Tie-up to promote Vietnam's multimodal connectivity in regional logistics

November 29, 2022 | 18:43
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T&Y SuperPort Vinh Phuc – a joint venture between Singapore's YCH Group and Vietnam's T&T Group – signed an MoU with Vietnam Maritime Corporation (VIMC) on November 26 as a partner for sea connectivity for Vietnam SuperPort – a multimodal smart logistics project.
Tie-up to promote Vietnam's multimodal connectivity in regional logistics

Following the signing of two MoUs with Vietnam Airlines and Vietnam Railways Corporation earlier this August, the tie-up with VIMC represents the latest connecting node for Vietnam SuperPort.

VIMC was founded in 1995 to offer maritime services on a global scale. VIMC currently owns and operates a fleet of 60 vessels, manages 16 strategically important ports in Vietnam, and has a synchronised nationwide logistics infrastructure system.

VIMC's mission is to help make Vietnam a significant strategic location on the global maritime map. This mission perfectly complements the objectives of Vietnam SuperPort, which is to support Vietnam as a global manufacturing hub through upskilling workers and supporting key infrastructure.

Covering an area of 83 hectares, Vietnam SuperPort features warehouses, transportation for rail, road, air, and sea links, as well as a training centre for employees. The project is the first to be introduced under the ASEAN Business Advisory Council’s fifth legacy project Smart Growth Connect (SGConnect) and the ASEAN Smart Logistics Network.

Vietnam SuperPort seeks to cut logistical costs, boost competitiveness, and encourage commerce among ASEAN member states while providing a seamless connection throughout the region and beyond – which is in line with the ASEAN Connectivity Master Plan 2025.

Under the agreement, the two parties will co-develop synergistic products and services for the Inland Container Depot and the Container Freight Station to meet the growing sea volumes in the industrial hinterland surrounding Vietnam SuperPort and alleviate existing logistical challenges.

The two sides will also jointly develop shipping solutions to capture the cargo volume to and from Vietnam's ports as well as leverage Vietnam SuperPort as a trans-shipment hub to enhance multimodal cargo transportation within Vietnam and across the region.

Robert Yap, executive chairman of YCH Group said, “Vietnam SuperPort is the first project launched under SGConnect. We have progressed very quickly since the project was launched in 2020. On the back of the two MoUs that were inked with Vietnam Airways and Vietnam Railways Corporation in August, the partnership with VIMC will have the key connecting nodes – air, sea, and rail – established. Hopefully, Vietnam SuperPort will make more contributions to transform Vietnam into an essential world-class logistics hub in Asia.”

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