BRANCH OF PETROLIMEX KHANHHOA CO., LTD IN PHU YEN

BRANCH OF PETROLIMEX KHANHHOA CO., LTD IN PHU YEN (CHI NHÁNH XĂNG DẦU PHÚ YÊN – CÔNG TY XĂNG DẦU PHÚ KHÁNH) is a long-established branch operation within Vietnam’s petroleum distribution system. Established on 04 January 1994, the branch has operated continuously for more than 32 years, serving as a key fuel wholesale unit in Phu Yen Province.

Legal Status and Branch Profile

BRANCH OF PETROLIMEX KHANHHOA CO., LTD IN PHU YEN operates as a registered branch under Business ID and Tax Identification Number 4200240380-027, licensed by the Phu Yen Department of Planning and Investment. The branch’s registered address is at No. 138C Le Loi, Ward 4, Tuy Hoa City, Phu Yen Province, Vietnam.

As a branch entity, it does not maintain independent owner’s equity in the same manner as a standalone company. Paid-up capital was recorded at approximately USD 0.77 million as of the latest disclosed period. The branch remains in active operational status and functions under centralized management and financial oversight.

Core Operations and Business Scope

The principal activity of BRANCH OF PETROLIMEX KHANHHOA CO., LTD IN PHU YEN is the wholesale trading of solid, liquid, and gaseous fuels and related petroleum products. The branch serves as a regional distribution hub, supplying fuel to commercial customers, distributors, and industrial users across Phu Yen Province.

Its registered business scope is narrowly focused on fuel wholesale activities, reflecting its role as a specialized operational arm within a larger petroleum enterprise rather than a diversified trading entity.

Management and Organizational Structure

The branch is managed by its Owner/Head, Mr. LE B. S., who is responsible for day-to-day operations and compliance with regulatory and corporate requirements. At a branch, strategic decisions, capital allocation, and risk management are typically coordinated at the parent company level to ensure consistency with broader corporate policies.

Financial Performance and Trends

Financially, BRANCH OF PETROLIMEX KHANHHOA CO., LTD IN PHU YEN demonstrates stable asset levels with limited fluctuation over recent periods. Sales revenue recovered modestly in the most recent year after a prior decline, indicating a stabilization of fuel demand in the local market.

Profitability improved significantly, with net profit increasing strongly year-on-year. However, the branch operates with negative working capital and negative net worth. This structure is not uncommon for branch operations where liabilities and funding are centrally managed rather than capitalized locally. This structure underscores reliance on internal funding mechanisms rather than standalone balance-sheet strength.

Overall, the financial profile reflects a high-volume, low-margin fuel distribution operation, where performance is closely tied to regulated pricing, volume throughput, and parent-company support.

Business Outlook and Risk Considerations

Operating in the petroleum sector exposes BRANCH OF PETROLIMEX KHANHHOA CO., LTD IN PHU YEN to fuel price regulation, demand volatility, inventory risk, and policy changes. Nonetheless, its long operating history and integration within a broader petroleum distribution network provide operational stability and supply assurance.

For banks, insurers, suppliers, and counterparties, assessment of this branch should be conducted in conjunction with the financial strength and governance of the parent enterprise rather than on a standalone basis. An updated company and group-level report remains essential for evaluating credit exposure, operational continuity, and systemic risk.