PTSC Thanh Hoa and PPL Sign Strategic Partnership
On February 20, 2025, in Thanh Hoa Province, PTSC Thanh Hoa Technical Services JSC and Precious Prestige Trading & Logistics Co., Ltd. (PPL) signed a comprehensive strategic partnership agreement. This collaboration paves the way for extensive cooperation, enhancing both companies’ capabilities and competitiveness in the renewable energy, oil & gas, and heavy industry logistics sectors.
A Groundbreaking Partnership in Technical Services & Logistics
As a subsidiary of PTSC (Petrovietnam Technical Services Corporation), PTSC Thanh Hoa has a strong track record in technical services, having successfully executed major projects such as the Nghi Son Refinery & Petrochemical Complex (NSRP), Long Phu Power Plant, and, most recently, offshore wind farm structures for the CHW2204 project. With a well-established reputation and a strategic vision to develop an energy and technical logistics hub, PTSC Thanh Hoa is emerging as a key player in the global offshore wind supply chain. Additionally, the company is a top choice for fabricating and manufacturing oversized and overweight components in the oil & gas and heavy industry sectors. Given its growth trajectory, PTSC Thanh Hoa requires support from specialized heavy transport service providers to strengthen its market competitiveness.
Meanwhile, PPL is one of Vietnam’s most reputable transport companies in the oversized and overweight cargo logistics sectors, PPL possesses a diverse and modern fleet, ranging from standard transport vehicles to specialized equipment tailored for large-scale projects in energy, oil & gas, and construction. With an extensive network of partners and agents, PPL is a trusted logistics provider for many leading corporations and enterprises, both domestically and internationally.
The partnership between PTSC Thanh Hoa and PPL marks a strategic milestone, enabling both companies to optimize resources, leverage their existing strengths, and enhance their competitive edge in the market.
A Strategic Collaboration for Sustainable Development
The agreement covers various aspects, including infrastructure—warehousing facilities, standardized equipment, and a highly skilled workforce—to support marketing, bidding, execution, and operation of logistics and heavy transport projects at PTSC Thanh Hóa and across Vietnam.
During the signing ceremony, Mr. Phạm Hùng Phương, General Director of PTSC Thanh Hoa, stated: "Understanding each other's outstanding capabilities, I am confident that both parties will work closely together toward mutual success. Right after today’s signing, we will immediately begin implementing our plans to turn our strategic partnership into tangible results."
Mr. Đỗ Hoàng Phương, Chairman cum General Director of PPL, added: "This agreement not only brings short-term benefits but also lays the foundation for long-term growth. With our current expertise, PPL is committed to providing optimized transport solutions, investing in advanced equipment, and closely collaborating with PTSC Thanh Hoa in large-scale technical projects in the future."
This partnership not only strengthens the competitive position of both PTSC Thanh Hoa and PPL in Vietnam but also opens doors to international projects. By leveraging their combined strengths and expertise, this collaboration sets a solid foundation for both companies to expand further in the regional market.
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