FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE:FDX) and one of the world’s largest express transportationcompanies, is further enhancing its intercontinental servicesbetween Vietnam and Malaysia as well as other markets in Asia,Middle East, Africa (AMEA) and Europe, with the introduction of anew flight offering faster transit times.
Effective October 31, 2023, the new flight will use a dedicatedB767 freighter flying four evenings a week from Ho Chi Minh Cityconnecting Asia and Europe through the FedEx Asia Pacific Hub inGuangzhou, China. Exporters shipping from Southern Vietnam willbenefit from faster transit times for shipments to Malaysia andmajor Asian markets in just one business day and two business daysto Europe*.
These new flights offer additional capacity on top of the currentfive flights to Asia, Europe and the US -- four daily morningflights through the FedEx South Pacific Hub in Singapore and onecurrent evening flight through the Asia Pacific Hub. With a totalof nine weekly flights departing from Ho Chi Minh City, FedExcontinues to support businesses in tapping the huge growthpotential in the region.
Southeast Asia’s manufacturing hubs are growing and diversifying toinclude increasingly higher-value goods and services. Multilateralfree trade agreements like CPTPP and RCEP are creating close-knitties that are helping make the region an increasingly importanttrading partner.
“We continue to transform our air network to offer differentiatedservice for our customers and that includes building capacity andcreating faster connections to meet demand,” said Kawal Preet,president of Asia Pacific, Middle East, and Africa region, FedExExpress. “The Tiger Economies of Southeast Asia continue to grow atan accelerated pace, with a forecast of 4.9% growth in2024. Whatwe see happening in Vietnam is a great example of these regionaltrends. Our enhanced service in Vietnam is part of our journey tobuild a more flexible, efficient, and intelligent network anddeliver an outstanding customer experience.”
“The improved transit time from Vietnam to Malaysia will encouragemore trade between the two markets,” said Tien Long Woon, managingdirector of FedEx Express Malaysia. “This is crucial consideringthe growing trade between the two countries, which reached USD19.44billion in 2022, making Vietnam the tenth-largest trading partnerof Malaysia. This service enhancement is part of our continuousefforts to provide Malaysian businesses with differentiatedsolutions that enable them to expand to more overseas markets.”
FedEx has been supporting cross-border trade to and from Vietnamsince it established operations in the country in 1994. With thenew flight, local businesses serving international customers maygain a competitive edge with expedited delivery times. This latestannouncement underscores the company’s dedication to improvingservices in Vietnam and strengthening operations across the AMEAregion.
