PetroVietnam Transportation Corporation – APEA – Asia Pacific Enterprise Awards

CORPORATE EXCELLENCE

PetroVietnam Transportation Corporation

Introduction
PetroVietnam Transportation Corporation (PVTrans) was firstly established to supply petroleum transportation services, especially crude oil. The Company was officially converted to PetroVietnam Transporatation Joint Stock Company in May 2007 and renamed PetroVietnam Transportation Corporation in July 2007. PetroVietnam Transportation Corporation was listed on Hochiminh City Stock Exchange on 10 December 2007.

PV Trans provides professional oil and gas transportation services, including the transportation of crude oil, refined oil/chemicals, gas and bulk cargo, maritime services, logistics, technical ship management services and the supply of manpower. Over the past 17 years, PVTrans has become a leader in Vietnam’s maritime transportation which is well-known in both local and international markets with 100% domestic market share in crude oil and LPG transportation and 30% market share of domestic petroleum/chemical transportation.

The Company’s Vision is to maintain its position as Vietnam’s largest transporter and maritime service provider, ensure sustainable, stable development and competitiveness, build and develop PVTrans to become a esteemed transportation brand in regional and global markets.

The Company’s Mission is to contribute to the security of the national energy industry, respond promptly to the demand of the oil and gas transportation and maritime related sector, operate at a profitable level, care for the interests of shareholders, welfare and working environment of employees and contribute to the community and society.

Corporate values
The Company plans to maintain and improve the quality of fleets, skills of the crew and ensure safety in operation, strictly comply with international and national maritime transportation regulations. PVTrans will continue to embrace changes, be creative and innovative to remain relevant in the industry and to increase the wealth of shareholders while providing professional services to customers.

Workplace practices and organizational culture
PVTrans’ s culture is based on responsibility, discipline and effectiveness. Responsibility refers to the job (completing a task effectively), to shareholders (transparency, efficiency, dividends, the value of the company), to employees (income, spiritual wellbeing and friendly working environment, development opportunities) and responsibility to society (taxes, environmental protection, charity, serving the country).

Lastest growth of the company
The Company’s revenue reached VND7,835 billion in 2018, exceeding 149% of the Company’s target and an increase of 23% from last year; Profit before tax reached VN 975 billion, exceeding the targeted figure by 222% and an increase of 45% from the year before. PVTrans is one of the few enterprises in the oil and gas industry and the shipping transportation industry which has maintained a continuous growth rate for the past 6 years with an average annual rate of 20%. In 2018, the average number of employees was 1,797 and an average income of VND18.9 million/person/month and productivity reaching VND365 million/person/month.

Future direction
The main objectives of PVTrans is to tap opportunities to further its business and fleet capacity to maintain its domestic markets and ambitiously targeting 50% market share in the oil product/chemical and coal transportation in Vietnam. PVTrans will continue to focus on investing and upgrading its fleet, improving management, service quality and attracting capital from shareholders and foreign investors to strengthen its competitiveness in the domestic and international markets.

CORPORATE EXCELLENCE

PetroVietnam Transportation Corporation

Introduction
PetroVietnam Transportation Corporation (PVTrans) was firstly established to supply petroleum transportation services, especially crude oil. The Company was officially converted to PetroVietnam Transporatation Joint Stock Company in May 2007 and renamed PetroVietnam Transportation Corporation in July 2007. PetroVietnam Transportation Corporation was listed on Hochiminh City Stock Exchange on 10 December 2007.

PV Trans provides professional oil and gas transportation services, including the transportation of crude oil, refined oil/chemicals, gas and bulk cargo, maritime services, logistics, technical ship management services and the supply of manpower. Over the past 17 years, PVTrans has become a leader in Vietnam’s maritime transportation which is well-known in both local and international markets with 100% domestic market share in crude oil and LPG transportation and 30% market share of domestic petroleum/chemical transportation.

The Company’s Vision is to maintain its position as Vietnam’s largest transporter and maritime service provider, ensure sustainable, stable development and competitiveness, build and develop PVTrans to become a esteemed transportation brand in regional and global markets.

The Company’s Mission is to contribute to the security of the national energy industry, respond promptly to the demand of the oil and gas transportation and maritime related sector, operate at a profitable level, care for the interests of shareholders, welfare and working environment of employees and contribute to the community and society.

Corporate values
The Company plans to maintain and improve the quality of fleets, skills of the crew and ensure safety in operation, strictly comply with international and national maritime transportation regulations. PVTrans will continue to embrace changes, be creative and innovative to remain relevant in the industry and to increase the wealth of shareholders while providing professional services to customers.

Workplace practices and organizational culture
PVTrans’ s culture is based on responsibility, discipline and effectiveness. Responsibility refers to the job (completing a task effectively), to shareholders (transparency, efficiency, dividends, the value of the company), to employees (income, spiritual wellbeing and friendly working environment, development opportunities) and responsibility to society (taxes, environmental protection, charity, serving the country).

Lastest growth of the company
The Company’s revenue reached VND7,835 billion in 2018, exceeding 149% of the Company’s target and an increase of 23% from last year; Profit before tax reached VN 975 billion, exceeding the targeted figure by 222% and an increase of 45% from the year before. PVTrans is one of the few enterprises in the oil and gas industry and the shipping transportation industry which has maintained a continuous growth rate for the past 6 years with an average annual rate of 20%. In 2018, the average number of employees was 1,797 and an average income of VND18.9 million/person/month and productivity reaching VND365 million/person/month.

Future direction
The main objectives of PVTrans is to tap opportunities to further its business and fleet capacity to maintain its domestic markets and ambitiously targeting 50% market share in the oil product/chemical and coal transportation in Vietnam. PVTrans will continue to focus on investing and upgrading its fleet, improving management, service quality and attracting capital from shareholders and foreign investors to strengthen its competitiveness in the domestic and international markets.