Maritime giant targets stronger revenue and profit growth

The Vietnam Maritime Corporation (VIMC) has set ambitious targets for 2026, aiming to accelerate revenue and profit growth while expanding its seaport, shipping, and logistics operations despite continued global uncertainty.

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Container handling at a Vietnam Maritime Corporation port. (Photo: Vietnam+)

Hanoi (VNA) - Amid forecasts of continued global uncertainty and volatility, the Vietnam Maritime Corporation (VIMC) aims to eclipse its business targets this year, creating momentum for breakthrough growth in its new development phase.

At a conference on January 26 to launch VIMC’s 2026 tasks, Deputy Minister of Finance Cao Anh Tuan said 2025 was marked by geopolitical tensions, tariff changes, exchange rate and interest rate volatility, as well as prolonged natural disasters that disrupted port operations.

Despite these challenges, VIMC delivered solid results. Seaborne cargo volume reached 21.5 million tonnes, up 11% year on year and exceeding its annual target. Consolidated revenue totalled 20.475 trillion VND (780 million USD), up 6% year on year, while consolidated profit reached 3.079 trillion VND (120 million USD), fulfilling the 2025 plan.

This year marks the first year of the 2026–2030 five-year plan, a period in which State-owned enterprises are expected to strengthen their role as key drivers of the economy. VIMC is positioned as a strategic player in maritime transport and logistics.

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Deputy Minister of Finance Cao Anh Tuan addresses the 2026 task deployment conference of VIMC. (Photo: Khanh Hung/Vietnam+)

The Deputy Minister called on VIMC to streamline its organisational structure, enhance governance, improve capital efficiency, and prioritise major projects, notably the Can Gio International Transshipment Port, a project of national strategic importance. He also stressed the need to promote innovation, digital transformation, and green transition to strengthen competitiveness and deepen integration into global supply chains.

VIMC Chairman Nguyen Canh Tinh said the corporation is determined to create a solid platform for breakthrough growth in the new development phase.

For 2026, VIMC targets 23.7 million tonnes of seaborne cargo and a total port throughput of 180.1 million tonnes. Revenue is projected at 22.186 trillion VND (845 million USD), with pre-tax profit expected to reach 3.236 trillion VND (123 million USD).

To achieve these goals, the corporation will develop its integrated three-pillar model of seaports, shipping, and logistics, aiming to provide comprehensive services and enhance its competitive edge. It plans to modernise logistics infrastructure and upgrade its fleet to improve operational efficiency, while investing in high-quality human resources.

VIMC Deputy General Director Le Quang Trung said the corporation will closely monitor market developments and remain ready to respond to volatility. It will expand integrated logistics services and introduce new value-added services to boost cargo volume and revenue. Efforts will also be made to address regulatory bottlenecks to ensure the timely implementation of infrastructure and equipment projects.

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VIMC Chairman Nguyen Canh Tinh presents emulation flags to outstanding member units in 2025. (Photo: Khanh Hung/Vietnam+)

According to VIMC, port operations in 2025 were affected by global political tensions, freight rate fluctuation, and restructuring among shipping alliances. Meanwhile, newly upgraded and commissioned port projects nationwide intensified competition and increased supply pressure in some segments.

Amid fierce competition and an unpredictable market environment, VIMC’s leadership reaffirmed its commitment to safeguarding market share and expanding integrated logistics services to sustain growth in the coming years./.

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