HANOI TRANSPORT CORPORATION LTD

HANOI TRANSPORT CORPORATION LTD (TRANSERCO), established on June 9, 2004, plays a central role in the capital city’s transportation network. Operating under Business ID: 0101148154, the company is headquartered at No. 5 Le Thanh Tong Street, Phan Chu Trinh Ward, Hoan Kiem District, Ha Noi City. With over 10,000 employees, TRANSERCO is a one-member limited liability company wholly owned by the Hanoi People’s Committee, and it operates as the city’s official public transportation provider through its well-known Hanoibus system.

Comprehensive Service Portfolio

Beyond its primary function of urban passenger transport by bus, HANOI TRANSPORT CORPORATION also provides city tour bus services, parking operations, and vehicle maintenance, while managing related logistics, tourism, and industrial manufacturing subsidiaries. The company has several branch offices and facilities across Hanoi, including bus stations, maintenance centers, and transport hubs, reinforcing its role as the core mobility service provider for millions of Hanoi residents.

Financial Stability with Improved Profitability

In 2023, TRANSERCO demonstrated solid financial performance despite a slight slowdown in post-pandemic travel demand. The company recorded total assets of USD 121.94 million, representing a 6.14% decline from 2022, while owner’s equity rose by 3.45%, reaching USD 63.99 million. Revenue totaled USD 107.09 million, down 6.05%, yet net profit increased significantly by 23.71% to USD 1.02 million—marking a notable recovery from previous years. The company’s working capital of USD 19.66 million indicates healthy liquidity and stable operational management.

Leadership and Long-Term Vision

Under the direction of Chairman Nguyen H. T. and General Director Nguyen T. N., HANOI TRANSPORT CORPORATION continues to implement modernization initiatives, including expanding electric bus routes, upgrading ticketing systems, and developing smart transport infrastructure. These efforts align with Hanoi’s broader green and sustainable urban mobility strategy, contributing to reduced emissions and improved public transit accessibility.

A Strategic Asset of the City

As a state-owned enterprise, TRANSERCO ensures essential public transportation services and drives innovation and environmental progress in Hanoi’s mobility ecosystem. Its continued investment in fleet modernization, digital management systems, and passenger experience demonstrates a strong commitment to public welfare and sustainable growth.

HANOI TRANSPORT CORPORATION LTD is a key contributor to the capital’s development and a benchmark for Vietnam’s urban transport sector. With rising profitability and strong government backing, the company remains well-positioned to lead Hanoi’s transition toward a brighter, cleaner, and more connected transportation future.

For those seeking detailed insights and verified financial data, VNBIS provides comprehensive Company Reports and Credit Analyses on HANOI TRANSPORT CORPORATION and other major enterprises in Vietnam, empowering clients to evaluate business stability and minimize operational risks.