On October 22, 2025, in Ho Chi Minh City, Gemadept Corporation (HOSE: GMD) and the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) officially signed a Comprehensive Cooperation Agreement, marking an elevation in the strategic relationship between the two national pillar enterprises in the fields of Port Operations – Logistics and Finance – Banking.
Elevating cooperation: Creating an Integrated Value Chain and Sustainable Development
The signing ceremony took place solemnly with the presence of the Boards of Management, the Boards of General Directors and senior leaders of both sides. This special event not only marks an important milestone in elevating the long-term strategic partnership, enriching the ecosystems of the two strategic partners, but also aims to promote green and sustainable growth and enhance the role of enterprises, contributing to the common development in the era of the country’s rise.
Mr. Le Quang Vinh, Member of the Board of Management and General Director of Vietcombank, said: “With strong financial potential, a wide network of operations, and a sustainable development strategy, Vietcombank is committed to continuing to play the role of ‘financial core’ in Gemadept’s key seaport and logistics infrastructure projects, contributing to the country’s rapid and sustainable development. Vietcombank and its partners will always be proactive, shifting their position from ‘following’ to ‘leading’, managing domestic resources, effectively connecting with international capital flows to best meet the financial service needs of leading partners and customers, typically Gemadept, which are of larger scale and more complex structure.”
Mr. Le Quang Vinh – Member of the Board of Directors, General Director of Vietcombank (right) and Mr. Nguyen Thanh Binh – General Director of Gemadept Corporation (left) representing the two entities, signed the comprehensive cooperation agreement in the presence of the delegates.
Speaking at the ceremony, Mr. Nguyen Thanh Binh, CEO of Gemadept, emphasized: “Today’s agreement goes beyond the framework of a normal business relationship. This is the fusion of two important flows in the economy: the flow of goods, data, and capital needs of Gemadept, with the flow of finance, digital technology, and sharp risk management of Vietcombank.”
Mr. Nguyen Thanh Binh – CEO of Gemadept spoke at the ceremony
Accompanying the “Green Logistics” and Digital Transformation Strategy
With over 35 years of formation and development, Gemadept currently owns and operates seven ports and ICDs (Inland Container Depots) from North to South with a total capacity of over 4 million TEU, along with a Logistics network across six sectors, including 23 Distribution Centers (total area of 450,000 m²), Air Cargo Terminal, Inland Waterway Transport, OOG Cargo Transportation, Cold Chain Logistics, and Auto Logistics. The Company is steadfastly pursuing the Green Logistics strategy, investing in smart infrastructure and digital transformation to optimize the supply chain and reduce operational emissions, contributing to the realization of the Vietnamese Government’s Net Zero commitment by 2050.
Vietcombank is currently the lead bank arranging capital for many of Gemadept’s key seaport infrastructure projects, notably financing a medium-to-long-term credit package worth 4,776 trillion VND for the Cai Mep Gemadept Terminal Link (Gemalink) Project—Vietnam’s leading large-scale, modern deep-sea port, ranked among the Top 19 commercial ports globally capable of receiving the largest container vessels, up to 250,000 DWT.
With a strong partnership spanning nearly 25 years, Vietcombank is committed to prioritizing the provision of green finance packages, sustainable investment products, and smart cash flow management solutions to accompany Gemadept in its strategic investment projects.
Creating Synergy, Raising National Status
CEO Nguyen Thanh Binh shared: “When Vietcombank’s financial strength is combined with Gemadept’s modern logistics services, we not only create more value for customers but also contribute to enhancing national competitiveness, thereby supporting the nation’s journey of rising in the integration era.”
With the harmony in core values — “Accompanying and Developing” of Gemadept and “Developing Together – Prospering Together” of Vietcombank — the signing ceremony of this comprehensive cooperation agreement not only extends the journey of sustainable cooperation but also opens up a new direction for the two enterprises in the journey of creating a green and modern Logistics-Finance ecosystem, contributing to raising the standing of Vietnamese enterprises in the regional and international arena.
