(ĐTCK) Gemadept Corporation (HOSE: GMD) held an analyst meeting on August 13, 2025, to provide an update on its business results for the first seven months of the year, outline its plans for the remaining five months, and report on the progress of key projects.
In the first seven months of 2025, Vietnam’s total import-export value reached USD 514.7 billion, up 16.3% year-on-year. Imports amounted to VND 252.26 billion, a 17.9% increase, while exports reached VND 262.44 billion, up 14.8% compared to the same period last year.
For Gemadept, with its ecosystem of seven ports spanning from North to South and its logistics network, total port throughput in the first seven months of 2025 reached over 2.82 million TEUs, an 18.4% increase year-on-year (Vietnam’s container throughput in the first six months reached 16.3 million TEUs, up 13%).
Nửa đầu năm 2025, mặc dù thị trường có nhiều biến động và thách thức từ chính sách thuế quan mới của Mỹ, xung đột địa chính trị trên thế giới, Gemadept thể hiện khả năng thích ứng linh hoạt và quyết tâm cao khi ghi nhận doanh thu đạt 2.774 tỷ đồng, tăng 29% so với cùng kỳ, hoàn thành 57% kế hoạch doanh thu 4.850 tỷ đồng; và lợi nhuận trước thuế từ hoạt động sản xuất kinh doanh chính đạt 1.261 tỷ đồng, tăng 40% so với cùng kỳ, hoàn thành 70% so với kế hoạch lãi 1.800 tỷ đồng trong năm 2025.
Despite market volatility and challenges from new U.S. tariff policies and global geopolitical conflicts in the first half of 2025, Gemadept demonstrated strong adaptability and determination. The Company recorded revenue of VND 2,774 billion, up 29% year-on-year, achieving 57% of its 2025 revenue target of VND 4,850 billion. Profit before tax from core business activities reached VND 1,261 billion, a 40% increase, completing 70% of the 2025 profit target of VND 1,800 billion.
Mr. Nguyen Thanh Binh, CEO and member of Board of Management of Gemadept shared with investors
Mr. Nguyen Thanh Binh, CEO and member of Board of Management of Gemadept, expressed optimism about the company’s business performance for the remaining months of 2025: “Although business in August has slowed slightly compared to the previous month, overall, Q3 is expected to remain strong, with potential for even higher growth in Q4. Therefore, the Company is confident in meeting and surpassing the ambitious targets set at the 2025 Annual General Meeting.”
In 2025, alongside its registered business plan targeting revenue of VND 4,850 billion and profit before tax from core business activities of VND 1,800 billion, Gemadept has also set an ambitious business plan with revenue of VND 4,950 billion and profit before tax from core business activities of VND 2,000 billion.
In addition to updating business performance, Gemadept’s leadership also shared insights on the Company’s medium- and long-term business strategies.
Nam Dinh Vu Port
Regarding investment projects, Gemadept shared that the Nam Dinh Vu Port – Phase 3 project is expected to begin trial operations in October 2025 and officially commence in Q4 2025. Phase 3 will expand the port by an additional 25 hectares with an investment of approximately VND 2,800 billion, increasing Nam Dinh Vu Port’s capacity by 650,000 TEUs and 40,000 tons of bulk cargo upon operation.
“For Nam Dinh Vu Port Phase 3 project, Gemadept is accelerating progress to start trial operations in October and officially commence operations in Q4 2025. Once it is operational, it will attract many potential customers and enable new service routes, ensuring operational efficiency. Notably, the completion of dredging to deepen the Ha Nam channel from -7m to -8.5m has allowed the Nam Dinh Vu Port Cluster to accommodate vessels up to 50,000 DWT, enabling shipping lines to increase transport capacity by 30% and eliminating the need to wait for tides as before,” said Mr. Nguyen Manh Ha, the Company’s Marketing Director shared.
Currently, Phase 3 includes a dedicated area designed for handling OOG cargo, which is a distinctive advantage for Nam Dinh Vu Port in the Hai Phong region. Additionally, the Nam Dinh Vu Port Cluster is part of Hai Phong’s planned free trade zone, offering significant development potential in the near future once Phase 3 is officially operational.
For the Gemalink Port – Phase 2A project, operations are expected to commence in 2027, with a scale of 11 hectares and an investment of approximately USD 200 million. Once operational, it will increase Gemalink Port’s capacity by an additional 900,000 TEUs. Concurrently, Gemadept is actively seeking opportunities to invest in expanding its port and logistics ecosystem.
Regarding non-core investment activities, Gemadept continues to seek potential investors to divest from the Saigon GEM project, Vientiane Hotel (Laos), and prioritizes divestment from the forestry project in Cambodia.
Furthermore, with its long-term development strategy, Gemadept continues to actively seek opportunities to invest in key national projects, such as the Nam Do Son Port project with a scale of 5,000 hectares and an investment of USD 5 billion, and the Cai Mep Ha Logistics Center project with a scale of 1,256 hectares and an investment of USD 1.2 billion.
CEO Nguyen Thanh Binh further shared that the company is developing a vision and business plan for the next five-year period of 2026–2030, which is expected to be presented to shareholders at next year’s Annual General Meeting. In this plan, Gemadept is determined to maintain its leading position in the port and logistics sector, targeting compound growth for the next five years that is equal to or higher than the 2021–2025 period.
“To sustain higher growth momentum in the next five years compared to the previous period, Gemadept needs to continue investing in key national projects. The Company is focusing on developing and enriching its port and logistics ecosystem, enhancing operational capacity and efficiency,” Mr. Binh emphasized.
Additionally, Ms. Bui Thi Thu Huong, Chief Financial Officer, shared about strategic partnerships, noting that three shipping lines are currently interested in becoming strategic partners for Gemalink. Among them, Gemadept will select the most suitable partner that contributes the greatest value to the Company’s ecosystem.
In July 2025, Gemadept negotiated with banks to fully settle its USD-denominated loans. As a result, starting from Q4 2025, the Company will no longer be affected by exchange rate fluctuations and may benefit from foreign currency revenue if exchange rates continue to rise in the future.
