FedEx is investing further in Vietnam's logistics sector as it bets more on the southeast Asian market's growth as a trade hub.
Under a strategic partnership effective April 26, Vietnamese parcel delivery company Viettel Post will serve as the U.S.-based logistics giant's national network provider in Vietnam.
With the collaboration, FedEx will leverage Viettel Post's nationwide coverage of more than 2,000 post offices, its fleet of roughly 2,000 delivery vehicles and its established local infrastructure totaling 12.9 million square feet of warehouse space to better serve Vietnamese customers.
The agreement covers nationwide pickup and delivery operations in Vietnam, with the two sides planning to collaborate across key logistics services, including order collection and processing, last-mile delivery, customs clearance and warehouse operations at major aviation logistics hubs.
At the partnership announcement ceremony in Hanoi on Wednesday, Viettel Post deputy general director Dinh Thanh Son said that the cooperation would help Vietnamese small- and medium-sized businesses (SMBs) access global markets more effectively.
According to FedEx, customers will benefit from greater flexibility, optimized transit times, and expanded service coverage. By shortening delivery times and extending pickup cut-off times, Vietnamese businesses are better positioned to access international markets, particularly as cross-border trade grows.
During the event, Vietnam's deputy minister of industry and trade, Nguyen Sinh Nhat Tan, highlighted how FedEx's global footprint would complement Viettel Post's domestic network to ultimately enhance Vietnam's ability to scale exports worldwide.
"This collaboration will expand the development space for Vietnamese goods and businesses in the global market; contributing to elevating the position of Vietnamese logistics in the international supply chain," Tan emphasized. "At the same time, it will create momentum to promote the standardization, modernization, and improvement of the quality of the national logistics system."
The partnership is expected to handle nearly 2 million shipments annually, with a total volume of more than 26,000 tons, connecting goods from Vietnam to over 220 countries and territories worldwide.
Vietnam's status as a cross-border trade center gained even more traction last year, particularly as the U.S. escalated its trade war with China and imposed hefty tariffs on the country.
More than $930 billion in goods were either imported into or exported out of Vietnam in 2025, up 18.2 percent compared to 2024. During the stretch, exports increased 17 percent while imports improved 19.2 percent.
Vietnam exported $153.2 billion in goods to the U.S. last year, a 28.2 percent jump over the $119.6 billion shipped to the country in 2024.
FedEx has capitalized on the growth of Vietnam's role in global trade, further opening the company's services, shipping solutions and digital tools to local businesses last year. The company expanded access to its online billing portal so Vietnamese businesses and individual shippers can work with FedEx representatives on invoices and customer support and access payment flexibility.
In April 2025, FedEx launched a new flight connecting Southeast Asian countries, including Vietnam to the U.S. Operating six weekly flights with a dedicated FedEx Boeing 777 freighter, shipments from Vietnam are consolidated in Ho Chi Minh City before being transported to Singapore for a direct flight to Anchorage.
"Vietnam continues to be a strategically important market in the company's regional growth strategy," said Masamichi Ujiie, president of FedEx North and South Pacific, in a statement. "By partnering with a trusted national logistics leader like Viettel Post, we are reinforcing our long-term commitment to the country, while enhancing our ability to deliver faster, more flexible, and globally connected services for our customers."
The FedEx partnership is one of multiple that Viettel Post has recently entered as looks to expand cross-border services to neighboring countries. The company also began a partnership with Thailand Post last month, expanding on a prior relationship with Thailand third-party logistics provider (3PL) Leo Global Logistics that is designed to develop an end-to-end logistics corridor connecting Thailand, Vietnam and China.
Like the rest of the world, Vietnam has endured rising fuel prices since the start of the war in Iran. The escalating prices, and potential for fuel shortages next month, forced Vietnam's airlines to tighten up capacity in April.
The concerns have also impacted Viettel Post, which tacked on a 15 percent fuel surcharge for domestic deliveries on April 4. The company knocked the fees down to 12 percent on April 13.
On Thursday, Vietnam's civil aviation authority proposed introducing a fuel surcharge mechanism for domestic flights to help airlines cope with the rising costs. Under the proposal, the surcharge would be applied when Jet A-1 fuel prices reach $100 per barrel, with additional surcharge tiers set for every $10 increase.
