YCH Group Drives ASEAN BAC�s Legacy Project, SGConnect� In Vietnam Together With T&T Group

YCH
Group will also support in key growth areas, namely urban solutions, smart
logistics and robotics

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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.

 

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.

About YCH Group

 

Founded in 1955 and headquartered in
Singapore, YCH Group is the leading end-to-end supply chain solutions partner
to some of the world’s largest companies and favourite brands across more than
100 cities in the Asia Pacific region. A strong proponent of innovation, YCH is
recognized for its 7PL™ approach in seamlessly integrating supply chain
strategy with execution. YCH’s launch of Supply Chain City®, Asia’s nexus of
supply chain excellence on 22 September 2017 will create new benchmarks in the
logistics and supply chain industry, supporting Singapore’s key growth areas,
namely in urban solutions, smart logistics and robotics.

 

For more information, please visit www.ych.com

 

About T&T Group

 

T&T Group is one of the few private economic
groups honoured to receive the First-Class Labour Medal from the Socialist
Republic of Vietnam and the Certificate of Merit from the Prime Minister. In
early 2018, T&T Group was honoured to receive the fastest growing business
award in Vietnam in 2018, ranking 6th in the Vietnam FAST500 in 2018. On
October 9th, T&T Group was honoured to receive Thang Long Cup 2018 by Hanoi
People’s Committee. The award honours enterprises with excellent achievements
in production and business activities, actively contribute to the construction
and development of Hanoi, Capital of Vietnam.