UPS Becomes First Global Express Delivery Company to Be 100% Owned in Vietnam

Tue Mar 19, 2013 8:00am EDT

* Reuters is not responsible for the content in this press release.

Enhances trade and investment opportunities and connects Vietnam to the world
HO CHI MINH CITY--(Business Wire)--
UPS (NYSE:UPS) today announced that it has become the first global express
delivery company to be wholly-owned in Vietnam, following its acquisition of the
49 percent interest of VN Post Express in the two companies' express delivery
joint venture. The change will allow UPS to better connect Vietnam's rapidly
expanding economy to world markets through the UPS network.
UPS uses many different modes of transportation to deliver packages throughout
the world. (Photo: Business Wire)

"We are excited about this new opportunity," said Brendan Canavan, UPS Asia
Pacific President. "With UPS now wholly-owned in Vietnam, our customers in this
growing market are better connected to the world through the UPS global network.
We would also like to thank the government of Vietnam for its support in
recognizing express delivery services as an enabler of trade and commerce." 

As a part of its global growth strategy, UPS has invested in new facilities and
technology in key commercial and industrial centers across Vietnam, including Ba
Ria, Binh Duong, Hai Duong and Bac Ninh provinces. The new centers are
strategically located in key business districts where there is a high demand for
logistics services. They provide Vietnamese businesses and exporters in these
areas greater access to UPS logistics services and capabilities. 

In addition to the new centers, UPS has made other significant investments in
Vietnam during the last two years including the introduction of a Preferred LCL
(less-than-container-load) Ocean Freight service that provides service that is
up to 40 percent faster than traditional LCL services to the United States from
the port of Ho Chi Minh City. In 2012, enhanced shipping and tracing solutions -
such as Internet Pickup and UPS Quantum View Manage - were made available in
Vietnamese on, further demonstrating UPS`s continued commitment towards
serving the needs of Vietnamese companies. 

"UPS has served Vietnam since 1994, offering its wide range of logistics
solutions to multinational corporations and small and mid-sized enterprises
alike," said Jeff McLean, General Director of UPS Vietnam. "We have seen the
transformation of the country to the dynamic export-oriented economy it is today
and UPS has grown in parallel with the market. Wholly-owned operations will give
us the flexibility to further expand our operations and grow in partnership with
Vietnamese businesses." 

UPS has enjoyed solid growth in Vietnam since it started its operations in 1994.
With the country`s increased economic activity last year, UPS Vietnam`s export
volume growth grew by more than 20% in 2012. 

UPS (NYSE:UPS) is a global leader in logistics, offering a broad range of
solutions including the transportation of packages and freight; the facilitation
of international trade, and the deployment of advanced technology to more
efficiently manage the world of business. Headquartered in Atlanta, UPS serves
more than 220 countries and territories worldwide. The company can be found on
the Web at and its corporate blog can be found at To get
UPS news direct, visit

Photos/Multimedia Gallery Available:

UPS Asia Pacific
Kenneth Lam, +65 6883 7560
Ogilvy Public Relations Worldwide, Singapore
Mansi Maheshwari, +65 6213 7798

Copyright Business Wire 2013

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