Opening the door to more import opportunities to meet the needs of different industries
Mumbai, India, November 1, 2023 – 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 India, with the introduction of a new flight service that offers faster transit time.
Effective October 31, 2023, the new flight service will use a dedicated B767 freighter flying four evenings a week from Ho Chi Minh City in Vietnam, improving transit time by one business day for importers in India. With a total of nine weekly flights now departing from Ho Chi Minh City, shipments will now reach India within two business days*.
This enhancement from FedEx will help businesses in India benefit from Vietnam’s status as a growing manufacturing hub. Currently, India stands as one of Vietnam’s top eight trading partners, and the bilateral trade between both the countries has seen steady growth over the years. According to Indian data for the financial year April 2022 to March 2023, bilateral trade grew 4 % year-over-year compared to 2021-22 and reached US$ 14.70 billion[1].
“The evolving India-Vietnam relationship promises to unlock new growth opportunities for businesses in both nations, facilitating increased trade and economic expansion,” said Nitin Tatiwala, vice president of Middle East, Indian subcontinent, and Africa air network, FedEx Express. “The transit time enhancement can provide importers in India with a competitive advantage, by helping them build faster and more efficient supply chain networks with businesses in Vietnam. This facilitates trade and boosts the growth of businesses, especially SMEs, in both countries.”
FedEx has been supporting cross-border trade to and from India since 1984. With the new flight service, businesses in India may gain a competitive edge with expedited delivery time. This latest announcement reaffirms the company’s dedication to improving services and strengthening operations in the country.
Please visit the FedEx shipping service site for information on our full portfolio of services in India along with the rates and transit time.
* For details on specific origins and destinations, please check our get rates and transit time page.
[1] https://www.indembassyhanoi.gov.in/page/bilateral-relations/#:~:text=According%20to%20Indian%20data%20for,amounted%20to%20US%24%208.79%20billion
