An Giang Port reports Q3 loss, focuses on efficiency amid challenges

An Giang Port Joint-Stock Company’s board of directors met on October 16, 2025, to approve the Q3 2025 operational report and set Q4 directives. Despite challenging global and domestic economic conditions, including trade policy impacts and supply chain disruptions, the company reported a net loss of VND 6,584,438 for the first six months and VND 177,729,472 for Q3 2025. This was against a planned profit, attributed to a significant decline in key cargo volumes like exported rice and containerized goods.

The board approved the six-month and Q3 2025 financial statements but rejected a proposal to liquidate fixed assets. Instead, it mandated a comprehensive inventory by September 30, 2025, to develop a suitable disposal plan. The board also affirmed the appointment of Mr. Nguyen Minh Hai as company secretary and head of corporate governance and directed management to address issues identified in internal audits, emphasizing cost control and operational efficiency. The company aims for Q4 revenue of VND 12.5–13.5 billion and a target cargo throughput of 350,000–400,000 tons.

To mitigate ongoing difficulties, the company will focus on enhancing customer service, expanding market reach for new cargo, and optimizing the utilization of existing port infrastructure and equipment. It also plans to reinforce collaborations with logistics partners and shipping lines, ensuring competitive pricing and efficient cargo handling, especially for containerized rice and other key agricultural and aquatic products.