VIMC CELEBRATES 30 YEARS OF ESTABLISHMENT AND RECEIVES THE SECOND-CLASS LABOR MEDAL – NAVIGATING INTO A NEW ERA
Hanoi, May 10, 2025 – Vietnam Maritime Corporation (VIMC) solemnly celebrates its 30th anniversary and receives the Second-Class Labor Medal, marking three decades of establishment, development, and significant contributions to Vietnam’s maritime industry from (April 29, 1995 – April 29, 2025). The event is honoured by the presence of leaders from the Party and Government, the Ministry of Finance, strategic partners and customers, as well as entire number of VIMC employees.
Three Decades of Establishment and Development
Vietnam Maritime Corporation (formerly known as Vinalines) was established on April 29, 1995, through the restructuring of several shipping, port operation, and maritime service enterprises. Initially, Vinalines had a modest charter capital of less than VND 1,500 billion, managing a fleet of 49 vessels with an average age of 21.5 years and a combined tonnage of 400,000 DWT. At that time, the corporation lacked dedicated port infrastructure, possessing only 6,900 meters of berth.
Throughout its history, VIMC has undergone multiple phases of growth. At its peak, the corporation managed a fleet of 159 vessels with a total capacity of nearly 3.5 million DWT, accounting for 45% of the national fleet’s total tonnage. However, the global financial crisis of 2008 posed severe challenges, pushing VIMC over the brink of bankruptcy.
During this turbulent period,with the strategic direction and support from the Government and relevant ministries, VIMC successfully navigated the crisis. Inspired by the resilience and determination of seafarers, VIMC implemented transformative solutions that have been rigorously pursued over the past decade.
Undergoing a comprehensive restructuring, VIMC streamlined its operations to focus on three core business pillars: port operation, shipping and maritime services. It also decisively divested from loss-making entities and adopted modern governance and business models. New management tools and customer-centric strategies were integrated across all operations, ensuring greater efficiency and effectiveness.
With these breakthrough strategies, VIMC has achieved remarkable recovery and development. From an equity deficit of VND 4,600 billion, the corporation has now grown to VND 17,000 billion in equity capital. Today, VIMC has transformed into a publicly listed enterprise with a market capitalization exceeding VND 100,000 billion. The corporation operates more than 16 key seaports, handling nearly 30% of Vietnam’s total cargo throughput, while continuously expanding and modernizing its shipping fleet.
VIMC is spearheading investmentsin major deep-sea ports, including Cai Mep – Thi Vai, Lach Huyen and Can Gio International Hub Port – —a strategically significant project aimed at enhancing Vietnam’s maritime position on the global stage. Over three decades, VIMC’s relentless innovation has not only enabled its recovery but also unlocked new pathways for sustainable growth, setting the stage for a future of groundbreaking advancements.
30th Anniversary Ceremony
The 30th anniversary and the awarding of the Second-Class Labor Medal to VIMC take place on May 10, 2025, at the National Convention Center. The event is attended by senior leaders from the Party and Government, representatives from ministries, international organizations, business partners, and entire VIMC workforce.
During the ceremony, Mr. Le Anh Son, Chairman of the VIMC’sBoard of Members, emphasized: “The Second-Class Labor Medal, awarded by the President, is a tremendous honor and encouragement for all VIMC employees. Our 30-year journey is not only one of growth but also of challenges and innovation. VIMC is committed to expanding its operations, enhancing competitiveness, and making significant contributions to Vietnam’s economy.”
Sustainable Development Strategy
In the coming years, VIMC aims to optimize port operations, expand logistics services, and modernize its fleet with environmentally friendly vessels. The corporation is actively collaborating with leading global shipping companies to strengthen Vietnam’s maritime connectivity.
VIMC is also prioritizing digital transformation, incorporating artificial intelligence (AI) and big data into port operations and maritime logistics. These advancements will optimize costs, improve efficiency, and minimize environmental impact, driving sustainable growth.
Additionally, VIMC is developing modern logistics hubs in Hai Phong, Da Nang, and Ho Chi Minh City to enhance supply chain efficiency. These hubs will play a crucial role in connecting Vietnam’s maritime industry with international trade routes, boosting the country’s competitiveness in regional and global markets.
Commitment to National Economic Development
As a leading enterprise in Vietnam’s maritime sector, VIMC remains committed to fostering economic growth, facilitating international trade, and enhancing the competitiveness of the country’s port system. The corporation’s future vision includes maintaining sustainable growth while adopting global standards for green shipping and smart logistics.
The 30th anniversary marks a significant milestone in VIMC’s journey. With a solid foundation and a clear strategic vision, the corporation continues to assert its leadership in the maritime sector, striving for sustainable development and deeper global integration. With clear strategic direction and bold ambitions, VIMC is steadily advancing toward its goal of becoming a leading maritime corporation in the region.
For Media Inquiries:
Quang Tuan
T: 0837897868
Email: tuandq@vimc.co
Website: https://vimc.co/