Singapore's YCH Group eyes investment opportunities in Lien Chieu Port

Singapore's YCH Group eyes investment opportunities in Lien Chieu Port

Singapore's YCH Group is exploring investment and partnership opportunities at Lien Chieu Port.

On March 10, Le Trung Chinh, Chairman of Danang People’s Committee, met with a working delegation led by Robert Yap, executive chairman of YCH Group.

Founded in 1955, YCH Group is the leading end-to-end supply chain solutions and logistics partner to major companies in the high-tech, electronics, chemicals, healthcare, and consumer goods sectors.

In Vietnam, YCH Group has partnered with T&T Group to invest in Vietnam SuperPort, an 83-hectare, multi-modal logistics port located in Vinh Phuc Province. The venture has a total investment of $166 million and is designed to handle about 530,000 TEUs per year. It is the first-of-its-kind largest multimodal logistics hub in Vietnam, aiming to enhance integration into global supply chains, reduce logistics costs, and boost the country's competitive edge in international trade.

“YCH Group is researching opportunities to invest in multimodal logistics hubs in the central and southern regions. At the same time, we are exploring potential partnerships in workforce training and technology solutions in the logistics sector,” Yap said.

“Danang boasts ample potential and advantages in economic development, alongside its strategic location as a transportation hub and transit point for goods and services. YCH Group has high expectations for cooperation in investing in a multimodal logistics centre in Lien Chieu Port,” said the executive chairman.

Chinh also briefed that Lien Chieu Port is located at the end of the East-West Economic Corridor. The port will boast an annual capacity of 50 million tonnes, covering an area of about 450 hectares. The city aims to develop Lien Chieu Port as an international gateway to attract large global transportation and logistics companies.

“By allowing access to large ships, the port can facilitate the import and export of goods directly to European and American countries, reducing transportation costs and increasing competitiveness in the international market. Lien Chieu Port will become one of the main ports along international shipping routes, enhancing Vietnam's position in the global supply chain,” Chinh noted.

VIR