Information about the Company
PetroVietnam Transportation Corporation (PVTrans) was initially founded in May 2002 with the primary objective of delivering petroleum transportation services, mainly 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 company’s vision is to maintain its position as Vietnam's largest transporter and maritime service provider while assuring long-term growth. It also plans to grow its brand into a well-known transportation brand in regional and global markets.
PVTrans’ mission is to respond promptly to petroleum transportation and maritime service demands, thereby contributing to the aim of national energy security. It will operate profitably to protect and expand capital, maximize shareholder profits, provide employee perks, and ensure corporate social responsibility.
The company’s core values include maintaining and improving fleet quality and crew skills to ensure operational safety; strictly adhering to national and global maritime safety regulations; promoting unity, support, and cooperation; aligning personal accountability with work efficiency; complying with internal regulations; and commit to providing professional services, social responsibility, and environmental protection.
Corporate Culture & Company Activities
The leaders at PVTrans always emphasize that corporate culture is the backbone of the organization. Aside from focusing on Ambition, Intellect, Professionalism, and Humanity on the surface, the company integrates these values into every employee's experience. There has always been a supportive atmosphere and collaborative environment where the experienced generation inspires the new generation with knowledge and passion, creating a consistent corporate identity at all levels.
PVTrans is committed to ensuring that employee well-being goes beyond being just a slogan. With competitive salaries, comprehensive benefits, and continuous development opportunities, the company actively promotes both personal and professional growth. This approach is reinforced by unified policies and a culture of sharing best practices, which collectively improve operational efficiency and support teamwork throughout the organization.
The company’s spirit is clearly demonstrated through its events, such as team-building activities that strengthen the bond among colleagues. Furthermore, PVTrans’ commitment to CSR is evident through its various initiatives, such as offering scholarships, providing disaster relief, and supporting community projects. These activities are crucial in enhancing the company’s impact on community development and affirming its commitment to social responsibility.
PetroVietnam Transportation Corporation (PVTrans) was initially founded in May 2002 with the primary objective of delivering petroleum transportation services, mainly 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 company’s vision is to maintain its position as Vietnam's largest transporter and maritime service provider while assuring long-term growth. It also plans to grow its brand into a well-known transportation brand in regional and global markets.
PVTrans’ mission is to respond promptly to petroleum transportation and maritime service demands, thereby contributing to the aim of national energy security. It will operate profitably to protect and expand capital, maximize shareholder profits, provide employee perks, and ensure corporate social responsibility.
The company’s core values include maintaining and improving fleet quality and crew skills to ensure operational safety; strictly adhering to national and global maritime safety regulations; promoting unity, support, and cooperation; aligning personal accountability with work efficiency; complying with internal regulations; and commit to providing professional services, social responsibility, and environmental protection.
Corporate Culture & Company Activities
The leaders at PVTrans always emphasize that corporate culture is the backbone of the organization. Aside from focusing on Ambition, Intellect, Professionalism, and Humanity on the surface, the company integrates these values into every employee's experience. There has always been a supportive atmosphere and collaborative environment where the experienced generation inspires the new generation with knowledge and passion, creating a consistent corporate identity at all levels.
PVTrans is committed to ensuring that employee well-being goes beyond being just a slogan. With competitive salaries, comprehensive benefits, and continuous development opportunities, the company actively promotes both personal and professional growth. This approach is reinforced by unified policies and a culture of sharing best practices, which collectively improve operational efficiency and support teamwork throughout the organization.
The company’s spirit is clearly demonstrated through its events, such as team-building activities that strengthen the bond among colleagues. Furthermore, PVTrans’ commitment to CSR is evident through its various initiatives, such as offering scholarships, providing disaster relief, and supporting community projects. These activities are crucial in enhancing the company’s impact on community development and affirming its commitment to social responsibility.
Achievements and Impact
PVTrans has demonstrated significant resilience, achieving an impressive profit CAGR of 15%. In 2023, the company achieved stable growth, breaking previous records with consolidated revenue of USD 431 million and consolidated PBT of USD 66 million, exceeding the plan by 49% and 128%, respectively. Following a continuous growth in profit for the 12th consecutive year, 2023 also saw year-on-year growth in consolidated revenue and PBT of 6%.
This success has been further strengthened by the company’s policy to expand its fleet, which now includes 53 vessels boasting a combined capacity of over 1.5 million DWT. This expansion has not only reinforced PVTrans' dominance in the domestic market but has also boosted its international stature, with 90% of its fleet engaged in global operations.
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
Looking ahead, PVTrans aims to reinforce its status as Vietnam’s leading maritime transporter and build a prestigious global brand. The Company’s roadmap includes a compound annual growth rate target of 8% and a 10% dividend rate.
To realize this vision, PVTrans is committed to fostering sustainable development that ensures agility, flexibility, and responsiveness to unpredictability. The company continues 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 profit CAGR of 15%. In 2023, the company achieved stable growth, breaking previous records with consolidated revenue of USD 431 million and consolidated PBT of USD 66 million, exceeding the plan by 49% and 128%, respectively. Following a continuous growth in profit for the 12th consecutive year, 2023 also saw year-on-year growth in consolidated revenue and PBT of 6%.
This success has been further strengthened by the company’s policy to expand its fleet, which now includes 53 vessels boasting a combined capacity of over 1.5 million DWT. This expansion has not only reinforced PVTrans' dominance in the domestic market but has also boosted its international stature, with 90% of its fleet engaged in global operations.
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
Looking ahead, PVTrans aims to reinforce its status as Vietnam’s leading maritime transporter and build a prestigious global brand. The Company’s roadmap includes a compound annual growth rate target of 8% and a 10% dividend rate.
To realize this vision, PVTrans is committed to fostering sustainable development that ensures agility, flexibility, and responsiveness to unpredictability. The company continues 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 (PVTRANS)
Information about the Company
PetroVietnam Transportation Corporation (PVTrans) was initially founded in May 2002 with the primary objective of delivering petroleum transportation services, mainly 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 company’s vision is to maintain its position as Vietnam's largest transporter and maritime service provider while assuring long-term growth. It also plans to grow its brand into a well-known transportation brand in regional and global markets.
PVTrans’ mission is to respond promptly to petroleum transportation and maritime service demands, thereby contributing to the aim of national energy security. It will operate profitably to protect and expand capital, maximize shareholder profits, provide employee perks, and ensure corporate social responsibility.
The company’s core values include maintaining and improving fleet quality and crew skills to ensure operational safety; strictly adhering to national and global maritime safety regulations; promoting unity, support, and cooperation; aligning personal accountability with work efficiency; complying with internal regulations; and commit to providing professional services, social responsibility, and environmental protection.
Corporate Culture & Company Activities
The leaders at PVTrans always emphasize that corporate culture is the backbone of the organization. Aside from focusing on Ambition, Intellect, Professionalism, and Humanity on the surface, the company integrates these values into every employee's experience. There has always been a supportive atmosphere and collaborative environment where the experienced generation inspires the new generation with knowledge and passion, creating a consistent corporate identity at all levels.
PVTrans is committed to ensuring that employee well-being goes beyond being just a slogan. With competitive salaries, comprehensive benefits, and continuous development opportunities, the company actively promotes both personal and professional growth. This approach is reinforced by unified policies and a culture of sharing best practices, which collectively improve operational efficiency and support teamwork throughout the organization.
The company’s spirit is clearly demonstrated through its events, such as team-building activities that strengthen the bond among colleagues. Furthermore, PVTrans’ commitment to CSR is evident through its various initiatives, such as offering scholarships, providing disaster relief, and supporting community projects. These activities are crucial in enhancing the company’s impact on community development and affirming its commitment to social responsibility.
PetroVietnam Transportation Corporation (PVTrans) was initially founded in May 2002 with the primary objective of delivering petroleum transportation services, mainly 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 company’s vision is to maintain its position as Vietnam's largest transporter and maritime service provider while assuring long-term growth. It also plans to grow its brand into a well-known transportation brand in regional and global markets.
PVTrans’ mission is to respond promptly to petroleum transportation and maritime service demands, thereby contributing to the aim of national energy security. It will operate profitably to protect and expand capital, maximize shareholder profits, provide employee perks, and ensure corporate social responsibility.
The company’s core values include maintaining and improving fleet quality and crew skills to ensure operational safety; strictly adhering to national and global maritime safety regulations; promoting unity, support, and cooperation; aligning personal accountability with work efficiency; complying with internal regulations; and commit to providing professional services, social responsibility, and environmental protection.
Corporate Culture & Company Activities
The leaders at PVTrans always emphasize that corporate culture is the backbone of the organization. Aside from focusing on Ambition, Intellect, Professionalism, and Humanity on the surface, the company integrates these values into every employee's experience. There has always been a supportive atmosphere and collaborative environment where the experienced generation inspires the new generation with knowledge and passion, creating a consistent corporate identity at all levels.
PVTrans is committed to ensuring that employee well-being goes beyond being just a slogan. With competitive salaries, comprehensive benefits, and continuous development opportunities, the company actively promotes both personal and professional growth. This approach is reinforced by unified policies and a culture of sharing best practices, which collectively improve operational efficiency and support teamwork throughout the organization.
The company’s spirit is clearly demonstrated through its events, such as team-building activities that strengthen the bond among colleagues. Furthermore, PVTrans’ commitment to CSR is evident through its various initiatives, such as offering scholarships, providing disaster relief, and supporting community projects. These activities are crucial in enhancing the company’s impact on community development and affirming its commitment to social responsibility.
Achievements and Impact
PVTrans has demonstrated significant resilience, achieving an impressive profit CAGR of 15%. In 2023, the company achieved stable growth, breaking previous records with consolidated revenue of USD 431 million and consolidated PBT of USD 66 million, exceeding the plan by 49% and 128%, respectively. Following a continuous growth in profit for the 12th consecutive year, 2023 also saw year-on-year growth in consolidated revenue and PBT of 6%.
This success has been further strengthened by the company’s policy to expand its fleet, which now includes 53 vessels boasting a combined capacity of over 1.5 million DWT. This expansion has not only reinforced PVTrans' dominance in the domestic market but has also boosted its international stature, with 90% of its fleet engaged in global operations.
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
Looking ahead, PVTrans aims to reinforce its status as Vietnam’s leading maritime transporter and build a prestigious global brand. The Company’s roadmap includes a compound annual growth rate target of 8% and a 10% dividend rate.
To realize this vision, PVTrans is committed to fostering sustainable development that ensures agility, flexibility, and responsiveness to unpredictability. The company continues 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 profit CAGR of 15%. In 2023, the company achieved stable growth, breaking previous records with consolidated revenue of USD 431 million and consolidated PBT of USD 66 million, exceeding the plan by 49% and 128%, respectively. Following a continuous growth in profit for the 12th consecutive year, 2023 also saw year-on-year growth in consolidated revenue and PBT of 6%.
This success has been further strengthened by the company’s policy to expand its fleet, which now includes 53 vessels boasting a combined capacity of over 1.5 million DWT. This expansion has not only reinforced PVTrans' dominance in the domestic market but has also boosted its international stature, with 90% of its fleet engaged in global operations.
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
Looking ahead, PVTrans aims to reinforce its status as Vietnam’s leading maritime transporter and build a prestigious global brand. The Company’s roadmap includes a compound annual growth rate target of 8% and a 10% dividend rate.
To realize this vision, PVTrans is committed to fostering sustainable development that ensures agility, flexibility, and responsiveness to unpredictability. The company continues 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.