In 2021, Phuong Dong Viet Transportation Oil Joint Stock Company (PVTrans Oil) has appeared in the Top 500 of Fastest-Growing Companies in Vietnam for the first time
Vietnam Report cooperated with VietNamNet Newspaper to announce FAST500 Ranking recently – Top 500 of Fastest-Growing Companies 2021 in Vietnam, and PVTrans Oil has appeared in the list the first time. FAST500 honors the companies that are sustainable development and contribute to general prosperity.
FAST500 is based on the Vietnam Report’s results of independent research and evaluation. Companies in FAST500 are sorted according to the Compounded Annual Growth rate (CAGR) of their revenue and business efficiency. Moreover, criteria such as total assets, employees, profit after tax and company’s reputation, etc., are supplements to determine the company’s scale and position in their field.
The 2020th year was challenging for the world in general and PVTrans Oil in particular because of Covid-19 pandemic, many domestic and foreign shipping companies had to go bankrupt, reduced production and laid off employees, they could not pay salary for their employees or arrange crew change, etc. As a result of the compatible solutions, efforts, determination, solidarity, and creative ways of more than 250 employees and crews; PVTrans Oil has preserved the stable employment and salary for its employees, also arranged ships that would return to Vietnam in order to change crews, taken care of their children during the International Children’s Day (June 1st), Mid-Autumn Festival (August 15th), Lunar New Year, etc. and especially PVTrans Oil has continued to exceed its profit target.
When the shipping market has faced many problems, PVTrans Oil preserved its growth and contributed a part of foreign currency revenue to the State, this was the effort of more than 250 employees and crews from PVTrans Oil.
As a result of Vietnam Report’s objective evaluation which is also a significant thing for all employees and crews who are working in PVTrans Oil on its 14th birthday dated April 20, 2021.