Binh Son Refining and Petrochemical Joint Stock Company (BSR) is a key player in Vietnam’s energy sector. It operates the Dung Quat Refinery, the country’s first and largest oil refinery. With total assets of USD 3.56 billion and sales of USD 6.06 billion in 2023, BSR is crucial to Vietnam’s energy security. However, despite its financial strength, the company faces volatility in global oil prices, operational risks, and regulatory challenges.

To mitigate financial risks and ensure corporate stability, Vanguard Business Information LLC offers Risk Management solutions customized for companies like BSR. By leveraging Company Credit Reports and Business Verification Services, investors and suppliers can evaluate BSR’s financial health, ownership structure, and market position before engaging in high-value transactions.

Financial Performance & Challenges

BSR’s owner’s equity grew by 11.87% in 2023, reaching USD 2.35 billion, but its profit dropped by 41.42%, signaling the impact of fluctuating oil prices and market demand. The company's reliance on crude imports exposes it to global economic shifts, making risk assessment crucial for future investment and expansion.

With its 92.13% ownership by Vietnam Oil and Gas Group, BSR has strong government backing. However, for investors and partners, understanding its financial stability through Vanguard Business Information LLC’s Business Verification Service is essential before entering contracts or investments.

The Role of Vanguard Business Information LLC in Securing Transactions

As BSR expands its petroleum trading, refining, and engineering services, businesses partnering with BSR require accurate financial data to manage risks. Vanguard Business Information LLC offers Company Credit Reports that provide insights into BSR’s financial trends, debt levels, and payment history—ensuring transparent and secure business engagements.

Conclusion

BSR remains Vietnam’s dominant oil refining company, but its financial fluctuations demand robust risk management strategies. Companies looking to collaborate with BSR can benefit from Vanguard Business Information LLC’s Business Verification Services, Risk Management, and Company Credit Reports to ensure secure and informed decision-making in the volatile oil industry.