Vietnamese shipping stocks surged in the trading session on February 5th, with shares of companies under the Vietnam National Shipping Lines (VIMC) seeing strong gains. The most notable performer was SGP, which rose over 11%, followed by MVN (up 9%), PHP (up 7.3%), and CDN (up 4.2%).
This upward trend has been observed since the beginning of 2025, with MVN, PHP, and SGP stocks surging by double-digit percentages to reach new all-time highs.
The surge in VIMC-affiliated stocks on February 5th coincided with news that the Gemini Carrier Alliance, formed by container shipping giants Maersk (Denmark) and Hapag-Lloyd (Germany), had selected Cai Mep International Terminal (CMIT) in the Cai Mep – Thi Vai cluster as their exclusive southern port.
CMIT is managed by Cai Mep International Port Company Limited, a joint venture between VIMC, Saigon Port JSC (a VIMC subsidiary), and APM Terminals, a leading Danish container terminal operator.
The alliance between Maersk and Hapag-Lloyd aims to provide a flexible and reliable global logistics and shipping network. Their choice of CMIT as their primary southern port underscores the importance of the Cai Mep – Thi Vai deep-water port system as a key international gateway for the entire Southeast region, including Ho Chi Minh City.
Cai Mep International Terminal.
Additionally, the port sector received a boost from the approved $4.8 billion super-port project in Can Gio. On January 16th, the Prime Minister officially signed Decision No. 148/QD-TTg, approving the investment policy for the Can Gio International Transit Port project, marking a significant milestone in Vietnam’s marine economic development strategy.
The decision was based on a proposal submitted by Saigon Port JSC (SGP) and Terminal Investment Limited Holding S.A (TIL) to the Ministry of Planning and Investment on April 6, 2023. TIL is a subsidiary of Mediterranean Shipping Company (MSC), one of the world’s leading shipping lines, with a fleet capacity of over 23 million TEU/year, accounting for 18% of the global fleet capacity. Their services connect to over 500 ports worldwide.
The Can Gio International Transit Port project is slated for Cu Lao Go Con Cho in Thanh An, Can Gio, Ho Chi Minh City. With a planned implementation period of 20 years (until 2045), the port will be designed to accommodate mother ships of up to 250,000 DWT (equivalent to 24,000 TEU) and feeder vessels ranging from 10,000 to 65,000 DWT. The total land area utilized will be 571 hectares, with an initial capacity of 2.1 million tons, gradually increasing to 16.9 million TEU when operating at full capacity. The Can Gio International Transit Port is envisioned as a special international transit port with a scale and significance on par with leading ports in Asia and globally.
“VIMC Partners with Major Shipping Lines for a Collaborative Voyage”
With the spirit of a true mariner who knows “you can’t control the wind but you can adjust the sail”, VIMC has cemented its leadership in the maritime, shipping, and logistics industry in Vietnam.
The Road to Recovery: VIMC’s Pre-Extraordinary General Meeting Success in Eliminating Accumulated Losses of VND 240 Billion, Setting the Stage for State Capital Divestment to 65%
At the 2024 Annual General Meeting of Shareholders, the Vietnam Maritime Corporation (VIMC) announced that it had successfully wiped out accumulated losses of nearly VND 240 billion. At the upcoming Extraordinary General Meeting of Shareholders on July 22nd, VIMC is expected to approve amendments to its business lines and charter, along with other key agenda items.
The World’s Largest Container Ships Welcome at Cai Mep International Terminal
The Ministry of Transport has approved the Cai Mep International Terminal to receive container vessels with a reduced deadweight tonnage of up to 214,121 DWT.
Indian Tycoon to Invest $10 Billion in Vietnam, Competing with another Investor for the $4.2 Billion Hanoi Project
In this proposal, Danang suggests approving the investment orientation for the Lien Chieu port project (investment attraction part) in accordance with the overall direction in one go based on plan B.
Capital withdrawal at VIMC, MobiFone, VRG: Potential to earn 50,000 billion VND
The Ministry of Planning and Investment (MPI) has submitted a proposal to the Government regarding the approval of a plan to restructure three state-owned enterprises (SOEs) under the State Capital Management Committee at Enterprises (SCMC) by the end of 2025. The three SOEs to undergo divestment are Vietnam Maritime Corporation (VIMC), Vietnam Mobile Telecom Services Corporation (MobiFone), and Vietnam Rubber Group (VRG).
