06:01 (GMT +7) - Monday 23/10/2017

Business

FedEx Trade Networks opens new HCMC office

Released at: 19:24, 28/09/2017

FedEx Trade Networks opens new HCMC office

Photo: FTN Vietnam

New office reinforces company's commitment to Vietnam's freight forwarding market.

by Khanh Chi

FedEx Trade Networks, the integrated international freight forwarding arm of the FedEx Corporation, has officially announced the opening of a Ho Chi Minh City office in Tan Binh district.

The opening marks a decisive step in the company’s continued expansion to provide customers with freight forwarding solutions wherever they do business.

While FedEx Trade Networks has operated in Vietnam via a representative office since 2009, a new, wholly-owned subsidiary opened on May 3 to better serve the business community during this time of economic progress in the country.

“Vietnam is a very important market for FedEx Trade Networks,” said Mr. Udo Lange, Executive Vice President and COO. “The previous success of our representative office illustrated the need and opportunity in Vietnam, and we expect continued growth, with our Ho Chi Minh City location providing solutions to help simplify international shipping for companies doing business in Vietnam.”

The Asian Development Bank is predicting 6.2 per cent economic growth in 2017 for Vietnam, aided in part by the growing investment in the manufacturing sector.

Freight forwarding is also on the rise in the country, expected to grow to $1.4 billion by 2019, according to the Global Logistics 2017 report released by Transport Intelligence. The expanding market and onsite support of the FedEx Trade Networks office provide tremendous opportunities for customers seeking to conduct business in Vietnam and throughout the Asia-Pacific region.

FedEx Trade Networks connects 95 per cent of the world’s GDP with a comprehensive suite of solutions. The company’s network of worldwide locations and alliances enables it to help customers of all sizes build solutions to fit their shipping needs, specializing in air and ocean freight forwarding, customs brokerage, and other trade facilitation services.

FedEx Trade Networks provides customers the global reach and local expertise to help optimize their supply chains, all while being backed by the reliability of the FedEx brand.

User comment (0)

Send comment