Singapore’s logistics giant YCH targets four US$300 million SuperPorts across Asean by 2030
The first project in Vietnam will serve as a model for the company to replicate in other regional markets, says chairman
[HO CHI MINH CITY] Singapore logistics provider YCH Group is set to invest in at least four SuperPorts – which are multimodal logistics ports – across South-east Asia over the next five years, starting with hubs in Vietnam and Cambodia.
Additional projects – including those following the model of YCH’s iconic Supply Chain City in Singapore – are also planned for Malaysia, Indonesia, the Philippines and Laos, and will enhance the region’s cargo flow, said executive chairman Robert Yap in an interview with The Business Times.
“The cargo base in the region is growing as Asean economies are growing at a high single digit annually. With this kind of growth, we must create alternate solutions to allow more efficient flows of goods,” he said.
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