for the same, is encouraging customers to opt for these channels for their basic to advanced requirements, which is significantly boosting the e-commerce industry in Vietnam. Competition has become more critical with the rise in demand, and customers expect their goods to be delivered as soon as possible. This is compelling e-tailers to invest in express delivery services to provide a same-day delivery option. Thus, the increased investments by companies in same-day deliveries and rise in preference for the same are contributing to the express delivery market growth in Vietnam.

Impact of COVID-19 Pandemic on Vietnam Express Delivery Services Market

The emergence of COVID-19 virus across Vietnam—which led to lockdown scenarios—has led the industry experts to analyze that the industry would face at least a quarter of lag in offering express delivery services. This disruption is expected to create tremors through till mid-2021. The express delivery of parcels and electronics equipment is likely to pick up pace soon as the Vietnam government lifts the various containment measures steadily in order to revive the economy. Cancellations of flights for international delivery and travel bans to curb the spread of the pandemic, have led to substantial slowdown of express delivery service activities. There has been a decrease in letters and document parcels due to the pandemic. However, there is an increase in e-commerce parcels, owing to rising number of people shopping through online platforms. The delivery of daily essentials and e-commerce industry is anticipated to influence the express delivery services industry in Vietnam positively throughout the COVID-19 outbreak. The country’s B2B express delivery services experienced a slowdown and came to a halt, whereas the B2C services are witnessing growth during the pandemic, owing to huge growth of the online retail and e-commerce industry. Further, due the interruption in supply chain and logistics, the procurement rate of various delivery services, including domestic and international, has been quite affected.

Key Market Segments

The Vietnam express delivery services market is segmented based on destination, business type, end user, and geography. Based on destination, the Vietnam express delivery services market is segmented into domestic and international. In terms of business type, the market is segmented into business-to-business and business-to-consumer. Based on end user, the market is segmented into BFSI, automotive, pharmaceuticals, IT and Telecom, electronics, retail and e-commerce, and others.

Major Sources and Companies Listed

The top companies operating in the field of Vietnam express delivery services include DHL International GmbH (Deutsche Post DHL Group); EMS Việt Nam; FedEx Corporation; GHN (Giao Hang Nhanh); GHTK; J&T Express Vietnam; Kerry Logistics Network Limited (Kerry Express); Nhat Tin Logistics; S.F. Express Co., Ltd.; Swift247 Co., Ltd; TNT Holdings B.V.; Vietnam Post; and Viettel Post. Various other companies are operating in the market and coming up with new technologies and offerings, which is helping the Vietnam express delivery services market to expand over the years in terms of revenue.

Reasons to Buy Report

  • To understand the Vietnam express delivery services market landscape and identify market segments that are most likely to guarantee a strong return
  • To stay ahead of the race by comprehending the ever-changing competitive landscape for the Vietnam express delivery services market
  • To efficiently plan M&A and partnership deals in the Vietnam express delivery services market by identifying market segments with the most promising probable sales
  • To help take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments of the Vietnam express delivery services market
  • To obtain revenue forecast for market by various segments from 2021 to 2028 in Vietnam

 

Vietnam Express Delivery Services Market Segmentation

Vietnam Express Delivery Services Market – by Destination

  • Domestic
  • International

Vietnam Express Delivery Services Market – by Business Type

  • Business-to-Business
  • Business-to-Consumer

Vietnam Express Delivery Services Market – by End User

  • BFSI
  • Automotive
  • Pharmaceuticals
  • IT and Telecom
  • Electronics
  • Retail and E-commerce
  • Others

Vietnam Express Delivery Services Market - Companies Mentioned

  • DHL International GmbH (Deutsche Post DHL Group)
  • EMS Việt Nam
  • FedEx Corporation
  • GHN (Giao Hang Nhanh)
  • GHTK
  • J&T Express Vietnam
  • Kerry Logistics Network Limited (Kerry Express)
  • Nhat Tin Logistics
  • S.F. Express Co., Ltd.
  • Swift247 Co., Ltd
  • TNT Holdings B.V.
  • Vietnam Post
  • Viettel Post

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           Vietnam Express Delivery Services Market Landscape

4.1         PEST Analysis

4.1.1        Vietnam – PEST Analysis

4.2         Ecosystem Analysis

4.4         Expert Opinion

5.           Vietnam Express Delivery Services Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Surge in E-Commerce Industry due to Rise in Business-to-Consumer Deliveries

5.1.2        Increasing Investment of Online Sellers in Same-Day Delivery of Goods

5.2         Market Restraints

5.2.1        High Cost of Express Delivery Services

5.3         Market Opportunities

5.3.1        Use of Advanced Technologies in Express Delivery Operations

5.3.2        Rising Demand for Value-Added Services

5.4         Future Trends

5.4.1        Rising adoption of express delivery services to offer better customer experience

5.5         Impact Analysis of Drivers and Restraints

6.           Express Delivery Services – Vietnam Market Analysis

6.1         Vietnam Express Delivery Services Market Overview

6.2         Vietnam Express Delivery Services Market – Revenue, and Forecast to 2028 (USD Million)

6.3         Market Positioning – Vietnam Market Players Ranking

7.           Vietnam Express Delivery Services Market Analysis – By Destination

7.1         Overview

7.2         Vietnam Express Delivery Services Market, By Destination (2020 and 2028)

7.3         Domestic

7.3.1        Overview

7.3.2        Domestic: Vietnam Express Delivery Services Market – Revenue, and Forecast to 2028 (USD Million)

7.4         International

7.4.1        Overview

7.4.2        International: Vietnam Express Delivery Services Market – Revenue, and Forecast to 2028 (USD Million)

8.           Vietnam Express Delivery Services Market Analysis – By Business Type

8.1         Overview

8.2         Vietnam Express Delivery Services Market, By Business Type (2020 and 2028)

8.3         Business-to-Business

8.3.1        Overview

8.3.2        Business-to-Business: Vietnam Express Delivery Services Market – Revenue, and Forecast to 2028 (USD Million)

8.4         Business-to-Consumer

8.4.1        Overview

8.4.2        Business-to-Consumer: Vietnam Express Delivery Services Market – Revenue, and Forecast to 2028 (USD Million)

9.           Vietnam Express Delivery Services Market Analysis – By End-User

9.1         Overview

9.2         Vietnam Express Delivery Services Market, By End-User (2020 and 2028)

9.3         BFSI

9.3.1        Overview

9.3.2        BFSI: Vietnam Express Delivery Services Market – Revenue, and Forecast to 2028 (USD Million)

9.4         Automotive

9.4.1        Overview

9.4.2        Automotive: Vietnam Express Delivery Services Market – Revenue, and Forecast to 2028 (USD Million)

9.5         Pharmaceuticals

9.5.1        Overview

9.5.2        Pharmaceuticals: Vietnam Express Delivery Services Market – Revenue, and Forecast to 2028 (USD Million)

9.6         IT and Telecom

9.6.1        Overview

9.6.2        IT and Telecom: Vietnam Express Delivery Services Market – Revenue, and Forecast to 2028 (USD Million)

9.7         Electronics

9.7.1        Overview

9.7.2        Electronics: Vietnam Express Delivery Services Market – Revenue, and Forecast to 2028 (USD Million)

9.8         Retail and E-commerce

9.8.1        Overview

9.8.2        Retail and E-commerce: Vietnam Express Delivery Services Market – Revenue, and Forecast to 2028 (USD Million)

9.9         Others

9.9.1        Overview

9.9.2        Others: Vietnam Express Delivery Services Market – Revenue, and Forecast to 2028 (USD Million)

10.        Vietnam Express Delivery Services Market- COVID-19 Impact Analysis

10.1      Overview

11.        Industry Landscape

11.1      Overview

11.2      Market Initiative

11.3      New Product Development

12.        Company Profiles

12.1      DHL International GmbH (Deutsche Post DHL Group)

12.1.1     Key Facts

12.1.2     Business Description

12.1.3       Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6       Key Developments

12.2      EMS Vi?t Nam

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4       Financial Overview

12.2.5     SWOT Analysis

12.2.6       Key Developments

12.3      FedEx Corporation

12.3.1     Key Facts

12.3.2     Business Description

12.3.3       Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6       Key Developments

12.4      GHN (Giao Hang Nhanh)

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4       Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      GHTK

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      J&T Express Vietnam

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4       Financial Overview

12.6.5     SWOT Analysis

12.6.6       Key Developments

12.7      Kerry Logistics Network Limited (Kerry Express)

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4       Financial Overview

12.7.5     SWOT Analysis

12.7.6       Key Developments

12.8      Nhat Tin Logistics

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4       Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      S.F. Express Co., Ltd.

12.9.1     Key Facts

12.9.2     Business Description

12.9.3       Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6       Key Developments

12.10   Swift247 Co., Ltd

12.10.1  Key Facts

12.10.2  Business Description

12.10.3  Products and Services

12.10.4    Financial Overview

12.10.5  SWOT Analysis

12.10.6  Key Developments

12.11   TNT Holdings B.V.

12.11.1  Key Facts

12.11.2  Business Description

12.11.3  Products and Services

12.11.4    Financial Overview

12.11.5  SWOT Analysis

12.11.6  Key Developments

12.12   Vietnam Post

12.12.1  Key Facts

12.12.2  Business Description

12.12.3  Products and Services

12.12.4  Financial Overview

12.12.5  SWOT Analysis

12.12.6    Key Developments

12.13   Viettel Post

12.13.1  Key Facts

12.13.2  Business Description

12.13.3  Products and Services

12.13.4  Financial Overview

12.13.5  SWOT Analysis

12.13.6    Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Word Index

 


LIST OF TABLES

Table 1.             Vietnam Express Delivery Services Market – Revenue, and Forecast to 2028 (USD Million)

Table 2.             List of Abbreviation

 


LIST OF FIGURES

Figure 1.           Vietnam Express Delivery Services Market Segmentation

Figure 2.           Vietnam Express Delivery Services Market Overview

Figure 3.           Domestic Type to Dominate the Vietnam Express Delivery Services Market, By Destination

Figure 4.           Business-to-Business (B2B) Type to Dominate the Vietnam Express Delivery Services Market, By Business Type

Figure 5.           Retail and E-commerce Type to Dominate the Vietnam Express Delivery Services Market, By End-User

Figure 6.           Vietnam – PEST Analysis

Figure 7.           Vietnam Express Delivery Services Market – Ecosystem Analysis

Figure 8.           Expert Opinion

Figure 9.           Vietnam Express Delivery Services market Impact Analysis of Drivers and Restraints

Figure 10.        Vietnam: Express Delivery Services Market – Revenue and Forecast to 2028 (USD Million)

Figure 11.        Vietnam Express Delivery Services Market Revenue Share, by Destination (2020 and 2028)

Figure 12.        Domestic: Vietnam Express Delivery Services Market – Revenue, and Forecast to 2028 (USD Million)

Figure 13.        International: Vietnam Express Delivery Services Market – Revenue, and Forecast to 2028 (USD Million)

Figure 14.        Vietnam Express Delivery Services Market Revenue Share, by Business Type (2020 and 2028)

Figure 15.        Business-to-Business: Vietnam Express Delivery Services Market – Revenue, and Forecast to 2028 (USD Million)

Figure 16.        Business-to-Consumer: Vietnam Express Delivery Services Market – Revenue, and Forecast to 2028 (USD Million)

Figure 17.        Vietnam Express Delivery Services Market Revenue Share, by End-User (2020 and 2028)

Figure 18.        BFSI: Vietnam Express Delivery Services Market – Revenue, and Forecast to 2028 (USD Million)

Figure 19.        Automotive: Vietnam Express Delivery Services Market – Revenue, and Forecast to 2028 (USD Million)

Figure 20.        Pharmaceuticals: Vietnam Express Delivery Services Market – Revenue, and Forecast to 2028 (USD Million)

Figure 21.        IT and Telecom: Vietnam Express Delivery Services Market – Revenue, and Forecast to 2028 (USD Million)

Figure 22.        Electronics: Vietnam Express Delivery Services Market – Revenue, and Forecast to 2028 (USD Million)

Figure 23.        Retail and E-commerce: Vietnam Express Delivery Services Market – Revenue, and Forecast to 2028 (USD Million)

Figure 24.        Others: Vietnam Express Delivery Services Market – Revenue, and Forecast to 2028 (USD Million)

Figure 25.        Impact of COVID-19 Pandemic on Vietnam Express Delivery Services Market

 

The List of Companies - Vietnam Express Delivery Services Market

  1. DHL INTERNATIONAL GMBH
  2. EMS VIET NAM
  3. FEDEX CORPORATION
  4. GHN (GIAO HANG NHANH)
  5. GHTK
  6. J&T EXPRESS (VIETNAM)
  7. KERRY EXPRESS
  8. NHAT TIN LOGISTICS
  9. SF EXPRESS CO., LTD.
  10. SWIFT247
  11. TNT EXPRESS
  12. VIETNAM POST
  13. VIETTEL POST
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Vietnam Express Delivery Services market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Vietnam Express Delivery Services market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Vietnam market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

 


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