Singapore-invested Vietnam SuperPort, Vietnam Post partner in digital logistics

Vietnam SuperPort and state-controlled Vietnam Post (VNPost) have signed an MoU on developing customized platforms to support small and medium-sized enterprises (SMEs) in exporting goods to Asian markets.

YCH Group - Singapore's leading supply chain and logistics company and Vietnam's T&T Group are investors of Vietnam SuperPort, a multimodal logistics hub in the northern province of Vinh Phuc.

This strategic partnership plays a crucial role in strengthening the flow of goods across the region, creating an easier path for SMEs to access international markets.

The MoU, inked on Tuesday in the northern province of Vinh Phuc, marks the beginning of a cooperation between Vietnam SuperPort and Vietnam Post, leveraging both parties' strengths to develop efficient trade and logistics solutions.

The two companies are committed to providing SMEs with seamless solutions that simplify the export process.

Under the deal, they will collaborate to help SMEs connect with Asian markets through the multi-channel solutions of YSG, an e-commerce solutions provider under YCH Group.

This initiative will allow SMEs to access comprehensive logistics solutions, with Vietnam SuperPortTM acting as a multi-modal distribution hub supported by YSG's e-commerce platform.

Vietnam Post will provide EMS express delivery services and serve as the exclusive provider for first-mile and last-mile delivery services for SMEs. This method will help businesses optimize transportation and storage costs, as well as ensure stability in warehousing when accessing international markets.

In addition, Vietnam SuperPort will partner with Vietnam Post to develop an integrated logistics marketplace that connects an ecosystem including bonded warehouses, customers, transport agents, and banks, with fully digitized operational and payment processes.

The platform will link directly to banks and blockchain technology to integrate financial resources and disbursement methods, enhancing SMEs' access to financial solutions.

The initial phase of the project will be piloted for Vinh Phuc businesses exporting goods to Singapore, with plans to expand to other provinces and cities nationwide and eventually other Asian markets.

Yap Kwong Weng, CEO of Vietnam SuperPort, said at the event that partnering with Vietnam Post marks an important milestone in his company’s development strategy to enhance international trade capabilities and contribute to economic growth.

By capitalizing on both sides' strengths, along with proven solutions from YCH Group and its partners, including Singaporean startups, the firm will provide SMEs with customized platforms to access international markets, especially Singapore, through a seamless integrated e-commerce and logistics solution that reduces costs.

Nguyen Truong Giang, chairman of Vietnam Post’s member council said: "With Vietnam Post's nationwide and international postal and logistics infrastructure combined with the technological solutions provided by Vietnam SuperPortTM, we can offer comprehensive services to help businesses enter global markets."

Previously, at Innovate Vietnam 2024 in early October, Vietnam SuperPort announced its comprehensive digital transformation roadmap, utilizing advanced technologies, including artificial intelligence (AI), to enhance Vietnam's logistics industry capabilities.