Market Overview:
Vietnam’s government is putting a lot of money into making the pharmaceutical industry better and building a pharmaceutical industry that meets international standards so that it can meet its customers’ needs. Even though the government is trying to help, many domestic pharmaceutical companies don’t have enough resources to stay in business. This gives foreign multinational companies (MNCs) more chances to make drugs. Due to the effects of COVID-19 on the global economy and the ongoing trade uncertainty with China, developing countries like Vietnam are a good place for foreign MNCs to expand and protect their operations by giving them opportunities for long-term growth. There are a lot of domestic express delivery companies in Vietnam, and they are always seeing huge growth because they are investing in modern technology to meet the growing demand for E-commerce delivery of goods.
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Express delivery services have been used a lot in important areas like food and drink, healthcare, and transportation. Over the years, the number of Vietnamese customers who want items to be delivered the same day or at most within a day has grown. The healthcare sector is where it’s being used the most. In health care, setting priorities right can save lives and make people happier. There must be access to high-tech medical tools, and people must be able to work all day, every day of the year. It is important to get important samples and medicines to where they need to go on time and without changing in the process. In the healthcare industry, there are high expectations for quality, availability, accuracy, and keeping costs under control. The same is true for logistics solutions. So, the growth of the Vietnam express delivery services market is likely to be affected by the things we’ve talked about so far. To stop the spread of the pandemic, international delivery flights have been cancelled and travel has been banned. This has slowed down express delivery services a lot. Because of the pandemic, less mail and packages have been sent. But the number of e-commerce packages is going up because more and more people are shopping online. During the COVID-19 outbreak, it is likely that the delivery of daily necessities and e-commerce will have a positive effect on the express delivery services industry in Vietnam.
Impact of COVID-19 Pandemic on Vietnam Express Delivery Services Market
The spread of the COVID-19 virus across Vietnam, which led to lockdowns, has led experts in the industry to say that it will take at least a quarter of a year before the industry can offer express delivery services. This problem is expected to cause tremors until the middle of 2021. As the Vietnam government slowly lifts different measures to slow down the economy, it is likely that express delivery of packages and electronics will speed up soon. Because of cancellations of flights for international delivery and travel bans to stop the spread of the pandemic, express delivery services have slowed down a lot. Because of the pandemic, less mail and packages have been sent. But the number of e-commerce packages is going up because more and more people are shopping online. During the COVID-19 outbreak, it is likely that the delivery of daily necessities and e-commerce will have a positive effect on the express delivery services industry in Vietnam. During the pandemic, the country’s B2B express delivery services slowed down and stopped. On the other hand, B2C services are growing, thanks to the huge growth of the online retail and e-commerce industry. Also, the disruptions in the supply chain and logistics have had a big effect on how fast different delivery services, both domestic and international, can get things done.
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Vietnam express delivery service market is segmented as follows
By Destination
- International
- Domestic
By Business Type
- Business-to-Business
- Business-to-Consumer
By End-user
- BFSI
- Automotive
- Pharmaceuticals
- IT & Telecom
- Electronics
- Retail & E-commerce
- Others
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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