VINHPHUOC CO.,LTD

VINHPHUOC CO., LTD (CÔNG TY TRÁCH NHIỆM HỮU HẠN VĨNH PHƯỚC) is a long-established private enterprise operating in Vietnam’s maritime transport and logistics sector. Founded on 04 December 2000, VINHPHUOC CO., LTD has more than 25 years of operating history, with core activities centered on sea and coastal freight water transport, supporting Vietnam’s northern port and bulk cargo logistics network.

Legal Status and Corporate Profile

VINHPHUOC CO., LTD is registered under Business ID and Tax Identification Number 0200410331 with the Hai Phong City Department of Planning and Investment. The company’s head office is located at No. 3 Le Thanh Tong Street, May To Ward, Ngo Quyen District, Hai Phong City, Vietnam. It operates as an active limited liability company with private ownership.

The company has a fully paid charter capital of approximately USD 4.52 million. It maintains a compact organizational structure with around 20 employees, consistent with asset-intensive shipping and transport operations rather than labor-intensive manufacturing.

Core Operations and Business Scope

The principal activity of VINHPHUOC CO., LTD is sea and coastal freight water transport. The company provides shipping and logistics services primarily for bulk commodities and construction materials, including cement and clinker products. Its operations are closely linked to Hai Phong Port and northern coastal shipping routes.

In addition to its core transport services, the company holds a wide range of registered business activities covering inland water transport, road freight transport, logistics support services, wholesale of construction materials and fuels, machinery installation, cement manufacturing, and related industrial services. While many of these activities appear supplementary, they provide legal flexibility to support integrated logistics and trading operations.

Management and Ownership Structure

The company is chaired by Mr. NGUYEN K. P., who is also the majority shareholder. The Director manages day-to-day operations. Ownership is highly concentrated, with the Chairman holding over 63% of equity and the Director holding more than 36%, indicating strong family or closely aligned management control. A minor shareholder holds a negligible stake.

This ownership structure enables centralized decision-making and operational continuity but also implies reliance on a small leadership group.

Financial Performance and Trends

Financially, VINHPHUOC CO., LTD experienced a contraction in scale during the most recent period. Total assets declined, reflecting asset optimization or reduced fleet utilization. Sales revenue also fell significantly, indicating lower transport volumes or weaker demand from construction and bulk cargo markets.

Despite the decline in revenue, profitability recovered strongly. After a loss the previous year, the company returned to positive net profit, suggesting improved cost control, operational efficiency, or better asset utilization. Owner’s equity increased modestly, and working capital improved substantially, strengthening short-term liquidity and operational resilience.

Overall, the financial profile reflects a cyclical transport business adjusting to market conditions while maintaining balance-sheet stability.

Business Outlook and Risk Considerations

Operating in maritime and coastal freight transport exposes VINHPHUOC CO., LTD to demand cycles in construction and infrastructure, fuel price volatility, vessel utilization risk, and regulatory requirements related to maritime safety and environmental standards. However, the company’s long operating history, strategic location in Hai Phong, and improved liquidity provide important stabilizing factors.

For banks, insurers, suppliers, and chartering partners, attention should focus on revenue sustainability, asset utilization, and cash-flow stability. A comprehensive and up-to-date company report remains essential for evaluating credit exposure, ownership structure, and operational risk.