(DTCK) Vietnam's stock market has made great strides in terms of scale, efficiency and international integration, making an important contribution to the country's socio-economic development.

Pioneer with the stock market

Among the hundreds of enterprises listed on the Vietnam stock market today, there are names that have been accompanied the market since the first days and are growing strongly. One of them is Gemadept Corporation (Stock code: GMD - HOSE), the leading listed enterprise in the field of integrated port and logistics ecosystem.

Gemadept was one of the first companies to be equitized in 1993 and later became one of the companies to be listed earliest on the Vietnam stock market in 2002. This  opened up a remarkable development chapter for Gemadept.

With more than 33 years of steadfastly overcoming all challenges to achieve sustainable development, Gemadept has become one of the leading enterprises in the field of port operation and logistics in Vietnam. The Company is currently the only listed enterprise owning an integrated logistics and port ecosystem, built in strategic locations from North to South of the country.

Simultaneously, Gemadept is also a pioneer in applying information technology to the management and operation of port and logistics. This helps improving productivity and service quality.

To get to the current position, Gemadept has had to overcome many difficulties. During the period of the global financial crisis from 2008 to 2010, the Vietnam stock market was heavily affected when the VN-Index fell from the highest level of nearly 1,200 points to less than 300 points. Many listed companies faced a decline in revenue, profit, share price, and debt solvency. The more severe the spiral, the more stable Gemadept became, demonstrating the ability to improvise flexibly and overcome the difficult period of the stock market.

With the will of Gemadept people, the determination to develop a sustainable business, and transparency in governance, GMD share has become one of the rare and loved shares, able to attract a lot of attention on the stock market.

Grow with the market

The Vietnam's stock market has given wings to businesses to develop because it is an important and effective capital mobilization channel for businesses in particular and the economy in general.

Thanks to the development of the stock market, listed companies have easily mobilized cheap capital to increase their scale of operations, of which Gemadept is no exception.

From the capital mobilized through the stock market, Gemadept has increased its resources to invest in the core business strategy of ports and logistics. The projects are all placed in important economic strategic locations across the country, with noticeable projects being Gemalink Deep-sea Port, or Nam Dinh Vu Port Cluster.

In 2019, the Gemalink Deep-sea Port Project, which is the pride of Gemadept as well as of the maritime industry, began its construction. Phase 1 of the Project was quickly completed and put into operation from the beginning of 2021. Gemalink Deep-sea Port then achieved more than 2 million Teu throughput after only 2 years of operation. This is the record in the port operation industry in Vietnam.

The birth of Gemalink Deep-sea Port has been bringing a huge competitive advantage to Gemadept in the seaport field, as it is capable of receiving the world's largest container vessels, up to 250,000 DWT.

Furthermore, the Port has been playing the role in changing the import and export method of Vietnam. Instead of going through foreign transshipment ports, Vietnamese goods can now connect directly to the big markets, such as the US and Europe, thanks to Gemalink.

In the Northern market, Nam Dinh Vu Port Cluster consists of 3 phases. With a berth length of 1.5 km, it is able to welcome vessels with a tonnage of up to 48,000 DWT. Making a record with  fast construction time and good operation of phase 1 and phase 2, right after being put into operation at the end of May 2023, the Port is expected to reach 80% of capacity this year. On average, there are 18 vessels going in and out of the Port each week now, more than 3 times higher than the number of vessels calling at the Port when there was just phase 1.

Nam Dinh Vu Port is built and invested synchronously in terms of infrastructure, equipment, and technology according to international standards, very modern and environmentally friendly. When phase 3 is completed, Nam Dinh Vu Port Cluster will become the largest river port in the North, able to receive feeder vessels and the largest intra-Asian vessels in the river port area.

Nam Dinh Vu is ready to serve the transportation needs of services connecting to China, Thailand and other Southeast Asian countries. At the same time, opening up opportunities to develop import and export markets between Vietnam and South Asian countries, typically India.

Gemadept's Gemalink Deep-sea Port and the satellite ports in the South working in harmony with Dung Quat Port in the Central region and the port cluster in the North will help the system grow stronge. This growth can contribute to the construction and development of Vietnam's seaport infrastructure on a larger scale, best serving the trade between Vietnam and other countries in the world.

Gemadept focuses its development in not just the system of ports but also the air cargo terminals, the distribution centers, and the largest cold storage in the Mekong Delta. More importantly, with the synergy and companionship of customers and partners, Gemadept continues to enrich its rare and precious ecosystem of Port – Logistics, deserving of the title of being one of the pioneer enterprises on the stock market.

It’s true that the stock market has given wings to listed companies to thrive. However, on the opposite view, stocks from enterprises like GMD have help the stock market to have a source of quality goods, thereby creating attraction for domestic and foreign investors. This has contributed to the sustainable development of the stock market in particular and the economy in general.

Source: https://www.tinnhanhchungkhoan.vn/gemadept-gmd-tien-phong-dong-hanh-cung-thi-truong-chung-khoan-viet-nam-post327049.html