3 Vietnam Logistics Stocks Trading Below Fair Value After EVFTA Changes
Vietnam’s role in global supply chains is getting fresh attention as the EU-Vietnam Free Trade Agreement reshapes trade flows and cost structures. For investors, the key question is which export-oriented industrial and logistics stocks might benefit most from lower tariffs, rising foreign interest and tighter EU standards, and which might struggle with the extra compliance load. This article looks at three stocks from our Vietnam Export-Oriented Industrial & Logistics Stocks screener that appear positively exposed to these shifting trade patterns and regulatory demands, and explains what to watch before deciding whether any of them deserve a place on your watchlist.
Gemadept Group (HOSE:GMD)
Overview: Gemadept Group is a Vietnam based port operator and logistics company that runs a network of container ports, inland container depots, air cargo terminals, distribution centers and cold storage facilities, as well as providing shipping, multimodal transport and freight forwarding services for domestic and international trade.
Market Cap: ₫32,840.12b
Gemadept Group gives you direct exposure to Vietnam’s export engine at a time when the EVFTA is supporting higher trade flows between Vietnam and Europe, especially for container and freight volumes. The company combines this exposure with strong recent earnings momentum, high net profit margins around 39% and a share price that is currently below one widely used cash flow based fair value estimate. At the same time, Gemadept relies heavily on external borrowing and pays a P/E premium to local infrastructure peers, which could matter if funding costs change. For investors willing to weigh that funding risk against the earnings quality and port footprint, there is more to unpack in the details of its ports, balance sheet and growth plans.
Gemadept’s earnings momentum and 39% net margins can make the current P/E premium look less demanding, especially with EVFTA tailwinds. Get the full picture with the DCF valuation analysis for Gemadept Group. The capital structure may change how that upside actually plays out.
Vietnam Container Shipping (HOSE:VSC)
Overview: Vietnam Container Shipping operates ports, container terminals, depots and warehouses around Hai Phong, providing container handling, storage, inspection, cold chain and road transport services, as well as acting as a shipping and freight forwarding agent for exporters and importers.
Market Cap: ₫5,166.31b
Vietnam Container Shipping sits in the flow of Vietnam’s export activity to Europe, so the EVFTA can directly influence container volumes and demand for its port and logistics services. The stock is trading below one cash flow based fair value estimate. Profit margins have narrowed to 8.1% from 12%, earnings have varied over time and interest costs and high leverage put pressure on cash flow quality. Governance questions and frequent board changes also add uncertainty. For investors who can balance that risk against recent earnings figures and EVFTA related trade activity, this business may warrant a closer look.
Vietnam Container Shipping’s lower cash flow based value and tighter margins hint at a story that price alone may not capture. Compare its valuation, leverage and earnings resilience in the analysis report for Vietnam Container Shipping
Hai An Transport And Stevedoring (HOSE:HAH)
Overview: Hai An Transport And Stevedoring is a Vietnam based container shipping and port services company that runs vessels, terminals and depots to handle, store and move cargo for exporters and importers, and offers related services such as trucking, customs clearance and door to door logistics.
Market Cap: ₫8,409.28b
Hai An Transport And Stevedoring sits right in the flow of Vietnam’s seaborne trade with Europe, so the EVFTA’s tariff cuts and tighter integration into EU supply chains directly tie into its container volumes and port activity. Earnings growth has been strong in recent years, profitability is high with a 23.2% net margin and 24.5% ROE, and the stock trades below one cash flow based fair value estimate even after solid 2026 results. At the same time, the company leans on higher risk external borrowing and has some governance questions around board turnover and an unstable dividend record. For investors who want direct exposure to Vietnam’s export logistics but are alert to funding and governance risk, Hai An presents a case that merits a closer look at the details behind those headline metrics.
Hai An Transport And Stevedoring’s high margins, 24.5% ROE and a share price below one cash flow based fair value estimate hint at an underappreciated setup. See how the funding and governance questions really shape that story in the analysis report for Hai An Transport And Stevedoring
The three Vietnam Export-Oriented Industrial & Logistics Stocks covered here are just a starting point. The full screener surfaces 17 more companies that pair financial strength with export-linked narratives that you have not seen yet in this article through the Vietnam Export-Oriented Industrial & Logistics Stocks screener. Use Simply Wall St to identify and analyze the specific catalysts and narratives that matter to you so you can focus on the highest conviction ideas in this theme.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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