FedEx strengthens presence in Vietnam
FedEx Express has launched a new flight to and from Hanoi four times a week. This flight will improve the transit time for outbound shipments from Hanoi by one business day to multiple destinations, including China.
This will enable FedEx to be more responsive to the needs of its customers in Vietnam and the Asia Pacific region, the company said.
“Vietnam has demonstrated strong growth over 2010. Export turnover in the first nine months rose 23.2% year-on-year,” said David L. Cunningham Jr., president, FedEx Express Asia Pacific.
“The new service enhancement is another testament to FedEx efforts to provide time-definite and reliable services for customers in Vietnam, and to help them enhance their competitiveness across the Asia Pacific region,” Cunningham added.
FedEx has been investing in its operations in Vietnam since diplomatic relations with the USA were re-established in 1994. FedEx is the first international express transportation company to have it own flights flying into and out of Vietnam.
In 2008, FedEx launched an Airbus 310 flight service linking Vietnam and global markets, which increased the company’s transportation capacity into and out of Vietnam five-fold, to more than 30,000kg a day.
In recent years, the international business between China and Vietnam has developed rapidly. China has become Vietnam’s biggest trading partner for the past six years. In the first quarter of 2010, trade volume between the two countries increased 47.6%, reaching $5.55bn.
FedEx currently operates around ten flights per week, connecting Vietnam with its major trading partners – the US, the EU, Japan, China and other markets in Asia.
