Company’s news

Gemadept: Building Trust - Shaping a Sustainable Future

[ {{formatDate('2024-06-17T07:51:09.600Z')}}]

In recent years, the world has continuously witnessed many major fluctuations, challenges and difficulties from geopolitical issues to pandemics, with the most recent trade tensions between the US and China, leading to a shift in global supply chain that is becoming increasingly evident.

Despite these changes, Vietnam positively emerges with many potential. With drastic action programs to improve the investment environment and transparency policies towards the international standards, Vietnam is a hotspot that attracts investors from the US, China and other countries, opening up golden opportunities for the domestic business community.

To welcome these opportunities, Vietnamese businesses need to proactively build a solid foundation, transparent management and have trust as the core value of the business. In a proud journey over the past 3 decades, every step of Gemadept's growth has been built from the trust of shareholders, partners, customers, and employees. For Gemadept, creating and preserving a culture of trust is not just a choice, but a mission on the journey towards a sustainable future.

Trust - The key to sustainability

In the era of digital transformation, when information spreads at a lightning speed and business ethical standards and corporate responsibility are increasingly emphasized, trust becomes an invaluable "asset" and is the guiding principle in all decisions and actions for any business that wishes to thrive.

One way to build Gemadept's trust is through change management, flexibility in solutions, transparency in management, and improving service quality to establish lasting partnerships with clients. Trust is the cornerstone for Gemadept's strong corporate culture, transparent management, responsibility to the community and society, ultimately contributing to promoting economic flow for the country.

With more than 34 years of experience in the field of port operations and logistics, Gemadept deeply understands the value of trust. Pioneering, Responsibility and Integrity - three of Gemadept's nine core cultural principles - are instilled and clearly expressed in all activities and directions of the Company, from business strategy to corporate culture.

Gemadept: Journey in Building Trust

Gemadept understands that trust needs to be sown and nurtured through a long and persistent journey. Since the early days of its establishment, with the desire to make its mark in the global logistics industry, Gemadept has continuously strived to gradually create trust and build the image as a reliable partner of businesses, multinational corporations, foreign shipping lines, and import-export customers.

Trust is not just a slogan, but is consolidated through specific actions, ensuring service quality, complying with commitments, obligations, and implementing corporate responsibilities.

Over the years, Gemadept's efforts and commitment to information transparency have been clearly demonstrated through independently audited financial reports, annual reports, and sustainable development reports with full information and numbers. In recognition of its transparency and sustainability efforts, Gemadept was awarded the most reliable Annual Report and Sustainable Development Report by the Ho Chi Minh City Stock Exchange (HOSE) and the Vietnam Securities Depository (VSD) in 2023.

Besides quarterly reports and newsletters, Gemadept proactively updates information on business activities, development strategies, project progress, environmental, social and governance (ESG) activities of the company on press media platforms, website, social networks, as well as through face-to-face meetings, forums, conferences.

In order to meet the requirements of all parties, Gemadept has pioneered the successful application of international standards and systems on environmental and social management. These include the Green Port Standards of the Vietnam Maritime Administration (TCCS:2018 CHHVN), ISO 14001:2015 Environmental Management System, and ISO 45001:2018 Occupational Health and Safety Management System. Gemadept also conducts greenhouse gas inventory according to ISO 14064-1:2018 standards, aiming for a roadmap to reduce emissions.

With a focus on digitalization and green transformation, Gemadept strengthens the trust of customers, partners, and investors. This commitment to sustainability has been recognized by international financial institutions, leading to Gemadept's successful signing of sustainable credit lines with international banks.

Another testament to Gemadept's success is its Port-Logistics ecosystem. This network increasingly attracts the world's largest and smartest vessels, contributing to trade promotion and supporting the country's import-export growth. Notably, the World Bank and S&P Global Market Intelligence's June 4th report on the Container Port Performance Index 2023 recognized this success. Vietnam's Cai Mep Port Cluster, a key component of Gemadept's ecosystem, ranked among the top 10 most effective container ports globally for the first time, securing the 7th position. This achievement places Cai Mep 5th in Asia and trails only Tanjung Pelepas Port in Southeast Asia. Gemalink Deep-sea Port, a crucial part of the Cai Mep Port Cluster, undoubtedly contributes positively to these overall results. Its efficiency and reliability have earned the trust of leading shipping lines, making it a preferred destination on global voyages.

The world's largest mega-vessel calling at Gemalink Deep-sea Port

With the trust and companionship of shareholders, partners, and customers, the Company has achieved remarkable achievements in its business activities, stable growth, and profits exceeding 15% of the commitment to shareholders in 2023. In 2024, striving to bring the highest value to partners and the community, Gemadept continues to set challenging growth goals in a period where the market is still very difficult and volatile.

At the same time, Gemadept contributes to the overall development of Vietnam's maritime industry. The Company was assigned by the government to implement the national project to upgrade the Ha Nam canal and is actively researching and implementing a model route connecting the Mekong Delta with the Cai Mep - Thi Vai Port Cluster. These projects will soon come into operation in the near future, through which the Company actively cooperates with maritime businesses to open up economic flows and promote local growth.

Overcoming challenges, valuing future-oriented values

For Gemadept, building and preserving trust is not just a choice, it's a mission on the path to a sustainable future. Driven by a spirit of high commitment and a culture that values overcoming challenges and ethical conduct, Gemadept proactively adapts to market fluctuations to achieve its development and expansion goals. This includes fostering a strong network and contributing positively to the community and society.

Looking to the future, Gemadept is constantly striving to improve service quality and expand its operating network. A prime example is the expansion of Gemalink Deep-sea Port's scale and berth to 1.5 kilometers, allowing it to simultaneously accommodate two of the world's largest container vessels. In Hai Phong's Dinh Vu area, phase 3 of the Nam Dinh Vu Port Cluster is on track for completion in 2025. This expansion will increase the Port's total design capacity to 2 million TEU/year and enable it to receive container vessels up to 48,000 DWT (deadweight tonnage) at full load, the largest size that can enter the area. Upon completion, the Nam Dinh Vu Port Cluster will become the biggest river port in Northern Vietnam. This represents just one step in Gemadept's ongoing journey forward, with many more plans and unwavering determination in the pipeline.

Nam Dinh Vu Port, when completed all three phases, will become the largest river port in the North

With unwavering determination and a spirit that thrives on overcoming challenges, Gemadept has consistently contributed to the success of the business community, paving the way for a brighter future for Vietnam and its people.



[ {{formatDate(}}]