FedEx Express (FedEx), a prominent subsidiary of FedEx Corp. (NYSE: FDX) and one of the world’s leading express transportation companies, is taking a significant step to enhance its intercontinental services between Vietnam and Singapore, as well as other key markets in Asia, the Middle East, Africa (AMEA), and Europe. Starting October 31, 2023, FedEx will introduce a dedicated B767 freighter flight operating four evenings a week from Ho Chi Minh City, seamlessly connecting Asia and Europe through the FedEx Asia Pacific Hub in Guangzhou, China.
This initiative translates into expedited transit times for exporters shipping from Southern Vietnam – deliveries to Singapore and major Asian markets will take just one business day, and two business days to Europe*.
These new flights bring additional capacity to the table, supplementing the existing five flights to Asia, Europe, and the US, including four daily morning flights through the FedEx South Pacific Hub in Singapore and one evening flight through the Asia Pacific Hub. With a total of nine weekly flights departing from Ho Chi Minh City, FedEx remains committed to supporting businesses in capitalizing on the immense growth opportunities within the region.
The manufacturing hubs in Southeast Asia are evolving, diversifying their offerings to include higher-value goods and services. Multilateral free trade agreements like CPTPP and RCEP1 are strengthening regional ties, making Southeast Asia an increasingly vital trading partner on the global stage. The relationship between Vietnam and Singapore has grown significantly, especially in light of Southeast Asia’s prominence in the global economy. In 2022, bilateral trade between the two countries reached US$31.3 billion, with Singapore becoming Vietnam’s second-largest cumulative foreign investor, with investments totaling US$70.8 billion.
Kawal Preet, pesident of Asia Pacific, Middle East, and Africa region, FedEx Express, affirmed, “We are continuously transforming our air network to offer differentiated services for our customers. This includes expanding our capacity and creating faster connections to meet the growing demand. The rapid economic growth in Southeast Asia, with a projected 4.9% growth in 2024,4 exemplifies regional trends. Our enhanced service in Vietnam is a testament to our journey toward building a more flexible, efficient, and intelligent network to deliver an outstanding customer experience.”
Eric Tan, managing director of FedEx Express Singapore, echoed the sentiment, stating, “This service enhancement will bring numerous benefits to Singapore and Vietnam, strengthening the rich trade history between the two nations. FedEx is dedicated to fostering a robust and enduring interconnectedness between both countries by facilitating greater cross-border trade for businesses in these markets. We are thrilled about the opportunities these new flights will create for our customers seeking expansion.”
FedEx has been actively supporting cross-border trade to and from Vietnam since its establishment in the country in 1994. With the introduction of the new flight, local businesses catering to international customers stand to gain a competitive edge with accelerated delivery times. This latest announcement underscores the company’s unwavering dedication to enhancing services in Vietnam and fortifying operations across the AMEA region.