Tiếng Việt
The Vietnam Report Joint Stock Company has officially announced the ranking of the Top 10 Reputable Logistics Companies of 2024 in the freight transport sector. Among those listed are PetroVietnam Transportation Corporation (PVTrans) and four of its subsidiaries: Pacific Petroleum Transportation JSC (Pacific), Nhat Viet Transportation JSC (NVTrans), International Gas Product Shipping JSC (Gas Shipping), and Phuong Dong Viet Logistics JSC (PVT Logistics). The award ceremony recognizing these outstanding companies is scheduled for January 2025 in Hanoi.
Logistics: Challenges and Opportunities
Logistics is the lifeline of the economy, especially as globalization accelerates the demand for trade and goods transportation. However, the industry faces numerous challenges, including fluctuating fuel prices, pressure to meet environmental standards, and increasing demands for speed and efficiency in supply chains. In Vietnam, the logistics sector also grapples with infrastructure inadequacies and competitive pressures from international corporations.
In this context, PVTrans has leveraged its strengths in maritime transport—specifically in the transportation of crude oil, petroleum products, liquefied gases, and chemicals. This segment holds significant potential, serving not only domestic demands but also international markets in Asia, Europe, and the Americas. Through flexible development strategies and operational cost optimization, PVTrans has weathered market volatility and maintained its leading position in the industry.
PVTrans currently owns a modern fleet of 58 vessels with a total capacity exceeding 1.6 million DWT, making it the largest liquid cargo transport company in Vietnam. Beyond fleet size, PVTrans continuously modernizes its ships to meet international standards, employing advanced technologies to optimize fuel usage, reduce costs, and enhance operational efficiency.
The company’s business performance in the first 11 months of 2024 has been remarkable, with consolidated revenue reaching VND 10,900 billion—a 23% growth compared to the same period last year. Pre-tax profit amounted to VND 1,700 billion, marking an 18% year-on-year increase.
Sustainable Development and Future Vision
PVTrans remains focused on building a comprehensive logistics ecosystem. This strategic vision aims to expand its market share while optimizing services and delivering greater value to customers.
The recognition of PVTrans and its subsidiaries among the Top 10 Reputable Logistics Companies of 2024 underscores the cohesive development and solidarity within the PVTrans group. This achievement reflects relentless efforts and a commitment to providing high-quality services, contributing to the elevation of Vietnam’s logistics sector on the global stage.
PVTrans
Read more:
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- PVTrans – Top 50 best listed company of 2024 in Vietnam, four times honored – a pride hold high
- PVTrans honored as 'Outstanding Enterprise for Employees' for the first time in 2024
- PVTrans Ride The Waves Reach New Height, Fourth Times Presence in "Top 50 Best Listed Companies in Vietnam 2024"
- Response relates to Vietnam Gas and Chemicals Transportation Corporation ("PCT")