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| Title | Vietnam Road Freight Transport Market Size, Share, Growth, Demand And Report 2025-2033 |
|---|---|
| Category | Business --> Transportation and Logistics |
| Meta Keywords | vietnam road freight transport market |
| Owner | Imarc |
| Description | |
| Vietnam Road Freight Transport Market Overview Base Year: 2024 Historical Years: 2019-2024 Forecast Years: 2025-2033 Market Size in 2024: USD 21.3 Billion Market Forecast in 2033: USD 37.4 Billion Market Growth Rate (2025-33): 5.81% Vietnam road freight transport market size reached USD 21.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 37.4 Billion by 2033, exhibiting a growth rate (CAGR) of 5.81% during 2025-2033. Increasing trade volumes, economic development, urbanization, the burgeoning manufacturing sector, the rise of e-commerce and the digital economy, and the need for efficient goods distribution represent some of the key factors driving the market. For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/vietnam-road-freight-transport-market/requestsample Vietnam Road Freight Transport Market Trends and Drivers: In the road freight market in Vietnam, diffusion of digital freight-plus-telematics solutions has disrupted the market; solutions are a survival requirement rather than a competitive advantage when they are rolled out by competitors and thus not an option to compete on. The most aggressive third party logistics providers (3PLs) will use Transportation Management Systems (TMS). Here, AI and machine learning will also be used as planning occurs in real time to navigate around the chronic traffic congested trips made along the major national trade lanes like National Highway 1A. The market for physical asset tracking is expected to grow at a CAGR of over 15% as IoT sensors and tracking devices are used by implementers to provide shippers with greater granular visibility of cargo location, cargo condition (temperature, humidity, security), and a reduction of cargo pilferage and spoilage rates. Logistics prediction versus logistics response results in increased customer satisfaction and trust. Fleets can use this data to schedule preventive maintenance, reducing time spent with vehicles out of service, and to provide accurate ETAs. The rise of these agile, digitally-native operators is putting huge pressure on customary players to upgrade their digital capabilities, or risk being disrupted in the market. Sustainability is now a principal planned imperative shaping Vietnam's freight transportation sector, moving from a plan mainly premised on business ethics to a plan premised on competitive advantage. High fuel prices, accounting for up to 60% of cargo carrier operating costs, and stricter requirements from multinational customers for sustainable supply chain policies as part of their decarbonization requirements have been cited as key drivers. Pilot programs of EV trucks are increasingly being scaled. These have often been localized in the vicinity of Hanoi, Ho Chi Minh City and other urban centers, typically focusing on short-haul and last mile delivery in industrial parks. In the past few years, strict fleet renewal schemes and the rollout of Euro 5 diesel vehicles have also become more common. Advanced logistics providers do implement advanced fuel management systems. This can measure idle times, braking and acceleration patterns, and coach drivers to eco-friendly habits to achieve 10-15% in fuel savings. The green evolution is helping to drive innovation in intermodal solutions further, with road freight and coastal shipping being more closely integrated for certain long-haul movements. This reduces wear and tear on the roads to minimize the environmental impact by decreasing carbon footprints, thereby allowing for more efficient use of infrastructure. Unprecedented national-level investment is transforming Vietnam's road freight market, making it more efficient and connected. Construction of the massive North-South Expressway is underway, comprising multiple high-capacity subprojects. The project will cut transit times between the nation's two largest economic centers greatly, with the initial sections expected to cut delivery times by as much as 30% compared to existing national highways. The road will put Vietnam in a better position in the global supply chain by allowing goods to be moved more easily from deep sea ports at Lach Huyen (Haiphong) and Cai Mep (Ba Ria-Vung Tau) to industrial manufacturing centers in the Red River and Mekong Deltas. Notably, a buoyant logistics real estate market emerges, as a wave of new Grade-A warehousing and distribution centers is created across each of these new corridors. This leap in infrastructure creates not only a major improvement in domestic freight but also in major international trade corridors such as the Southern Economic Corridor linking Ho Chi Minh City to Phnom Penh and Bangkok. This project also increases Vietnam's stature in regional overland trade. It attracts foreign direct investment to the logistics sector. Vietnam Road Freight Transport Market Industry Segmentation: Temperature Control Insights:
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Competitive Landscape: The competitive landscape of the industry has also been examined along with the profiles of the key players. Request Customization: https://www.imarcgroup.com/request?type=report&id=13321&flag=E Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization. About Us: IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research. Contact Us: IMARC Group 134 N 4th St. Brooklyn, NY 11249, USA Email: sales@imarcgroup.com Tel No:(D) +91 120 433 0800 United States: +1-201971-6302 | |