This was revealed by the company to the Dau Tu (Investment) newspaper. Located in Tan Binh District, the new facility will allow businesses in Viet Nam to take advantage of FedEx freight forwarding solutions and services to optimise their supply chains.

Udo Lange, the company’s Vice President and CEO, said the opening of the new office marked an important turning point for the company to continue to expand its scale and provide forwarding services to its customers.

He said FTN had a representative office in Viet Nam since 2009, adding that FTN’s legal entity in Viet Nam was FedEx Trade Networks Transport & Brokerage (Vietnam) Company Limited, established in May and providing services, including ocean and air international freight forwarding, customs brokerage, global order logistics and distribution and surface transportation, as well as trade advisory services and advanced e-commerce and trade facilitation solutions.

Viet Nam is a key market for FTN. With the establishment of the new office in HCM City, the company looks forward to continuing to provide customers in Viet Nam with in-market expertise and customised solutions for their diverse transportation and distribution needs, simplifying the international shipping process for companies operating in Viet Nam, Lange said.

According to the Asian Development Bank, the freight forwarding industry of Viet nam is expected to be worth US$1.4 billion in 2019. The market expansion of FTN will create many opportunities for investors who plan to do business in Viet Nam, as well as in the Asia-Pacific.

FTN joined FedEx group in 2000, and now has more than 140 offices in 29 countries and territories, of which 23 offices are located in the Asia-Pacific region. — VNS