Logistics factsheet
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1. Vietnam's logistics market is currently worth $60 billion and growing at 20-25% annually. There are around 1,000 logistics firms operating in Vietnam, with 25 being foreign firms that hold 80% of the total market share worth $48 billion. 2. Foreign ocean shipping companies totally dominate the ocean shipping market in Vietnam. Many seaports and airports lack supporting distribution centers, resulting in increased costs for transport via truck, ship, and plane. 3. The logistics sector is expected to continue growing at an annual rate of 20-25% over the next 5 years, fueled by increasing foreign investment in Vietnam from multinational companies like Nike, Intel, and Samsung.
Logistics factsheet
- 1. 5. KEY FEATURES 2. MARKET SIZE1. MARKET SEGMENTATION Source: StoxPlus IndustrialTransportation Delivery Services Forwarding Marine Transportation Ocean Shipping Railroads Transportation Services Distribution Center Port Operation Air Cargo Terminal Project Cargo Transport Trucking Inland Transport 100% 102% 104% 106% 108% 110% 112% 114% 0 200000 400000 600000 800000 1000000 1200000 2009 2010 2011 2012 2013 2014 Thousandtons Total volume of freight traffic Growth rate Vietnams logistics market is currently worth US$60 billion. In total, there are around 1,000 logistics firms 25 of which are foreign firms. Foreign firms of note are Maersk Logistics, APL Logistics, NYK Logistics and MOL Logistics. Most foreign firms can offer third or fourth party logistics (3PL or 4PL) services while Vietnam domestic firms can only handle 2PL services. Foreign firms currently hold 80 percent of the market share, worth US$48 billion. For ocean shipping, foreign players are totally dominating the market. Almost all global giant shipping lines have their own logistics companies in Vietnam i.e. APL has APL logistics, NYK has NYK logistics, OOCL has OOCL logistics. Many seaports and airports also lack supporting distribution centers, which can result in increased inventory and idle time for trucks, ships and planes. The average growth of Vietnams logistics sector is estimated at 20% yoy. There is an increasing number of multi- national corporations( e.g. Nike, Intel, Nokia, Samsung) investing in Vietnam showing large opportunity for local forwarding and warehousing development. The sectors annual growth rate is expected to remain around 20-25% in the next 5 years. Market sizing by volume of freight traffic, 2009 - 2014 4. KEY FINANCIALS OF TOP 10 PLAYERS (listed companies only) 3. MARKET SHARE Company Total assets (US$ million) Net Revenue (US$ million) EBITDA (US$ million) ROA ROE PVTrans 113.54 175.77 40.24 14.06% 25.55% Vietnam Sun 381.34 140.45 50.41 6.72% 11.34% Gemadept 262.59 127.77 20.20 0.56% 7.48% Mai Linh Group 14.40 105.46 1.03 4.10% 6.57% Vinalines Logistics Viet Nam 237.36 94.97 26.62 1.36% 5.63% Vietnam Ocean Shipping 23.38 79.36 2.67 9.35% 22.91% VINAFREIGHT 20.57 75.72 7.49 22.46% 69.92% Saigon Beer Transportation 98.31 71.15 18.05 2.41% 5.00% Vitaco - Vietnam Tanker 17.72 61.44 2.95 11.96% 32.27% Viettel Post 113.54 175.77 40.24 14.06% 25.55% 60 43 37 24 23 23 20 20 20 9 6 5 4 0 10 20 30 40 50 60 70 Thousands Capacity of key players in Cold Storage Sector Source: StoxPlus If you want to have further information, please contact person below: Research Ms. Lan Nguyen Senior Manager lan.nguyen@stoxplus.com +84(4) 35626962 (ext.109) Business Information Ms. Hue Vuong Managing Director hue.vuong@stoxplus.com +84(8) 38233485 (ext.802) Financial Information Ms.Trang Truong Managing Director trang.truong@stoxplus.com +84(4) 35626962 (ext.114) Research Business Information Financial InformationResearch Business Information Financial Information Logistics FACT SHEET Dated September 25th 2015