On May 22, 2024, Vietnam Report Joint Stock Company (Vietnam Report) officially announced the VIX50 Ranking – Top 50 Reputable and Effective Public Companies in 2024. This is the result of scientific, objective, and independent research, published in both domestic and international media. With prestige and impressive achievements, Gemadept Corporation (Gemadept) is honored to be in the Top 10 of this ranking.
About the "Top 50 Reputable and Effective Public Companies in 2024”
Since it was first announced in 2012, the list of Top reputable companies has continuously expanded to different industries and has received high appreciation from the business community and experts both domestically and internationally..
Building on previous rankings, Vietnam Report has researched, developed, and announced the Top 50 Reputable and Effective Public Companies in 2024 (VIX50) to honor public companies with strong financial foundations, notable achievements in providing products and services to customers, and impressive reputations among the public and investors.
With a clear methodology, the companies in the Top 50 Reputable and Effective Public Companies in 2024 ranking are selected from public companies in the top 100 lists based on four indices: revenue, profit, assets, and market capitalization. These companies are ensured to be well-managed and effective, with positive profits over the past three years.
The companies are evaluated and ranked based on two weighted criteria, including: (1) Financial capacity as shown in the most recent financial statements, with comparisons, contrasts, and evaluations against industry standards; (2) Media reputation.
In addition, Vietnam Report cooperates with a group of industry experts to evaluate factors such as growth potential, level of sustainable development, quality of management, and position in the industry of each business. The announcement ceremony of the Top 50 Reputable and Effective Public Companies in 2024 is expected to be held in July 2024 in Hanoi City.
Gemadept: Resolute and Strong Amidst the Waves
In 2023 and early 2024, the Vietnamese stock market experienced many fluctuations, but the main trend saw recovery. The stock market was influenced by factors such as the FED’s monetary policy, system liquidity and corporate bond markets, foreign investment flows, exchange rates, and gold prices.
The global economy faced many difficulties over the past year, with a decline in overall demand. Although Vietnam's import and export activities haven't yet increased compared to the previous year, the decline has narrowed significantly. In the early months of 2024, the market recorded positive recovery, with the total import and export turnover of our country in Q1/2024 growing by 15.5% compared to the same period last year.
Proactive and flexible in the face of rapid market developments, Gemadept demonstrates its ability to adapt and overcome obstacles. This ensures efficient production and business activities, improved service quality, implement key projects, and actively seek opportunities for cooperation and development.
With persistent efforts, the Company achieved business results according to the set objectives, surpassing the committed targets to shareholders in 2023. Notably, pre-tax profit from main business activities reached 1,307 billion VND, exceeding the target assigned by the General Meeting of Shareholders by 15%.
Overcoming economic headwinds, Gemadept has maintained and promoted throughout across the entire Port and Logistics ecosystem. This has allowed the Company to expand the scale of projects on schedule, meeting market demands.
Being honored in the Top 10 Reputable and Effective Public Companies in 2024 is a strong motivation for the Gemadept to continue striving, bringing even greater value to customers, partners, shareholders, and the community.
On August 2, 2024, the "Top 10 Reputable and Effective Public Companies in 2024" award ceremony was solemnly held in Hanoi.
