Vietnam Freight Transport Report Q4 2015 - New Market Research Report

From: Fast Market Research, Inc.
Published: Wed Sep 02 2015


Strong foreign direct investment (FDI), in addition to steady trade growth and the prospect of ongoing infrastructure development, both public and private , will impact favourably on the freight industry. Falling fuel prices will encourage road transport whilst rail transport will be spurred on by new investment both domestic and foreign. Government approval of the development project of Long Thanh Int ' l Airport signals recognition of the need to strengthen Vietnam's credentials as a n air transport hub for the Southeast Asian region.

We expect export growth in Vietnam to be maintained at a steady level in the medium term, averaging 6.52% y-o-y between 2015 and 2019. In 2015, total trade real growth will come in at 6.65%, with imports outperforming exports. Of the key trade indicators, agricultural exports will see the biggest year on year growth in 2015, with fuel exports seeing the smallest growth figures. The signing of a free trade zone agreement between Eurasian Economic Union (EEU) and Vietnam will drive trade growth between the two markets.

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Strong foreign direct investment, infrastructure development and growing export through 2015 are set to benefit the road freight sector in Vietnam. This will set y-o-y growth in terms of tonnage transported by road on an upward curve with a forecast growth of 7.75% in 2015 up from 6.77% in 2014, rising to 8.12% in 2016. Road freight companies look set to benefit in particular from falling fuel prices and rising consumer demand, as they strive to offer economical alternatives to air and shipping freight.

Year-on-year tonnage growth of the rail freight industry is set to half in 2015 to 5.07% compared to 10.01 in 2014 with further contraction predicted to the coming years, this despite increased investment in infrastructure development and the proposed construction of new lines, such as a partnership with Russia. Access from private investment using the PPP model is likely to facilitate development

The Vietnam Freight Transport Report has been researched at source, and features latest-available data covering commercial transport and logistics by road, rail, air and water; industry forecasts, company rankings covering leading national and multinational operators; and analysis of latest industry trends, opportunities, projects and regulatory changes.

Business Monitor International (BMI)'s Vietnam Freight Transport Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Vietnamese freight transport and logistics industry.

Key Benefits

* Benchmark BMI's independent freight transport industry forecasts on Vietnam to test other views - a key input for successful budgetary and planning in the strategic freight transport market.
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