Sembcorp, YCH explore expanded investment opportunities in central Vietnam hub Danang

Danang city authorities met with Singapore's Sembcorp Industries and YCH Group during their recent working visit to the island country, seeking to expand investment cooperation in industrial infrastructure, digital infrastructure and logistics.

The delegation, led by Danang People's Committee Chairman Nguyen Manh Hung, held talks with several leading Singaporean companies as the city steps up efforts to attract high-quality foreign investment in the strategic sectors.

Sembcorp eyes broader investment strategy

At a meeting with the Danang delegation, executives of Sembcorp Industries, a leading sustainable energy and urban solutions company, praised Danang's investment climate and socio-economic development.

Sembcorp called on the city to continue supporting the implementation of the VSIP Danang industrial park project and its exploration of opportunities to invest in digital infrastructure, particularly data centers.

Chairman Nguyen Manh Hung said he welcomed Sembcorp's long-standing investment in Vietnam through the Vietnam Singapore Industrial Park (VSIP) network and said the city would continue facilitating investment procedures for the VSIP Danang project.

He added that the city would create favorable conditions for Sembcorp to study and implement future industrial infrastructure and digital infrastructure projects.

Eugene Cheng Chee Mun, chief financial officer of Sembcorp, said the group aims to build an investment ecosystem in Danang rather than focusing solely on individual projects.

He noted Sembcorp plans to leverage its strengths to attract high-quality foreign direct investment in high-tech manufacturing and data centers through the development of green industrial parks, with the goal of establishing a long-term partnership with the city.

YCH studies investment in Danang Free Trade Zone

During talks with YCH Group, Yap Kwong Weng, CEO of Vietnam SuperPort and director of strategy, sustainability and communications at YCH Group, thanked Daang authorities for supporting the company's research into developing Functional Zone No. 2 of the Danang Free Trade Zone, also known as Eagle Free Trade Zone.

He said the group sees strong growth potential in the city, supported by major projects including Lien Chieu Port, Danang Free Trade Zone, and International Financial Center.

Hung welcomed YCH's Supply Chain City model and acknowledged cooperation between Saigon-Danang Investment Corporation (SDN) and YCH to study and develop an internationally aligned operating model for the Danang Free Trade Zone.

He said YCH's proposals on integrated logistics ecosystems, digital platforms, smart operations centers and regulatory sandbox models could provide valuable references for Danang's ambition to become a hub for international logistics, trade and services.

The delegation also witnessed the signing of a strategic cooperation agreement between YCH Group, SDN and Laos Schenker Using Resources Sole Co., Ltd.

YCH is one of the Asia-Pacific region's leading logistics and supply chain management companies.

During meetings with strategic partners in Singapore, Hung reaffirmed Danang's commitment to supporting investors and facilitating projects that align with the city's development priorities.

The city chairman stressed that Danang is prioritizing the attraction of high-quality, high-tech and environmentally sustainable FDI while preparing the necessary conditions to support investors throughout project implementation, as the city seeks to strengthen its position as a regional center for economic activity, logistics and innovation.