At the Asia Pacific Enterprise Awards (APEA) 2023 held on October 5, 2023, PetroVietnam Transportation Corporation (PVTrans) continued to be named in the “Corporate Excellence Award” category. At the same time, Mr. Pham Viet Anh, Chairman of the Board of Directors of the Corporation, was also awarded the “Master Entrepreneur Award”.
This is a proud mark for PVTrans when it was honored for the fourth time in two prestigious categories for typical businesses and entrepreneurs. The award is a testament to PVTrans’s persistent efforts and Mr. Pham Viet Anh’s personal mark in maintaining sustainable growth and meaningful contributions to the community.
Throughout its 21-year development journey, PVTrans has always maintained its position as the number 1 shipping company in Vietnam, promoting professionalism, stability and strong resources to overcome challenges as well as seize market opportunities, maintaining continuous growth momentum over the past decade.
In 2022, although the shipping market continued to fluctuate due to the impact of political conflicts and crude oil price fluctuations, with the right development orientation and flexible business strategy, PVTrans achieved outstanding business growth results, breaking previous records with Total consolidated revenue reaching VND 9,577 billion, up 24% and Consolidated pre-tax profit reaching VND 1,457 billion, up 40% over the same period, far exceeding the set plan by 47% and 143% respectively.
In 2023, in the context of a difficult and challenging market, PVTrans has proposed many flexible solutions to prioritize upgrading and rejuvenating the fleet, demonstrated by the continuous reception of a series of new ships in recent times, increasing the total number of owned and operated ships to 49 with a total tonnage of about 1.3 million DWT, diverse in types from crude oil tankers, oil/chemical tankers, LPG tankers, bulk carriers to FSO tankers. The results of the first 8 months of 2023 continued to record positive growth with Total Revenue and Consolidated Pre-tax Profit reaching VND 5,998 billion and VND 899 billion, respectively, up 2% and 17% over the same period last year.
In addition to sustainable business development, PVTrans always promotes and demonstrates social responsibility towards employees and the community through creating stable jobs and having policies on employee benefits and welfare; focusing on safety work, minimizing environmental impacts; participating in a series of programs with profound human values, creating a widespread influence to contribute to ensuring social security, joining hands for a sustainable future.
APEA 2023 has come to an end, but the echoes of the achievements have “lit the fire” for PVTrans to continue promoting the right and flexible development strategy, be ready to respond to fluctuations, successfully complete the 2023 plan tasks and firmly step on the path to conquer new heights in the future.
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