Tan Cang Song Than ICD Joint Stock Company: Driving Innovations to Sustain Position

Over the past 25 years, with extensive experience and prestige, Tan Cang Song Than ICD Joint Stock Company (ICDST) has continuously affirmed its position as a reliable partner in the service supply chain of customers. ICDST always fosters solidarity, dynamism, creativity and determination to excellently achieve all tasks and effectively realize national defense and economic goals.

Tan Cang Song Than ICD Joint Stock Company, a major public company listed on Upcom, has demonstrated excellent corporate governance and transparent information disclosure

Gradually affirming its position

As a member of military-run Saigon Newport Corporation, ICDST has a superior infrastructure system and capacity to offer the full range of logistics services such as warehousing and distribution centers, yard services, transportation services and customs agents in Binh Duong province.

Starting from a simple inland customs clearance point, ICDST is now a professional, full-package logistics service provider and an operator of a green logistics center. The company has built and developed a warehouse system covering over 228,000 square meters, including bonded warehouses, domestic warehouses and CFS warehouses. Besides imported and exported goods, ICDST serves domestic consumer goods industries. The company has become a familiar destination and the first choice of manufacturers in the fast-moving consumer goods (FMCG) industry, third-party logistics service providers (3PL) and international shipping lines.

Lieutenant Colonel Tran Tri Dung, Director of ICDST, said: “To reach this success, the Party Committee, the Board of Directors and Board of Management of ICDST have put forward many flexible business strategies for each task and each stage. ICDST officers and employees have constantly strived to meet the strict criteria of customers, strictly complied with the law, military discipline, the Navy Force and Military Saigon Port. Each Party member, officer and employee is always an exemplary vanguard determined to excellently complete all assigned political tasks and build a clean and strong Party organization and a totally strong and exemplary business.

In 2024 alone, ICDST made a 9% revenue growth and a 16% profit growth over 2023. The company was awarded the “Excellent, exemplary and strong unit” title for three consecutive years and was conferred the Emulation Flag by the Navy for its outstanding and inclusive achievements in military - defense and business. The company was also honored by the State Securities Commission as one of Top 10 large-scale public companies with good governance, information disclosure and transparency in 2023-2024 as it scored 54.74 points, an increase of 10.98 points or 25% from 2022-2023. This was a testament to ICDST’s strong progress in improving governance capacity, information disclosure and transparency with shareholders and stakeholders, thus contributing to enhancing ICDST’s position, domestically and internationally, as an “extended arm” of Saigon Newport Corporation.

Towards sustainable connectivity

ICDST has carried out many investment projects from facilities, equipment, machinery and technology to human resources. Specifically, the company has applied technology and enhanced connectivity with Saigon Newport Corporation’s system, including its member companies across the country. The company has paid attention to training and supplementing high-quality human resources to meet market requirements and industry development. Furthermore, ICDST always adheres to "green" criteria by making efforts to fulfill its commitments to meeting business development requirements, protecting the environment with "green" solutions, minimizing emission impacts and protecting natural resources.

Regarding this matter, Colonel Vu Thi Lan Anh, Party Secretary and President of ICDST, said: The company has enhanced regulatory compliance, and effectively operates yards, empty containers, warehouses and bonded yards. ICDST has also increased investment funds in shelf systems, management software and information technology applications to boost service quality and labor productivity. Currently, the company is asking for more land to expand its operations to meet the demand of customers and partners. It is also actively seeking opportunities to expand its operations and services, gradually perfecting the supply chain, enhancing competitiveness, and attracting investment in Binh Duong province and the whole country. All the staff will strive to build ICDST into a professional, green and modern logistics service provider.

As the logistics industry is facing many challenges, to ensure the efficiency of the supply chain, ICDST is aiming to build an ecosystem to develop infrastructure and multimodal connectivity. From this connectivity, the company will provide a seamless transition for all suppliers, manufacturers and customers. With an integrated approach to improving skills, technology, systems and automation for the ecosystem, supply chain solutions will become more suitable and efficient to reduce logistics costs for customers. As the world is investing a lot in modernization and strengthening domestic and cross-border connections, ICDST's innovations will increasingly enhance sustainable connectivity both now and in the future.

By Duc Binh, Vietnam Business Forum