Dong Bac Shipbuldinh Industry Joint Stock Company (Vietnam)

The subject's shares are currently held by individual shareholders; three entity shareholders have already transferred their shares for a long time. It gets involved in shipbuilding and ship repair; loading and coastal freight transportation; fabricating steel structures to supply to industrial factories; and trading coal. Formerly, it also participated in trading petroleum, which had stopped for a time as a revelation from Mr. Nam, a staff of the subject.In the interview, we are shared that the company has recently focused more on loading and coastal freight transport activities, which have brought it the largest revenue. Noticeably, it has just won some bidding packages to provide loading services and transport in late Dec 2021, which are expected to be deployed in 2022. In detail, coal loading package in Quang Ninh Province values VND 33,259,600,000, and the procuring entity is Dong Bac Corporation;  bidding package No. 02: transporting coal by waterway to port warehouse North Van Phong values VND 71,637,500,000, and the procuring entity is Cong Ty Kinh Doanh Than Dong Bac Mien Nam - a branch of Dong Bac Corporation;  and providing waterway transport vehicles values VND 93,100,921,000 in which the subject is the main joint name, and the procuring entity is Dong Bac Transport and Processing of Coal JSC. Revenue from coal trading was the second-largest item in 2021, after the transportation field, Mr. Nam added. In field of shipbuilding, it does orders from domestic customers, and has no overseas orders now.The COVID pandemic outbreak seems to have affected less the subject's business activity as a revelation from Mr. Nam. It continued to obtain impressive revenue growth in 2020 to reach VND 1,267 billion, and revenue of 2021 is supposed to increase as well.