FedEx Launches New Vietnam Service that Improves Transit to the Philippines by One Day
FedEx Express (FedEx), a subsidiary of
FedEx Corp. (NYSE: FDX) and one of the world’s largest express transportation
companies, is further enhancing its intercontinental services between Vietnam
and the Philippines as well as other markets in Asia, Middle East, Africa
(AMEA) and Europe, with the introduction of a new flight offering faster
transit times.
Effective October 31, 2023, the new flight
will use a dedicated B767 freighter flying four evenings a week from Ho Chi
Minh City connecting Asia and Europe through the FedEx Asia Pacific Hub in
Guangzhou, China. Exporters shipping from Southern Vietnam will benefit from faster
transit times for shipments to the Philippines and major Asian markets in just
one business day, and two business days to Europe*.
These new flights offer additional capacity on top of the current five flights to Asia, Europe and the US -- four daily morning flights through the FedEx South Pacific Hub in Singapore and one current evening flight through the Asia Pacific Hub. With a total of nine weekly flights departing from Ho Chi Minh City, FedEx continues to support businesses in tapping the huge growth potential in the region.
Southeast Asia’s manufacturing hubs are growing and diversifying to include increasingly higher-value goods and services. Multilateral free trade agreements like CPTPP and RCEP are creating close-knit ties that are helping make the region an increasingly important trading partner.
“In 2022, trade between the Philippines and Vietnam reached USD 7.8 billion, a 14.7
percent increase from the previous year. Combined with the projected revenue growth of e-commerce in
Southeast Asia, the role of logistics in enabling intra-Asia trade becomes even
more pronounced. The continuous rollout of enhanced and differentiated FedEx solutions
will enable Philippine businesses to access more import and export opportunities.”
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