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1018165

Vietnam Express Delivery Services Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Destination, Business Type, and End User

Published: | The Insight Partners | 150 Pages | Delivery time: 1-2 business days

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Vietnam Express Delivery Services Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Destination, Business Type, and End User
Published: May 24, 2021
The Insight Partners
Content info: 150 Pages
Delivery time: 1-2 business days
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  • Description
  • Table of Contents
Description

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 11.4% 2020-2028.

Increase in adoption of smartphones and high penetration of internet is bolstering the adoption of e-commerce in Vietnam. This has also influenced businesses to adopt online selling channels to expand their respective customer bases. Express delivery services are being highly adopted by brands and e-commerce websites to offer better customer experience by delivering parcels in less time. Moreover, consumers placing place orders for food and luxury products, such as jewelry, are willing to spend more for quick product delivery. Further, due to the impact of COVID-19 pandemic, the business-to-consumer deliveries segment has witnessed growth in the last few months. Sellers in this segment are continuously importing raw materials and exporting final products to customers. Therefore, the need for express delivery services is continuously on rise in Vietnam.

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.

DHL International GmbH (Deutsche Post DHL Group); EMS Viêt 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 are among the key Vietnam express delivery services market players profiled in this research study.

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.

Overall size of the Vietnam express delivery services market has been derived in accordance to primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Vietnam express delivery services market.

Reasons to Buy:

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

Table of Contents
Product Code: TIPRE00022507

Table Of Contents

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
    • 8.3.1Overview
    • 8.3.2Business-to-Business: Vietnam Express Delivery Services Market - Revenue, and Forecast to 2028 (USD Million)
  • 8.4 Business-to-Consumer
    • 8.4.1Overview
    • 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
    • 9.6.1Overview
    • 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
    • 9.8.1Overview
    • 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 Viet 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
  • 12.3FedEx 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