Vietnam Freight Transport and Shipping Report - Business Monitor International - Industry Reports

Vietnam Freight Transport and Shipping Report

Vietnam Freight Transport and Shipping Report - Business Monitor International - Industry Reports
Vietnam Freight Transport and Shipping Report
Published Aug 06, 2016
46 pages — Published Aug 06, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

< ALACRA META ABSTRACT>BMI View: Despite a moderate downgrade to Vietnam s real GDP growth forecast, we maintain a positive outlook on the country s trade growth prospects, which will provide a boost to volumes transported by the freight transport sector. Growth will be bolstered by the Trans-Pacific Partnership (TPP) and a host of other free trade deals being agreed to by the country. ...This will be supported by strong FDI flows and the low oil price environment. The dilapidated nature of the Vietnamese rail freight sector and a lack of private investment into the country s mining sector will be the primary constraints on growth in ---- and over our medium-term forecast period to ----. Further ahead, the outlook is brighter, as investment is made into the network and links are developed between Vietnamese ports and landlocked Laos. ...The outlook for the Vietnamese shipping sector is strong as the country emerges as a major south-east Asian manufacturing hub. However, more must be done to develop new facilities and encourage shippers to use all facilities already existing, given the issues with congestion the port of Ho Chi Minh has struggled with.

...The US and EU markets account for a total of about -- of Vietnamese exports. ...The US and EU markets account for a total of about -- of Vietnamese exports. In the first nine months of ----, the US received --.- of Vietnamese exports and with the US economy continuing its recovery amid a healing labour market and weak global oil prices, demand for Vietnamese goods, particularly textiles and garments, will remain enhanced. While the US economy appears to be back on its feet, the regional economic slowdown in Vietnam s other key trading partners, particularly China, Japan and South Korea, could act as a drag on Vietnamese exports. ...These developments will particularly stimulate growth in road freight, as consumer imports tend to be transported on trucks. In nominal terms, we forecast that total trade volumes in ---- will expand by -.- , to USD---.-bn.

...Trade growth in Vietnam in ---- and over our medium-term forecast period to ---- will be strong, supported by a bright outlook for the economy as a whole. Although we have recently downgraded our growth forecast for the country, it remains robust nevertheless and this will support increasing volumes transported by the country s increasingly important freight transport sector. ...Although we have recently downgraded our growth forecast for the country, it remains robust nevertheless and this will support increasing volumes transported by the country s increasingly important freight transport sector. According to the real GDP estimate released by the General Statistics Office of Vietnam (GSO), the Vietnamese economy slowed considerably to -.- y-o-y in Q---, as compared with the -.- growth figure reported in the previous quarter. This was largely due to a -.- y-o-y contraction in the agricultural sector and a -.- decline in the mining and quarrying sector. ...

  
Source:
Document ID
2397-3544
Country
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Vietnam Freight Transport and Shipping Report" Aug 06, 2016. Alacra Store. Dec 02, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Vietnam-Freight-Transport-and-Shipping-Report-2026-1924>
  
APA:
Business Monitor International - Industry Reports. (2016). Vietnam Freight Transport and Shipping Report Aug 06, 2016. New York, NY: Alacra Store. Retrieved Dec 02, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Vietnam-Freight-Transport-and-Shipping-Report-2026-1924>
  
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