The historic agreement will leverage each other’s global and regional networks to bolster trade between the Asia and the U.S. UPS will tap into Vietjet’s extensive Vietnam, Thailand and Asian network, while Vietjet will gain access to the global UPS network.
Today (November 13, 2020), Vietjet announced that they have entered a historic cargo agreement with UPS to leverage the strengths of each other’s global and regional networks. UPS will benefit from Vietjet’s extensive network in Vietnam, Thailand and throughout Asia, while Vietjet will gain access to UPS’ global ‘browntails’ network, bolstering trade between Asia and the U.S. UPS and Vietjet first operated a cargo flight between Hanoi and the U.S. via Seoul-Incheon on September 26, 2020 and have since been operated with one flight weekly. Both airlines have also operated cargo flights between Ho Chi Minh City and Kuala Lumpur using UPS aircraft and have jointly operated cargo flights between Ho Chi Minh City and Hanoi. In Friday’s announcement, UPS’ Managing Director for Vietnam and Thailand, Russell Reed, said,
“The agreement with Vietjet comes at a significant time for trade in Vietnam. As Vietnam’s economy embraces growth momentum, the country is poised to benefit from shifts in global manufacturing and trade flows, and UPS, together with Vietjet, hope to expand import and export opportunities for businesses of all sizes in Vietnam, enabling them to trade with greater ease and confidence on a global scale.”
Further commenting on the historic agreement, Vietjet Cargo’s CEO, Do Xuan Quang, added,
“Besides operating an expanding passenger flight network in Vietnam and Thailand, Vietjet has been one of the first airlines in Asia to navigate towards air cargo as part of a new business strategy being unfolded in response to the global pandemic. The cooperation with UPS paves the way for Vietjet to make Hanoi, Ho Chi Minh City and Bangkok regional logistics hubs for one-stop-shop cargo transportation services from Asia to western destinations as we further expand our domestic flight network in the countries and boost international services not just within Southeast Asia but also in Northeast Asia.”
Vietjet is the first Vietnamese carrier that has been approved to carry cargo in the passenger cabin and has conducted international cargo flights between Vietnam and Japan, South Korea, China, Hong Kong, Thailand, Malaysia and Indonesia. The company also plans to launch cargo service to Taiwan and Thailand, while increasing frequencies on existing routes.
Source: Vietjet