AsemconnectVietnam - On the morning of June 25th, Phuong Dong Viet Transport and Logistics Joint Stock Company (PVT Logistics, ticker PDV - HOSE) held its 2026 Annual General Meeting of Shareholders, approving this year's business plan along with a strategy to continue investing in and modernizing its fleet and expanding into the logistics sector.

Speaking at the meeting, Mr. Le Truc Lam, Member of the Board of Directors and Director of PVT Logistics, stated that in 2026, the company will focus on cautiously expanding its fleet, prioritizing investment in bulk carriers in the short term, while monitoring market developments to select the appropriate time to invest in oil/chemical tankers.
Besides owning vessels, the company is also researching the option of leasing young bareboat vessels to increase transport capacity while ensuring efficient capital utilization.
Alongside its investment activities, PVT Logistics continues to promote digital transformation, expanding the application of fuel-saving technology solutions on its fleet to optimize operational efficiency and control costs.
The company also focuses on developing human resources through its Seafarer Center to proactively secure a high-quality pool of officers and crew members for the next phase of development.
Sharing its long-term direction, Mr. Ho Si Thuan, Chairman of the Board of Directors, stated that PVT Logistics' goal is to gradually shift from a maritime transport enterprise to an integrated logistics and supply chain service provider.
Accordingly, the company will expand into warehousing, seaports, and cargo trading to create a stable cargo supply for its fleet and enhance value in the logistics chain.
In the maritime transport sector, the company continues to pursue a strategy of rejuvenating and modernizing its fleet, prioritizing vessels that meet international standards for fuel efficiency and emission reduction. Furthermore, digital transformation and improved management capacity are identified as the foundation for sustainable growth in the 2026-2030 period.
In 2026, PVT Logistics aims for revenue of VND2,300 billion, a 15% increase compared to the previous year; after-tax profit is expected to reach VND96 billion, a 7% increase; and tax contributions to the state budget will be approximately VND25.5 billion.
In the first six months of 2026, the company's leadership estimates pre-tax profit to reach VND47 billion (exceeding the first six-month plan), leaving VND73 billion in profit to be achieved in the last six months to complete the annual plan. Based on current results, the leadership assesses the pre-tax profit target of VND120 billion in 2026 as feasible.
Previously, in 2025, the company recorded revenue of VND2,006.8 billion, achieving 108% of the plan; after-tax profit reached VND89.57 billion, exceeding the target by 2%, and contributed over VND25 billion to the state budget. One of the outstanding achievements was the successful investment in the bulk carrier PVT Emerald, with a deadweight tonnage of 33,800 DWT, at a cost of USD11.6 million.
According to company leaders, just about a month after completing the transaction, the market value of ships in the same segment increased by approximately USD1.5 million. The addition of PVT Emerald increased the total number of owned and leased bareboats of PVT Logistics to 10, with a total deadweight tonnage of 341,490 DWT. During the year, the company was also honored in the Top 10 innovative and efficient logistics businesses in 2025.
Regarding investment plans, PVT Logistics plans to invest in 4 oil/chemical tankers with a deadweight tonnage of 19,000 - 26,000 DWT or bulk carriers with a deadweight tonnage of 55,000 - 75,000 DWT, with a total investment of approximately US$136.5 million. In addition, the company plans to allocate an additional US$6.5 million to invest in oil and chemical storage and port projects.
However, according to Mr. Le Truc Lam, geopolitical fluctuations in the Middle East have caused significant volatility in the oil and gas, chemical, and shipbuilding markets, while access to loan capital for ship investment remains difficult.
Therefore, in the immediate future, the Company will prioritize the implementation of 2-3 ship projects using existing resources, with the remainder to be considered when market conditions are more favorable.
In parallel with the plan to expand and modernize the fleet, PVT Logistics also plans to transfer ownership of the PVT Neptune vessel at an appropriate time to optimize capital utilization. The capital raised will be allocated to investment projects in younger vessels or the development of oil and chemical storage and port systems.
Regarding the capital increase plan, Mr. Ho Si Thuan stated that the Company is studying a plan to increase its charter capital by approximately VND570 billion to serve future investment projects.
However, the Board of Directors has not yet submitted this to shareholders for approval at this general meeting, as they wish to further monitor market developments and choose an appropriate time to ensure that the mobilized capital is effectively utilized immediately after completion.
If conditions are favorable, the Company may implement its capital increase plan in Q4/2026 and seek shareholder approval in writing. The raised capital is expected to be used for investment projects in bulk carriers, high-end oil/chemical tankers, as well as port and warehouse projects within the logistics development strategy.
“The delay in implementation aims to ensure efficient use of capital, as the shareholders' contributed capital needs to be put into operation.”
Source: VITIC/Bao Tai chinh – Dau tu