BEIJING -– FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX), launched a new flight to and from Hanoi four times a week (Tuesday to Friday). This new dedicated flight will improve the transit time for outbound shipments from Hanoi by one business day to multiple destinations, including China. This is part of the company’s commitment to launch service enhancements that enable FedEx to be more responsive to the needs of its customers in Vietnam and the Asia Pacific region.
“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.“
FedEx has been investing significantly in its operations in Vietnam since diplomatic relations with the US 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 USD 5.554 billion. With the new service enhancement in Vietnam, FedEx will enable China customers to access goods from Vietnam even faster.
FedEx currently operates around ten flights per week, connecting Vietnam with its major trading partners – the U.S., the EU, Japan, China and other markets in Asia.