GMD shares of Gemadept have just reached a new peak at 73,800 VND/share, with an impressive growth of nearly 70% since mid-April. The company’s market capitalization exceeds 31 trillion VND, solidifying its position as a leading enterprise in Vietnam’s port and logistics sector, with a projected throughput of 4.4 million TEUs in 2024. The management is optimistic about achieving a revenue of 4.95 trillion VND and pre-tax profit of 2 trillion VND for 2025, having completed 70% of the profit plan in the first half of the year. It is expected that throughput growth will primarily come from Nam Dinh Vu in the coming years. Increased depth of the Ha Nam channel and OOG area design will enhance competitiveness. Gemadept also plans to expand its operations with five new shipping routes, mitigating the impact of tariffs. Nam Dinh Vu Port has adjusted service prices, expected to increase by 5-10% per year in the south, while the north will remain lower. Current conditions indicate that Gemadept’s port service prices still have significant room for reasonable increases.
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