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.
Maribeth Espinosa, managing director of FedEx Express Philippines, said: The improved transit time from Vietnam to the Philippines will support the growth in trade volumes between both markets. With the ratification of RCEP, we anticipate increased investments within the world’s largest free trade area, stimulating economic growth in Southeast Asia.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.”
