PVTrans, the Vietnam Petroleum Transportation Joint Stock Company (PVTrans, ticker: PVT), said on July 1, 2026 that it had received the resignation letter from Mr. Tran Ngoc Nguyen, a member of the Board of Directors and the company's Chief Executive Officer. He was appointed to the board and as CEO on April 21, 2026.
The resignation letter from the Chief Executive Officer and a member of the Board of Directors was announced by PVTrans.
Mr. Tran Ngoc Nguyen, born in 1977, has held multiple positions in oil and gas and fertilizer companies. He previously served as General Director of Bình Sơn Refinery Joint Stock Company (BSR) in 2018. He is currently the Chairman of the Board of the Camau Petrochemical Fertilizer Company (DCM).
2026 business plan: PVTrans targets consolidated revenue of 16,500 billion dong and after-tax profit of 1,200 billion dong, aiming to mark the fifth consecutive year of profits at the trillion-dong level.
Q1 2026 results (consolidated): net revenue of 4,177 billion dong and after-tax profit of more than 387 billion dong, up 50% and 40% respectively from the same period last year. The company attributed the higher after-tax profit to additional profit from ships newly invested in 2025 and increased fleet utilization efficiency.
Share price: PVTrans stock stood at 20,200 dong per share as of July 1.
The article provides limited details on the impact of the leadership change beyond the resignation itself and the stated 2026 financial targets and first-quarter results.
No expert commentary was included in the source article.
