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

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

Enhances trade and investment opportunities and connects Vietnam to the world

Business Wire

HO CHI MINH CITY -- March 19, 2013

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: Bu ...

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 UPS.com, 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 UPS.com and its corporate blog can be found at
blog.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS.

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Contact:

UPS Asia Pacific
Kenneth Lam, +65 6883 7560
lkenneth@ups.com
or
Ogilvy Public Relations Worldwide, Singapore
Mansi Maheshwari, +65 6213 7798
mansi.maheshwari@ogilvy.com
 
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