return icon Vietnamnet.vn

Big players compete for $5 billion 'fast-delivery' market

Freight-forwarding companies have been expanding their networks to shorten delivery time amid stiff competition.

Nguyen Thu Hao, accountant for a construction company in Hanoi, wanted to send documents to the branch in HCM City. After a call, staff of a delivery company turned up to get the documents, which reached the HCM City branch the same day. Hao often uses fast delivery services to send food and fruit to her friends and partners in HCM City. 

The competition in the fast delivery market is fierce as service providers are racing to shorten delivery time and reduce charges. A service provider said that clients can receive parcels within 30 minutes. Another company charges VND15,500 per bill, which is much lower than average.

At present, Vietnam Post, Viettel Post, Nhat Tin, Kerry Express, Nasco, Ninja Van, GHN, Best Express, Swift 247, GHTK, and J&T Express are big names in the fast delivery market.

Some of them cooperate with partners to deliver goods more quickly. EMS Vietnam, for example, joined Grab to provide super-fast service. Best Express cooperates with Swift 247, and Lazada Logistics with Selex Motors to offer 100 electric motorbikes by the end of 2023.

Nguyen Ngoc Dung from Vecom (Vietnam E-commerce Association) said that sellers and buyers don’t meet face to face to make transactions so effective delivery is the decisive factor that creates  customer confidence.

A report from Allied Market Research found that Vietnamese consumers are most frequent shoppers in Southeast Asia. E-commerce has developed because of the young population, high internet users and high percentage of smartphone users.

The number of online shoppers accounts for 55 percent of the population and the average spending is expected to reach $600 by 2025. 

Vietnam’s fast delivery service market was valued at $0.71 billion by 2021, and is expected to reach $4.88 billion by 2030.

Duy Vu

MORE NEWS

Artificial intelligence programs can't replace human: Experts

With limited data resources and reliance on the will of programmers, AI-powered applications such as ChatGPT can give incorrect answers to user queries.

Despite decelerating, phone exports still have long-term prospects

Phones and components achieved an export turnover of US$57.9 billion last year, a year-on-year increase of only 0.8 per cent.

Hopes gaining ground for 5G commercialisation in 2023

With 5G commercialisation in the gun barrel for 2023, the road for tech players to expand in the market is around the corner, but more favourable conditions may be required to make the most of the situation.

HCM City to launch appropriate programs, policies to attract young talents

The Pham Ngoc Thach University of Medicine in HCM City on February 6 held a talk on seeking solutions for supporting and developing young talents and future leaders and implementing program 01 of the municipal Party Committee.

Admiring the tranquil beauty of the holy land

Located in Chuong My District of Hanoi, the ancient Tram Gian Pagoda has been known far and wide for its long history and beauty.

Central bank not tighten real estate credit: Deputy Governor

The State Bank of Vietnam (SBV) has never issued any documents or statements ordering credit for real estate be tightened, Deputy Governor Dao Minh Tu said on February 8.

Vietnamese Prime Minister starts official visit to Singapore

Prime Minister Pham Minh Chinh, his spouse, and a high-ranking Vietnamese delegation arrived in Changi Airport on February 8 afternoon, starting a three-day official visit to Singapore.

Businesses discuss ways to overcome challenges in 2023

Warned that uncertainties will still exist in 2023, businesses need to prepare well to weather the storm.

Vietnam's bond market remains quiet this year

The scale of debt in the corporate bond market is less than 15 per cent of GDP.

Organ trafficking in Vietnam driven by high demand, low rate of donation: experts

A conference on organ donation registration and the prevention of human organ and tissue trafficking was held on Monday.

VCCI proposes allowing businesses to set fuel retail prices

The Vietnam Chamber of Commerce and Industry (VCCI) has written to the Government suggesting fuel retail prices be decided by businesses based on supply and demand to prevent fuel shortages.

VIETNAM NEWS HEADLINES FEBRUARY 8/2023

Vietnam puts children at centre of development policies, strategies: Ambassador

Gov’t issues action plan to realize Hanoi’s development vision until 2045

The Government has issued an action plan to realize Politburo’s resolution on the objectives for Hanoi’s development until 2030, with a vision to 2045.

Commercial sidewalk use may be charged by HCMC authorities

HCMC is planning to allow the paid use of sidewalks for commercial purposes such as vending goods or parking if these business activities leave a space of at least 1.5 meters wide for pedestrians.

CAAV advises caution when buying air tickets

The Civil Aviation Authority of Viet Nam (CAAV) has received feedback on the fact that passengers have to buy air tickets higher than the specified prices on domestic routes, especially during the peak of the Lunar New Year (Tet).
back_to_top