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VnExpress provides latest Vietnam news, regional, business, financial, industries, travel news and views to policy makers, professionals, tourists, expats and sports in Vietnam. VnExpress International is a leading source for politics, economic, finance, travel & food from Vietnam and ASEAN.
With an initial investment of VND2.4 trillion ($103.6 million), IPP Air Cargo will start with five freighters. It estimates revenues of $71 million in the first year of operation. It would be the only cargo-dedicated airline in Vietnam, where all six carriers prioritize passenger transport.
Flexport, a digital freight forwarder, provides shipping from Vietnam to USA and Vietnam international freight using unmatched technology and service.
According to the Vietnam Logistics Business Association (VLA), Vietnamese airlines hold an international freight forwarding market share of only 12%, while nearly 30 foreign carriers hold the rest. VLA president Le Duy Hiep said the withdrawal of IPP Air Cargo from the market was a pity because domestic logistics enterprises are in dire need of ...
