AsemconnectVietnam - Before the move to HOSE on November 19, PVT Logistics (code PDV - HOSE) marked its mark with a long-term investment strategy in petroleum/chemical and bulk cargo transportation - the core business of the enterprise, along with a plan to expand its fleet, invest in port warehouses and aim for sustainable growth.

Investing heavily in chemical fleet - Aiming for international standards
On the afternoon of November 12, PVT Logistics held a meeting with investors before the move to HOSE on November 19 with a reference price of VND12,450/share.
PVT Logistics currently owns and operates 10 ships, including 5 oil/chemical ships and 5 bulk carriers. In particular, oil/chemical transportation is identified as a pillar throughout the development strategy, in addition to the bulk transportation segment that continues to be maintained and expanded when the market has good opportunities.
In the period of 2026 + 2030, the company plans to invest in 6 new ships and implement a port warehouse project with a total capital of 155 million USD, focusing on oil/chemical ships of 20,000 - 35,000 DWT, and at the same time lease and purchase 3 ships. At the same time, PVT Logistics will sell two 13,000-ton oil/chemical ships to restructure the fleet, shifting investment to oil/chemical ships of larger sizes of 20,000 - 35,000 DWT to expand exploitation routes as far as the US - Asia to serve the needs of the chemical market.
The enterprise also advocates rejuvenating the fleet (under 10 years old) to meet international emission regulations and improve operational efficiency. In addition to direct investment, PVT Logistics will add more ships through lease-purchase, helping to increase the size of the fleet.
Another key project is the chemical/petroleum and general cargo port warehouse with a total investment capital of about USD65 million, deployed at the end of 2026 and operating from 2028. This project helps the enterprise complete the closed logistics chain - from transportation to storage and distribution, creating a solid foundation for a new growth phase.
According to the plan, when the fleet and port warehouse are completed, the company's total assets can triple, from more than VND2,000 billion at present to about VND6,600 billion by 2030. The target profit is VND250 - 300 billion, marking a leap in both scale and operational efficiency.
Mr. Ho Si Thuan, Chairman of PVT Logistics' Board of Directors, shared: "Investing in ships requires careful timing, ideally investing when the freight rate cycle starts to increase and ship prices are still low. Currently, we are considering carefully because freight rates have decreased but ship prices have not decreased much."
Profit growth, expanding liquidity when listed on HOSE
Mr. Le Truc Lam, Director of the Company, shared that the revenue for the whole year of 2025 is expected to reach about VND1,900 billion, exceeding the initial target of VND1,850 billion, the profit for the whole year will complete the plan of VND110 billion. In 2026, the company expects to grow by at least 10%, and has fixed a 6-month - 1-year fixed-term charter contract (TC) to anticipate favorable freight rate trends.
In terms of the market, global demand for oil/chemical transportation by 2030 is forecast to grow by an average of 3%/year. In the bulk cargo segment, the 2026 market is assessed to be balanced, with ship supply increasing by 3.1% and transportation demand increasing by 2.1%, while the speed limit of ships according to emission regulations will contribute to stabilizing supply and demand.
Along with an active business plan, moving to HOSE is a strategic step to increase liquidity and expand capital scale. The company's current charter capital is VND660 billion, and will increase to nearly VND800 billion after the expected 20% stock dividend in December.
Regarding stock liquidity, "Moving to HOSE and increasing capital will expand liquidity, creating opportunities to attract new investors," Mr. Ho Si Thuan emphasized.
With a strategy focusing on petroleum/chemical transportation, rejuvenating the fleet and investing in large-scale port warehouses, PVT Logistics is gradually affirming its position in the transportation chain in the international market. Moving to the HOSE floor not only helps increase liquidity but is also a turning point for businesses to accelerate in the new growth cycle.
N.Nga
Source: VITIC/Tinnhanhchungkhoan