Viconship leaders join board of directors at Vietnam’s largest container fleet operator Hai An

Hai An Transport and Stevedoring JSC's board of directors for the 2023-2028 term on Thursday received two new members - chairman Nguyen Xuan Dung and CEO Ta Cong Thong of Viconship, a leading seaport operator and service provider in Vietnam.

The appointments were approved by Hai An (HoSE: HAH), Vietnam’s largest container fleet operator, at its 2025 AGM.

The meeting was attended by 33 shareholders and authorized representatives, representing 85.8% of the total voting shares, significantly higher than the 57% attendance at the 2024 AGM.

According to chairman Vu Thanh Hai, at the end of May 2025, the Viconship group was a major shareholder of Hai An, holding a 15.307% stake.

This includes 16.4 million shares (12.66%) held directly by Viconship, 1.44 million shares (1.11%) by Green Logistics Center Co., Ltd., and 1.99 million shares (1.534%) by Green Port Services Co., Ltd.

Meanwhile, another major shareholder, Leadvisors Capital Management, owns 13.8 million shares, or 11.38% of Hai An’s charter capital.

In response to some shareholders’ questions about the cooperation between Viconship and Hai An, chairman Hai emphasized that this collaboration is intended to leverage each company’s strengths.

He said that Viconship, a major shareholder, operates nearly 2 km of wharf length, while Hai An only has one port with a 150 m wharf. In the near future, Hai An will open several international routes, including those to India and South China and expand foreign operations with Korean partners, welcoming 9-10 vessels per week.

Hai noted that Viconship and Hai An share some common clients, but the two sides have agreed to coordinate on pricing to ensure mutual benefits. He affirmed the collaboration aims to align the interests of vessel operators and the largest port operator in the northern port city of Hai Phong.

Sharing his perspective at the AGM, Viconship CEO Ta Cong Thong said that the cooperation between two leading regional enterprises with complementary strengths can create greater synergy and added value, ultimately enhancing profitability for both.

Shareholders expressed hope that the partnership would strengthen the maritime transport sector, thus reducing logistics costs and supporting economic growth.

At the meeting, Hai An’s shareholders approved a throughput target of 1.46 million TEUs in 2025, up 9% from 2024. This includes 689,000 TEUs from shipping operations, 588,000 TEUs from port services, and 178,000 TEUs from depot services.

The company aims for total revenue of VND4.56 trillion ($174.6 million) and post-tax consolidated profit of VND865 billion ($33.12 million) in 2025, up 13% and 33% respectively over the 2024 results.

It also plans to order four new container vessels with capacities ranging from 3,000 to 4,500 TEUs and may purchase 2-3 suitable used vessels if opportunities arise.

Additionally, Hai An will study having larger vessels (7,000-9,000 TEUs) developed. In terms of port and logistics infrastructure, Hai An will sell old forklifts and invest in 1-2 new 45-ton Kalmar reach stackers.

Regarding profit distribution, the company plans to pay a 40% dividend for 2024, including 10% in cash and 30% in shares, with approximately 39 million new shares expected to be issued.

In the first six months of 2025, Hai An’s estimated total throughput reached 724,000 TEUs, comprising 300,000 TEUs from port operations, 333,000 TEUs from container transport, and 90,000 TEUs from depot services.

Total revenue is projected at VND2.51 trillion ($96.1 million), with total expenses of VND1.72 trillion. The parent company’s consolidated after-tax profit is estimated at VND550 billion ($21 million).

On the HoSE, Hai An's HAH shares closed Thursday at VND67,100 ($2.57) apiece.