UPS (NYSE: UPS) has launched a new flight connecting Hanoi to UPS’s Worldport global air hub in Louisville, Kentucky, via Hong Kong to increase capacity for companies in Vietnam connecting to the US.
The new UPS flight operates weekly Tuesday through Friday, in addition to a current Saturday flight that also follows the Asia-US route. This means that UPS customers in northern Vietnam, particularly in the high-tech and retail sectors, can now take advantage of increased flight frequency and air freight capacity to meet increased demand and take advantage of global trading opportunities.
Customers in Hanoi will also benefit from wider production windows to fulfill orders as UPS extends pick-up times in eight areas, including Hoang Mai, Long Bien, Dai Tu, Dai Kim, Linh Dam, Bac Linh Dam, Ban Dao Linh Dam and Sai Dong Industrial Zone.
In Ho Chi Minh City, Vietnamese businesses will have faster turnaround times as urgent shipments collected before 2pm can be delivered the next day to key Asian markets including China, Indonesia, Japan, Philippines, Singapore, Taiwan and Thailand . With this improvement, companies will be better able to unlock growing trade potential within Asia. Data from an upcoming UPS study suggests Vietnam’s trade with regional markets could grow by more than 40 percent from $326 billion in 2020 to $465 billion by 2030.
“Vietnam has quickly become a major manufacturing center in Asia and has become a major exporter of technology and apparel products to key international markets and the Asia-Pacific region over the past two decades,” said UPS Vietnam Managing Director Squall Wang.
“We know how important it is for our customers to have access to fast, frequent and reliable air freight capacity. This new flight from Hanoi, along with our enhanced capabilities in Ho Chi Minh City, will connect UPS customers in Vietnam faster and better than ever with its key trading partners, empowering local businesses to grow, expand and expand. expand into new markets and compete globally.”
Michelle Ho, President of UPS Asia-Pacific, Middle East and Africa added: “At UPS, we are committed to optimizing our smart global logistics network so that businesses can take advantage of the reliability of our network to support their growth while expand them across borders. .”
“This new flight bolsters our growing regional air network with routes added to and from Hanoi and Ho Chi Minh City in 2020, Osaka Kansai in 2021, and most recently between Bangkok and UPS’s intra-Asian hub in Shenzhen in July; demonstrating our commitment to creating more resilient supply chains for cross-border trade.”
The new route between Hanoi and the US will be served by a Boeing 747-8, the largest and most fuel-efficient aircraft in the UPS fleet, with a payload capacity of 307,000 pounds. UPS’s global air network includes a fleet of nearly 600 aircraft serving more than 220 countries and territories around the world.