In Vietnam, YCH Group has cooperated with T&T Group (Vietnam) to invest in developing the Vietnam SuperPort multimodal logistics center with a scale of 83 hectares in Vinh Phuc province, with a total investment of 166 million USD. This is the first and largest multimodal logistics center in Vietnam with the goal of enhancing Vietnam's integration into the global supply chain, reducing logistics costs and increasing competitive advantages in international trade.
The Group currently has a need to research and invest in a multimodal logistics center in the Southern region, with a scale of about 70-80 hectares, and explore opportunities for cooperation in human resource training and cooperation in technological solutions in the logistics field.
At the meeting, Dr. Yap Kwong Weng - CEO of Vietnam SuperPort said that geopolitical tensions have led to the diversification of supply chains to Southeast Asia.
Therefore, Vietnam needs to accelerate the development of logistics infrastructure to meet the growing demand. At the same time, promote logistics connectivity and integration through the Smart Logistics Network in the ASEAN bloc.
Currently, Vietnam SuperPort is a pioneer in green logistics for responsible, sustainable and scalable development both within and outside Singapore. Vietnam Super Port development aims to become Asia's first Net-Zero logistics port by 2040, including: industrial - urban development to boost local economy and improve quality of life; highly integrated renewable technologies such as smart grid, green infrastructure, etc. The port will have advanced technologies, a strong multimodal supply chain network and a commitment to achieving net zero emissions.
Realizing that Tay Ninh province has many potentials and advantages in economic development, YCH Group hopes to cooperate and connect with Tay Ninh province in the coming time, to expand cooperation with the southern provinces. Thereby, the Group commits to cooperate with partners to meet the needs of the supply chain in the region, while ensuring the ability to recover from disruptions.
At the meeting, Standing Vice Chairman of the Provincial People's Committee Nguyen Hong Thanh informed the delegation about the socio-economic situation of the province and the investment situation of Singapore in Tay Ninh. Accordingly, 2024 is identified by the province as a year of acceleration and breakthrough, of special importance in implementing the 5-year Socio-Economic Development Plan 2021-2025. Solutions to improve the investment environment, remove difficulties and obstacles, and support production and business in various fields are focused on by the province.
In 2024, the socio-economic situation achieved some positive results. The total provincial product (GRDP) is estimated at 64,925 billion VND, an increase of 8.45% over the same period. The industrial production index (IIP) reached more than 13%, compared to the 2024 plan, an increase of 15%. The proportion of processing and manufacturing industry in GRDP reached more than 37%, of which the processing and manufacturing industry group increased by more than 13%; the electricity, gas, hot water, steam and air conditioning production and distribution industry group increased by 7.3%; the water supply, waste and wastewater management and treatment industry group increased by 9.6%.
Export turnover reached 6.65 billion USD, exceeding the plan by 2%; import turnover reached 5.69 billion USD, up more than 11% over the same period. Total social development investment capital is estimated at 44,310 billion VND, up 8.7%, reaching 35.8% of GRDP. Total state budget revenue in the area is estimated at 12,249 billion VND, up 6.5%.
The province has granted certificates of registration for new establishment to 812 enterprises with a total registered capital of VND6,826 billion. In total, the province has 8,875 enterprises with a total registered capital of VND207,356 billion.
Foreign investment attraction is estimated at 455 million USD, of which 31 new projects with investment capital of 154 million USD were granted. In total, the province has 386 valid foreign investment projects with registered capital of 9,916 million USD, of which 247 projects are in operation with capital of 7,932 million USD.
Regarding Singapore's investment situation in Tay Ninh, in 2024, the province will have 2 new Singaporean investment projects registered for investment, with a total registered capital of 8 million USD.
Cumulatively, in Tay Ninh province, there are currently 20 projects with investment capital from Chinese investors that are still in effect with a total registered capital of more than 800 million USD, ranking 5th in terms of the number of projects and 3rd in terms of total capital of FDI investors in the province.
Logistics investment and development has been planned by the province and is of great significance to the economic development of the province. The province continues to create the most favorable investment and business environment for investors and enterprises to implement investment projects in the province, aiming at international business environment standards, macro stability, removing bottlenecks in administrative procedures, infrastructure, human resources, etc.
The province also hopes that YCH Group will continue to share experiences and cooperate in areas where Singapore has strengths such as renewable energy, digital transformation, etc. to support Tay Ninh province in promoting its potential advantages and investment attraction policies to Singaporean enterprises.
Nhi Tran
Source: https://baotayninh.vn/tim-hieu-ve-tinh-hinh-dau-tu-phat-trien-co-so-ha-tang-logistics-a182730.html
Comment (0)