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 Thailand 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 Thailand 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 to make the region an increasingly important trading partner.
"We continue to transform our air network to offer differentiated service for our customers and that includes building capacity and creating faster connections to meet demand," said Kawal Preet, president of Asia Pacific, Middle East, and Africa region, FedEx Express. "The Tiger Economies of Southeast Asia continue to grow at an accelerated pace, with a forecast of 4.9% growth in 2024. What we are seeing happening in Vietnam is a great example of these regional trends. Our enhanced service in Vietnam is part of our journey to build a more flexible, efficient, and intelligent network and deliver an outstanding customer experience."
"Thailand is the largest trade partner and export market for Vietnam among ASEAN markets. Both are dynamic economies that can benefit from reliable connections to support Thai businesses build resilient regional supply chain and production networks," said Tien-Long Woon, managing director of FedEx Express Thailand and Malaysia.
The service enhancement supports the ongoing efforts of Thailand and Vietnam to promote bilateral trade with potential to reach THB 918 billion by 2025 . In 2022, trade value between Thailand and Vietnam amounted to THB 778.4 billion, up by 8.7 percent from 2021, indicating strong growth opportunities between both countries.
FedEx has been supporting cross-border trade to and from Vietnam since it established operations in the country in 1994. With the new flight, local businesses serving international customers will gain a competitive edge with expedited delivery times. This latest announcement underscores the company's dedication to improving services in Vietnam and strengthening operations across the AMEA region.
Source: weber shandwick Thailand