Viet Phat

What Viet Phat does

Viet Phat JSC is a publicly listed Vietnamese company (HOSE: VPG) headquartered in Hai Phong, founded in 2007, with 101–250 employees. The firm's description in the source data is internally inconsistent: the firmographic profile characterizes it as a domestic transportation services company, while the value-proposition and customer-segment data place it within Vietnam's feed manufacturing sector, serving aquaculture and poultry farmers with feed products. The company operates within the broader Vietnamese agricultural-industrial ecosystem, which in 2025 produced approximately 22.12 million tonnes of feed and imported $8.2 billion of feed inputs, with industry-wide cost pressure from rising raw-material, energy, fuel, and logistics expenses affecting all major manufacturers including De Heus, VinaFeed, USFeed, and Cargill.

The company's core offering — whether transportation/logistics services or feed products — is targeted primarily at Vietnamese aquaculture and poultry farming customers, addressing pain points such as rising feed costs (a VND 6,000–8,000 per kg surge since early 2023) and production cost increases. Its joint-stock corporate structure and HOSE listing (VPG) imply a regulated, investor-facing entity, though no specific product portfolio, technology stack, or proprietary systems are documented in the available sources. The corporate website (vietphatjsc.com.vn) currently displays a cPanel default configuration page rather than an active corporate presence, which limits visibility into the company's actual operating model, product mix, and customer relationships.

No pricing model, go-to-market motion, distribution channel details, or revenue mechanics are disclosed in the source data. Reported financials (revenue, gross profit, EBITDA, net income) are highly inconsistent with the company's headcount and industry placement, and the 2025 figures show a sharp deterioration — gross profit, EBITDA, and net income all deeply negative — which is not consistent with a stable small-mid-cap operator. No M&A, funding rounds, partnerships, management team details, or regulatory actions are documented. Overall, Viet Phat appears to be a small, publicly listed Vietnamese operator in the transportation or feed-supply space, but the source material is too thin and internally contradictory to confidently characterize its business model, financial trajectory, or strategic positioning.

Name

Viet Phat

Legal name

Viet Phat JSC

Website

https://vietphatjsc.com.vn

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

101–250 employees

Short description

Viet Phat JSC is a publicly listed Vietnamese company (HOSE: VPG) based in Hai Phong, described inconsistently in source data as a domestic transportation services provider and as a feed supplier serving aquaculture and poultry farmers in Vietnam.

Ownership category

akta.pro rank

Headquarters

HQ city

Hai Phong

HQ country

Vietnam

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain

Core offering

Viet Phat is a for-profit transportation service company specializing in domestic transportation services within Vietnam. Headquartered in Hai Phong—a major port city—the company operates as a Joint Stock Company (JSC) and serves Vietnamese clients needing inland freight and cargo movement. Its core activity is the operation of transportation services for shippers and businesses requiring domestic logistics.

Differentiator

Problem solved

Functional benefit

Products and services

• Domestic Transportation Services

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves3 records

Expansion highlights2 records

Broad incumbents

• Maersk Vietnam: Global container logistics major with significant Vietnamese operations including inland transport and supply-chain services. Overlaps with a domestic transport operator on end customers and Vietnam footprint but operates at a fundamentally different scale and scope.
• DHL Express Vietnam: Global logistics incumbent with substantial domestic Vietnamese operations. Comparable end-market (B2B/industrial shippers) but vastly larger scale and broader service portfolio.

Direct peers

• Sotrans Holdings (STG): Vietnamese transport, distribution, and warehousing company with HOSE listing. Operates overlapping domestic transport and logistics services and serves as a natural small/mid-cap comp for Viet Phat.
• Transimex (TMS): One of Vietnam's largest freight forwarding and 3PL operators, listed on HOSE. Directly comparable to a domestic Vietnamese transport services company in customer base, asset-light model, and end-market exposure.
• CNX Holdings: Vietnamese transport and logistics company operating domestic freight, container haulage, and distribution. Directly comparable regional and operational footprint to Viet Phat.
• Bee Logistics Corporation: Vietnamese 3PL and freight forwarder with domestic trucking, warehousing, and cross-border services. Comparable in service portfolio to a domestic transport services company.
• PITCO: Vietnamese freight forwarding and logistics company offering domestic and international transport services. Comparable in scale, regional focus, and service mix to a Vietnamese domestic transport operator.
• Vinatrans (VNT): HOSE-listed freight forwarder and 3PL with significant domestic Vietnam operations. Closely comparable business model and customer base to a domestic transport services player.
• Gemadept Corporation (GMD): Major Vietnamese port operator and integrated logistics provider. Overlaps with a Hai Phong-based transport operator through port-adjacent logistics and inland distribution.

Regional players

• Cảng Hải Phòng (DHP): Operator of Hai Phong's port system, located in the same city as Viet Phat. Adjacent rather than directly competitive, but serves the same northern Vietnam industrial/cargo ecosystem.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights4 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 Viet Phat