SINGAPORE – Media OutReach – 15 November 2018 – YCH Group, Asia Pacific’s leading integrated end-to-end supply chain management and logistics partner signed a Memorandum of Understanding (MoU) with T&T Group, a multi-industry Vietnamese corporation to look at establishing Smart Growth Centres in Ho Chi Minh and Hanoi as part of SGConnect™ (Smart Growth Connect), ASEAN Business Advisory Council’s (ASEAN BAC) fifth Legacy Project.
YCH Group Drives ASEAN BAC’s Legacy Project, SGConnect™ In Vietnam Together With T&T Group
As the supply chain hub for urban cities, these Smart Growth Centres aim to distribute and manage a range of different products for the city population while reducing socio-economic burden such as pollution, congestion and noise. These Centres will maximise distribution efficiencies, with data-enabled real-time visibility of goods movements and quality control.
T&T Group will be working with the Vietnamese government and its local authorities for all necessary works and procedures during the location selection and project implementation process. YCH Group will establish the project implementation plan, including the list of investment items and a detailed action plan.
The MoU was endorsed by ASEAN BAC at the ASEAN Business and Investment Summit 2018. Along with the announcement of the MoU, ASEAN BAC also shared about Oeuvre, a new app-based solution that would relieve city traffic congestion by intelligently coordinating goods deliveries across the cities based on the availability of loading bays at retail malls and key delivery nodes. Solutions such as Oeuvre would be one of many technologies incorporated into the Smart Growth Centres.
ASEAN Business Advisory Council witnessed the MoU between YCH Group, represented by Ms Chan Yoke Ping, Regional Director (fifth from right) and T&T Group, represented by Mr Doan Tuan Anh, Deputy General Director.
“ASEAN BAC’s Smart Growth Connect legacy project is totally in line with the development orientation of T&T Group. This project will not only bring about economic benefits, but also promote the development of production, goods circulation, import and export as well as build a new face for the logistics industry in Vietnam. In addition, the project is fully aligned with the global trend in the 4.0 revolution, bringing high technology into cutting edge areas, including logistics. I believe this will be a regional legacy project in the very near future,” said Chairman and CEO of T&T Group, Mr Do Quang Hien.
“YCH Group has been providing supply chain management solutions in Vietnam since 2009 and have grown together with our partners here. This is largely because we believe in developing symbiotic and sustainable growth with our partners, and we do so by sharing and exchanging our know-how and best practices with them and the local Vietnam workforce. We believe in inclusive growth and are proud to pioneer this legacy project with T&T Group,” said Ms Chan Yoke Ping, Regional Director of YCH Group.