Its stock code is QNP, and reference price at listing was VND19,100, which gives it a valuation of VNĐ772 billion (US$31.3 million).

The first day's trading band was +/-20% from the reference price.

The total value of its free float is VNĐ404.1 billion ($16.4 million).

After more than seven years the company has completed the process of listing on the stock market.

Quy Nhon Port, a national integrated port and the regional hub (type 1) of the South Central Sea Port group, is situated in Quy Nhon Bay near the wind-sheltered Phuong Mai Peninsula, making it very convenient for ships to anchor and unload all year round.

Quy Nhon Port can receive ships of up to 30,000DWT and 50,000 DWT ships that are off-loaded

It is a port popular among domestic and international shipping lines for its productivity, quality and quick vessel turnaround time.

According to its consolidated financial statements for the fourth quarter of 2023, the port’s revenues were worth VND938 billion, a 12 per cent decline year-on-year.

But its gross profit margin was 23 per cent, a 30 per cent increase, as profit after tax increased by 154 per cent to VNĐ112.3 billion.

Undistributed after-tax profit at the end of 2023 was worth nearly VNĐ134 billion.

Despite the high volatility in the logistics market in 2023, Quy Nhon Port actively implemented new measures and saw a significant recovery from its modest performance in 2022 thanks to the reduction in outsourcing costs.

According to the VietNam Report, QNP is capable of generating good profits and becoming a pillar of development of the regional and national economies.

Its development strategy envisions the expansion of Quy Nhon Port by 2030 (phase 1) at a total cost of around VND1.567 billion.

The investments will include VND310 billion in machinery and equipment, VND18 billion in information technology and VND1,239 billion in upgrading equipment and ICD.

With its motto of “Efficiency, dedication, innovation, sharing, responsibility,” the company will make great efforts to bring added value and satisfaction to customers and partners by providing professional seaport/logistics services.

Becoming a listed company is not just an important step in its own development journey, but also an important event that signifies the prestige and recognition of Quy Nhon Port in the market.

Moreover, the listing opens new doors for cooperation opportunities, gradually contributing to the socio-economic development of Binh Dinh Province and the region.