ANNUAL REPORT 2020

ECONOMIC EFFICIENCY

Gemadept brings sustainable economic values to Shareholders and Investors

The year 2020 is considered a particularly difficult year for the whole economy under the impact of the Covid-19 pandemic, natural disasters and geopolitical issues. Facing the difficulties and challenges of the economy, in the past year, with the relentless efforts and timely, flexible and correct directions of the Board of Management, Gemadept has achieved positive results.

In 2020, the Company recorded the net revenue of VND 2,606 billion and profit before tax of VND 513 billion, exceeding the plan level under both scenarios approved by the AGM of 2020.

The Company has paid dividends to shareholders on time according to the resolution of the General Meeting of Shareholders.

Gemadept complies with the State's guidelines and policies towards the macro economy and the sector economy

Accompanying Vietnam to start-up, with the enterprise size increasing hundreds of times compared to the time of equitization, Gemadept has been in the Top 1,000 enterprises contributing most to the national budget for many years. In 2020, the Company fulfilled tax obligations equivalent to VND 314 billion.

Gemadept ensures strict compliance and transparency to the State's guidelines and policies related to macroeconomics, the economy of the port operation industry, shipping and Logistics ... Decisions and instructions of the Ministry of Transport and other agencies have been thoroughly deployed by Gemadept for business units throughout the Company and centrally managed at the headquarter.

BUSINESS PERFORMANCE IN 2020 (UNIT: BILLION VND)