Report of Board of Directors in 2019
Consistent with the chosen goal. Flexibility in selecting solution. The results and goals are the most important. The company, its customers, and its partners must together achieve their own benefit.
To become one of leading prestige companies in crude oil and oil product transportation in Vietnam and Asia-Pacific Region.
Firm Belief. Always have a firm belief on chosen goals and focus all resources to achieve the goals
Incessantly strive for providing services with high quality and reasonable prices. Implement satisfied remuneration policy in both metal and physical ways in order to motivate employees to create more added value for customers, shareholders and society.
From April 2018, Pacific has officially provided crude oil transportation services by VLCC vessels from Kuwait to Nghi Son Refinery (NSRP), marking the company's new development period in the field of crude oil transportation.
Along with the transformation of business model, expansion of business activites is the improvement of the organizational structure in a professional manner with Management Board and four specialized functional divisions include: Operation and Chartering, Ship Management and FSO, Accounting and Planning, and HR.
In December 2016, implementing the Resolution of the Shareholders' Annual Meeting in 2016, the Company successfully registered and officially traded PVP shares on the UPCOM stock exchange.
In 2013, Pacific has registered its stock and was granted a share code of PVP at the Vietnam Securities Depository Center in accordance with Certificate No. 26/2013/GCNCP-VSD dated October 17, 2013.
Changed the certificate of enterprise registration for the third time with new registration business code of 0305475110 and charter capital of VND 942,750,280,000.
In 2010, PVTrans Pacific was recognized as a public company in the Official Letter No. 1411/UBCK-QLPH of the State Securities Commission on registration of public companies.
The company officially came into operation in accordance with Business Registration Certificate No. 4103009251 issued by Department of Planning and Investment of Ho Chi Minh City for the first time on January 28, 2008, with initial charter capital of 1.200 billion.
Pacific Petroleum Transportation Joint Stock Company (Pacific) was established pursuant to Resolution No. 4195/NQ-DKVN dated 14 December 2007 of PetroVietnam.
PVP's Financial Statements for the fourth quarter of 2019