Business Monitor International


Vietnam Shipping Report

Published 07 May 2014

  • 113 pages
 
$1,295.00
Vietnam Shipping Report

Latest GDP figures show that the Vietnamese economy grew by 5.0% year-on-year ( y-o-y ) in Q1 20 14, and we believe that our 2014 real GDP growth forecast of 5.9% remains in sight. Indeed, we believe that increased macroeconomic stability, combined with pro-growth policies will help the economy accelerate from 2013 levels. Key downside risks to this view include a faster-tha n-anticipated slowdown in China, as well as the stalling of the country's reform drive. With China being Vietnam's second top export partner, behind the US, such a slowdown would have a detrimental effect on Vietnam's shipping industry.

We believe that the economy will be driven by a strengthening of private consumption, continued foreign direct investment into key areas of the economy, a more robust external sector, and a rebound in manufacturing activity over the coming quarters. That said, trend growth for the Vietnamese economy will average a slower 6.2% over the next decade, compared to 6.5% recorded in the past 10 years. Government policies aimed at promoting balanced economic growth, improving the stability of the banking system, diversifying exports, attracting foreign investment and attracting investment in infrastructure bode well for the economic outlook.

The Port of Ho Chi Minh City will remain by far and away Vietnam's outperformer in terms of total tonnage throughput (we forecast some 41.22mn tonnes will be handled by the facility by the end of 2014), however it is the Port of Da Nang that will see the largest y-o-y growth this year (7.00% compared with a forecast 6.06% at Ho Chi Minh City). These forecasts once again remain unchanged from the last quarter.

Headline Industry Data

  • 2014 tonnage throughput at the Port of Ho Chi Minh City is forecast to grow 6.06% to 41.22mn tonnes.

  • 2014 tonnage throughput at the Port of Da Nang is forecast to increase 7.00% to 5.36mn tonnes.

  • 2014 container throughput at the Port of Ho Chi Minh City is forecast to rise 10.00% to 4.62mn...

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

Executive Summary

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-2017 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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