Overcoming difficulties and challenges of the world, region and industry, with steadfastness in direction, proactiveness, flexibility and determination in management, Gemadept (stock code GMD) is always ready to "overcome the waves" to welcome the future, realizing the mission of bringing the world to Vietnam and connecting Vietnam to become a key link in the global value chain, with global standards.

"Overcome the waves" in 2022

In 2022, the world economic context contains surprising colors. As the economy is gradually recovering from the Covid-19 pandemic, political instability from the Russia-Ukraine conflict has led to a global energy crisis and the Federal Reserve (Fed)'s tendency to continuously increase interest rates. All world prestigious organizations continuously change global growth forecasts in a negative direction.

Domestically, the high openness of the economy is clearly reflected in the Vietnamese stock market. In 2022, the VN-Index sublimated spectacularly three times, surpassing the 1,500 point mark, but was quickly followed by a deep decline of 32.2% - equivalent to the year of the 2008 financial crisis.However, with the Government's flexible management, Vietnam has steadily overcome the "reverse waves" of the global recession, achieving impressive results: GDP increased by 8.02% - a high growth rate. period 2011 - 2022; Import-export turnover reached 700 billion USD for the first time; Realized FDI is at its highest level in the past 5 years.

For Gemadept, the more difficult and challenging the market, the more clearly the pioneering role and bravery of the business is portrayed. According to accumulated data until the end of the third quarter of 2022, Gemadept has achieved positive results, exceeding the target approved by the General Meeting of Shareholders on pre-tax profit (106% completed) and reaching 75% of the revenue target. Gemadept's 2022 output is estimated to exceed 3 million TEU throughput, an increase of more than 20% compared to 2021, successfully completing the mission of promoting trade flow in the context of continuously changing and unpredictable markets. With those achievements, GMD deserves to become one of the most prestigious stock codes representing Vietnam's port and logistics industry, recognized by financial institutions, global investment funds, as well as investors when orienting long-term investments.

Welcome the future

Entering the new year 2023, the economy is still a mystery with alternating light and dark colors. Besides the challenges lasting from 2022, the economic picture in 2023 has positive bright spots. Free trade agreements such as EVFTA, CPTPP, RCEP… will continue to be the driving force of the economy, creating strong growth momentum for import and export activities in the coming period, when global consumption recovers.

In 2023, with development orientation, Gemadept will continue to focus on investing in expanding projects, while optimizing the efficiency of the port and logistics ecosystem.

In the Northern Region, Nam Dinh Vu port cluster is a strategic project of Gemadept. Located in a convenient location in the downstream area with a deep draft, Nam Dinh Vu is a container port cluster with the capacity to receive the largest ship size into the Dinh Vu area up to 48,000 DWT. With a planning of 7 wharves, a total length of up to 1.5 km and a total design capacity of 2 million TEU/year, Nam Dinh Vu port cluster will well meet the growth needs of the Northern market during the next period. 

With the approval of the policy of transferring Nam Hai Dinh Vu port in the above area, in 2023, the Company aims to fully utilize 100% of phase 2 capacity of Nam Dinh Vu port immediately after the project comes into operation from the first quarter of 2023, and at the same time speed up procedures to continue implementing phase 3 this year. It is expected that after all three phases, Nam Dinh Vu will bring a completely new look to the entire container port cluster in Dinh Vu area, Hai Phong and become a busy container port with largest scale in the North.

One of the main driving forces and an impressive bright spot in the development of Vietnam's seaport infrastructure system cannot fail to mention the Gemalink deep-water port located in the Cai Mep - Thi Vai port cluster. The plan to clear the world's largest shipping channel of 250,000 DWT (full load) has been approved by the Ministry of Transport with a total investment of nearly 1,500 billion VND and Resolution 24 with specific decisions for the Cai Mep portcluster, which has just been approved by the Politburo, will be an important push to help Cai Mep - Thi Vai gradually become a gateway port and an influential international transshipment port in Asia and the world.

Be a rare and unique seaport in the Cai Mep - Thi Vai port cluster that possesses superior advantages in terms of wharves, yards, modern equipment technology and a team of experienced and enthusiastic human resources, Gemalink phase 1 is expected to reach maximum capacity in 2023, creating momentum to start phase 2 this year. Accordingly, when phase 2 of the project is completed and partially operated from 2024, Gemalink will become the international deep-water port with the largest capacity in Vietnam, up to 3 million TEU, contributing and having important influence on the country's seaport industry.

Constantly "Must be better" on "The Way Forward", with its current position and capacity, Gemadept has been continuing on the pioneering journey of creating an increasingly “Smarter and Greener” logistics ecosystem. By focusing on synchronous investment right from the beginning with port operation equipment automatically connected with the world's leading management technology applications, Gemadept's port system is gradually increasing its digital ratio, which can ensure all port operations are most accurate, efficient, energy-saving and environmentally friendly.

Another ight spot of Gemadept is the reforestation project "Seed for Sea" piloted by Gemalink and its partners, planting hundreds of hectares of mangrove forests across the country. The project was started from the idea of connecting people and the environment, between businesses and localities, between port operators and shipping lines…, all working towards a common goal, helping to neutralize the atmosphere, protecting biodiversity, improving the ecosystem as well as bringing local people many benefits in economics, tourism, agricultural exploitation, forestry, fisheries…

With smart port models, green ports and practical steps towards sustainable development, Gemadept has become a pioneering enterprise that not only creates strong motivation and inspiration for businesses in the same industry to refer to, but also spreads and significantly contributes to the digital transformation process and the country's goal of achieving net zero emissions by 2050.

Overcoming the 2022 journey with many difficulties and challenges of the world, the region and the Vietnamese logistics industry, Gemadept is always ready, proactive and creative to "overcome the waves" to reach the goal with business results exceeding the plan and contribute to bringing a warm and loving Spring to every Vietnamese family. Looking to the future, Gemadept continues to realize its mission and ambition to bring the world to Vietnam and connect Vietnam to become a key link in the global value chain, with global standards.

Source: Gemadept vượt sóng đón tương lai | Tin nhanh chứng khoán (tinnhanhchungkhoan.vn)