Gemadept ready to take on the new stage of development

Business activities
25.09.2023

After three decades, Gemadept Corporation has become the leading enterprise and continues to experience rapid development in the Port and Logistics industry in Vietnam. Over the past period, the domestic and world economic situation has been extremely volatile, but Gemadept has strived to overcome many challenges and is proud of its achievements. Our reporter had an interview with Mr. Nguyen Thanh Binh – General Director of the Company, to help readers better understand the "sweet fruits" Gemadept has reaped.

From a small company, Gemadept has now become the leading enterprise in the Port and Logistics industry in Vietnam after over three decades of continuous efforts. It is now gradually affirming its position and reputation in the international market. Would you mind sharing this impressive achievement with the readers?

After more than 30 years of development, Gemadept has always made steadfast efforts with the mission of contributing to promoting economic flow and creating added value for the country, businesses, and accompanying partners through our service chain and outstanding solutions. With lots of efforts from the Company, the unanimity and solidarity of shareholders, customers, partners, and the support of agencies and sectors, Gemadept contributes to creating progress in Vietnam's Port and Logistics industry to bring it to a larger scale and make it more modern and efficient.

Gemadept's pride, and also the secret to its success, is its team of highly ethical, experienced, and dedicated employees who are always proactive in responding to market changes. With tireless efforts, Gemadept has successfully overcome many challenges, confidently affirmed its reputation in the market, and created impressive numbers, as shown through its annual business results. Gemadept's achievements today lay the foundation for expanding its market presence in the coming period.

Always pioneering new directions, Gemadept is the first listed enterprise to invest in the construction of a seaport, make breakthroughs by opening ICDs, operating the most modern air cargo terminal, and having a comprehensive integrated logistics chain. This has formed Gemadept's Port-Logistics ecosystem from North to South. The ecosystem features the Nam Dinh Vu Port, the largest river port in the North, and Gemalink Deep-sea Port, one of the top 19 commercial ports in the world that can receive the current largest mega-vessels, effectively serving import-export activities and trade with countries around the world.

Overcoming current challenges with strong, flexible solutions, along with the prospects of the Vietnamese economy and the consensus of customers and partners, Gemadept continues to invest and expand its operation to enrich and deepen the Company's Port-Logistics ecosystem. Gemadept aims to become even bigger and better in scale, capacity, and sustainability, committed to bringing outstanding value to the market and serving the country.

With the goal of sustainable development, Gemadept continues to realize the mission of bringing the world to Vietnam and making Vietnam a key link in the global value chain, with global standards.

The market is always a place with strong competition. To survive and develop sustainably, businesses must "stay afloat" by taking the right approach. How has Gemadept been building specific goals, strategies and solutions, sir?

Currently, the world and Vietnam business communities are facing very rapid fluctuations in the global socio-economic situation. However, challenges always go hand in hand with opportunities. Businesses with adequate preparation, spirit, and courage to overcome challenges can maintain their growth momentum.

For Gemadept, the top priority in the current period is to optimize operational and administrative efficiency, promote digital transformation initiatives, rationalize production costs, closely monitor market developments to respond flexibly, and actively seek opportunities to strengthen, expand, and diversify strategic partners. By doing so, Gemadept manages to maintain and develop its market share, while ensuring the progress of key port projects to promptly capture development momentum when the market recovers.

Regarding the outlook for the last few months of 2023, although many challenges still remain, the market is showing signs of improvement. Import and export are expected to grow again with motivation from intra-Asian trade, in addition to the push from new generation FTAs, FDI capital flows, and government efforts. Gemadept is being proactive and flexible in the new situation, making strategic decisions to overcome headwinds and aiming for effective business growth. The Company continues investment in developing Nam Dinh Vu Port Cluster (Phase 3) in Hai Phong, Gemalink Deep-sea Port (Phase 2) in Ba Ria-Vung Tau province and its satellite system, applies advanced and environmentally friendly technologies, has a sustainable development orientation, along with complementary projects. This allows Gemadept to take steady steps towards the future with a strong mindset and a solid foundation in human resources, technology, finance, etc.

Sincerely thank you, sir!

Source: https://vccinews.vn/news/47578/gemadept-tam-the-vung-vang-trong-giai-doan-phat-trien-moi.html

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