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.
The Lien Chieu port area, Danang city, central Vietnam. Photo by The Investor/Thanh Van.
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.
The 15th National Assembly (NA) on June 27 passed the law on national defence-security industry and industrial mobilisation in its ongoing seventh plenary session.
Specifically, all the 464 deputies present in the sitting, or 95.47% of the total number of deputies, said “yes” to the law.
The law comprises seven chapters and 86 articles.
Article 80 in the draft law proposed earlier about the responsibilities of People’s Court was removed, while Article 28 was added on the development of technologies with dual purposes and Article 71 on training, research, and expert exchanges to serve defence-security industry.
Good Way Technology, a Taiwan-based original design manufacturer (ODM) specialized in computing and mobile peripherals, will invest $15 million more in Vietnam.
In a recent filing with the Taipei Exchange (TPEx), Good Way Technology said it would invest $15 million in Good Way Cayman and then reinvest the entire amount in its sub-subsidiary Good Way Technology Vietnam.
The construction site of Good Way Technology factory in Thai Binh province, northern Vietnam. Photo courtesy of Lao Dong (Labor) newspaper.
The purpose of the move is “long-term investment,” according to the filing.
Good Way Technology Vietnam received an investment certificate for the project in October 2023. In February 2024, it kicked off the construction of a $45 million factory in the northern province of Thai Binh.
The factory, located in the Lien Ha Thai Industrial Park, will manufacture peripheral devices like USB connectors for computers. It will have an annual capacity of 3.7 million items.
Construction of the project’s first phase is scheduled for completion in Q3/2024, enter trial production the next quarter and start official production in Q1/2025.
Corresponding times for the second phase will be Q4/2026, Q1/2027 and Q2/2027.
In an extraordinary achievement, Winner Medical has reached a significant milestone by selling over 12.9 billion pieces of its innovative Winner 100% cotton face towels globally in 2024.
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