Information about the Company
PetroVietnam Transportation Corporation (PVTrans) was initially founded in May 2002 with the primary objective of delivering petroleum transportation services, especially crude oil. Since 2011, following a comprehensive restructuring initiative, the company navigated a crisis successfully and displayed remarkable results, exemplifying sustainable growth in subsequent years. Today, PVTrans stands as a leading shipping company in Vietnam, boasting a strong presence in both domestic and international markets. It offers an array of services, including the transportation of crude oil, oil/chemicals, liquefied petroleum gas, and dry bulk, in addition to offshore petroleum technical services, technical ship management, crew manpower supply, and maritime logistics services.
The corporate vision of PVTrans is to maintain its position as Vietnam's largest multi-owned maritime transporter and offshore petroleum technical service provider, marked by sustainable growth, skilled human resources, and competitive strength. It seeks to build and nurture a reputable brand in the regional and global markets.
The company’s mission revolves around the optimal utilization of resources for PVTrans's sustainable growth and an active contribution to the development of Vietnam's oil and gas industry and maritime transportation sector. It aims to amplify the interests of its shareholders and customers while ensuring its social responsibility towards employees, the community, and broader society.
PVTrans values the expansion of its fleet quality and crew skills, prioritizing operational safety and strict adherence to both international and national maritime transportation regulations. The company cultivates a conducive environment for cooperative growth and embraces changes that propel creativity and innovation.
Corporate Culture & Company Activities
PVTrans has established a vibrant and receptive organizational culture that stands as a solid foundation for achieving its objectives. Ambition, intellect, professionalism, and humanity form the primary pillars of this culture. To ensure business efficiency and uniformity, the company has promoted the standardization of regulations, processes, and procedures across all divisions and subsidiaries, while encouraging the transfer, adoption, and sharing of best practices.
PVTrans gives high priority to its employees’ well-being. Besides offering competitive compensation and bonus packages, the Company extends practical training programs to bolster both personal and professional development among its workforce. In addition, various team-building activities are organized throughout the year, facilitating stronger relationships among employees and enhancing workplace morale.
Contributing towards a harmonious and civilized society is an integral part of PVTrans's corporate values. The company demonstrates its ongoing commitment to corporate social responsibility to employees and the wider community through practical initiatives to reduce emissions, minimize impacts on the environment, provide a series of social security programs, and contribute to a sustainable future. The social security initiatives include sponsoring the construction and renovation of primary schools and hospitals, contributing to scholarship funds, volunteering, organizing memorial and tribute activities, and donating to charitable causes.
PetroVietnam Transportation Corporation (PVTrans) was initially founded in May 2002 with the primary objective of delivering petroleum transportation services, especially crude oil. Since 2011, following a comprehensive restructuring initiative, the company navigated a crisis successfully and displayed remarkable results, exemplifying sustainable growth in subsequent years. Today, PVTrans stands as a leading shipping company in Vietnam, boasting a strong presence in both domestic and international markets. It offers an array of services, including the transportation of crude oil, oil/chemicals, liquefied petroleum gas, and dry bulk, in addition to offshore petroleum technical services, technical ship management, crew manpower supply, and maritime logistics services.
The corporate vision of PVTrans is to maintain its position as Vietnam's largest multi-owned maritime transporter and offshore petroleum technical service provider, marked by sustainable growth, skilled human resources, and competitive strength. It seeks to build and nurture a reputable brand in the regional and global markets.
The company’s mission revolves around the optimal utilization of resources for PVTrans's sustainable growth and an active contribution to the development of Vietnam's oil and gas industry and maritime transportation sector. It aims to amplify the interests of its shareholders and customers while ensuring its social responsibility towards employees, the community, and broader society.
PVTrans values the expansion of its fleet quality and crew skills, prioritizing operational safety and strict adherence to both international and national maritime transportation regulations. The company cultivates a conducive environment for cooperative growth and embraces changes that propel creativity and innovation.
Corporate Culture & Company Activities
PVTrans has established a vibrant and receptive organizational culture that stands as a solid foundation for achieving its objectives. Ambition, intellect, professionalism, and humanity form the primary pillars of this culture. To ensure business efficiency and uniformity, the company has promoted the standardization of regulations, processes, and procedures across all divisions and subsidiaries, while encouraging the transfer, adoption, and sharing of best practices.
PVTrans gives high priority to its employees’ well-being. Besides offering competitive compensation and bonus packages, the Company extends practical training programs to bolster both personal and professional development among its workforce. In addition, various team-building activities are organized throughout the year, facilitating stronger relationships among employees and enhancing workplace morale.
Contributing towards a harmonious and civilized society is an integral part of PVTrans's corporate values. The company demonstrates its ongoing commitment to corporate social responsibility to employees and the wider community through practical initiatives to reduce emissions, minimize impacts on the environment, provide a series of social security programs, and contribute to a sustainable future. The social security initiatives include sponsoring the construction and renovation of primary schools and hospitals, contributing to scholarship funds, volunteering, organizing memorial and tribute activities, and donating to charitable causes.
Beyond the wave, reaching further
Achievements and Impact
PVTrans has demonstrated significant resilience, achieving an impressive average profit growth rate of 15% per annum. In 2022, the company achieved exceptional growth in the business results, breaking previous records with consolidated revenue of USD 408 million and consolidated PBT of USD 62 million, exceeding the plan by 47% and 143%, respectively. Noteworthily, 2022 saw impressive year-on-year growth with consolidated revenue and PBT increasing by 24% and 40%, respectively, following a continuous growth in profit for the 10th consecutive year.
PVTrans has notably expanded its fleet to encompass a total of 46 vessels, including crude oil tankers, oil/chemical tankers, LPG carriers, and dry bulk carriers, amassing a total capacity of over 1.2 million deadweight tonnage (DWT). This ongoing expansion of the company's scale and quality of assets affords PVTrans a competitive advantage, enabling further market growth. While fortifying its domestic market presence, PVTrans has also extended its international reach. Currently, over 85% of its fleet operates globally, spanning from the Asia-Pacific and the Middle East, to higher-end markets in Northern America and Europe.
Faced with an evolving and unpredictable business landscape, PVTrans has embraced an overarching strategy directed towards sustainable growth. This strategy pivots on three key aspects: long-term business performance growth, energy efficiency and environmental protection initiatives, and a robust commitment to social responsibilities.
Future Direction
PVTrans harbors an ambitious vision to emerge as Vietnam's leading maritime transporter and build a prestigious brand across regional and global markets. It has set targets to accomplish a compound annual growth rate (CAGR) of 8% and provide a dividend rate of 10% of the chartered capital.
To realize this vision, PVTrans is committed to fostering sustainable development that ensures agility, flexibility, and responsiveness to unpredictability. The company intends to concentrate on its core businesses, fortify its domestic market stronghold, and expedite its international market expansion. A consistent fleet rejuvenation program is set to be a priority, focusing on investing in younger, fuel-efficient vessels aimed at penetrating high-end markets.
As part of its human resource development strategy, PVTrans will enhance employee satisfaction with competitive remuneration and benefits packages. Continuous training and development programs will be provided alongside succession planning initiatives to prepare a competent pool of next-generation leaders for the company's future growth.
In tandem with the trend towards digital transformation, PVTrans will incorporate digital technology into all aspects of its operations. This strategic integration is expected to streamline operational processes, thereby enhancing overall business performance.
PVTrans has demonstrated significant resilience, achieving an impressive average profit growth rate of 15% per annum. In 2022, the company achieved exceptional growth in the business results, breaking previous records with consolidated revenue of USD 408 million and consolidated PBT of USD 62 million, exceeding the plan by 47% and 143%, respectively. Noteworthily, 2022 saw impressive year-on-year growth with consolidated revenue and PBT increasing by 24% and 40%, respectively, following a continuous growth in profit for the 10th consecutive year.
PVTrans has notably expanded its fleet to encompass a total of 46 vessels, including crude oil tankers, oil/chemical tankers, LPG carriers, and dry bulk carriers, amassing a total capacity of over 1.2 million deadweight tonnage (DWT). This ongoing expansion of the company's scale and quality of assets affords PVTrans a competitive advantage, enabling further market growth. While fortifying its domestic market presence, PVTrans has also extended its international reach. Currently, over 85% of its fleet operates globally, spanning from the Asia-Pacific and the Middle East, to higher-end markets in Northern America and Europe.
Faced with an evolving and unpredictable business landscape, PVTrans has embraced an overarching strategy directed towards sustainable growth. This strategy pivots on three key aspects: long-term business performance growth, energy efficiency and environmental protection initiatives, and a robust commitment to social responsibilities.
Future Direction
PVTrans harbors an ambitious vision to emerge as Vietnam's leading maritime transporter and build a prestigious brand across regional and global markets. It has set targets to accomplish a compound annual growth rate (CAGR) of 8% and provide a dividend rate of 10% of the chartered capital.
To realize this vision, PVTrans is committed to fostering sustainable development that ensures agility, flexibility, and responsiveness to unpredictability. The company intends to concentrate on its core businesses, fortify its domestic market stronghold, and expedite its international market expansion. A consistent fleet rejuvenation program is set to be a priority, focusing on investing in younger, fuel-efficient vessels aimed at penetrating high-end markets.
As part of its human resource development strategy, PVTrans will enhance employee satisfaction with competitive remuneration and benefits packages. Continuous training and development programs will be provided alongside succession planning initiatives to prepare a competent pool of next-generation leaders for the company's future growth.
In tandem with the trend towards digital transformation, PVTrans will incorporate digital technology into all aspects of its operations. This strategic integration is expected to streamline operational processes, thereby enhancing overall business performance.
CORPORATE EXCELLENCE CATEGORY
PetroVietnam Transportation Corporation
Information about the Company
PetroVietnam Transportation Corporation (PVTrans) was initially founded in May 2002 with the primary objective of delivering petroleum transportation services, especially crude oil. Since 2011, following a comprehensive restructuring initiative, the company navigated a crisis successfully and displayed remarkable results, exemplifying sustainable growth in subsequent years. Today, PVTrans stands as a leading shipping company in Vietnam, boasting a strong presence in both domestic and international markets. It offers an array of services, including the transportation of crude oil, oil/chemicals, liquefied petroleum gas, and dry bulk, in addition to offshore petroleum technical services, technical ship management, crew manpower supply, and maritime logistics services.
The corporate vision of PVTrans is to maintain its position as Vietnam's largest multi-owned maritime transporter and offshore petroleum technical service provider, marked by sustainable growth, skilled human resources, and competitive strength. It seeks to build and nurture a reputable brand in the regional and global markets.
The company’s mission revolves around the optimal utilization of resources for PVTrans's sustainable growth and an active contribution to the development of Vietnam's oil and gas industry and maritime transportation sector. It aims to amplify the interests of its shareholders and customers while ensuring its social responsibility towards employees, the community, and broader society.
PVTrans values the expansion of its fleet quality and crew skills, prioritizing operational safety and strict adherence to both international and national maritime transportation regulations. The company cultivates a conducive environment for cooperative growth and embraces changes that propel creativity and innovation.
Corporate Culture & Company Activities
PVTrans has established a vibrant and receptive organizational culture that stands as a solid foundation for achieving its objectives. Ambition, intellect, professionalism, and humanity form the primary pillars of this culture. To ensure business efficiency and uniformity, the company has promoted the standardization of regulations, processes, and procedures across all divisions and subsidiaries, while encouraging the transfer, adoption, and sharing of best practices.
PVTrans gives high priority to its employees’ well-being. Besides offering competitive compensation and bonus packages, the Company extends practical training programs to bolster both personal and professional development among its workforce. In addition, various team-building activities are organized throughout the year, facilitating stronger relationships among employees and enhancing workplace morale.
Contributing towards a harmonious and civilized society is an integral part of PVTrans's corporate values. The company demonstrates its ongoing commitment to corporate social responsibility to employees and the wider community through practical initiatives to reduce emissions, minimize impacts on the environment, provide a series of social security programs, and contribute to a sustainable future. The social security initiatives include sponsoring the construction and renovation of primary schools and hospitals, contributing to scholarship funds, volunteering, organizing memorial and tribute activities, and donating to charitable causes.
PetroVietnam Transportation Corporation (PVTrans) was initially founded in May 2002 with the primary objective of delivering petroleum transportation services, especially crude oil. Since 2011, following a comprehensive restructuring initiative, the company navigated a crisis successfully and displayed remarkable results, exemplifying sustainable growth in subsequent years. Today, PVTrans stands as a leading shipping company in Vietnam, boasting a strong presence in both domestic and international markets. It offers an array of services, including the transportation of crude oil, oil/chemicals, liquefied petroleum gas, and dry bulk, in addition to offshore petroleum technical services, technical ship management, crew manpower supply, and maritime logistics services.
The corporate vision of PVTrans is to maintain its position as Vietnam's largest multi-owned maritime transporter and offshore petroleum technical service provider, marked by sustainable growth, skilled human resources, and competitive strength. It seeks to build and nurture a reputable brand in the regional and global markets.
The company’s mission revolves around the optimal utilization of resources for PVTrans's sustainable growth and an active contribution to the development of Vietnam's oil and gas industry and maritime transportation sector. It aims to amplify the interests of its shareholders and customers while ensuring its social responsibility towards employees, the community, and broader society.
PVTrans values the expansion of its fleet quality and crew skills, prioritizing operational safety and strict adherence to both international and national maritime transportation regulations. The company cultivates a conducive environment for cooperative growth and embraces changes that propel creativity and innovation.
Corporate Culture & Company Activities
PVTrans has established a vibrant and receptive organizational culture that stands as a solid foundation for achieving its objectives. Ambition, intellect, professionalism, and humanity form the primary pillars of this culture. To ensure business efficiency and uniformity, the company has promoted the standardization of regulations, processes, and procedures across all divisions and subsidiaries, while encouraging the transfer, adoption, and sharing of best practices.
PVTrans gives high priority to its employees’ well-being. Besides offering competitive compensation and bonus packages, the Company extends practical training programs to bolster both personal and professional development among its workforce. In addition, various team-building activities are organized throughout the year, facilitating stronger relationships among employees and enhancing workplace morale.
Contributing towards a harmonious and civilized society is an integral part of PVTrans's corporate values. The company demonstrates its ongoing commitment to corporate social responsibility to employees and the wider community through practical initiatives to reduce emissions, minimize impacts on the environment, provide a series of social security programs, and contribute to a sustainable future. The social security initiatives include sponsoring the construction and renovation of primary schools and hospitals, contributing to scholarship funds, volunteering, organizing memorial and tribute activities, and donating to charitable causes.
Beyond the wave, reaching further
Achievements and Impact
PVTrans has demonstrated significant resilience, achieving an impressive average profit growth rate of 15% per annum. In 2022, the company achieved exceptional growth in the business results, breaking previous records with consolidated revenue of USD 408 million and consolidated PBT of USD 62 million, exceeding the plan by 47% and 143%, respectively. Noteworthily, 2022 saw impressive year-on-year growth with consolidated revenue and PBT increasing by 24% and 40%, respectively, following a continuous growth in profit for the 10th consecutive year.
PVTrans has notably expanded its fleet to encompass a total of 46 vessels, including crude oil tankers, oil/chemical tankers, LPG carriers, and dry bulk carriers, amassing a total capacity of over 1.2 million deadweight tonnage (DWT). This ongoing expansion of the company's scale and quality of assets affords PVTrans a competitive advantage, enabling further market growth. While fortifying its domestic market presence, PVTrans has also extended its international reach. Currently, over 85% of its fleet operates globally, spanning from the Asia-Pacific and the Middle East, to higher-end markets in Northern America and Europe.
Faced with an evolving and unpredictable business landscape, PVTrans has embraced an overarching strategy directed towards sustainable growth. This strategy pivots on three key aspects: long-term business performance growth, energy efficiency and environmental protection initiatives, and a robust commitment to social responsibilities.
Future Direction
PVTrans harbors an ambitious vision to emerge as Vietnam's leading maritime transporter and build a prestigious brand across regional and global markets. It has set targets to accomplish a compound annual growth rate (CAGR) of 8% and provide a dividend rate of 10% of the chartered capital.
To realize this vision, PVTrans is committed to fostering sustainable development that ensures agility, flexibility, and responsiveness to unpredictability. The company intends to concentrate on its core businesses, fortify its domestic market stronghold, and expedite its international market expansion. A consistent fleet rejuvenation program is set to be a priority, focusing on investing in younger, fuel-efficient vessels aimed at penetrating high-end markets.
As part of its human resource development strategy, PVTrans will enhance employee satisfaction with competitive remuneration and benefits packages. Continuous training and development programs will be provided alongside succession planning initiatives to prepare a competent pool of next-generation leaders for the company's future growth.
In tandem with the trend towards digital transformation, PVTrans will incorporate digital technology into all aspects of its operations. This strategic integration is expected to streamline operational processes, thereby enhancing overall business performance.
PVTrans has demonstrated significant resilience, achieving an impressive average profit growth rate of 15% per annum. In 2022, the company achieved exceptional growth in the business results, breaking previous records with consolidated revenue of USD 408 million and consolidated PBT of USD 62 million, exceeding the plan by 47% and 143%, respectively. Noteworthily, 2022 saw impressive year-on-year growth with consolidated revenue and PBT increasing by 24% and 40%, respectively, following a continuous growth in profit for the 10th consecutive year.
PVTrans has notably expanded its fleet to encompass a total of 46 vessels, including crude oil tankers, oil/chemical tankers, LPG carriers, and dry bulk carriers, amassing a total capacity of over 1.2 million deadweight tonnage (DWT). This ongoing expansion of the company's scale and quality of assets affords PVTrans a competitive advantage, enabling further market growth. While fortifying its domestic market presence, PVTrans has also extended its international reach. Currently, over 85% of its fleet operates globally, spanning from the Asia-Pacific and the Middle East, to higher-end markets in Northern America and Europe.
Faced with an evolving and unpredictable business landscape, PVTrans has embraced an overarching strategy directed towards sustainable growth. This strategy pivots on three key aspects: long-term business performance growth, energy efficiency and environmental protection initiatives, and a robust commitment to social responsibilities.
Future Direction
PVTrans harbors an ambitious vision to emerge as Vietnam's leading maritime transporter and build a prestigious brand across regional and global markets. It has set targets to accomplish a compound annual growth rate (CAGR) of 8% and provide a dividend rate of 10% of the chartered capital.
To realize this vision, PVTrans is committed to fostering sustainable development that ensures agility, flexibility, and responsiveness to unpredictability. The company intends to concentrate on its core businesses, fortify its domestic market stronghold, and expedite its international market expansion. A consistent fleet rejuvenation program is set to be a priority, focusing on investing in younger, fuel-efficient vessels aimed at penetrating high-end markets.
As part of its human resource development strategy, PVTrans will enhance employee satisfaction with competitive remuneration and benefits packages. Continuous training and development programs will be provided alongside succession planning initiatives to prepare a competent pool of next-generation leaders for the company's future growth.
In tandem with the trend towards digital transformation, PVTrans will incorporate digital technology into all aspects of its operations. This strategic integration is expected to streamline operational processes, thereby enhancing overall business performance.