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Taipei, November 23, 2010 – FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, has launched a new flight to and from Hanoi four times a week (Tuesday to Friday). This new dedicated flight will improve the transit time for outbound shipments from Hanoi by one business day. This is part of the company’s commitment to launch service enhancements that enable FedEx to be more responsive to the needs of its customers in Vietnam.

“Vietnam has demonstrated strong growth over 2010. Export turnover in the first nine months rose 23.2% year-on-year[1]said David L. Cunningham Jr., president, FedEx Express Asia Pacific. “The new service enhancement is another testament to FedEx efforts to provide time-definite and reliable services for customers in Vietnam, and to help them enhance their competitiveness across the Asia Pacific region.“,”

FedEx has been investing significantly in its operations in Vietnam since diplomatic relations with the U.S.A. were re-established in 1994. FedEx is the first international express transportation company to have it own flights flying into and out of Vietnam. In 2008, FedEx launched a Airbus 310 flight service linking Vietnam and global markets, which increased the company’s transportation capacity into and out of Vietnam five-fold, to more than 30,000kg a day. FedEx currently operates around ten flights per week, connecting Vietnam with its major trading partners – the U.S., the EU, Japan, China and other markets in Asia.

[1]Monthly Statistics Information, Vietnam General Statistics Office, Oct 2010