The "super port" ICD Vinh Phuc will be integrated with the most modern AI technology in the world, combined with breakthrough technology solutions to improve the efficiency of the logistics system in Vietnam, making Vietnam a strategic link in the global supply chain. On the morning of October 1, at Hoa Lac High-Tech Park (Hanoi), the Vietnam Innovation Day 2024 and the 5th anniversary of the National Innovation Center (NIC) took place. The event was honored to have the participation of the Prime Minister, leaders of ministries, departments, central and local agencies; The world's leading "big tech" such as Meta, Nvidia, Qualcomm... and a number of large domestic corporations such as T&T Group , Viettel, Sovico, FPT, THACO... At the event, the "super port" ICD Vinh Phuc - Vietnam SuperPort™ by the joint venture T&T Group and YCH Group (Singapore) brought extremely impressive Apple Vision Pro experiences to visualize the new future of Vietnam SuperPort™. Virtual reality technology highlighted the "Park within a Park™" model, integrating all supply chain management services on road, rail, air and sea in a single logistics center. This initiative helps to seamlessly connect, improve supply chain efficiency and strengthen the position of Vietnam SuperPort™ as a key factor in the logistics industry in the region. "Super port" ICD Vinh Phuc pioneers in developing breakthrough technology solutions Presenting to the Prime Minister at the Vietnam Innovation Day 2024, Dr. Yap Kwong Weng, CEO of Vietnam SuperPort™, said that Vietnam SuperPort™ will integrate artificial intelligence (AI) solutions that have been successfully deployed at Supply Chain City (SCC) in Singapore that YCH Group has previously successfully developed.

Prime Minister visits Vietnam SuperPort™ exhibition area

Typical examples include the Automated Storage and Retrieval System (ASRS), Autonomous Guided Vehicles (AGV), Drone Inventory Management System (drones), Autonomous Mobile Robots (AMR). According to T&Y experts' calculations, the application of ASRS technology can optimize storage space up to 7 times and reduce 95% of the time it takes to transport goods in the warehouse. Or, using Drones to replace humans and a fixed camera system to control goods will help shorten the time, taking only 12 minutes to complete the count (while previously it would take 2 people and up to 1 day to count the goods of a large warehouse area). Notably, according to the representative of T&Y, not only taking advantage of modern AI technologies that have been successfully applied at Supply Chain City, the "super port" ICD Vinh Phuc will pioneer breakthrough technology solutions through continued cooperation with the world's leading technology partners to develop new technologies such as advanced Warehouse Robots to optimize workflows and speed up order processing; ESG platform uses blockchain and AI technology to develop digital twins to help track and minimize carbon "footprints"; Develop an integrated Logistics market to connect businesses and logistics service providers, helping to increase transparency and improve access to capital through AI.

Dr. Yap Kwong Weng, CEO of Vietnam SuperPort™, presented on the future of “super ports”

Vietnam SuperPort™ - the first "super port" in the ASEAN smart logistics network, and one of the largest logistics centers in the North. This is a multimodal logistics port, covering an area of ​​up to 83 hectares, with a total investment of about 200 million USD, located in the industrial "capital" of Binh Xuyen, Vinh Phuc, invested and developed by T&Y SuperPort Vinh Phuc Joint Stock Company - a joint venture between Bau Hien's T&T Group and YCH Group (Singapore). Located on the Northern economic corridor, Vietnam SuperPort™ connects 20 industrial parks with major seaports and airports, including Hai Phong, Noi Bai and extending to Yunnan and Kunming provinces, China. Inheriting nearly 70 years of experience in the logistics field from YCH Group, Vietnam SuperPort™ also takes advantage of connecting with global supply centers across Asia, including China, India and Southeast Asia. Vietnam SuperPort™ is positioned as a strategic multimodal logistics hub, connecting the China-Southeast Asia freight network with global markets via road, rail, air and sea. As a key node in the ASEAN smart logistics network, Vietnam SuperPort™ is built to enhance regional integration and cross-border trade, promoting a seamless, faster and smarter supply chain. “Vietnam SuperPort™ is not just building infrastructure. We are creating a sustainable and advanced ecosystem, strongly applying modern technologies to improve the efficiency of the logistics system in Vietnam, expanding the supply chain from China to the ASEAN region. With Vietnam SuperPort™, we are opening a new era of the logistics industry together, making Vietnam a strategic link in the global supply chain”, CEO of Vietnam SuperPort™ affirmed to the Prime Minister at the Vietnam Innovation Day 2024. Opening a new era of the logistics industry According to the World Bank (WB), Vietnam ranked 43rd in the Logistics Performance Index (LPI) 2023. Singapore ranked No. 1 in this table. According to the Vietnam Logistics Business Association (VLA), Vietnam's current average logistics costs are at 16.8-17% of GDP, much higher than the world average of 10.6%. If calculated in the ASEAN region, Vietnam's logistics costs are higher than those of Singapore (at 8.5%), Malaysia (13%) and Thailand (15.5%). Singapore is known as one of the most advanced countries in the world in the field of logistics. This country is considered a model in planning, investing and exploiting the development of the logistics service industry at the regional and global levels. One of the "highlights" that helps this island nation to be at the top of the world's logistics industry and contribute to the prosperity of the national economy is the application of technologies such as artificial intelligence, blockchain and IoT to optimize logistics processes, improve operational efficiency and reduce logistics costs. The application of these advanced technologies is expected to soon bring Singapore's logistics costs down to 5% or even lower.

Vietnam SuperPort™ perspective invested and developed by T&T – YCH Joint Venture

In Vietnam, the application of artificial intelligence technology in logistics is an urgent solution today. According to Decision No. 200 of the Prime Minister, one of the tasks to improve the competitiveness and develop Vietnam's logistics services by 2025 is to "research and apply new technologies, technical advances, modern technologies in management, operation, and training on supply chains to achieve higher quality logistics services". According to the National Digital Transformation Program to 2025, with a vision to 2030 approved by the Prime Minister, logistics is one of the eight industries that need to be prioritized for digital transformation first. The application of technology in logistics will bring many benefits. Research shows that applying technology to logistics activities helps businesses reduce delivery costs by 14% and increase the number of goods delivered per vehicle by 13%. In addition, breakthrough technologies allow logistics companies and service providers to further optimize costs and increase delivery productivity by intelligently planning routes to ensure more pickups and deliveries. In addition, AI logistics also helps improve the competitiveness of domestic logistics enterprises, becoming a driving force to attract investment, especially FDI enterprises, "big tech" in technology, microchips, semiconductors, etc.

PV