Vietnam Shipping Report

Published 20 July 2015

  • 109 pages
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$1,295.00
Vietnam Shipping Report

BMI View: We continue to be optimistic towards the Vietnamese shipping industry this quarter, with the port of Ho Chi Minh City and Da Nang both poised to register double-digit container throughput growth in 2015 (10.83% and 12.18% respectively). Tonnage throughput, meanwhile, will also perform strongly over the course of 2015.

The Vietnamese economy will remain on a strong growth trajectory over the coming years on the back of continued export resilience and ongoing reform measures by the government to shore up the country's business environment, factors that are welcome news to the country's shipping industry going forward. As such, we maintain our forecast for real GDP growth to accelerate to 6.4% in 2015 from 6.0% in 2014, and for the economy to grow in excess of 6.0% in real terms over the coming years.

The strong growth showing in H1 2015 owes in large part to continued export resilience despite cooling regional demand, particularly from China and Japan. According to the General Statistics Office (GSO), export growth came in at 9.6% y-o-y in H1 2015, and while this marked a moderation from last year, it was nevertheless a respectable rate of expansion, which is reflected in our healthy shipping forecasts over the short and medium term.

The strong orientation of Vietnamese goods to the recovering US economy will continue to lend a measure of support. As such, we expect Vietnam's export sector to be more shielded from regional weakness relative to its neighbouring peers like the Philippines and Thailand, which will in turn sustain the country's robust economic growth momentum.

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 7.48% to 6.47mn tonnes.

  • 2015 container throughput at the port of Ho Chi Minh City is forecast to rise 10.83% to 5.26mn twenty-foot equivalent units (TEUs).

  • 2015 container throughput at...

BMI Industry View
7
SWOT
10
Shipping
10
Political
13
Economic
14
Operational Risk
16
Industry Forecast
18
Port Of Ho Chi Minh City Throughput
18
Table: Major Ports Data (Vietnam 2012-2019)
24
Table: Trade Overview (Vietnam 2012-2019)
25
Table: Key Trade Indicators (Vietnam 2012-2019)
26
Table: Top Import Destinations, 2006-2013
27
Table: Top Export Destinations, 2006-2013
28
Market Overview
29
Vietnam Container Shipping Market Overview
29
Company Profile
39
Vietnam Petroleum Transport Company (VIPCO)
39
Vietnam National Shipping Lines (Vinalines)
42
Shipping - Global Industry View
47
Container Shipping: Three Key Themes
47
Table: Major Beneficiaries
47
Table: Order Book For New Mega Vessel Class
49
Table: Vessel Capacity By Trade Route
52
Global Company Strategy
54
Maersk Line
54
Mediterranean Shipping Company (MSC)
66
CMA CGM
73
Evergreen Line
84
COSCO Container Lines Company (COSCON)
92
Macroeconomic Forecasts
99
Economic Analysis
99
Table: Economic Activity (Vietnam 2010-2019)
104
Demographic Forecast
105
Table: Population Headline Indicators (Vietnam 1990-2025)
106
Table: Key Population Ratios (Vietnam 1990-2025)
106
Table: Urban/Rural Population & Life Expectancy (Vietnam 1990-2025)
107
Table: Population By Age Group (Vietnam 1990-2025)
107
Table: Population By Age Group % (Vietnam 1990-2025)
108

The Vietnam Shipping Report has been researched at source and features latest-available data and BMI Research'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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