Along with the potentials of the economy, Gemadept Corporation (GMD) has always been ready to take advantage of development opportunities. With the expanding port network as a solid base, GMD operates and manages 7 ports from North to South, at strategic locations of major industrial zones that have rapid cargo volume growth.
Expansion of port projects
It can be said that, in recent years, Vietnamese economy has been experiencing the most dynamic period since Doi Moi. Despite all the difficulties and challenges that an emerging economy has to deal with, Vietnam achieved the highest GDP growth rate in 2018 and was among the fastest growing regionally and globally. Most recently, Fitch predicts that Vietnam will continue to receive large FDI capital in manufacturing, helping the country to maintain a rapid development momentum.
In addition, the US – China Trade War might trigger the supply chain diversion from China to Southeast Asia and Vietnam is one of the “fruitful” places in the region that may benefit the most. Along with the potentials of the economy, Gemadept Corporation (GMD) has always been ready to take advantage of development opportunities. With the expanding port network as a solid base, GMD operates and manages 7 ports from North to South, at strategic locations of major industrial zones that have rapid cargo volume growth.
In 2018 and 2019, GMD has proceeded and launched strategic port projects. Particularly, phase 1 of Nam Dinh Vu port cluster, the largest one in Dinh Vu area (with total capacity of 1.5 million TEUs for 3 phases), welcomed the first vessel call in the very first days of Spring. GMD is also preparing for the construction of Nam Dinh Vu phase 2 in Q4/2019 so as to meet the current and future market demand.
The most significant milestone in GMD’s port development strategy is Gemalink project – the largest deep sea port in Vietnam (with total capacity of 2.4 million TEUs for 2 phases). The project’s Phase 1 construction was resumed in February 2019. With its spectacular competitive advantages, Gemalink will become a reliable destination for the world’s largest mother vessels, creating another bridge to connect Vietnam with transcontinental navigation routes.
When the projects are completed and put into operation in Q3 and Q4/2020, together with the existing ports, GMD will establish a new position in the port industry, creating a breakthrough in its scale, cargo volume and capacity.
Aspiration to lead logistics industry
Starting-up with Contract Logistics since 2011, undergoing 8 years of development – a time that is not long indeed, GMD has successfully established a network of infrastructure, integrated services and provided local and regional clients with comprehensive logistics solutions.
GMD is evaluated and recognized as a Vietnamese logistics company that can be compared to top logistics firms in the region. On 28 December 2018, Vietnam Assessment Report Joint Stock Company and VietnamNet announced 2018’s Top 10 Most Reputable Companies in Transportation and Logistics. Among which, GMD was honored to be in the first rank of the list “Top 10 most reputable transport and logistics companies in 2018 – Logistics and Warehouse Group".
GMD sets the long term goal of being the leading company in Vietnam and the region providing comprehensive supply chain management services and solutions with a logistics system consisting of 6 different sectors: air cargo terminal, distribution center, OOG cargo transportation, international and domestic shipping, cold chain logistics and auto logistics.
GMD’s prestige and experience in the industry are also the “sweet fruits and fragrant flowers” that attract interests, support and cooperation of domestic and international partners and investors. The synergies with strong foreign partners will help GMD go further in the industry, providing customers with integrated and outstanding logistics solutions.
The Company and its strategic partner – CJ Logistics – have been synergizing networks, technology and customer base to enter new segments such as e-commerce and to become a full supply chain solution provider in Vietnam.
The country continues to maintain positive economic growth rate. The year of 2019 opens more opportunities, and at the same time, more challenges. GMD will keep renewing itself, changing to be always the pioneer in the industries, taking advantage of all resources to become Vietnam’s leading port and logistics operator. All are for the benefits of clients, partners and shareholders as well as for contribution to the prosperity of Vietnamese people.
