CHEVRON LUBRICANTS VIETNAM LIMITED

Chevron Lubricants Vietnam Limited is a foreign direct investment enterprise specializing in the production and distribution of industrial and automotive lubricants. Established in 2008 and headquartered in the strategic Dinh Vu Industrial Park of Hai Phong, the company supports national demand through a network that includes facilities and offices in Ha Noi and Ho Chi Minh City. With a workforce of 100 employees, the company operates within Vietnam’s essential refined petroleum value chain.

Chevron’s operations in Vietnam focus on blending and distributing lubricants under the Caltex brand. A noteworthy feature of the company is its integration into Chevron’s regional supply chain through Chevron Singapore, which owns 100 percent of the equity, giving the Vietnamese entity direct access to global technology, product standards, and logistics networks.

Leadership and Shareholders

The company is headed by Mr. Santisak Thaipat, General Director, who oversees production, distribution, regulatory compliance, and the implementation of Chevron’s global operating standards within Vietnam.

Chevron Lubricants Vietnam is wholly owned by Chevron Singapore Pte. Ltd, which holds 100 percent of the equity. This ownership structure ensures centralized governance, unified product strategy, and access to Chevron’s regional R&D and supply chain capabilities.

Financial Growth and Market Risks

In 2023, Chevron Lubricants Vietnam recorded revenue of USD 77.18 million, supported by stable demand in the industrial and automotive sectors. Although the company remained profitable, the year was marked by declines in assets, equity, and working capital as a result of reduced sales growth and pressure from higher input and operational costs.

The company operates in a sector sensitive to global oil price movements, supply chain disruption, regulatory changes in petroleum product distribution, and fluctuating industrial output. Profitability is closely linked to inventory timing, foreign exchange exposure, and pricing flexibility. Stakeholders requiring a deeper assessment of solvency, credit strength, and long term financial behavior may consult the VNBIS Company Comprehensive Report for complete analysis.

Business Intelligence and Risk Outlook

Vietnam’s lubricants market continues to evolve as industrial activity expands and vehicle ownership increases. Chevron Lubricants Vietnam benefits from strong brand recognition, technical support from its parent company, and product standardization aligned with global requirements. These strengths support long term demand for high specification lubricants across manufacturing, logistics, and consumer automotive segments.

Short term performance will depend on industrial production trends and broader energy price stability. Over the long term, the company’s competitive position will rely on balancing cost efficiency with continued investment in quality, customer service, and distribution reach. Investors and partners seeking a full understanding of operational risk, market exposure, and strategic outlook will find comprehensive intelligence in VNBIS reporting.

VNBIS Support and Business Services

Vanguard Business Information LLC (VNBIS) provides a complete suite of business intelligence solutions to support investors, suppliers, and financial institutions evaluating Chevron Lubricants Vietnam Limited.

VNBIS services include:

• Company Credit Reports assessing solvency, liquidity, and overall financial health
• Risk Management Solutions analyzing exposure to petroleum pricing cycles, working capital pressures, and market competition
• Business Verification and Due Diligence Reports confirming ownership, governance, and regulatory compliance

For clients requiring up to date financial data, verified corporate information, and fresh investigative findings, the VNBIS Company Comprehensive Report offers the most complete and authoritative assessment. Through these services, VNBIS enables secure, transparent, and data driven business decisions.