Viconship (VSC) Increases Profit Plan to 1,250 Billion, Over 300% Compared to Initial Plan

The Board of Directors of Vietnam Container Shipping Corporation (Viconship, VSC) has adjusted its profit before tax plan for 2025 from 400 billion VND to 1,250 billion VND, an increase of over 300%. After the first 6 months of the year, VSC achieved a profit of 312 billion VND, up 54% year-on-year and completing 78% of the initial plan. The reason for the profit increase is the unexpected revenue from divesting 20% of shares in VIP Green Port Corporation, which brought in 700 billion VND. VSC also invested in Hai An Shipping and Port Services Corporation, holding 15.31% of shares. Recently, Viconship and Hai An established a joint venture, Green Shipping Lines, with VSC contributing 60% of the capital. VSC is reinvesting in logistics and real estate projects in Haiphong to optimize the supply chain. The company is also pushing forward with research on deep-water port investment, facing increasing competition in the area.