Vietnam’s logistics firm Gemadept Corporation will contribute 51 per cent capital to establish the VND669 billion ($31 million) logistics centre in southern Hau Giang province, the company has announced.
The 15 hectare project is located in the Song Hau Industrial Park, a key area for the company to develop its logistics system in the Mekong Delta region.
Logistics is one of the firm’s two core business activities, besides port operation. In addition, it also has strategic investments in forestry and real estate.
In the logistics industry, the Ho Chi Minh City-based Gemadept is engaged in all segments, including maritime transport, aviation cargo terminal, road transport, forwarding, etc. The company owns and operates six important ports across the country, including the Nam Hai Dinh Vu container port in Hai Phong, in which it is holding 84.7 per cent, and the Dung Quat Port, which it owns nearly 74 per cent.
Its aviation cargo terminal, named SCSC and located within the Tan Son Nhat International Airport, is Vietnam’s largest of its kind. The $50 million cargo station was inaugurated in 2010.
In terms of overseas investment, Gemadept has been planting rubber in Cambodia and is building a real estate complex in Vientiane. The company says the $35 million complex is implemented by a joint venture it forms with a Lao company, and Gemadept holds a controlling stake.
In last fiscal year, the company’s profit after tax jumped by almost three times over 2013, to stand at VND531 billion.