Singapore's YCH Group seeks investment opportunities in central Vietnam port area

YCH Group, a leading logistics firm in Singapore, is exploring investment and cooperation opportunities related to strategic projects in the Lien Chieu port area, the central city of Danang.

At a Tuesday meeting with Danang's Chairman Le Trung Chinh, YCH Group CEO Robert Yap highlighted that the company, founded in 1955, is a global leader in providing comprehensive supply chain management services. It serves as a logistics partner for major companies across industries such as high-tech, electronics, chemicals, health care, and consumer goods.

In Vietnam, YCH Group has partnered with multi-sector conglomerate T&T Group to develop the 83-hectare Vietnam SuperPort (VPS) multimodal logistics center in the northern province of Vinh Phuc.

The center, designed with a capacity of approximately 530,000 TEUs and a total investment of $166 million, is the largest of its kind in the country. VPS aims to enhance Vietnam’s integration into the global supply chain, reduce logistics costs, and improve the country's competitive edge in international trade.

YCH is currently looking to explore additional investment opportunities for multimodal logistics centers in central and southern Vietnam. The company is also interested in potential collaborations in workforce training and logistics technology solutions, Yap added.

Given Danang’s strong economic potential and its strategic location for transportation and cargo transshipment, YCH is optimistic about the prospects of investing in a multimodal logistics center at Lien Chieu port, he remarked.

According to the city mayor, Lien Chieu port is strategically located at the end of the East-West Economic Corridor. It is being developed with an annual capacity of 50 million tons and covers an area of about 450 hectares, including both land and water surface. The Lien Chieu port area is planned to feature three docks: one for container cargo, one for general and bulk cargo, and another for liquid cargo and gas.

Chinh explained that Danang is focusing on developing the Lien Chieu port into an international gateway port, attracting major global shipping and logistics companies. The port will be capable of accommodating large vessels and facilitating container transportation and transshipment with other international ports.

Import and export goods can be directly shipped from Lien Chieu Port to European and American countries, reducing transportation costs, he said, adding it is expected to become one of the key ports in international shipping routes for large vessels, which will elevate Vietnam’s position in the global supply chain.

"The city appreciates YCH Group's interest in exploring investment and cooperation opportunities in Danang. The local government is committed to supporting and creating favorable conditions, providing full information to facilitate the group's research and implementation of strategic investment projects in the Lien Chieu port area," Chinh emphasized.

According to the municipal Statistics Office, Danang attracted $8 million in FDI in the first two month of 2025, a year-on-year decrease of 63.8%. Among these, 14 new projects registered a total capital of $7.78 million.