CHI NHANH XANG DAU HA NAM

CHI NHANH XANG DAU HA NAM (CHI NHÁNH XĂNG DẦU HÀ NAM) is a branch-level operation engaged in petroleum and fuel distribution activities in Ha Nam Province. As a dependent unit rather than an independent legal entity, the branch functions mainly as a local sales and distribution arm within a broader petroleum supply system, serving retail and wholesale fuel demand in the province and surrounding areas.

Legal Status And Branch Registration

The unit is registered as a branch with TIN: 0600018898-015 and maintains an active operating status. Paid-up capital allocated to the branch amounts to approximately USD 584 thousand.
The registered address is Duong 1A, Ha Nam Province, Vietnam. As a branch, it does not have separate charter capital or an independent ownership structure, and the parent company ultimately bears its legal and financial responsibilities.

Management And Organizational Notes

Information on branch-level management and directors is not publicly disclosed. This is common for branch entities in Vietnam, where managerial appointments are typically internal and not separately registered or reported.

Financial Scale And Operating Snapshot

The branch operates on a relatively modest asset base that has increased steadily, indicating continued capital allocation to inventory, storage, and operational facilities. However, sales have declined sharply in recent periods, reflecting weaker fuel demand, tighter market conditions, or changes in the parent company's supply allocation.
Profitability remains positive but very thin, suggesting that the branch operates on low margins typical of fuel distribution. Notably, working capital is negative, and net worth is also negative, underscoring the branch’s dependence on parent-company funding and internal settlements rather than standalone financial sustainability.

Critical Risk And Operational Outlook

The primary risk for CHI NHANH XANG DAU HA NAM lies in its structural dependence and weak liquidity position. Negative working capital and declining sales leave little buffer against market shocks, regulatory changes in fuel pricing, or supply disruptions. As a branch, its outlook is closely tied to the parent entity's strategic decisions, financial strength, and supply policies.
In the near term, operations are likely to remain stable at a basic service level. Still, any meaningful performance improvement will depend on a recovery in fuel demand and stronger internal support from the parent organization.