AsemconnectVietnam - Gemadept Joint Stock Company (GMD - HoSE) approved two scenarios, projecting revenue of VND6,500 - VND6,800 billion and pre-tax profit of VND2,800 - VND3,000 billion in 2026.

On the morning of May 6th, Gemadept Joint Stock Company held its 2026 Annual General Meeting of Shareholders to approve the business plan for 2026.
In 2026, Gemadept plans its business with two scenarios, registering projected revenue of VND6,500 billion and projected pre-tax profit of VND2,800 billion, representing increases of 9.1% and 11.1% respectively compared to 2025; and plans to achieve projected revenue of VND6,800 billion and pre-tax profit of VND3,000 billion, representing increases of 14.2% and 19% respectively compared to 2025.
Mr. Do Van Nhan, Chairman of the Board of Directors, assessed the set targets as high and challenging in the context of an economy with many variables, increasing costs, and geopolitical tensions. However, Gemadept remains confident in achieving the set plan, thanks to its large-scale, modern port system located in strategic positions that few businesses in the industry possess.
Regarding production and business activities, Mr. Nguyen Thanh Binh, General Director and member of the Board of Directors, added that in 2026, Gemadept will focus on developing the 33-hectare project in the Nam Dinh Vu area; and accelerate the implementation of the Gemalink - Phase 2 project, expected to be operational from Q4/2027. Simultaneously, the company is expanding the development of new river ports in the Southern region, promoting its waterway transport strategy, developing the shipping and Mekong Logistics segments, and implementing several strategic infrastructure projects in the Cai Mep area.
It is known that the Gemalink – Phase 2 project has commenced investment since April 17, 2026, and is expected to achieve a capacity of over 3 million TEU/year upon completion, meeting the growing demand for goods and accommodating large vessels through the Cai Mep – Thi Vai deep-water port cluster.
“In the 2026–2030 period, Gemadept's development orientation is based on four strategic pillars: ports, port-logistics, waterway and maritime transport, and maritime industry. The company's existing advantages lie in its infrastructure system, operational capacity, and corporate culture, thereby creating room for expanding business activities in the future,” Mr. Nguyen Thanh Binh further emphasized.
At the General Meeting, Gemadept also approved the 2025 profit distribution plan in cash at a rate of 22%, meaning shareholders owning one share will receive VND2,200; and approved the plan to issue shares from equity capital at a rate of 50%, corresponding to the issuance of a maximum of over 216.4 million additional shares.
If the issuance is successful, Gemadept's charter capital is expected to increase from VND4,328.9 billion to VND6,493.39 billion.
Notably, Gemadept proposed to shareholders to change the company name from Gemadept Joint Stock Company to Gemadept Group Joint Stock Company. The reason for the name change is to align with the new development direction, scale, and business strategy, to ensure consistency in trading name and brand identity, and to suit management practices in the new phase.
Regarding the recent collaboration between Gemadept and CJ Logistics, Ms. Bui Thi Thu Huong, Chief Financial Officer, stated that with its existing advantages and long-term vision, Gemadept is bringing shipping operations back as a connecting link in the nationwide port system, acting as a bridge between shipping lines and the flow of goods. Accordingly, the consolidation of the shipping segment will not only complete the ecosystem but also create a greater synergistic effect, expected to contribute approximately 20% more revenue to the Group.
It is known that Gemadept and CJ Logistics had previously agreed to optimize their strategies for Logistics and Shipping operations to leverage the competitive advantages of both companies. Specifically, Gemadept will invest in and manage 100% of the Shipping operations and will directly invest in and hold 49% of the shares of Mekong Logistics Joint Stock Company (MKL); and CJ Logistics will invest in and manage 100% of the 3PL Logistics services. Furthermore, at the General Meeting, shareholders also expressed concern about the competitive pressure at the two main port clusters in Nam Dinh Vu and Cai Mep. Mr. Nguyen Manh Ha, Marketing Director, shared that although the level of competition in the industry is increasing in Hai Phong, especially as a portion of cargo shifts to the Lach Huyen area (Hai Phong) after berths 3-4 and 7-8 become operational from 2025, Gemadept stated that throughput at Nam Dinh Vu port will maintain its growth momentum in 2025. According to the company, Nam Dinh Vu continues to be a suitable choice for intra-Asia routes due to its significantly lower handling costs compared to Lach Huyen, while the Dinh Vu area has formed a synchronized logistics ecosystem, making customer relocation difficult. Currently, Nam Dinh Vu accounts for approximately 20% of the market share and remains central to intra-Asia routes, especially thanks to the advantages of the Ha Nam channel.
In addition, at the General Meeting, shareholders expressed concern about the competitive pressure at the two main port clusters in Nam Dinh Vu and Cai Mep. Regarding the Cai Mep - Thi Vai area, where Gemalink port is operating, the company stated that the period 2022–2025 saw an average annual growth rate of approximately 10–12%, and cautiously forecasts that the period 2025–2030 will maintain a growth rate of 8–10% per year, with a total throughput estimated at 12.5–12.7 million TEU by 2030. Furthermore, if Gemalink phases 2 and 3 and related projects in the area are put into operation, the total capacity is expected to increase to approximately 10 million TEU, which will still not meet the needs of the region. Therefore, the company is not overly concerned about competitive pressure in the Cai Mep - Thi Vai area.
It is known that at the end of Q1/2026, Gemadept recorded revenue of VND1,452.41 billion, an increase of 13.7% compared to the same period. Net profit after tax reached VND650.23 billion, an increase of 24.2% compared to the same period last year.
N.Nga
Source: VITIC/Tinnhanhchungkhoan