Doubling Profits: The Largest Port Enterprise in Hai Phong Invests Over 500 Billion in Millions of Eximbank, Gelex, and Fecon Shares…

Vietnam Container Shipping Joint Stock Company (Viconship – stock code: VSC) reported a net revenue of 2.788 trillion VND for 2024, up 28% year-on-year, with a post-tax profit of 434.5 billion VND, an increase of 118%. The profit surge is attributed to increased revenue, resulting in a 29% rise in gross profit and a financial revenue increase of 232 billion VND. By December 31, 2024, Viconship’s total assets reached 7.795 trillion VND, a 50% increase since the start of the year. The company invested 547 billion VND in securities, notably over 232 billion VND in Eximbank (EIB) and nearly 148 billion VND in Gelex (GEX) shares. Viconship is currently the largest port operator in Hai Phong, holding 30% of the market share. Financial forecasts for 2025 indicate potential impacts from bank loans for the acquisition of Nam Hai Dinh Vu Port.

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