In a global economic downturn, there are few opportunities for the transport and logistics sector. However Vietnam continues to offer long term growth potential for those companies willing to risk expansion in this immature but fast-developing market.
The country has become a focal point for off-shore production for global manufacturers looking for even lower cost locations than in China. The latter market has seen labour and transportation costs rise quickly over the past few years, leading companies to re-assess their global supply chain strategies.
In an effort to keep pace with these demands, as well as cater to the needs of the world’s 13th largest population, the Vietnamese Government has invested heavily in upgrading its transport infrastructure. However overall, its record of success can best be described as mixed.
While Vietnam’s vast network of inland waterways transport goods efficiently throughout the country, an inadequate road network - less than 20% paved - and limited railway capacity have prevented Vietnam from meeting its full transport potential.
On the other hand, Vietnam’s rapidly growing air and seaport industry has facilitated a higher volume of trade, lending hope that improvements across all transport networks will have a similar effect.
What does the report contain?
Vietnam Logistics 2009 provides an overview of all the key transport modes (air, sea, road and rail) in this fast growing and important market as well as analysis of the main logistics sectors. This includes market sizes and forecasting for the contract logistics and freight forwarding sectors, with further overviews of road freight, shipping and express.
The report places the growth of the logistics sector in the context of Vietnam’s position in the global and regional Asia Pacific economy and how its development has been based on international trade flows.
The report offers an honest critique of the... [continues]
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