Annual General Meeting of Shareholders 2025 approves 2025 business plan, operational direction for term 2025-2030

Hanoi, July 9, 2025, Vietnam National Shipping Lines successfully held the 2025 Annual General Meeting of Shareholders. At the meeting, the Board of Directors of VIMC presented the Report on the results of operations in 2024, the summary of the 2020-2025 term and the direction of operations for the 2025-2030 term, along with the plan for 2025. The report showed that VIMC achieved many outstanding achievements in 2024, exceeding the set goals, and at the same time proposing an ambitious new development strategy for the next 5-year period.

Overview of the Congress

Achievements in 2024

In 2024, despite the complicated post-pandemic global economic situation, VIMC overcame challenges to regain growth momentum. VIMC's 2024 business results far exceeded the plan assigned by the General Meeting of Shareholders. Specifically, VIMC's parent company achieved revenue of VND 3,155 billion (131% of the plan) and pre-tax profit of VND 1,353 billion (equivalent to 145% of the plan). The consolidated results of the entire Corporation were also impressive: revenue of VND 19,235 billion (143% of the plan) and pre-tax profit of VND 3,153 billion (equivalent to 115% of the plan). These are excellent growth figures, reflecting VIMC's continuous efforts and effective management and operation over the past year.

Thanks to the positive business results, VIMC eliminated all accumulated losses by the end of 2023 and had profits to pay dividends to shareholders for the first time in many years. This turning point marks a remarkable achievement from VIMC's strong recovery after a difficult restructuring period. In 2024, the Board of Directors' activities also recorded many bright spots in corporate governance: The Board of Directors worked with a high sense of responsibility and transparency, organized 5 meetings with 100% of members attending and issued a total of 213 resolutions and 83 decisions to promptly direct the Corporation's operations. The close, drastic direction and compliance with the law of the Board of Directors have significantly contributed to helping VIMC exceed the assigned production and business targets.

Summary of the 2020–2025 term of the Board of Directors

The period 2020-2025 witnessed unprecedented fluctuations for Vietnam National Shipping Lines as well as the economy in general. Right from the beginning of the term, VIMC transformed its model into a joint stock company (August 2020) and faced the COVID-19 pandemic that disrupted the global supply chain, causing a serious decline in production, trade and service activities. In that context, the Board of Directors of the Corporation clearly identified difficulties and proposed timely solutions. The Board of Directors always closely followed the resolutions of the General Meeting of Shareholders, developed annual action plans and resolutely directed the implementation, thanks to which VIMC continuously completed and exceeded its plans over the years.

Presidium at the Congress

After a long period of almost freezing development investment to focus on restructuring, VIMC has begun implementing many key projects to expand its scale and upgrade its capacity. With a strategic orientation focusing on seaport infrastructure and logistics, VIMC has been investing in expanding deep-water ports and international transit ports. Typically, the Corporation has implemented the project to upgrade and expand berth No. 1 of Quy Nhon Port, started construction of berths 3 and 4 of Lach Huyen Port (Hai Phong), and promoted the Can Gio International Transit Port Project (HCMC) and 2 starting berths at Lien Chieu Port (Da Nang). In addition to port infrastructure, VIMC also focuses on developing its fleet: in recent years, member shipping enterprises have liquidated old ships and invested in a number of new ships after many years of not expanding their fleet. In the maritime services sector, VIMC has focused on developing inland logistics centers (ICDs) in key economic regions: the Ninh Giang Inland Waterway Port project ( Hai Duong ) has been approved and accepted by investors; the Logistics Service Center project in Hoa Vang (Da Nang) has been started; at the same time, it is researching logistics centers and ICDs in Binh Dinh, Tay Ninh, Lach Huyen (Hai Phong)... These projects are in the direction of building a synchronous and comprehensive logistics service chain nationwide.

Along with business development, VIMC attaches special importance to innovation in corporate governance. With the advice of international experts Roland Berger, VIMC has applied many advanced and modern governance methods according to international practices. The governance system is decentralized and strongly delegated, combining both centralized and flexible business management; focusing on customers and promoting continuous improvement (Kaizen) in all activities. VIMC also builds a transparent and competitive recruitment and appointment mechanism, and an attractive salary and bonus policy to attract and retain talent.

In particular, the Corporation has promoted the application of information technology in management, moving towards comprehensive digital transformation, improving operational efficiency. VIMC's management philosophy is summarized in the model "1 System - 2 Centers - 3 Strategies". These extensive innovations have helped VIMC improve its management capacity, creating a solid foundation for new developments.

Direction of activities for the term 2025–2030

Comrade Nguyen Canh Tinh spoke at the Congress.

Entering the 2025–2030 period, VIMC has set out a long-term strategic vision to maintain growth momentum and make breakthroughs in the new era. VIMC's Board of Directors determined to continue to adhere to the 2021–2030 Development Strategy and 2035 Vision, while flexibly updating according to market developments. Some key orientations for the next 5-year term include:

1. Promote investment in port infrastructure, logistics and fleet development: Focus resources on strategic infrastructure projects, especially the construction of deep-water ports, international transit ports and ICD systems in key economic zones. At the same time, invest in building new generation ships, high-tech ships, prioritize the development of modern container fleets to improve VIMC's maritime transport capacity.
2. Building a focused, flexible, customer-oriented business model: Restructuring the operating model towards standardization and flexibility to quickly adapt to the market, promoting breakthrough growth. VIMC will develop integrated service packages of seaports - shipping - logistics with a high level of automation and connectivity; expanding multimodal transport and logistics services based on technology applications to reduce logistics costs and increase value for customers. At the same time, the Corporation will continue to completely resolve financial backlogs, restructure debts of a number of member enterprises and optimize the use of capital and assets in the entire system, ensuring effective exploitation of resources, creating the highest profits for shareholders.
3. Continue to restructure the enterprise, streamline the apparatus: VIMC will promote the enterprise restructuring program with a focus on units operating inefficiently and with prolonged losses. The goal is to build a streamlined, flexible apparatus, eliminate backlogs, and be ready to enter a new stage of development.
4. Expanding international cooperation: Identifying integration as an important direction, VIMC will actively seek and connect with experienced and potential international partners. The Corporation prioritizes attracting strategic investors and financial partners to participate in developing large seaport projects, expanding the container fleet and logistics service chain. At the same time, VIMC will strengthen cooperation with reputable seaports and shipping lines in the world to develop international shipping routes, expand the logistics service market, and directly connect VIMC's port network with the world.
5. Promoting digital transformation and sustainable development: VIMC considers the application and transfer of modern technology as a breakthrough driving force in the coming period. The Corporation will apply advanced technology solutions such as automation, IoT, blockchain, cloud computing, etc. to comprehensively digitize mining operations. Along with digital transformation, VIMC also focuses on green transformation and energy transformation in operations: increasing the use of renewable energy, reducing carbon emissions and complying with international standards on sustainable development. These are necessary steps for VIMC to develop sustainably, keeping up with the trends of the maritime industry in the region and the world.
6. Improving the quality of human resources, building corporate culture: Recognizing that human resources are the key factor, VIMC will implement comprehensive solutions to develop high-quality human resources. Recruitment and utilization of talents will be innovated towards transparency, focusing on training, fostering and building a competent successor team. VIMC will continue to build a positive corporate culture, both with its own identity and creating a dynamic and effective working environment.

Operational plan 2025

Comrade Le Anh Son spoke at the Congress

2025 is identified as a particularly important and pivotal year for VIMC as the Corporation summarizes the 5-year journey of 2021-2025 and moves into a new strategic phase. VIMC's Board of Directors aims to complete at least 100% of the 2025 plan targets approved by the General Meeting of Shareholders. To realize this goal, VIMC proposes key groups of solutions focusing on both market, operational and internal aspects of the enterprise:

• Revenue and profit growth on core foundation: VIMC will expand its business activities around its strengths such as container port operations, integrated logistics, bulk cargo transportation, agricultural products, iron and steel, etc. to create additional revenue and profit sources in addition to traditional business segments. The goal is to maximize the capacity of the existing port system while taking advantage of the fleet to increase transport output.
• Improving operational efficiency and cost control: VIMC focuses on optimizing operational efficiency at key hubs such as wharves, port yards, fleets, etc. by improving operational productivity, shortening loading and unloading time, and ship turnover. Cost management will be enhanced, especially fleet operating costs and container exploitation at the port, ensuring economical and efficient use of resources.
• Investment in developing new capacity: In parallel with maximizing the exploitation of existing assets, VIMC will invest in expanding capacity to prepare for the next growth phase. The 2025 plan includes investment in upgrading the seaport system, expanding the fleet of container ships, bulk carriers and oil tankers to meet future market demand. Investment projects will be implemented carefully, ensuring progress and effective use of capital.
• Promoting sustainable development and transformation: VIMC will create a disciplined and efficient working environment to promote sustainable growth in 2025. In addition, the Corporation will implement important transformation actions in 2025, focusing on digital transformation, process improvement and competitiveness enhancement. These actions will lay the foundation for VIMC to make a breakthrough in the next decade, playing a leading role in Vietnam's maritime and logistics services.
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  Comrade Ho Cong Trung - Deputy Director of the State Enterprise Development Department, Ministry of Finance spoke at the Congress.

With a healthy financial foundation, impressive growth results in 2024 and a clear strategic direction for the new period, VIMC enters 2025 with high confidence and determination. The Board of Directors of Vietnam National Shipping Lines pledges to continue promoting a sense of responsibility, innovation in governance and operation, closely coordinating with the Executive Board to successfully implement the set plan, bringing the highest value to shareholders.

Election of Board of Directors and Supervisory Board for the 2025–2030 term

VIMC Board of Directors for the 2025 – 2030 term

VIMC Board of Supervisors for the 2025 – 2030 term

During the 2020-2025 term, the Board of Directors of Vietnam National Shipping Lines (VIMC) has promoted the spirit of solidarity and made outstanding efforts, bringing the Corporation's operations to many positive results.

Based on these impressive achievements, the General Meeting of Shareholders continued to elect the Board of Directors for the 2025-2030 term, consisting of 5 members. In particular, the top leadership structure has been adjusted when Mr. Nguyen Canh Tinh was elected as Chairman of the Board of Directors and Mr. Le Anh Son as General Director . The transfer of "rowing hands" between the Chairman and General Director promises to bring new vitality, while inheriting and promoting leadership experience to continue to firmly steer the "ship" VIMC to overcome the waves and reach far in the new development stage.

List of members of the Board of Directors of Vietnam National Shipping Lines - JSC for the 2025-2030 term:

1. Mr. Nguyen Canh Tinh , Chairman of the Board of Directors
2. Mr. Le Anh Son , Member of Board of Directors, General Director
3. Mr. Nguyen Dinh Chung , Member of Board of Directors
4. Mr. Do Hung Duong , Member of Board of Directors
5. Mr. Do Tien Duc , Member of Board of Directors

Along with that, the Congress elected the Board of Supervisors for the 2025-2030 term, consisting of 3 members. List of members of the Board of Supervisors of Vietnam National Shipping Lines - JSC for the 2025-2030 term:

1. Mr. Luong Dinh Minh , Head of Supervisory Board
2. Ms. Phan Thi Nhi Ha , Member of the Board of Supervisors
3. Mr. Pham Cao Nhue , Member of the Board of Supervisors

Source: https://vimc.co/2025-annual-conference-of-shareholders-through-2025-business-plan-direction-of-activity-2025-2030/