Viconship (VSC) increases pre-tax profit plan for 2025 to VND 1,250 billion

The Board of Directors of Vietnam Container Corporation (Viconship, stock code: VSC) has just approved the plan to organize an extraordinary General Meeting of Shareholders, including a proposal to adjust the pre-tax profit plan for 2025.

Specifically, previously, VSC approved a pre-tax profit plan for 2025 of VND 400 billion, but now adjusted it to VND 1,250 billion.

The adjustment to increase VSC's pre-tax profit plan for 2025 was made in the context of VSC recording positive semi-annual business results.

In the first half of 2025, Viconship recorded revenue of VND 1,489 billion, up 14.2% over the same period. Pre-tax profit reached VND 311.9 billion, up 53.7% over the same period.

With a business plan of 2,790 billion VND in revenue and 400 billion VND in pre-tax profit set out earlier, after 6 months, the Company has completed 78% of the annual profit plan.

In addition, the reason for VSC to adjust its profit target to a trillion is the sudden revenue from the sale of 20% of its capital from VIP Green Port JSC (stock code: VGR) - the owner of VIP Green Port. During the period from July 1 to July 23, VSC had 2 sales, each sale of 6.325 million VGR shares, thereby reducing its ownership ratio from 74.35% to 54.35%. It is estimated that VSC earned 700 billion VND from the divestment.

In contrast to the divestment at Vip Green Port, from the end of April to the end of May 2025, Viconship continuously bought shares of Hai An Transport and Stevedoring JSC (stock code: HAH) to increase its ownership to 12.66% of charter capital. Currently, the group of shareholders related to VSC owns 15.31% of Hai An's charter capital.

Recently, on August 15, Viconship and Hai An announced a plan to contribute capital to establish a joint venture, Green Shipping Lines Co., Ltd., headquartered in Hai Phong with a charter capital of VND1,000 billion. Regarding the ownership structure, Viconship will contribute 60% of the charter capital (equivalent to VND600 billion), while Hai An will contribute the remaining 40% (equivalent to VND400 billion).

The main objective of the joint venture is to invest in building new large-sized ocean-going vessels to expand operations on international long-haul routes. In the first phase, the joint venture will invest approximately 180 million USD (nearly 4,700 billion VND) to build a pair of container ships with a capacity of 7,000 TEUs or equivalent. This is an important step to enhance the competitiveness of both enterprises in the international maritime market.