DUBLIN, October 27, 2021--(BUSINESS WIRE)--The "Vietnam Express Delivery Services Market by Application, End Use, and Destination: Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
Factors, such as the growing e-commerce industry coupled with rise in B2C deliveries and rapid growth in international trade services, are expected to drive the market growth.
However, lack of infrastructure and higher operational costs hinder the market growth. Further, rise in technological advancements in delivery services and emergence of last-mile deliveries with technological advancements in delivery vehicles are some of the factors that are expected to offer lucrative opportunities for the market growth.
Moreover, the growth of value-added services in express delivery and rapid growth of same day delivery services are some factors trending in the Vietnam express delivery services market.
The Vietnam express delivery services market is segmented on the basis of application, end use, and destination. Based on application, it is bifurcated into B2B and B2C. By end use, it is divided into e-commerce platform, social media platform, document service, and others. On the basis of destination, it is categorized into domestics and international.
COVID-19 Impact Analysis:
The outbreak of COVID-19 resulted in flight cancellations, travel bans, and quarantines, which led to massive slowing of express delivery service activities across the world. The coronavirus pandemic is an unprecedented crisis with dramatic economic impacts on the Vietnam express delivery services industry.
Although the pandemic has accelerated the decline of letters & document parcel and growth of e-commerce parcels due to increased number of people shopping from home. E-commerce and daily essentials goods industry is expected to affect the express delivery service industry positively during the COVID-19 outbreak in Vietnam. As B2B express delivery services suffered and came to a halt, B2C emerged during the pandemic, owing to rapid growth of the online retail and e-commerce industry.
Growing e-commerce industry coupled with rise in B2C deliveries
Rapid growth in international trade services
Lack of infrastructure
Higher operational costs
Rise in technological advancements in delivery services
Emergence of last-mile deliveries with technological advancements in delivery vehicles
Growth of value-added services in express delivery
Rapid growth of same day delivery services
Express delivery services volume, by e-commerce platform
Key Market Segments
By End Use
Social Media Platform
GHN (Fast Delivery)
BEST Express Vietnam (BEST Inc.)
J&T Express (Vietnam)
Kerry Express (Vietnam)
Nasco Logistics JSC
Nhat Tin Logistics
Nin Sing Logistics Company Limited (Ninja Van)
For more information about this report visit https://www.researchandmarkets.com/r/cbcvhj
View source version on businesswire.com: https://www.businesswire.com/news/home/20211027005547/en/
Laura Wood, Senior Press Manager
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