VIET THUAN TRANSPORT COMPANY LIMITED

VIET THUAN TRANSPORT COMPANY LIMITED (CÔNG TY TNHH VẬN TẢI VIỆT THUẬN), tax code 5700562451, is a key player in Vietnam’s inland waterway transport industry, with nearly two decades of operation in freight logistics, coal transport, ship chartering, and warehousing. Headquartered at No. 412, Quang Trung Street, Quang Trung Ward, Uong Bi City, Quang Ninh Province, the company has expanded its footprint with operational offices in Hanoi and Ho Chi Minh City, supporting a logistics network that spans the length of the country.

Established in 2005, VIET THUAN TRANSPORT CO., LTD is a privately held limited liability company majority-owned by its Director Mr. Trinh Trung Uy, who controls 80% of shares, with the remaining 20% held by Ms. Nguyen Thi Nga. With a charter capital of over USD 51 million and a workforce of 1,000 employees, the company has built a large-scale fleet and infrastructure base to serve Vietnam’s energy and industrial sectors, particularly in bulk cargo and coal transport.

In 2023, the company reported USD 256 million in assets, representing a year-over-year growth of 26.1%. Revenue also climbed to USD 154.94 million, up 30.7%, suggesting robust demand for water-based logistics services. However, net profit dropped sharply by 78.6%, falling to just USD 4.64 million, a notable drop from over USD 21 million in the prior year. The profit decline, despite strong revenue, indicates pressure on margins—likely due to rising fuel costs, capital expenses, or rate competition in the freight market.

Equity also declined by 7.3% in 2023, to USD 45.45 million, marking a reversal from previous years of steady growth. While working capital rose sharply to USD 25.33 million, the earnings contraction raises important considerations for risk management, particularly among clients or partners reliant on steady cash flows from logistics operators.

The company’s registered business activities go beyond transportation. It includes coal mining, warehousing, port services, hospitality, fuel trading, and even restaurant services, a diversification approach often seen in Vietnamese private enterprises. For those engaged in business verification or seeking reliable access to Vietnam private financial data, VIET THUAN TRANSPORT COMPANY LIMITED stands out as a well-established but financially volatile firm.

Despite the 2023 profit dip, the company retains a strong asset base and strategic importance in Vietnam’s bulk commodity logistics chain. Its inland and coastal fleet supports coal distribution across northern and central Vietnam—an essential service as the country continues to rely on fossil fuel inputs during its gradual energy transition.

Looking ahead, VIET THUAN TRANSPORT COMPANY LIMITED will need to balance fleet expansion and investment with tighter cost controls. Its ability to maintain earnings resilience amid commodity volatility and infrastructure demands will determine how it evolves within Vietnam’s competitive freight transport sector. For stakeholders seeking data-backed insights and risk-adjusted evaluations, the company presents both logistical strength and a need for ongoing financial scrutiny.