Green Development & Investment Service

What Green Development & Investment Service does

Green Development and Investment Service Joint Stock Company, operating under the brand VSC Green Logistics and ticker GIC on the Hanoi Stock Exchange, is a Vietnam-based container depot and logistics services company headquartered at Lot CC2, MP Dinh Vu Industrial Zone, Hai Phong — Vietnam's largest port city. Founded in 2020 as a member of the VICONSHIP group (Vietnam Container Joint Stock Company), the company operates a single-site container yard providing four core services: lift-on/lift-off, storage and delivery of containers; container maintenance and repair (M&R) including IICL and reefer container certifications; Garment-on-Hanger (GOH) container services for textile cargo; and trucking/transportation services. Its customers are large international container shipping lines including Evergreen, OOCL, COSCO Shipping, Maersk Line, CMA CGM, Yang Ming, Hapag-Lloyd, TS Lines, and Wan Hai Lines.

The company monetizes each service on a transaction-fee basis, with services delivered directly at its Hai Phong depot. An E-Depot online portal (edepot.greenicd.com.vn) supports container receiving, delivery, and tracking for customers. The go-to-market model is enterprise field sales targeting shipping-line procurement and operations teams, with no public pricing, no multi-location footprint, and no consumer-facing product. GIC went public on October 22, 2020, listing 12,120,000 shares on HNX, and has subsequently rotated auditors among KPMG, PwC, and Deloitte and undergone multiple rounds of board and charter changes, including the 2022 and 2023 chairmanship transitions.

The business model is therefore best characterized as a single-asset, asset-heavy container terminal service business with enterprise B2B customers concentrated in one industry, dependent on Hai Phong port throughput volumes. Reported revenue has declined each year from 2022 to 2025, and there are no documented new product lines, geographic expansions, or material M&A beyond a 2023 VGI share purchase. The company has no disclosed AI/ML capabilities, and its technology footprint is limited to standard depot-management IT systems.

Name

Green Development & Investment Service

Legal name

GREEN DEVELOPMENT AND INVESTMENT SERVICE JSC

Website

https://greenicd.com.vn

Company type

Public

Operating status

Operating

Short description

Green Development and Investment Service JSC (GIC / VSC Green Logistics) is a Hai Phong, Vietnam-based container depot and logistics company serving major international shipping lines with container handling, storage, repair, GOH, and trucking services from its MP Dinh Vu Industrial Zone facility. Listed on HNX since 2020 as a VICONSHIP member.

Ownership category

akta.pro rank

Product category

Container Depot and Logistics Services

NAICS

Warehousing and Storage (493)

SIC

Public Warehousing & Storage (4220), Trucking & Courier Services (No Air) (4210)

akta.pro primary industry

Container Yards & Inland Depot Storage (Empty Container Depots/ICDs) (TLALAAAI)

akta.pro secondary industry

Off-Dock Container Yards (Near-Port Overflow Yards) (TLALAJAK)

Keywords

• Container depot services
• Container maintenance repair
• Container storage handling
• Reefer container services
• Container trucking logistics

Headquarters

HQ city

Hai Phong

HQ country

Vietnam

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Container Handling Services: Lift on/off, storage and delivery services for shipping containers
2. Container M&R (Maintenance & Repair): Inspection, repair and certification services for containers including IICL and reefer container certifications
3. GOH Container Service: Garment on Hanger container services for textile industry
4. Trucking Services: Container transport and trucking services

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Green Development & Investment Service (GIC) operates a container depot in Hai Phong, Vietnam providing lift on/off, storage and delivery of containers, container maintenance and repair (M&R), GOH (Garment-on-Hanger) container handling, and inland trucking/transportation. Services are designed for international shipping lines and container operators needing a certified, technology-enabled depot in northern Vietnam, with electronic tracking via an E-Depot system.

Product overview

Green Development and Investment Service JSC (GIC) operates as a container depot and logistics services company, offering four interconnected core services: lift on/off, storage and deliver containers; Container M&R (maintenance and repair) service; GOH (Garment-on-Hanger) container service for textile cargo; and trucking/transportation services. The company serves major international shipping lines including Evergreen, OOCL, COSCO, Maersk, CMA CGM, Yang Ming, and Hapag-Lloyd. The company also provides an eDepot online portal for customer transactions and container tracking.

Differentiator

Problem solved

Functional benefit

Brands

• EDEPot: Online container tracking and management platform for customers to track containers, view transactions, and access depot services.

Products and services

• Container Lift On/Off, Storage and Delivery Service

Named customers9 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• VICONSHIP (Vietnam Container Joint Stock Company)coreStrategic or Co-development PartnerParent company and group affiliation. VICONSHIP is the parent organization of VSC Green Logistics. The parent company is headquartered at 11 Vo Thi Sau, Ngo Quyen District, Hai Phong.

Scale indicators2 records

Recent moves7 records

Expansion highlights3 records

Direct peers

• Gemadept Corporation: Vietnamese listed logistics group operating container yards, ICDs, and port-related logistics. Most directly comparable as a Vietnam-based depot/ICD operator serving the same shipping-line customer base.
• VICONSHIP (Vietnam Container Joint Stock Company): GIC's parent group, Vietnam's container shipping and logistics conglomerate. Operates adjacent container logistics services and is the most direct strategic peer given shared group ownership and customer overlap.
• Saigon Newport Corporation: Major Vietnamese port and container terminal operator providing container handling, storage, and logistics services. Closely comparable depot/terminal business model serving international shipping lines in Vietnam.

Broad incumbents

• DP World: Global port operator with extensive depot and inland container terminal operations worldwide. Comparable as a large-scale container logistics operator, though much broader in geographic and service scope than GIC.
• International Container Terminal Services Inc. (ICTSI): Philippine-listed global container terminal operator with operations across Asia, Africa, and the Americas. Comparable as a publicly listed container terminal/depot operator serving global liner customers.
• COSCO Shipping Ports: Hong Kong-listed port operator and a sister entity to one of GIC's largest customers (COSCO Shipping). Operates terminals and container handling facilities globally, providing a comparable large-scale container logistics benchmark.
• PSA International: Singapore-based global port operator with significant container handling and depot services. Comparable as a major container logistics player with overlapping liner customers and yard-management expertise.

Regional players

• Kerry Logistics Network: Hong Kong-listed Asia-based logistics company with integrated freight, warehousing, and container services. Comparable as a regional integrated logistics operator with depot-adjacent capabilities serving shipping-line customers.
• Yusen Logistics: Asia-headquartered global logistics provider with depot and container-related services in ASEAN. Comparable as a regional logistics operator with container handling and storage capabilities, though operating at much larger scale.

Emerging players

• Transimex (TMS): Vietnamese logistics, freight forwarding, and bonded warehouse operator. Comparable as a Vietnam-based logistics provider with services overlapping GIC's trucking and warehousing offerings, though broader in scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Green Development & Investment Service