YCH Group Partners with Vietnamese Government to Propel SMEs onto the Global Stage

SINGAPORE, Nov. 13, 2024 /PRNewswire/ -- In a significant move to strengthen Vietnam's presence in international markets, the country's Minister of Information and Communications, Nguyen Manh Hung, has invited Singapore-based YCH Group, a leader in supply chain solutions, to leverage its extensive expertise in digital transformation to build a comprehensive supply chain platform. This initiative aims to empower Vietnamese small and medium-sized enterprises (SMEs) to thrive globally.

Advancing E-commerce Transformation

At a recent meeting, YCH Group's Executive Chairman, Dr. Robert Yap, discussed the ongoing shift towards e-commerce, noting the challenges businesses face when transitioning from traditional sales models. Recognising the importance of seamless digital transformation, YCH launched the SGConnectâ„¢ initiative and the ASEAN Smart Logistics Network (ASLN) to foster trade and connectivity across Southeast Asia.

Dr. Yap emphasised his commitment to establishing Vietnam as a modern, sustainable supply hub within ASEAN, providing essential support for SMEs to "reach the global market." To realise this vision, YCH Group is creating a "one-stop" platform to enhance digital readiness and supply chain efficiency for Vietnamese SMEs.

Central to this initiative are YCH Group's proprietary supply chain solutions, Y3 Technologies and YSG. Y3 Technologies offers end-to-end visibility, automation, and advanced analytics for efficient supply chain management, while YSG, YCH's e-commerce arm, provides SMEs with integrated support for technical, branding, and logistics needs. Together, they deliver a streamlined, cost-effective platform for SMEs to connect with major e-commerce channels like Lazada, Shopee, and Amazon.

Supporting SME Digital Transformation

Minister Nguyen Manh Hung welcomed the initiative, encouraging YCH Group to leverage its supply chain expertise to support Vietnamese SMEs. The proposed platform will offer SMEs technical support, branding guidance, and logistics solutions, ensuring the efficient, cost-effective delivery of goods to international markets. By integrating all essential services within a single platform, SMEs can achieve substantial cost savings compared to establishing independent setups across multiple e-commerce platforms.

A Strategic 'Handshake' for SMEs

Minister Nguyen Manh Hung emphasised that with a market of over 100 million people, Vietnam has more than 800,000 SMEs needing support to enhance their competitiveness on international e-commerce platforms. "Guiding our SMEs into the global marketplace is essential to their success," stated Minister Nguyen.

The Ministry of Information and Communications fully supports YCH Group's ambition to transform Vietnam into a high-tech, sustainable supply chain hub within ASEAN. Minister Nguyen also encouraged YCH to collaborate with local businesses and launch a pilot of the platform in the near future, showcasing its potential impact on SME growth. 

In Vietnam, YCH has already made substantial investments, partnering with T&T Group to develop Vietnam SuperPort™ – an 83-hectare multimodal logistics hub in Binh Xuyen District, backed by a total investment of USD 166 million. This logistics hub, backed by Memoranda of Understanding with Vietnam Airlines and the Vietnam Railway Corporation, aims to enhance last-mile connectivity and strengthen supply chain resilience. By integrating Y3 Technologies into SuperPort™ operations, YCH ensures real-time visibility and efficiency, establishing a robust logistics backbone for Vietnam's trade network.

Minister Nguyen Manh Hung also invited Dr. Robert Yap to join the Advisory Council for the Leadership and Management Training Institute of the Posts and Telecommunications Institute of Technology. Dr. Yap accepted the invitation, looking forward to sharing his knowledge in business strategy and management. underscoring YCH Group's commitment to Vietnam's development as a regional logistics and e-commerce hub.

For media inquiries, please contact: 

Cecil Chua 
Head of Corporate Communications, YCH Group 
Email: cecil.chua@ych.com  

About YCH Group 

YCH Group is Singapore's leading homegrown, 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. YCH focuses on boosting productivity and sustainability for its customers with its proprietary best-in-class suite of award-winning solutions across industries such as fast-moving consumer goods, electronics, chemical and healthcare, cold chain logistics, and e-Commerce. A strong proponent of innovation, YCH is recognised for its 7PLâ„¢ approach in seamlessly integrating supply chain strategy with execution. 

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

YCH Group Partners with Vietnamese Government to Propel SMEs onto the Global Stage

PALO ALTO, Calif., TORONTO and DUBAI, May 15, 2025 /PRNewswire/ -- Raiven Capital, a global early-stage venture capital firm, is pleased to announce its membership in the Middle East Venture Capital Association (MEVCA)—the premier organization supporting the growth of venture capital and innovation across the region.

This milestone marks Raiven's continued commitment to investing in startups in Gulf Cooperation Council (GCC), following the launch of its second Dubai Financial Services Authority (DFSA) licensed fund based in the Dubai International Financial Centre (DIFC).

"Raiven is honored to join MEVCA, the leading platform for VCs in the region," said Paul Dugsin, Co-Founder of Raiven Capital. "We believe in building ecosystems, not just portfolios. MEVCA gives us a platform to collaborate with like-minded investors, founders, and changemakers driving the region's future."

"We're delighted to welcome Raiven Capital to the MEVCA community. Their global perspective, combined with deep operational expertise, adds tremendous value to the region's growing VC landscape. Raiven's commitment to supporting founders and fostering collaboration aligns perfectly with MEVCA's mission to connect and strengthen the venture ecosystem across the region." 
— Omar AlKhawaja, Vice Chairman, MEVCA

Raiven's expansion into the Middle East complements its global footprint. The firm's first fund, launched in Toronto and Silicon Valley, was ranked in the top 10% of North American funds, in a 2025 survey of 1,800 VC firms by Carta Fund Services.

"We're seeing world-class founders and breakthrough ideas across the Middle East," said Supreet Manchanda, Co-Founder. "Our operator-investor team is deeply engaged in helping startups achieve product-market fit, scale efficiently, and create long-term value. MEVCA is a key enabler in that journey."

As Raiven builds strong relationships across the GCC, the firm is focused on its core mission: investing in bold founders building the future with AI, IoT, and other new technologies.

Check out our new and improved website at raivencapital.com that reflects our market and fund expansion.

About MEVCA

The Middle East Venture Capital Association (MEVCA) aims to serve the Middle East's entrepreneurial and investment community through a concerted effort to advance the region's venture capital industry and greater entrepreneurial ecosystem.

About Raiven Capital

Raiven Capital is a global VC, investing at the intersection of Artificial Intelligence, Internet of Things, and operational transformation. With hubs in Silicon Valley, Toronto, and Dubai, Raiven has delivered multiple successful exits since 2020. Its portfolio spans AI, IoT, deeptech and digital platform companies driving systemic change.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Raiven Capital Joins Middle East Venture Capital Association (MEVCA)