The east sea is an essential component of the direct maritime route that links the Indian and Pacific Oceans, and as such, it plays a vital role in the maritime trade of ASEAN and the world. To capitalize on its advantages and promote the growth of the logistics industry, southeast Asian countries are making significant efforts to develop their seaport systems and road transport.
International Finance Corporation (IFC) and T&Y Superport Vinh Phuc Joint Stock Company, a joint venture between Singaporean logistics company YCH Group and Vietnamese conglomerate.
The Southeast Asia s logistics sector is set to receive a significant boost following a new partnership between the International Finance Corporation (IFC) and two of the region s leading companies, which will work together to develop an international logistics "super port" in Viet Nam.