• Earlier this month, Viettel Post, a member of Viettel Group, announced a partnership under which it will become FedEx’s National Network Provider in Vietnam from April 26, 2026, handling pickup, delivery, warehousing, and customs support for cross-border shipments.
• The collaboration is planned to move nearly 2 million shipments a year across more than 26,000 tons of goods, potentially deepening Vietnam’s logistics links with over 220 international markets and reshaping FedEx’s role in this trade corridor.
• We’ll now examine how this partnership, which leans on Viettel Post’s nationwide network to boost FedEx’s Vietnam capabilities, interacts with its investment narrative.

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FedEx Investment Narrative Recap

To own FedEx, you need to believe its cost-cutting programs and network upgrades can offset cyclical freight softness and pricing pressure in international markets, while the FedEx Freight spin-off is executed without disrupting earnings. The Viettel Post deal is directionally positive for cross-border volumes, but it does not materially change the near term focus on DRIVE savings and spin-off execution risk, which remain central to the story right now.

Among recent developments, the planned FedEx Freight spin-off and upcoming CFO transition stand out next to the Viettel partnership. Freight separation is already a major execution risk and a key catalyst tied to cost efficiency and margin outcomes across the portfolio. Any shift in cross-border flows from Vietnam could subtly influence how investors think about FedEx’s post spin mix of higher margin freight and international parcel exposure.

Yet behind these growth efforts, investors should also be aware that ...

FedEx's narrative projects $105.3 billion revenue and $5.8 billion earnings by 2029.

Uncover how FedEx's forecasts yield a $402.39 fair value, a 4% upside to its current price.

Exploring Other Perspectives

Some of the most optimistic analysts were already assuming FedEx could reach about US$109.5 billion in revenue and US$7.0 billion in earnings by 2029, so a partnership that deepens cross border trade flows could either reinforce that upbeat view or prompt a rethink if execution or regulatory frictions emerge.

Explore 5 other fair value estimates on FedEx - why the stock might be worth just $382.00!

Decide For Yourself

Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.

• A great starting point for your FedEx research is our analysis highlighting 4 key rewards and 2 important warning signs that could impact your investment decision.
• Our free FedEx research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate FedEx's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.