GEMADEPT CORPORATION: A Leading Force in Vietnam’s Logistics and Port Operations

GEMADEPT CORPORATION (HOSE: GMD), one of Vietnam’s foremost logistics and port operators, continues to demonstrate strong financial growth and strategic resilience despite global headwinds. With over three decades in operation, the company remains a vital pillar of Vietnam’s maritime logistics infrastructure and freight transportation network.

Headquarters and Structure

Founded on November 1, 1993, GEMADEPT operates as a public joint stock company, with its head office located at 2bis-4-6 Le Thanh Ton, Ben Nghe Ward, District 1, Ho Chi Minh City. It is listed on the Ho Chi Minh City Stock Exchange (HOSE) under the symbol GMD, and currently employs over 1,500 people.

The company is chaired by Mr. Do Van Nhan, with Mr. Nguyen Thanh Binh serving as General Director. GEMADEPT is backed by a diverse shareholder base, including foreign investors like SSJ Consulting (Vietnam) Co., Ltd. (9.85%)and Recollection Pte. Ltd. (4.5%), among others.

Business Activities

GEMADEPT specializes in seaport operations, container handling, and comprehensive logistics services. The company is also registered for a wide range of other business sectors, including:

• Freight transport by road, sea, and air

• Inland and coastal waterway operations

• Shipbuilding and civil engineering

• Real estate services

• Manufacturing of rubber products

• Restaurants, leasing services, and amusement activities

With a wide network including branches in Can Tho and Ba Ria – Vung Tau, the company operates across Vietnam’s economic hubs, enabling streamlined cargo and container movement nationwide.

Financial Performance

In fiscal year 2024, GEMADEPT posted remarkable financial results:

While profit declined by 24.09% in 2024 following a record-breaking 2023, the company’s balance sheet strength improved significantly, with asset and equity expansions reflecting continued investment and infrastructure upgrades.

Strategic Positioning

Despite the drop in profits, GEMADEPT’s sustained asset growth and equity surge reflect confidence in long-term infrastructure and trade development. As Vietnam continues to cement its role as a global manufacturing and logistics hub, GEMADEPT is well-positioned to benefit from rising trade volumes, port traffic, and demand for integrated logistics solutions.

Moreover, its diversified business lines and strategic geographical presence give it a competitive edge in serving both domestic and international logistics chains.

Outlook

With a strong capital base, diversified operations, and deep-rooted market presence, GEMADEPT is expected to play a central role in Vietnam’s logistics modernization and regional connectivity. Investors and logistics partners should keep a close eye on the company as it navigates infrastructure expansion, digital transformation, and global trade dynamics.

For more detailed insights, visit the official website: https://www.gemadept.com.vn