Vietnam Freight Transport and Shipping Report Q4 2017
Vietnamese freight and shipping is poised for robust growth, particularly in road and shipping freight volumes, underpinned by the country's positive macroeconomic outlook, strengthening regional integration and increasing trade of manufactured goods. The continuance of the negotiations for a free trade deal between the EU and Vietnam also holds potential for a further improvement of the country's trade activity. The country is embarking on investment plans in order to improve the infrastructure of its ports, roads and rail; however, capacity limitations are less of a concern than operational inefficiency.
Key Updates And Forecasts
We forecast total road freight volumes will rise by 16% in 2017 to reach 1.15bn tonnes and 2018 growth will be 9.1%.
We forecast total rail freight volumes will grow by 3.4% in 2017 to reach 5.4mn tonnes. 2018 growth will also be 3.6%