New FedEx Express Flight to Hanoi to Strengthen Access between Europe and Vietnam

FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) and the world's largest express transportation company, is enhancing its services into and out of the Vietnamese capital, Hanoi, with the introduction of a new flight connecting the city to the FedEx Express Hub in Guangzhou, China.

This new route will significantly cut the delivery time between Europe and Vietnam and substantially improve transit times for all inbound flights to Hanoi. The European Union (EU) and Vietnam are currently finalizing a trade and investment agreement, which would serve to deepen the trade links between the two. Vietnam has become the EU's second biggest trading partner in the Association of Southeast Asian Nations (ASEAN) after Singapore and ahead of Malaysia, with trade worth € 47.6 billion in 2017[1].

The new FedEx Express route will use a dedicated Boeing B757 freighter flying four times a week to and from Hanoi. Vietnam exporters shipping from Hanoi will benefit from the best transit time for shipments to major business centers in Asia, including China, Singapore, Malaysia and the Philippines, in just one business day. Shipments to Europe and North America will arrive in two business days. For all shipments to Hanoi, transit times will be reduced by one business day. Shipments from Europe will reach Hanoi in two business days, and shipments from North America arriving in three business days.

FedEx Express has been serving Vietnam since 1994 and was the first international express transportation company to operate its own flights into and out of the country.

"This new flight demonstrates our continued commitment to enhance our global capabilities to connect customers and create opportunities for individuals, entrepreneurs and businesses large and small to grow. With ongoing expansion in the manufacturing and technology industries, rapid growth in e-commerce and an increasing demand for healthcare services, the enhancements from this new flight strengthens our capabilities and supports the further development of trade possibilities between Europe and Vietnam”, said Bert Nappier, president of FedEx Express Europe and Chief Executive Officer of TNT.

Recent research[2] commissioned by FedEx Express found that the main European markets, as well as the USA, China, and India are the top export destinations for Vietnam’s small and medium sized enterprises (SMEs). Those SME leaders are optimistic for the continued growth of exports, claiming support from logistics partners being a key factor in this growth.

_{About FedEx Express}

_{FedEx Express is the world's largest express transportation company, providing fast and reliable delivery to more than 220 countries and territories. FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments by a definite time and date supported by a money-back guarantee[3].}

_{About FedEx Corp.}

_{FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $65 billion, the company offers integrated business solutions through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 425,000 team members to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. To learn more about how FedEx connects people and possibilities around the world, please visit about.fedex.com.}

_{[1] Official source EU Commission: http://trade.ec.europa.eu/doclib/press/index.cfm?id=1875}

_{[2] “Global is the New Local: The Changing International Trade Patterns of Small Businesses in Asia Pacific” a commissioned research study conducted by Harris Interactive on behalf of FedEx, July 2018}

_{[3] Subject to relevant terms and conditions}