A $300 million logistics hub is betting Vietnam can move beyond the assembly line—if Washington lets it, and Hanoi can deliver

Detailed summary

Vietnam SuperPort CEO Yap Kwong Weng is building for a “super normal” economy.

Yap Kwong Weng is a little frustrated with where U.S. tariffs on Vietnam are right now.

“U.S. tariffs have changed three times this year,” the Vietnam SuperPort CEO tells Fortune. When the year began, tariffs on Vietnamese goods stood at 20%, as agreed by Washington and Hanoi as part of an interim trade framework in October 2025. Then, in February, the Supreme Court struck down the reciprocal tariffs U.S. President Donald Trump imposed in April 2025 as unlawful; Trump, in response, imposed a global 10% tariff on all imports.

Since July, most Vietnamese goods now carry a 12.5% import duty, following a U.S. Section 301 investigation into forced labor enforcement. Tariffs are likely to change again—either due to ongoing trade negotiations between the U.S. and Vietnam, or following further U.S. probes into industrial overcapacity and intellectual property protections.

“Companies now have stopped looking at stability,” Yap says. “Now they are planning for uncertainty.”

Yap is the CEO of Vietnam SuperPort, a joint venture between Singapore’s YCH Group, a family-owned logistics company, and T&T Group, a Vietnamese conglomerate. Based in Phu Tho province, north of Hanoi, the 83-hectare logistics hub sits on the corridors linking Vietnam’s electronics manufacturing belt to the Chinese border, where most of the components come from. The idea is that road, rail, air, and sea transit works as one service, so an exporter can tap one predictable route rather than four different modes.

The SuperPort’s air cargo terminal is already operational, and Yap claims that monthly revenue has increased fivefold since July. Customers include FedEx, major global forwarders, and top electronics and AI hardware companies.

Yap’s rule, he says, has been to be “the most trusted first.” That instinct is now being tested on a national scale. SuperPort’s roughly $300 million hub is a bet that Vietnam can graduate from routine final assembly to a genuine logistics and value-added base.

That strategy now…

Viet…

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