• In April 2026, Viettel Post, a member of Viettel Group, and FedEx announced a partnership making Viettel Post FedEx’s National Network Provider in Vietnam to handle pickup, delivery, customs coordination, warehousing, and last-mile services for nearly 2 million cross-border shipments a year.
• This collaboration gives FedEx deeper access to Vietnam’s nationwide logistics infrastructure, potentially strengthening its Southeast Asia footprint and supporting more efficient global supply chain connections for local exporters.
• We’ll now explore how this expanded Vietnam network access could influence FedEx’s existing investment narrative around efficiency programs and international growth.

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FedEx Investment Narrative Recap

To own FedEx, you generally need to believe its DRIVE and Network 2.0 programs can keep lifting efficiency while international volumes remain resilient. The Viettel Post deal looks directionally supportive of FedEx’s international growth efforts, but does not obviously change the near term focus on execution around the FedEx Freight separation or the key risk that global trade, pricing pressure, or industrial softness could limit the payoff from these cost and network initiatives.

Among recent developments, the planned spin off of FedEx Freight and related capital structure work is particularly relevant. Analysts have highlighted the value of FedEx’s physical network and the freight separation as a key part of the equity story, while also pointing to execution and restructuring costs as a risk. The Viettel partnership sits alongside these efforts as another piece of FedEx’s broader attempt to refine its network and support international earnings quality.

Yet investors should also weigh how rising labor costs and unionization efforts could reshape FedEx’s cost base and bargaining power...

FedEx's narrative projects $105.3 billion revenue and $5.8 billion earnings by 2029. This requires 4.6% yearly revenue growth and a roughly $1.3 billion earnings increase from $4.5 billion today.

Uncover how FedEx's forecasts yield a $401.89 fair value, in line with its current price.

Exploring Other Perspectives

Some of the most bearish analysts expect FedEx revenue of about US$96.4 billion and earnings of roughly US$5.7 billion by 2028, and see structural parcel volume pressures as a major threat, which is a much more cautious view than the baseline and could be revisited in light of moves like the Viettel tie up.

Explore 5 other fair value estimates on FedEx - why the stock might be worth over 2x more than the current price!

Form Your Own Verdict

Don't just follow the ticker - dig into the data and build a conviction that's truly your own.

• 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.