The freight transport industry in Vietnam in recent years has encountered many obstacles and challenges, but there are also signs of prosperity. Behind those achievements are the giant apparatuses of the freight business. Let’s update the situation of these businesses offline!

The freight industry in Vietnam in recent years has encountered many obstacles and challenges, but there are also signs of prosperity. Behind those achievements are the giant apparatuses of the freight business. Let’s update Phuong Hoang Transport and Trading Service Transport Co., Ltd. to update the situation of these businesses!
Ownership of shipping businesses
Businesses loading goods by sea are listed In the stock market, most of the enterprises have very small fleets in terms of both the number of ships and the total tonnage of transport companies in the world, the sizes of ships are also mostly handysize (from 35,000 DWT and below). ) has been rarely used by shipping lines around the world in recent years. In addition, businesses such as VOS, VST, VNA, TJC are subsidiaries of Vinalines; VIP, VTO are subsidiaries of Petrolimex; PVT is a PetroVietnam Transportation Corporation with many subsidiaries and associates in the same industry, but it is still a subsidiary of PVN. VFC, in particular, is a non-state owned company, mainly owned by investment organizations.

Comparison of total assets correlation
Owning a large tonnage fleet and also having many subsidiaries transporting oil, gas, LPG, coal, PVT is currently the listed transportation company with the largest total assets and equity. amounting to VND 9,350 billion and VND 3,131 billion at the end of 2014, much higher than the remaining companies. VOS has the second largest scale but is only about half compared to PVT. The remaining businesses VST, VTO, VIP, VNA, VFC, TJC are quite small in terms of total assets (from VND 2,600 billion or less) and equity (from about VND 1,050 billion or less).
Some losses of Vietnamese shipping enterprises
Due to the general difficult business situation in the past years, the cash flow to cover the limited business activities, most transportation enterprises have to accept liquidation of fixed assets (ships, ports). …), giving rise to quite large abnormal profits in the business reports of most businesses. VOS is the business with abnormal profit from the highest sale of ships in 2013-2014, particularly in 2014, VOS liquidated two ships Silver Star and Diamond Star, earning 10.56 million USD. VIP has the second largest abnormal profit in 2014 with VND 212 billion (accounting for 31% of 2014 revenue), which is the profit from the transfer of 152,695 m2 of leased land with the system of wharves, warehouses and ant objects. structure for VIP Green Port JSC.
Although there are still many aspects not equal to the world, but with efforts and strategic, effective and clear steps, the shipping enterprises in Vietnam are day by day affirming their position in the logistics industry. Download home country and reach out to the world.

PHUONG HOANG TRADING & SERVICE TRANSPORT COMPANY