Vietnam Courier Services offers a range of services including same or next day delivery, international delivery and specialized services such as refrigerated transport of perishable goods. Courier services in Vietnam use a variety of transportation methods, including motorcycles, trucks and airplanes, to ensure fast and efficient delivery of packages.
According to the Ministry of Trade and Industry, in 2022, Vietnam's retail e-commerce market is estimated to be US$16.4 billion, accounting for 7.5% of the country's total retail market sales and the second highest percentage of online shopping in Southeast Asia, after Singapore.The CAGR of Vietnam's e-commerce retail sales from 2018-2022 reached 19.3%.In 2022, Shopee, Lazada, Tiki and Sendo are the top four e-commerce platforms in Vietnam with a total revenue of VND135 trillion (approximately US$5.75 billion). Vietnam's e-commerce industry is ranked by eMarketer as one of the top 5 countries in the world for e-commerce growth with an annual growth rate of 20%. According to the 2022 Vietnam E-Commerce White Paper, Vietnam's e-commerce economy 2022 will set a number of annual records. Specifically, the number of online shoppers in Vietnam will reach 57 million for the first time in 2022, and 74.8% of Vietnam's Internet users will shop online. In addition, for the first time, Vietnam's online shopping transactions reached US$260-285 per capita, and the market share of B2C e-commerce in Vietnam's total retail sales of consumer goods and services exceeded 7%, reaching 7.5%.
According to the analyst, the retail sales of e-commerce will reach US$ 50.94 billion in 2032 and the CAGR in 2023 to 2032 is 12%.
Currently, Vietnam's retail market size is about US$250 billion, providing vast space for e-commerce development. The Vietnamese government has proposed a target to increase the share of e-commerce sales to 20% of total retail sales. According to the Vietnam E-Commerce White Paper 2022, Vietnam's e-commerce market will reach US$39 billion by 2025, ranking second in Southeast Asia in terms of e-commerce growth. The growing e-commerce sector will provide opportunities for the country's foreign and local logistics services, particularly courier services. The Vietnam E-Commerce and Digital Economy Agency (iDEA) predicts that Vietnam's e-commerce market will reach $23 billion by 2025. According to the Vietnamese government's plan, by 2025, the number of online shoppers will account for about 55% of the country's total population and the average annual spending will reach $600.
Topics Covered
- Vietnam Express Industry Overview
- The economic and policy environment of Vietnam's express industry
- What is the impact of COVID-19 on the courier industry in Vietnam?
- Vietnam courier industry market size, 2023-2032
- Analysis of major Vietnamese courier industry producers
- Key Drivers and Market Opportunities in Vietnam's Express Industry
- What are the key drivers, challenges and opportunities for the express industry in Vietnam during the forecast period 2023-2032?
- Which companies are the key players in the Vietnam courier industry market and what are their competitive advantages?
- What is the expected revenue of Vietnam courier industry market during the forecast period of 2023-2032?
- What are the strategies adopted by the key players in the market to increase their market share in the industry?
- Which segment of the Vietnam courier industry market is expected to dominate the market by 2032?
- What are the main unfavorable factors facing the express industry in Vietnam?
Companies Mentioned
- VN Post
- Viettel Post Joint
- DHL Express
- FedEx Express
- J&T Express
- EMS
- Swift247
- Nin Sing Logistics
- GHTK
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 60 |
| Published | May 2023 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 18.37 Billion |
| Forecasted Market Value ( USD | $ 50.9 Billion |
| Compound Annual Growth Rate | 12.0% |
| Regions Covered | Vietnam |
| No. of Companies Mentioned | 9 |
