Freight transportation is one of the important activities in business. It helps companies deliver their products to customers quickly and safely. So what will the future of companies providing domestic and international freight transportation services be like? Let's find out through the following data!
Analysis of the freight transportation industry in Vietnam
Revenue of the e-commerce market in Vietnam during the period 2014 - 2022
Determine the trend of the chart
Looking at the chart, we can see that the demand for shopping on e-commerce websites, online shopping by users has continuously increased over the years, with the strongest increase being in the period from 2018-2022.
Specifically, the revenue in the e-commerce market in Vietnam nearly doubled from 2018 to 2022, increasing from 8 to 16.4 billion US dollars.
What are the causes of this trend?
The reasons for the continuous increase in revenue on e-commerce platforms are as follows:
The development of information technology and telecommunications
The development of information technology and telecommunications has made online shopping easier and more convenient. Consumers can easily access e-commerce websites to search for and purchase products both domestically and internationally.
The development of e-commerce platforms
E-commerce platforms have contributed to promoting the development of e-commerce in Vietnam. E-commerce platforms provide a reputable and convenient online transaction platform for both buyers and sellers.
The explosion of international e-commerce
Cross-border e-commerce is increasingly developing strongly in Vietnam. Vietnamese consumers can easily purchase products from countries around the world through foreign e-commerce websites.
The development of logistics
Logistics is an important factor in e-commerce. The development of logistics will help make goods transportation faster and more convenient, thereby contributing to promoting the development of e-commerce.
In addition, the Covid pandemic period from 2019-2021 also contributed to people shopping for goods online rather than in person.
Predicting future changes based on the chart
Based on the chart and the current economic situation, we can predict that the revenue of the e-commerce industry will continue to grow strongly in the future.
Volume of goods transported by sea in Vietnam
Determine the trend of the chart
Based on the chart, we can see that the volume of goods transported internationally by sea to Vietnam continuously accounts for a high proportion compared to domestic sea transportation.
What are the causes of this trend?
The fact that the volume of goods transported internationally by sea to Vietnam continuously accounts for a high proportion compared to domestic sea transportation may be because:
- Vietnam is located in Southeast Asia, a country with a coastline of 3,260km. This creates favorable conditions for transporting goods by sea from countries around the world to Vietnam.
- Transporting goods from abroad by sea will be cheaper than by air or road.
Predicting future changes based on the chart
Domestic transportation companies should expand their services for transporting goods from abroad to Vietnam and vice versa to serve the large needs of users in Vietnam.
Proportion of transportation and transportation methods for goods transport in Vietnam in 2021
Determine the trend of the chart
Looking at the chart, we can see that the volume of goods transported by road is the highest, followed by sea, waterway, air, and railway respectively.
What are the causes of this trend?
Domestic road transportation still accounts for a large proportion because road transport is fast, cheap, and preferred by many people. Meanwhile, air transportation is mainly for high-value goods or short-shelf-life products such as food, phones, computers...
What does this chart indicate?
If you want to invest in opening companies providing freight transportation services, you should expand domestic road transportation means and maritime services for international goods transport.
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