According to Gemadept, the purpose of dissolving Gemadept Nhon Hoi International Port is to restructure and focus on core business activities.
Gemadept JSC (Code: GMD) has just announced the dissolution of Gemadept Nhon Hoi International Port JSC.
According to Gemadept, the dissolution aims to restructure the company to focus resources for core business activities.
Gemadept Nhon Hoi International Port JSC was established in 2007 with Gemadept and Saigon – Nhon Hoi Industrial Park JSC with an initial charter capital of VND 70 billion. In which, Gemadept contributed 55% of capital, Saigon – Nhon Hoi Industrial Park and other partners contributed 45% of the remaining capital.
The enterprise is headquartered at 98 Pham Hung, Ly Thuong Kiet Ward, Quy Nhon City, Binh Dinh Province with main business lines including investment and operation of seaports, multimodal transport business and terminal operation.
Gemadept was established in 1990, formerly a state-owned enterprise under Vietnam Maritime Administration. The company operates mainly in port operation and logistics with the largest scale of listed port enterprises.
After 30 years of operation, Gemadept now owns a system of ports stretching from the North to the South, including Phuoc Long (ICD), Binh Duong, Dung Quat, Nam Hai, Nam Hai Dinh Vu, Nam Dinh Vu and deep-water ports. Gemalink.
At the General Meeting of Shareholders in 2020 held in late June, GMD’s Board of Directors said the Gemalink deep-water port project was 80% completed and expected to officially operate and operate in early 2021.
In 2020, Gemadept develops two business scenarios for this year in line with Vietnam’s GDP growth forecast.
The first scenario corresponds to a forecasted GDP increase of 4.8%, a revenue plan of VND 2,150 billion, a decrease of 19%, a pre-tax profit of VND 500 billion, a decrease of 29% compared to the implementation of 2019.
The second scenario is less optimistic when GDP only increases by 4%. The company targets revenue and profit before tax of VND 2,000 billion and VND 400 billion respectively, down 24% and 39% respectively.