Nation's port industry uneven but dynamic

While Vietnam's seaport industry is undergoing a period of dynamic evolution, marked by clear differentiation between large-scale ports and smaller ones, the long-term outlook has been deemed bright.

- By Tung Anh

Seaport operators' 2025 results show that, while many large businesses continued to record high revenues and profits, even setting records, others faced losses.

Tan Cang Maritime Services led the way in growth rate, with revenue and after-tax profit increasing by 40 per cent and 133 per cent on-year respectively. The company attributed profit growth mainly to offshore services domestically and regionally operated by the parent company, as well as higher rental rates. In addition, its subsidiaries and affiliated companies also maintained better-than-expected profits compared to the previous year.

The other name in the port industry experiencing strong growth in 2025 is Vietnam Container Corporation. The company achieved $128 million in revenue, a 15 per cent increase on-year; while pretax and after-tax profits increased by 30 per cent and 21 per cent on-year respectively.

Gemadept made consolidated revenue of $237.6 million, a 23 per cent increase compared to 2024, the highest in the last 11 years. Its net profit after tax reached $88.8 million, an on-year increase of over 15 per cent.

Danang Port, VIMC, and Haiphong Port are also noteworthy names in the overall growth trend. Specifically, Danang Port's total net revenue in 2025 is projected to have reached over $66 million, a 14 per cent increase compared to 2024; total after-tax profit is expected to increase by 22 per cent on-year, reaching $14.72 million.