Postal industry – The e-commerce market is a 'delicious cake,' but not easy to 'eat'
- Postal enterprises are undergoing a transformation from traditional delivery (letters, newspapers) to logistics services (packet delivery and warehousing). The rapid development of E-commerce is the driving force behind the recent growth in the postal industry.
- According to projections by Allied Market Research, the express postal market in Vietnam is expected to achieve a CAGR of 24% during the period 2022–2030, with an estimated value of VND 115 trillion VND by 2030. The growth momentum stems from the high demand for transporting E-commerce goods.
- Due to low entry barriers, domestic postal enterprises face challenges in the presence of foreign-invested transportation companies. The competition will remain diverse, with companies not only competing on price but also racing in terms of value chain and technology
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