ASEAN 2020: Launching Ceremony of ASEAN Smart Logistics Network
In the framework of the 37th ASEAN Summit and related Summit, on the afternoon of November 14, Vietnamese Prime Minister Nguyen Xuan Phuc and Singaporean Prime Minister Ly Hien Long witnessed and had an article together. speaking at the Launching Ceremony of ASEAN Smart Logistics Network (ASLN) with the first project “ICD Vinh Phuc Logistics Center” (SuperPort). At the ceremony, Prime Minister Nguyen Xuan Phuc emphasized the important event among Vietnamese and Singapore enterprises are a testament to the spirit of ASEAN cohesion and the initiative of adaptive and creative thinking of enterprises. 2020 is the time when ASEAN is going halfway towards building a peaceful, stable and sustainable ASEAN Community 2025. However, the COVID-19 pandemic suddenly broke out, spreading, affecting the health of the people, disrupting production, and serious economic decline in the global and ASEAN region. “At the 37th ASEAN Summit, Prime Minister Ly Hien Long and I and my ASEAN colleagues agreed that we must both control the COVID-19 epidemic and ensure the health of the people and production recovery, growth momentum, including strengthening the supply chain, ensuring production, goods and services rotation ”, said Prime Minister Nguyen Xuan Phuc. Xuan Phuc welcomes the launch event of ASEAN Smart Logistics Network with the project “ICD Vinh Phuc Logistics Center”; affirming that the project is the pink brick, contributing to the construction of the ASEAN cooperation bridge and the friendly connection between Vietnam and Singapore, said Prime Minister Nguyen Xuan Phuc: The ICD Vinh Phuc Logistics Center “is the public. The Welcome to the 37th ASEAN Summit and the signing event of the Regional Comprehensive Economic Partnership (RCEP) is expected to be signed on November 15.
Expressing his pleasure to witness this meaningful event, Singapore Prime Minister Ly Hien Long affirmed: The two countries Singapore and Vietnam have very strong business links. In 2019, Singapore is also the largest investment partner in Vietnam among ASEAN countries. Bilateral trade between Vietnam and Singapore in 2019 has a growth rate of 10%. So far, Vietnam-Singapore industrial zones have attracted $ 14 billion in investment in Vietnam, according to Prime Minister Ly Hien Long, these things have been realized through mutual trust between people and communities. enterprises of the two countries. Despite the challenges caused by the COVID-19 pandemic, companies and corporations of Vietnam and Singapore still find a common voice to be able to implement the projects, Prime Minister Ly Hien Long said. the largest logistics project of a Singapore Group in Vietnam. The project will provide infrastructure support for Vietnam and Vietnam’s growing export industry; from then on, to catch up with the trend of the fourth industrial revolution, achieve the sustainable development goals. These are also ideal for the future of Vietnam and ASEAN.SuperPort will be one of the pioneering projects in the ASEAN Smart Logistics Network. This will strengthen logistics supply chains in the region, support ASEAN’s economic integration efforts as well as on-going initiatives such as: ASEAN Connectivity Master Plan 2025, Urban Logistics Network Smart ASEAN and ASEAN Integration Initiative. Prime Minister Ly Hien Long believes that although the COVID-19 pandemic is still raging, ASEAN will once again grow stronger and enjoy a beautiful future ahead; Looking forward to the good cooperation between Vietnam and Singapore to continue to grow in the coming time. The North is invested by T&T Group and its two Singaporean partners, YCH Group Pte Ltd and YCH Holdings. Noi-Lao Cai, the flows of goods from China through Lao Cai border gate and is a place for storing and distributing goods for production and consumption activities to provinces and cities: Hanoi, Lao Cai, Yen Bai , Phu Tho, Vinh Phuc, Tuyen Quang and Ha Giang.
Besides, with the function of an ICD, the Center is also responsible for the function of inland cargo clearance, traffic hub and important multimodal transport forwarding in the region; responsible for customs clearance, customs procedures for import and export goods … The project has a total investment of 3,878.7 billion VND, equivalent to 166.68 million USD, of which phase 1 is 2,077.79 billion copper; Phase 2 is 1,800.91 billion VND, investors will contribute equity 767.91 billion VND, accounting for 20% of the total investment capital, of which T&T Group contributes 307.16 billion VND, equivalent to 13, 2 million USD, accounting for 40% of contributed capital; YCH Group Pte Ltd contributed VND 345.56 billion, equivalent to USD 14.85 million, accounting for 45% of contributed capital; YCH Holdings (Pte) Ltd contributed 115.19 billion VND, equivalent to 4.95 million USD, accounting for 15% of the capital contribution. The rest will be raised from commercial loans. Investment schedule for project implementation is 50 months from the date of decision on investment policy.
Source: collect
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