- Sector
- Transportation
- Industry
- Other transportation
- Address
- Ho Chi Minh City Vietnam
- IPO Date
- May 17, 2019
- Business
- Phu Huu - Newport Corporation (UPCOM: PNP) is a Vietnam-based company primarily engaged in the provision of marine port operation, cargo handling, and integrated logistics services. Founded in 2009 and headquartered in Thu Duc City, Ho Chi Minh City, Vietnam, the company operates as a key terminal operator and subsidiary within the Saigon Newport Corporation ecosystem. The company manages the Phu Huu Terminal situated along the Dong Nai River, functioning as an essential hub and relief terminal within the southern Vietnamese maritime gateway.
The company operates through three core business segments: Port Operations, Warehousing and Depot Services, and Logistics and Marine Support Services. Its portfolio of offerings includes: container stevedoring, vessel loading, and discharging; bulk, breakbulk, and heavy project cargo handling; container freight station operations; bonded and general commercial warehousing; refrigerated container storage, pre-trip inspection, and monitoring; empty container depot storage, maintenance, and repair; tallying and customs clearance facilitation; inland waterway barging connecting local manufacturing zones to Cai Mep-Thi Vai deep-sea terminals; road haulage and intermodal transport; and vessel towing, mooring, and marine agency assistance. The company caters to international and domestic container shipping lines, non-vessel operating common carriers, freight forwarders, and industrial import-export enterprises throughout the Southern Key Economic Zone and Mekong Delta.
In recent developments, Phu Huu - Newport Corporation has implemented comprehensive operational and infrastructural enhancements to scale capacity and streamline cargo flows. The company has advanced its digital port ecosystem by adopting paperless logistics platforms, including web-based electronic port services, electronic delivery order processing, and automated gate control systems to minimize vessel dwell times and truck turnaround. In response to regional freight demands, the company has expanded its scheduled barge feeder network between Phu Huu Terminal and the Cai Mep-Thi Vai deep-water port cluster, enhancing transshipment connectivity for export-oriented manufacturers. Furthermore, Phu Huu - Newport Corporation has pursued modernization initiatives by upgrading quay and yard handling equipment to electric and energy-efficient machinery under green port standards, increasing terminal yard utilization, and deepening operational synergies with parent entity Saigon Newport Corporation to deliver integrated multimodal supply chain solutions.