UPS and P&T Express JSC (known domestically as VN Post Express JSC) have established UPS Vietnam as a joint stock company to expand UPS’ footprint and better serve customers in Vietnam. Through the joint stock company, UPS said it will invest in new facilities in key commercial and industrial centres across Vietnam to widen access to growing intra-Asian capability and connect to the global UPS network. UPS will extend its express pickup and delivery service to 63 provinces in Vietnam and offer later pick-up and cut-off times.

The new JV is aimed at providing customers with a single source for Vietnamese businesses to use not only UPS express and expedited small package services, but also UPS transportation and supply chain capabilities that include freight forwarding, Customs brokerage and contract logistics warehousing and distribution.

The UPS Vietnam head office will be located in Ho Chi Minh City and led by Jeff McLean, who was appointed general manager of UPS in Vietnam earlier this year. The expanded UPS presence in Vietnam is expected to further enhance the country’s status as a rapidly emerging market for global trade, the group said. Immediately after Vietnam joined the World Trade Organisation in 2007, US exports to Vietnam alone grew by 73 per cent to reach US$1.9 billion.

UPS began its services in Vietnam in 1994 with VN Post as its service agent. VN Post Express JSC was established in 2006 as a wholly-owned subsidiary of the Vietnam Post and Telecommunication Corporation (VNPT) to better manage the postal express sector and take over as UPS’ service agent.