H
ONG KONG, July 25, 2018 — FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, is enhancing its services into and out of the Vietnamese capital, Hanoi, with the introduction of a new flight connecting the city to the FedEx APAC Hub in Guangzhou, China. This new route will significantly improve transit times for all inbound flights to Hanoi, and enable next-business-day delivery within Asia for the first time.
This new route will use a dedicated B-757 freighter flying four times a week to and from Hanoi. Vietnam exporters shipping from Hanoi will benefit from the best transit time for shipments to major business centers in Asia, including China, Singapore, Malaysia and the Philippines, in just one business day. Shipments to Europe and North America will arrive in two business days. For all shipments to Hanoi, transit times are reduced by one business day. Shipments from Europe will reach Hanoi in two business days, and shipments from North America arriving in three business days.
“FedEx has been serving Vietnam since 1994 and was the first international express transportation company to operate its own flights into and out of the country,” said Karen Reddington, president, Asia Pacific, FedEx Express. “Today, Vietnam is one of the world’s fastest growing economies. We are seeing the rapid development of manufacturing and high-tech industries, a surge in e-commerce, and a growing demand for healthcare services and products. The service enhancements delivered with this new flight will support the further development of businesses in Vietnam by giving them better, faster access to global markets.”
Recent research[1] commissioned by FedEx found that 58% of Vietnam’s small and medium sized enterprises (SMEs) are exporting to markets in the Asia Pacific region and 80% were exporting to markets beyond. The USA, China, India and the main European markets are the top export destinations. SME leaders are optimistic for the continued growth of exports and support from logistics partners is a key factor in this growth.
To meet the dynamic market needs, FedEx continually adjusts its network and routings in Asia Pacific. In April, FedEx announced a new route connecting the FedEx APAC Hub in Guangzhou and the FedEx World Hub in Memphis. In January, FedEx officially opened its Shanghai International Express and Cargo Hub, the second international hub in China.
[1] “Global is the New Local: The Changing International Trade Patterns of Small Businesses in Asia Pacific” a commissioned research study conducted by Harris Interactive on behalf of FedEx, July 2018