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PM urges FedEx to expand operations in Vietnam

The Saigon Times

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HCMC – Prime Minister Pham Minh Chinh on Thursday urged U.S. cargo airline FedEx Express to expand its operations in Vietnam, particularly investments in the Long Thanh International Airport.

Speaking at his meeting with Richard W. Smith, president and CEO of FedEx Express, in Hanoi on June 6, Chinh outlined Vietnam’s commitment to political and economic stability, rapid and sustainable development, and international integration. He assured that Vietnam is trying to make its business environment more favorable, more equitable, safer, and more transparent.

Vietnam has free trade agreements with 60 economies and continues to expand into new markets, resulting in significant growth in goods flow, particularly with the rise of cross-border e-commerce. Chinh expressed confidence that FedEx Express’ logistics and express delivery services will continue to thrive in this context.

FedEx operates 36 flights weekly to and from Vietnam and views the country as a major market. Smith voiced optimism about Vietnam’s economic growth and investment climate, stating FedEx’s intention to expand its operations, starting with maintaining logistics activities at Tan Son Nhat International Airport.

Chinh invited FedEx to invest in the development of Long Thanh International Airport, aiming to make it a regional and global logistics hub.

The U.S. is Vietnam’s largest export market, while Vietnam is the U.S.’s seventh-largest trade partner. Bilateral trade has exceeded US$100 billion annually for the past two years.

In September 2023, Vietnam and the U.S. upgraded their relationship to a Comprehensive Strategic Partnership, boosting cooperation in various sectors. This shift has attracted major U.S. companies like Google, Apple, Nvidia, Boeing and Amazon to explore and expand investments in Vietnam.

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