- Business
- Vinacomin Waterway Transport Joint Stock Company is a Vietnam-based marine logistics and transportation enterprise primarily engaged in dry bulk waterway shipping, vessel repair, and industrial equipment trading. The company offers a comprehensive range of maritime and logistical solutions, comprising: inland waterway, coastal, and sea freight transportation services specializing in the bulk haulage of coal, mineral ores, building materials, clinker, iron, steel, and industrial commodities; ship repair, vessel maintenance, and mechanical engineering services for cargo vessels, tugboats, and transport barges; shipping agency, freight forwarding, and vessel chartering services; trading and distribution of coal and industrial raw materials; and the procurement and supply of marine equipment, vessel propulsion systems, ship power machinery, and specialized spare parts. Headquartered in Ha Long City, Quang Ninh Province, Vietnam, and founded in 2007, the company operates across Vietnam's northern and central river networks, coastal shipping routes, and domestic seaports, serving key energy, mining, and manufacturing entities such as Vietnam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin), Vietnam Electricity (EVN), and PetroVietnam. The company operates a transport fleet comprising dry bulk carriers, barges, and tug units with an aggregate operating capacity exceeding 61,000 deadweight tonnage (DWT). Vinacomin Waterway Transport Joint Stock Company is majority-owned by Viet Thuan Transport Company Limited, which holds an equity stake of over 82 percent. In recent major operational developments, the company has advanced fleet modernization and capacity expansion programs by approving procurement contracts for marine propulsion machinery, power equipment, and additional bulk transport barges to meet increasing freight demand from thermal power plants and industrial consumers. In 2025, the company completed an executive leadership transition with the appointment of Nguyen Thanh Cong as Director. Additionally, the company formalized multi-year bulk transportation and vessel charter contracts with parent company Viet Thuan Group to strengthen integrated energy logistics operations across regional supply chains.