US transport giant FedEx longs to expand in Vietnam
FedEx Express is planning to expand in Vietnam and build on its logistics activities at Tan Son Nhat International Airport in the southern metropolis of Ho Chi Minh City, said its president and CEO Richard Smith.
During his talks with Vietnamese Prime Minister Pham Minh Chinh in Hanoi on Thursday, the chief of the world’s largest express transportation firm spoke highly of Vietnam’s business environment.
After over 30 years in the country, FedEx sees Vietnam as a major market in the Asia-Pacific, Middle East, and Africa, with 36 weekly flights to/from Vietnam, Smith noted.
Prime Minister Pham Minh Chinh (right) receives FedEx Express's president and CEO Richard W. Smith in Hanoi on June 6, 2024. Photo coutersy of the government’s news portal.
PM Chinh, for his part, suggested FedEx ramp up flights and cargo transport in Vietnam while calling for its support in airport and logistics network development.
The government chief also asked the U.S. company to share its expertise with Vietnamese partners in operating and developing transport and logistics services, as well as providing fast delivery services within the global supply chain.
Chinh requested aid from the transport giant to develop the mega airport project of Long Thanh in HCMC’s adjacent province of Dong Nai. He also urged the firm to expand its activities and investment at this airport, while vowing facilitation for U.S. corporations, including FedEx Express, to do business in Vietnam.
The U.S. is currently Vietnam’s largest export market, with bilateral trade exceeding $100 billion for two years in a row. In September 2023, the countries upgraded their relations to a comprehensive strategic partnership.
FedEx Express provides time-sensitive, air-ground express service to 220 countries and territories. Last year, its revenue reached $90.2 billion.
Long Thanh airport, about 40 kilometers east of HCMC, has a total investment of over $16 billion, divided into three phases. Once completed, the airport will be the biggest of its kind in Vietnam and a major transit hub for the region and the world, helping alleviate the overload at Tan Son Nhat Airport.
Cargo transport in Vietnam reached nearly 1.03 million tons in the first five months of 2024, up 11.4% year-on-year, according to the General Statistics Office. Air freight accounted for the smallest slice of 0.2 million tons, up 47.5% year-on-year.
- Related News
- Read More
Six Deputy Prime Ministers appointed for Vietnam's new-term Government
Vietnam's new-term Government will have six Deputy Prime Ministers, namely Pham Gia Tuc, Phan Van Giang, Pham Thi Thanh Tra, Ho Quoc Dung, Nguyen Van Thang, and Le Tien Chau.
Politics - Wed, April 8, 2026 | 2:54 pm GMT+7
FTSE Russell names 32 Vietnamese stocks eligible for emerging-market index inclusion
FTSE Russell has named 32 Vietnamese stocks that met the FTSE Global All Cap index eligibility screens based on data as of December 31, 2025.
Finance - Wed, April 8, 2026 | 1:57 pm GMT+7
$2.2 bln thermal power plant in central Vietnam fully comes online as second turbine begins commercial operations
Vung Ang II thermal power plant has brought its second turbine into commercial operation, completing one of Vietnam’s largest foreign-invested coal-fired power projects and reinforcing baseload supply in the central region.
Energy - Wed, April 8, 2026 | 8:26 am GMT+7
FTSE Russell confirms Vietnam's market status upgrade to secondary emerging from Sept 21
FTSE Russell on Tuesday confirmed the reclassification of Vietnam from frontier to secondary emerging market status, effective from September 21, 2026, as the country "meets all criteria" for the status.
Economy - Wed, April 8, 2026 | 8:07 am GMT+7
Becamex-Thaco consortium eyes $4.7 bln metro line project in southern Vietnam
A consortium between two industrial giants, Becamex IDC and Thaco, has proposed investing more than VND124 trillion ($4.71 billion) to build two metro lines connecting Ho Chi Minh City's center with the adjacent Binh Duong ward, in a move that could reshape transport links across Vietnam’s southern economic hub.
Infrastructure - Tue, April 7, 2026 | 5:02 pm GMT+7
Sovico-HDBank consortium proposes $1.84 bln landmark tower in HCMC int’l financial center
A consortium comprising Vietnam’s private conglomerate Sovico Group and HDBank (HoSE: HDB) has proposed investing $1.84 billion to develop a 99-story financial tower in Ho Chi Minh City, intensifying competition to shape the skyline of Vietnam’s planned International Financial Center.
Real Estate - Tue, April 7, 2026 | 4:48 pm GMT+7
Le Minh Hung elected as Vietnam's Prime Minister
The National Assembly, Vietnam's legislature, has elected Le Minh Hung, head of the Party Central Committee's Organization Commission, as Prime Minister for the 2026-2031 term.
Politics - Tue, April 7, 2026 | 3:23 pm GMT+7
USD/VND exchange rate remains under upward pressure amid inflation risks
The Vietnamese dong is facing persistent pressure against the U.S. dollar, as rising import-driven inflation risks complicate policymakers’ task of balancing price stability, exchange rate management and economic growth.
Banking - Tue, April 7, 2026 | 1:46 pm GMT+7
Heavyweight investors to shape southern Danang’s industrial future
A wave of major corporations, including Thaco, Geleximco, and Bin Corporation, is accelerating investment in industrial zones in the southern part of Vietnam's central hub Danang city, helping to shape a green, modern, and high value-added industrial ecosystem.
Industries - Tue, April 7, 2026 | 11:42 am GMT+7
Vietnam's Party chief To Lam elected State President
To Lam, Vietnam's Party General Secretary - the highest position in the country, has been elected as State President for the 2026-2031 term.
Politics - Tue, April 7, 2026 | 10:05 am GMT+7
After Petrovietnam divestment, Petrosetco reveals major ambitions, prepares to welcome strategic investors
Following the divestment by state-owned giant Petrovietnam, Petrosetco is preparing for its biggest moves in years: increasing charter capital to over VND2.6 trillion ($98.71 million), investing in real estate, and entering water infrastructure projects.
Companies - Tue, April 7, 2026 | 8:55 am GMT+7
Real estate major FLC kicks off $760 mln project in central Vietnam
Vietnam’s major real estate developer FLC Group on Saturday broke ground on a nearly VND20 trillion ($760 million) golf, entertainment, resort and urban area complex in Gia Lai province.
Real Estate - Mon, April 6, 2026 | 10:57 pm GMT+7
Gold trading major Bao Tin Minh Chau's founder subject to legal proceedings for alleged accounting violations
Legal proceedings have been launched against Vu Minh Chau, founder and majority owner of Hanoi-based gold trading firm Bao Tin Minh Chau, for alleged violations of accounting regulations during business operations, police said on Monday.
Society - Mon, April 6, 2026 | 5:57 pm GMT+7
Southern Vietnam-based Hyosung Vina Chemicals losses persist despite capital injection
Hyosung Vina Chemicals, the Vietnam arm of South Korean chaebol Hyosung, reported another year of heavy losses in 2025, underscoring persistent financial strain despite a significant capital injection from its parent group.
Companies - Mon, April 6, 2026 | 5:08 pm GMT+7
Petrolimex expects record revenue, profit drop in 2026 amid energy transition pressures
Petrolimex, Vietnam’s largest gasoline retailer, is targeting record revenue in 2026 even as profitability comes under pressure, highlighting the mounting challenges traditional fuel distributors face amid the energy transition and tightening policy environment.
Companies - Mon, April 6, 2026 | 4:24 pm GMT+7
Vietnam’s auto assembler TMT targets 3-fold profit surge, bets on electric pivot
Vietnamese auto assembler and distributor TMT Motors (HoSE: TMT) targets a sharp jump in profitability in 2026 as the company accelerates a strategic pivot toward electric vehicles.
Companies - Mon, April 6, 2026 | 4:10 pm GMT+7
