Lion City's YCH Group launches ASLN as well 'SuperPort' in Vietnam
LEADING Singapore logistics firm, YCH Group, has launched a collaborative platform, the ASEAN Smart Logistics Network (ASLN), aimed at achieving 'a seamlessly and comprehensively connected and integrated ASEAN that will promote competitiveness that will enable the region to be one formidable economic bloc
LEADING Singapore logistics firm, YCH Group, has launched a collaborative platform, the ASEAN Smart Logistics Network (ASLN), aimed at achieving 'a seamlessly and comprehensively connected and integrated ASEAN that will promote competitiveness that will enable the region to be one formidable economic bloc.'
The hybrid launch ceremony of the ASLN on November 14 was held on the sidelines of the 37th ASEAN Summit in Hanoi and was attended by the Vietnamese Prime Minister Nguyen Xuan Phuc, and Deputy Prime Minister Pham Binh Minh.
Singapore Prime Minister Lee Hsien Loong and Minister for Trade and Industry, Chan Chun Sing together with Dr Robert Yap, executive chairman of YCH Group were virtual guests.
YCH Group also announced that it will join forces with Vietnamese conglomerate T&T Group on ASLN's first project - the Vinh Phuc ICD Logistics Centre, also known as SuperPort.
'SuperPort will be a first of its kind multi-modal logistics hub integrating dry port and advance supply chain nerve centre operation that focuses on four key pillars: connectivity, sustainability, scalability, and agility.
'It will demonstrate the advantages of multi-modal transportation through its road, rail, air and sea linkages, with road and rail linking China's Yunnan province, Kunming city, to Hanoi city and eventually ends at Hai Phong international port.
'With its strategic location in the Vinh Phuc province, that is within reach of 20 industrial parks, this SuperPort will act as a supply hub for these manufacturing operations, which have projected to grow exponentially as manufacturing activities are shifting towards Vietnam, ' YCH Group said in a statement.
Located near the capital city of Hanoi, the SuperPort will be a key connecting node for global and regional trade and supply chain between China, Vietnam, ASEAN, and other regional and international markets.
'It is important for us to grow as a pack, to share our best practices and to innovate together so that we can capture the great opportunities generated by the burgeoning ASEAN economy. We look to drive more initiatives for ASEAN enterprises and its community as we move together dynamically, enhancing our competitiveness, and towards an inclusive economic growth for all,' said Dr Yap.
Do Quang Hien, chairman and CEO of T&T Group, said: 'This project is a symbol for the development of Vietnamese enterprises in the trend of global integration, thereby contributing to enhancing the image and position of Vietnam in the region and in the world.'
Apart from the SuperPort project, YCH Group said there are already plans to increase and enhance the company's existing investment in Vietnam, for additional warehousing capacity and on another major logistics infrastructure project.
'Since our entry in 2009, YCH has built extensive networks, asset footprints and partnerships within Vietnam and is well-positioned to meet the current and future supply chain requirements of the market. Coupled with our deep-rooted understanding of Asia Pacific and in-depth presence, this enables us to empower our customers to achieve a comprehensive footprint and a seamless global connectivity not only within Vietnam, but throughout the ASEAN region and beyond,' the company statement added.