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HO CHI MINH, Vietnam: July 23, 2018. AirBridgeCargo Airlines (ABC) has added a weekly Ho Chi Minh City service to its network; the company’s second Vietnam gateway after Hanoi, its 12th online destination in Asia and 30th worldwide.

The B747 freighter flight will link Singapore and Ho Chi Minh City via its Moscow hub to other network destinations with guaranteed 48-hour delivery times, including ground handling.

ABC Ho Chi Minh“On the back of economic growth of more than 7.0 percent and increasing export volumes, Vietnam seems like the right place to offer direct freight services to other regions, especially Europe and North America,” commented ABC general director Sergey Lazarev. “We foresee support from companies specializing in electronics and garments shipments,” he added.

A new EU-Vietnam free trade agreement is expected to be ratified this year and will contain a legally binding link to the Partnership and Cooperation Agreement (PCA) that governs the overall relationship between the EU and Vietnam.

EU exports to Vietnam are dominated by high tech products including electrical machinery and equipment, aircraft, vehicles and pharmaceutical products. Vietnam's key export items to the EU include telephone sets, electronic products, footwear, textiles and clothing, coffee, rice, seafood and furniture.

In 2016, EU-Vietnam trade in goods was worth over €42.4 billion, with €33.1 billion in imports from Vietnam into the EU and €9.3 billion in exports from the EU to Vietnam.

The EU is Vietnam's 5th largest foreign investor partner. In 2015 US$1.3 billion was added to a Foreign Direct Investment total of US$21.7 billion.

Commenting on the new ABC service, vice director of Tan Son Nhat International Airport (SGN) Nguyen Nam Tien said: “We strongly believe that our cooperation will strengthen the position of SGN as local freight forwarders will get access to direct freighter services to Russia, the EU and North America.”

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