YCH Group, a major logistics company based in Singapore, is seeking investment and collaboration opportunities for strategic projects in the Lien Chieu port area in Danang. In a meeting with Danang’s Chairman Le Trung Chinh, YCH Group CEO Robert Yap emphasized the company’s long-standing expertise in providing comprehensive supply chain management services worldwide.
In Vietnam, YCH Group has already established a significant partnership with T&T Group, a multi-sector conglomerate, to develop the Vietnam SuperPort (VPS) multimodal logistics center in Vinh Phuc province.
Covering 83 hectares with an estimated investment of USD 166 million, VPS is the largest logistics center of its kind in Vietnam, designed to handle approximately 530,000 twenty-foot equivalent units (TEUs). The project aims to strengthen Vietnam’s integration into the global supply chain, reduce logistics costs, and enhance the country’s competitive position in international trade.
Looking ahead, YCH Group is keen to explore more investment opportunities for multimodal logistics centers in central and southern Vietnam. The company is also interested in potential collaborations related to workforce training and logistics technology solutions, as mentioned by Yap.
With Danang’s strong economic potential and strategic location for transportation and cargo transshipment, YCH is optimistic about the opportunities for investing in a multimodal logistics center at Lien Chieu port. The port is being developed with an annual capacity of 50 million tons, featuring three docks for container cargo, general and bulk cargo, and liquid cargo and gas.
Danang is focusing on transforming Lien Chieu port into an international gateway for shipping, attracting global shipping and logistics companies. Direct shipping of import and export goods from Lien Chieu to European and American countries is expected to reduce transportation costs and boost Vietnam’s standing in the global supply chain.
(Source: The Investor)
