Vietnam Container Shipping

What Vietnam Container Shipping does

Vietnam Container Shipping Joint Stock Corporation (Viconship, HOSE: VSC) is a Vietnamese public port operator and integrated logistics provider founded in 1985 and headquartered in Hai Phong. The company operates an integrated logistics platform spanning six service lines: Port Terminal Operations (Khai thác cảng), Depot & Inland Container Depot services, Warehousing, Transportation, Logistics, and Shipping Agency. Its infrastructure comprises 3 ports with 7 berths handling 1.3 million TEU annually, 5 warehouses/depots/ICDs, and a network of 15+ subsidiary and affiliated companies operating under the 'Green' brand umbrella.

Viconship generates revenue through transaction-fee based B2B enterprise contracts across port handling, depot storage, warehousing, road and sea transportation, and shipping agency representation. Its customer base consists primarily of international shipping lines (Maersk, Evergreen, Heung-A Line, Yang Ming, KMTC Line, TS Lines, Sinotrans, and others) using its terminals and appointing it as local agent, alongside importers/exporters, logistics companies, and select retail/manufacturing clients (e.g., IKEA for road transport). Geographic operations span Northern Vietnam (Hai Phong hub), Central Vietnam (Da Nang/ICD Hoa Cam), and Southern Vietnam (Ho Chi Minh City, Dong Nai via VHL Logistics JV).

The company is undergoing a strategic transformation under the 'Phoenix' restructuring project (with PwC Vietnam) and digital transformation initiative (with FPT Digital), while expanding into ship ownership via the 60%-owned Hai An Green Shipping Lines (HAGR) joint venture established August 2025 with a 22,000 TEU fleet target by 2028. Recent M&A includes the controlling stake acquisition of Nam Hai Dinh Vu Port (500,000 TEU capacity), and regulatory wins include Hai Phong channel dredging approval for larger vessel access. The platform is supported by an internal E-port digital application for cargo tracking and online booking, though no proprietary AI/ML capabilities are evidenced.

Name

Vietnam Container Shipping

Legal name

Vietnam Container Shipping Joint Stock Corporation (Công ty Cổ phần Container Việt Nam)

Website

https://viconship.com

Company type

Public

Founded year

1985

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Vietnam Container Shipping (Viconship) is Vietnam's largest port and integrated logistics operator in Hai Phong, providing container terminal, depot, warehouse, transportation, logistics, and shipping agency services to global shipping lines and cargo owners across Vietnam.

Ownership category

akta.pro rank

Product category

Port Operations and Integrated Logistics Services

NAICS

Marine Cargo Handling (488320), Port and Harbor Operations (488310), Freight Transportation Arrangement (488510)

SIC

Water Transportation (4400), Arrangement Of Transportation Of Freight & Cargo (4731)

akta.pro primary industry

Deep-Sea Container Terminals (Mainline / Transshipment Hubs) (TLAHAAAA)

akta.pro secondary industries

Stevedoring & Vessel Loading/Discharging (Ship-to-Shore Operations) (TLAHALAA), Port Equipment Operations (Crane Operators, RTG/RMG, Straddle Carrier Operations) (TLAHALAE), Ocean Export Forwarding (Booking/VGM/SI/BL) (TLACABAF)

Keywords

• Port terminal operations
• Container logistics services
• Shipping agency services
• Inland container depot
• Warehousing and transportation

Headquarters

HQ city

Hai Phong

HQ country

Vietnam

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Terminal Operations (Port Exploitation): Container terminal operations including cargo handling, loading/unloading services at 3 ports with 7 berths
2. Depot & ICD Services: Container depot and Inland Container Depot services for storage and container management
3. Warehouse Services: Storage and warehouse services for cargo
4. Transportation: Road transportation services including barge operations
5. Logistics Services: Integrated logistics services across the supply chain
6. Shipping Agency: Shipping agency services representing shipping lines including Maersk, Evergreen, Heung-A Line, Yang Ming, and others

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Vietnam Container Shipping (Viconship) operates an integrated port and logistics platform comprising six core services: Port Terminal Operations (3 ports, 7 berths, 1.3 million TEU/year), Container Depot & Inland Container Depot (5 facilities), Warehousing, Transportation (road and sea), Integrated Logistics, and Shipping Agency representing major global lines such as Maersk, Evergreen, Yang Ming, Heung-A Line, and KMTC. The company also extends into container shipping operations through its Hai An Green Shipping Lines (HAGR) joint venture (60% ownership), targeting a 22,000 TEU fleet by 2028.

Product overview

Vietnam Container Shipping (Viconship) operates a multi-service logistics platform consisting of 6 core services: Port Operations (Khai thác cảng), Depot & ICD, Warehouse (Kho), Transportation (Vận tải), Logistics, and Shipping Agency (Đại lý). The company operates 3 ports (GREENPORT, VIP GREENPORT, Nam Hai Dinh Vu Port) with 7 berths handling 1,300,000 TEU annually, supported by 5 warehouses/depots/ICDs, and 15+ subsidiary and affiliated companies. Recent expansions include the HAGR joint venture shipping company and Nam Hai Dinh Vu Port acquisition, positioning Viconship as Vietnam's largest port and logistics operator in Hai Phong with a complete supply chain ecosystem.

Differentiator

Problem solved

Functional benefit

Brands

• VIP Greenport: Premium green port terminal operations under Công ty Cổ phần Cảng Xanh VIP
• GREENPORT
• VSC Green Logistics
• GREEN ICD
• Hai An Green Shipping Lines (HAGR)
• Green Logistics
• 5 Green Connections

Products and services

• Port Terminal Operations (Khai thác cảng) Container terminal operations managing 3 ports with 7 berths and 1,300,000 TEU annual throughput. Services include cargo handling, vessel berthing, and port management across GREENPORT, VIP GREENPORT, and Nam Hai Dinh Vu Port for international shipping lines and cargo owners.
• Depot & ICD (Container Depot and Inland Container Depot) Container storage, maintenance, and repair services across 5 warehouses, depots, and ICDs including VSC Green ICD for consolidated cargo handling and customs clearance, serving shipping lines and cargo owners in Northern Vietnam.
• Warehouse Services (Kho) Storage and warehouse management services for cargo consolidation and deconsolidation, supporting the logistics chain with strategic positioning near industrial zones in Northern Vietnam.
• Transportation (Vận tải) Land and sea transportation services including road transport and shipping/barge services. Operated through subsidiary GSL (Green Star Lines) for sea transport vessels and connected to road transport operations across Vietnam.
• Logistics End-to-end supply chain management services including freight forwarding, customs brokerage, and integrated logistics solutions across the company's network for importers, exporters, and manufacturers.
• Shipping Agency (Đại lý) Shipping agency services representing major shipping lines including Maersk, Sinotrans, Heung-A Line, Evergreen, Namsung, TS Lines, KMTC Line, Yang Ming, Interasia, Dongjin Shipping, and Pan Continental Shipping for vessel documentation and port services in Vietnam.
• Hai An Green Shipping Lines (HAGR) Container Shipping Container shipping line services operated through the 60%-owned HAGR joint venture, offering intra-Asia and deep-sea routes with a target fleet of 22,000 TEUs by 2028, including 7,100 TEU eco-friendly vessels built by Dalian Shipbuilding Industry.

Quantifiable outcome

• 1.3 million TEU annual loading/unloading capacity
• +2 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Dalian Shipbuilding Industry Co., Ltd.coreStrategic or Co-development Partner · 23 September 2025Shipbuilding partner for HAGR joint venture. Signed goodwill agreement September 23, 2025 for two new container ships with capacity of 7,100 TEU each. Planned delivery dates: June 30, 2028 and September 30, 2028.
• Hai An Green Shipping Lines (HAGR)coreStrategic or Co-development Partner · 19 August 2025Joint venture shipping company established August 19, 2025 with initial charter capital of 1,000 billion VND. Viconship holds 60% ownership while HAH holds 40%. Investment target of 22,000 TEU fleet by 2028 including 3 vessels of 2,500 TEU and 2 newbuild vessels of 7,100 TEU. First vessel GREEN PARK (1,060 TEU) commenced operations April 13, 2026 on Nansha-Ho Chi Minh City route.
• HanExpress VietnamcoreStrategic or Co-development Partner · 25 February 2025Strategic partnership established February 25, 2025 through establishment of VHL Logistics Joint Stock Company. Marks significant milestone in creating values for Vietnamese logistics market and stepping stone for international expansion.
• FPT DigitalcoreTechnology or Integration · 20 June 2023Digital transformation strategy consulting project launched June 20, 2023. Using FPT Digital Kaizen methodology covering 6 areas: Strategy, Customer, Operations, Culture, Technology, and Data. Includes 25 sub-categories with 139 criteria for digital maturity assessment.
• PwC VietnamcoreImplementation/ SI/ Consulting Partner · 15 June 2023Comprehensive company restructuring project called 'Phoenix' launched June 15, 2023. PwC to survey and re-evaluate entire company structure, proposing new model to improve business performance. Goal of making VSC a regional and world-class logistics company.
• Deloitte VietnamminorOthersAuditing services provider contracted for 2025 financial statement audits

Scale indicators10 records

Recent moves8 records

Broad incumbents

• PSA International: One of the world's largest container terminal operators with a global network including Southeast Asian hubs. Serves the same liner customers as Viconship and competes for deep-sea transshipment volumes that could otherwise call at Hai Phong.
• International Container Terminal Services Inc. (ICTSI): Global container terminal operator with terminals across Asia, including Vietnam-adjacent operations. Broad incumbent competing for liner volumes and offering comparable stevedoring, ICD and depot capabilities to Viconship's.
• China Merchants Port Holdings: Major Chinese state-linked container terminal operator with significant presence in Southeast Asia. Broad incumbent with deep-pocketed balance sheet competing for regional transshipment cargo relevant to Viconship.
• Hutchison Ports: Global container terminal operator with deep-water terminals in Vietnam (e.g., at Lach Huyen). Broad incumbent offering overlapping container-handling services to the same shipping-line customers that Viconship serves, but with a much larger global footprint.
• DP World: Global marine terminal operator with growing Southeast Asian footprint. Serves the same international shipping-line customers as Viconship and competes for end-to-end logistics opportunities in Vietnam and the region.
• COSCO Shipping Ports: Global terminal operator with deep-sea container terminals across Asia and Europe. Competes for the same shipping-line alliances as Viconship and offers comparable container-handling infrastructure at scale.

Direct peers

• Hateco Group: Vietnamese port and logistics group operating container terminals (including in Hai Phong area) and inland logistics. Closely comparable regional port operator competing for the same Northern Vietnam shipping-line and cargo-owner base.
• Gemadept Corporation: Vietnamese listed port, logistics and real estate operator with container terminals and ICDs. Comparable to Viconship in providing integrated port-logistics services to shipping lines and importers/exporters within Vietnam.
• Saigon New Port Corporation (SNP): Vietnam's largest container terminal operator, headquartered in Ho Chi Minh City with deep-water terminals at Cat Lai. Directly comparable to Viconship as a domestic port/ICD/logistics operator serving international shipping lines and cargo owners in Vietnam.

Regional players

• Hai Phong Container Terminal (HACT / TCTT): Container terminal operator within Hai Phong port complex directly competing with Viconship's GREENPORT and VIP GREENPORT for the same liner calls and transshipment volumes in Northern Vietnam.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/viconship.corporation
• LinkedInlinkedin.com/company/viconship

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vietnam Container Shipping