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The full spectrum of order processing and logistical services offered by a third-party business to store, handle, and distribute goods on behalf of another company is referred to as warehousing. Storage, inventory control, picking and packing, shipping, handling returns, and customer support are common warehousing services.
The surge sales of products from e-commerce channels like Amazon (NASDAQ: AMZN) favoured the Vietnam warehousing market growth in recent years. Modern warehouses in strategic economic zones have been built due to significant investments made by large logistics corporations.
Vietnam boasted 850,000 square metres of warehouse space in 2023; this amount has since grown, allowing enterprises to efficiently store and handle inventories. Vietnamese fulfilment companies with years of experience provide cutting-edge software, state-of-the-art warehousing facilities, and comprehensive fulfilment solutions designed for international companies. The expansion of production facilities further contributes to the market growth.
Increasing attempts by key players to provide superior logistics services to clients are favouring the market. For instance, in September 2023, French contract logistics operator FM Logistic strengthened its omnichannel fulfilment capabilities with the establishment of its multi-client facility in Binh Duong, Vietnam. Constructed by NG Concept, FM Logistic's sister company in real estate, the warehouse offers state-of-the-art handling, warehousing, co-packing, distribution, and e-commerce services, which is situated 43 km from the city centre of Ho Chi Minh City.
The multi-client facility is designed to accommodate several clients at once and adjust its resources and space based on changes in demand. The facility enables FM Logistic clients to grow inside the same space while scaling their operations, due to its three phases of construction.
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The major players in the Vietnam warehousing market are Sumitomo Warehouse (Vietnam) Co., Ltd., Fnm Shipping Vietnam, Yusen Logistics Co., Ltd., and Vinatech Group, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Types |
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Breakup by Ownership |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124