Mr. Duong Van An, Secretary of the Vinh Phuc Provincial Party Committee at the meeting with T&Y SuperPort Vinh Phuc JSC, led by CEO Yap Kwong Weng

At the meeting, CEO Yap Kwong Weng said that the ICD project has completed a 10,000 m² bonded warehouse on 2.3 ha and is preparing to build three additional warehouses and a dry port on 13 ha. The company has received licenses from the General Department of Vietnam Customs and the Civil Aviation Authority, along with international certifications for customs clearance. Next, the project aims to evolve into a smart multimodal logistics center utilizing advanced technology and clean energy, enhancing logistics in northern Vietnam and beyond.

However, the company has encountered some difficulties in implementation. The company hoped to receive support from Vinh Phuc province to deal with the policy of carrying goods directly to the airport runway to reduce cost and time and increase business efficiency; determine land prices to enable the company to pay one-time land rent for the entire project; and speed up land compensation and site clearance to execute the next items of the project in Binh Xuyen district.

Emphasizing the role and importance of the ICD to economic development a dynamic locality without any large-scale seaport or river port like Vinh Phuc, Secretary of the Provincial Party Committee Duong Van An stated that the implementation of the ICD project is consistent with the province's policy of attracting high value-added export-driven projects and bringing more economic value to the province while facilitating local companies to conduct import and export activities. Remarking on project difficulties faced by the company, An said that Vinh Phuc will always support companies and remove difficulties and obstacles for them, including the ICD project of the company.

Logistics is a new field, he said, adding that determining land prices for the project thus needs to be studied to ensure regulatory compliance, especially the amended Land Law passed recently by the National Assembly. He also assigned the Department of Natural Resources and Environment to hire a consulting unit to work with the land valuation council to study and soon announce land prices. The Binh Xuyen People’s Committee was tasked to coordinate with relevant units and the company in site clearance and land handover for project execution.

An advocated digital transformation, green transformation and circular economy in the business development strategy of the company, suggesting that the company pay attention to the security and safety of goods during transportation to ensure aviation security; mobilize resources to complete existing items and soon put the project into operation. Regarding the company’s recommendations on merchandise import and export activities at the airport, the province will report to the central government to direct competent agencies to resolve them according to their authority.

T&Y SuperPort Vinh Phuc Joint Stock Company is a joint venture between T&T Group of Vietnam and YCH Group of Singapore, a leading logistics firm with over 6,500 employees across Asia. In Vinh Phuc, the company completed and operated the first phase of Vinh Phuc Logistics ICD Center with a cargo clearance capacity of about 400 tons a day, meeting the demand for container cargo transportation in the province and northern provinces.