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|The new flights of UPS will help Vietnam profit from the EVFTA|
UPS Vietnam has just launched the first “Browntail”-symbolic flights at Tan Son Nhat International Airport in Ho Chi Minh City – the latest destination listed in its load of domestic routes in Asia. Accordingly, Hanoi will welcome the flights at Noi Bai International Airport on September 19.
With the presentation of the arrivals, UPS will serve the growing demand for export and import in Vietnam as the country is seeing big steps forward in global trade, especially after the signing of the EU-Vietnam Free Trade Agreement (EVFTA).
“UPS, with its smart and diversified logistics network, will keep supporting businesses to materialise their expansion strategy across the world,” said Russell Reed, managing director at UPS Vietnam and Thailand. “Vietnam, with its strategic geographic position, dynamic workforce, and market liberalisation, will be asserted as an inevitable link in the global supply chain in the present and the future.”
The flights also help local businesses, especially those focusing on retail and high technology, receive goods from China, Japan, South Korea, and Southeast Asia to Hanoi and Ho Chi Minh City within a single day. The delivery timeline for items from Australia, EU, and the US will be lessened to only two days.
In other words, electronic equipment assemblers in Vietnam could shorten their manufacturing circulation, favouring export activities thanks to reduced timelines for importing components from the EU.
The new flights in Ho Chi Minh City start and end their journey at Shenzhen city, China which is home to UPS’ largest subsidiary in Asia. They run four days a week, linking Vietnam to the main gates in Asia, the US, and the EU through the establishment. The flights towards Hanoi take off on every Saturday under the US-Asia route, reflecting the growing essential role of Vietnam in global trade. Their storage capacity has also been increased significantly to better serve the demand of customers who wish to connect from Asia to the US.