Although the freight industry in Vietnam in recent years has many problems and challenges, there are also signs of prosperity. Behind those achievements are the huge apparatus of freight businesses. Let’s update the situation of these businesses!

Although the freight industry in Vietnam in recent years has many problems and challenges, there are also signs of prosperity. Behind those achievements are the huge apparatus of freight businesses. Let’s join Phuong Hoang Transport Service Co., Ltd to update the situation of these businesses!

Although the freight industry in Vietnam in recent years has many problems and challenges, there are also signs of prosperity. Behind those achievements are the huge apparatus of freight businesses. Let’s join Phuong Hoang Transport Service Co., Ltd to update the situation of these businesses!
Ownership of sea freight businesses
The enterprises that have been listed on the stock market are mostly those with very small fleets in terms of both the number of ships and the total tonnage compared to other transport enterprises in the world, sizes. The ship is also mostly handysize (from 35,000 DWT or less) which has been used by the world’s shipping companies for the past few years. In addition, businesses such as VOS, VST, VNA, TJC are subsidiaries of Vinalines; VIP and VTO are subsidiaries of Petrolimex; PVT is PetroVietnam Transportation Corporation owns many subsidiaries and affiliates in the same industry, but is still a subsidiary of PVN. Particularly, VFC is a company not affiliated with the State Group, which is owned mainly by investment organizations.
Comparison of total assets
With the scale of owning a large tonnage fleet and also owning many subsidiaries transporting oil, gas, LPG, coal, PVT is currently a listed transport company with the largest total assets and owners’ equity. up to VND 9,350 billion and VND 3,131 billion at the end of 2014, far exceeding the remaining companies. VOS has the second largest scale but is only about half as much as PVT. The remaining enterprises VST, VTO, VIP, VNA, VFC, TJC are quite small in total assets (from VND 2,600 billion or less) and equity (from about VND 1,050 billion or less).

 

Some losses of Vietnamese sea freight enterprises
Because the business situation in general has been difficult in recent years, cash flow to cover business activities is limited, so most transport enterprises must accept liquidation of fixed assets (ships and ports). …), giving rise to a sizable irregular profit in the business performance report of most businesses. VOS is an enterprise with extraordinary profit from selling the highest ship in 2 years 2013-2014, particularly in 2014, VOS has liquidated two Silver Star and Diamond Star ships collected about 10.56 million USD. VIP has an unusually large profit second in 2014 with VND 212 billion (accounting for 31% of 2014 revenue), which is the profit from the transfer of leased land of 152,695 m2 and the wharf, warehouse and ant facilities. architecture for JSC VIP Green Port.

Although there are many aspects that are still not equal to the world, but with efforts and strategic steps, clearly and effectively, freight transport enterprises in Vietnam are each and every day affirming their position in the transport sector. Water loading houses and reaching out to the world.

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