VIMC will continue to focus resources on strategic infrastructure projects, especially the construction of deep-water ports, international transshipment ports, and the expansion of the shipping fleet to improve competitiveness.
Vietnam Maritime Corporation will focus on investing in the construction of deep-water ports and transshipment ports. (Photo: PV/Vietnam+)
Vietnam Maritime Corporation (VIMC) will invest in upgrading the seaport system, expanding the fleet, digital transformation, and promoting the logistics service chain to increase profits.
The above information was given at VIMC's 2025 Annual General Meeting of Shareholders on the morning of July 9.
According to Mr. Le Anh Son, Chairman of the Board of Directors of VIMC, it is forecasted that the world situation will continue to be complicated in the coming time. Shipping indices fell sharply to their lowest level since June 2020 due to weakening demand and risks related to US trade policy. Many shipping lines have begun to resume service routes through the Red Sea.
In that condition, VIMC will expand its business activities around areas of strength such as container port operation, integrated logistics, bulk transportation, agricultural products, iron and steel, etc. In order to create additional revenue and profits in addition to traditional business segments, the goal is to both maximize the capacity of the existing port system and take advantage of the fleet to increase transportation output.
VIMC focuses on optimizing operational efficiency at important focal points such as wharves, ports, fleets, etc. through improving exploitation productivity, shortening the time of loading, unloading and turning ships; cost management will be strengthened, especially the cost of operating the fleet and operating containers at the port, ensuring the economical and efficient use of resources.
"In parallel with maximizing the exploitation of existing assets, VIMC will invest in expanding capacity to prepare for the next growth period, including investing in upgrading the seaport system, expanding the fleet of container ships, bulk carriers and oil tankers to meet market demand in the future. " Mr. Son emphasized.
In addition, Mr. Son said that the Corporation will implement important transformation actions in 2025, focusing on digital transformation, improving processes and improving competitiveness. These actions will lay the foundation for VIMC to make a breakthrough in the next decade, playing a leading role in Vietnam's maritime and logistics services.
In the coming period, VIMC will continue to focus resources on strategic infrastructure projects, especially the construction of deep-water ports, international transshipment ports and ICD systems in key economic regions.
The Corporation also invests in building new generation ships and high-tech ships, prioritizing the development of a modern container fleet to improve VIMC's shipping capacity; building a centralized, flexible, customer-oriented business model. Regarding restructuring, this enterprise is expected to promote the enterprise restructuring program with a focus on inefficient units with prolonged losses.
VIMC's 2025 Annual General Meeting of Shareholders has also elected a new leadership apparatus. The most notable is the "change of roles" between the chairman and the general director. Mr. Nguyen Canh Tinh from the position of General Director was elected as Chairman of the Board of Directors, while Mr. Le Anh Son from the position of Chairman of the Board of Directors was elected as General Director of VIMC.
Board of Directors of Vietnam Maritime Corporation. (Photo: Viet Hung/Vietnam+)
Previously, according to VIMC's report, in 2024, VIMC will still exceed the targets in terms of output, revenue and profit compared to the plan.
Specifically, the parent company's cargo output reached nearly 4 million tons. Total revenue reached VND 3,157 billion and profit before tax reached VND 1,353 billion.
The seaport sector grew well with 145 million tons of cargo through, bringing in revenue of VND 7,753 billion, attracting 10 new container service routes. The shipping sector also achieved positive results with a transport output of more than 19 million tons, up 22% compared to the plan; revenue reached more than VND 9,700 billion, nearly double the plan.
