Vietnam Shipping Report

Published 12 February 2015

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Vietnam Shipping Report

We continue to be optimistic towards the Vietnamese shipping industry this quarter, with forecasts unchanged from Q2 2015. Leading the way in terms of the highest rate of year-on-year (y-o-y) container throughput will be the port of Da Nang (10.0%), while the port of Ho Chi Minh City is anticipated to see y-o-y tonnage throughput growth of 7.61%, beating the port of Da Nang's forecast.

Underpinning this impressive growth is growth in exports. Indeed, total export turnover in Hanoi, the capital city of Vietnam, increased 4.3% y-o-y in Q1 2015 to USD2.67bn. Total sales of goods and services in the reported period rose 11.9% to VND442trn (USD21bn), while retail sales increased 11.7% to over VND104trn (USD4.9bn).

The key exports in the reported quarter included textiles and garments, processed agri-products and electronics with the major markets being Japan, China, ASEAN nations and the US. Overall export turnover in Vietnam for Q1 2015 stood at USD35.7bn, a rise of 6.9% y-o-y compared with the same period in the previous year (VNA/Intellasia).

Headline Industry Data

  • 2015 tonnage throughput at the port of Ho Chi Minh City is forecast to grow 7.61% to 45.06mn tonnes.

  • 2015 tonnage throughput at the port of Da Nang is forecast to increase 6.50% to 5.71mn tonnes.

  • 2015 container throughput at the port of Ho Chi Minh City is forecast to rise 8.0% to 4.99mn twenty-foot equivalent units (TEUs).

  • 2015 container throughput at the port of Da Nang is forecast to increase 10.00% to 206,320TEUs.

  • 2015 total trade real growth is forecast to increase 6.65%.

Key Industry Trends

Vinalines To Offload All State Shares At Quang Ninh Port - Vietnam National Shipping Lines (Vinalines) is planning to sell all state shares of Quang Ninh Port in Vietnam, reports Vietnamnet Bridge. The port's value is estimated at VND622bn (USD29.13mn) with state capital making up VND500bn (USD23.42mn). This share sale plan has come on the back of Vinalines successfully getting the government's...

Table of Contents

BMI Industry View
7
SWOT
10
Shipping
10
Political
13
Economic
14
Business Environment
15
Industry Forecast
16
Port Of Ho Chi Minh City Throughput
16
Table: Major Ports Data (Vietnam 2011-2018)
20
Table: Trade Overview (Vietnam 2011-2018)
21
Table: Key Trade Indicators (Vietnam 2011-2018)
21
Table: Top Import Desinations, 2004-2012
23
Table: Top Export Destinations, 2004-2012
24
Market Overview
25
Vietnam Container Shipping Market Overview
25
Industry Trends And Developments
34
Company Profile
36
Vietnam Petroleum Transport Company (VIPCO)
36
Vietnam National Shipping Lines (Vinalines)
38
Shipping - Global Industry View
42
Container Demand:
42
Container Supply:
49
Container Rates:
55
Global Company Strategy
59
Maersk Line
59
Mediterranean Shipping Company (MSC)
72
CMA CGM
77
Evergreen Line
87
COSCO Container Lines Company (COSCON)
94
Macroeconomic Forecasts
101
Table: Vietnam - Economic Activity
104
Demographic Forecast
105
Table: Vietnam's Population By Age Group, 1990-2020 ('000)
106
Table: Vietnam's Population By Age Group, 1990-2020 (% of total)
107
Table: Vietnam's Key Population Ratios, 1990-2020
108
Table: Vietnam's Rural And Urban Population, 1990-2020
108

The Vietnam Shipping Report has been researched at source and features latest-available data and Business Monitor International (BMI)'s independent forecasting, critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop, alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news, trends and regulatory developments in Vietnam.

BMI's Vietnam Shipping Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in Vietnam.

Key Benefits

  • Benchmark BMI's independent shipping industry forecasts for Vietnam to test other views - a key input for successful budgeting and strategic business planning in the Vietnamese shipping market.
  • Target business opportunities and risks in Vietnam through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
  • Exploit the latest competitive intelligence and company SWOTS on your competitors and peers including multinational and national companies.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering shipping, major investments and projects and significant multinational and national company developments.

SWOT Analysis

SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis of the state's shipping sector, which carefully evaluates the short- and medium-term issues facing the industry.

Market Overview

Analysis of the capacity, terminals and planned development of the major ports in each country, including data on throughput and total tonnage.

Industry Forecast Scenario

Historic data series (2008-2012) and forecasts to end-2018 for all key industry and macroeconomic indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

Major port freight throughput (tonnes/teu); overall freight throughput (teu); total imports (US$bn) and exports (US$bn).

Company Profiles

Company profiles include business activities, leading products and services, company strategy, trends and developments and economic performance analysis.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc