Petrovietnam Marine Shipyard Joint Stock Co
UUPCOM:PVY1,600.00
VND
-200.00
(-11.11%)
Petrovietnam Marine Shipyard Joint Stock Co
UPCOM:PVY
(Unlisted Public Company Market)
Recent
price
1,600.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Petrovietnam Marine Shipyard Joint Stock Company is a Vietnam-based marine engineering, procurement, construction, and shipyard services contractor that specializes in offshore energy infrastructure, vessel construction, and heavy industrial steel fabrication. Founded in 2007 and headquartered in Vung Tau City, Vietnam, the company operates as a specialized marine construction and fabrication affiliate within the Vietnam Oil and Gas Group (PetroVietnam) and PetroVietnam Technical Services Corporation (PTSC) network. The company structures its core activities across offshore construction, vessel repair and conversion, and specialized technical engineering services. Its primary product and service portfolio includes the engineering, procurement, construction, installation, and commissioning (EPCI) of offshore jack-up drilling rigs, wellhead platforms, topside modules, living quarters, and jacket substructures; the repair, conversion, life-extension refurbishment, and dry-docking maintenance of floating production storage and offloading (FPSO) units, floating storage and offloading (FSO) vessels, mobile offshore drilling units (MODUs), drillships, and specialized offshore support vessels (OSVs); the manufacturing and fabrication of heavy industrial structural steel, pressure vessels, modular skids, high-pressure piping systems, and subsea pipeline components; and offshore support solutions encompassing load-out and sea-fastening engineering, mooring system installation, non-destructive testing (NDT), dimensional control, and offshore hook-up and commissioning. The company operates primarily from its deep-water fabrication yard and marine base located in the Dong Xuyen Industrial Zone in Vung Tau, serving domestic offshore oil and gas field operators in Vietnamese waters as well as international upstream energy companies, maritime operators, and engineering contractors across the Asia-Pacific region. In recent developments, Petrovietnam Marine Shipyard Joint Stock Company has implemented a major strategic expansion into the offshore renewable energy market, pivoting technical and yard capacities toward the fabrication of offshore wind turbine foundations, transition pieces, suction bucket jackets, and offshore substation structures for international and regional green energy projects. Additionally, the company has undertaken internal operational restructuring and yard infrastructure modernization to strengthen synergies with parent entity PTSC, enhance automated fabrication and heavy-lifting capacities, and participate in key domestic energy development projects, including major offshore fabrication packages for the Block B - O Mon gas-to-power project chain.