Recently in Hanoi, Gemadept Corporation (Stock code: GMD - HoSE) was honored in the "Top 50 Vietnam Best Profitable Enterprises", organized by Vietnam Report in collaboration with VietNamNet Newspaper. The event attracted hundreds of leading businesses from across the country to attend.

In the period 2021 – 2023, global economic growth decelerates, making a significant impact on the domestic economy. The Vietnamese business community must face unprecedented changes that challenge their internal strength and ability to adapt flexibly.

At the end of Q3/2023, although there were still many difficulties, the country's economy showed some positive signs. According to a report from the General Statistics Office, GDP growth in the third quarter of 2023 was estimated to reach 5.33%. This was the highest growth rate in the first 9 months of 2023. Along with that, the industry also had a good recovery with a growth rate of 4.57%, higher than the growth rate of 3.42% in the first quarter and 3.76% in the second quarter.

These positive developments reflect the great efforts of the Government and the business community in recent months to persevere and flexibly overcome obstacles.

In recognition of businesses that operate effectively and achieve significant profitability, particularly those that have played a pivotal role and demonstrated leadership in navigating the challenges of these trying times, while maintaining and expanding their production activities, Vietnam Report, in collaboration with VietNamNet Electronic Newspaper, organized the Announcement Ceremony for the Top 500 Most Profitable Enterprises in Vietnam (PROFIT500).

Comprising the 500 most profitable businesses across 21 industries and fields, the 2023 PROFIT500 list is meticulously compiled using an independent, scientific, and transparent methodology. The ranking is determined based on a weighted scoring method that considers key financial metrics such as profit before tax, revenue, ROA, ROE, and ROR, as well as other important reference indicators such as media reputation and labor size.

Guided by a flexible, steadfast, and resilient corporate governance model that effectively navigates market turbulence, Gemadept remains committed to maintaining operations, advancing key projects, and enhancing the value it delivers to customers and partners. Through these efforts, Gemadept actively contributes to economic growth. In recognition of its dedication, Gemadept is honored to be among Vietnam's Top 50 Best Profitable Enterprises in 2023. This achievement is a testament to the Company's position as a leading player in the country's Port and Logistics industry, further fueling Gemadept's drive to excel in its ongoing development journey.