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CUU LONG PETROLEUM TRADING JOINT STOCK COMPANY

Active

Business ID 1500498480

84-270 / 3843 456

CUU LONG PETROLEUM TRADING JOINT STOCK COMPANY

Active

Business ID 1500498480

84-270 / 3843 456

CUU LONG PETROLEUM TRADING JOINT STOCK COMPANY

Active

Summary

Name:

CUU LONG PETROLEUM TRADING JOINT STOCK COMPANY

Business ID (TIN):

1500498480

Date of Registration:

11 Dec 2007

Registered Office:

Vinh Long Department of Planning and Investment

Address:

No. 64/20A-67/6A, Pho Co Dieu Street, Ward 4, Vinh Long City, Vinh Long Province, Vietnam

Phone:

84-270 / 3843 456

Fax:

(84-270) 3843 555

Financial Statement:

2020, 2021, 2022, 2023, 2024

CUU LONG PETROLEUM TRADING JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN THƯƠNG MẠI DẦU KHÍ CỬU LONG) operates as a regional petroleum distributor based in Vinh Long Province, Vietnam, under Business ID 1500498480. Established on December 11, 2007, the company’s head office is located at No. 64/20A-67/6A, Pho Co Dieu Street, Ward 4, Vinh Long City, with multiple fuel distribution branches across the province

From a credit management perspective, the company’s latest financial statements reflect severe deterioration in economic performance and liquidity. As of December 31, 2024, total assets stood at USD 18.1 million, a 9.9 percent decline compared to the previous year. Equity dropped sharply to USD –0.51 million, showing that liabilities have exceeded assets, while sales fell by 43.7 percent to USD 58.46 million. The company recorded a net loss of USD 1.9 million, continuing a downward trend that has persisted since 2022. Working capital remains negative at USD –4.43 million, underscoring ongoing cash flow pressure.

The enterprise employs around 200 workers and is managed by Mr. Le T. N. K., who serves as Chairman cum Director. Despite its broad trading scope—including wholesale of petroleum, fertilizers, and agricultural products—CUU LONG PETROLEUM’s profitability and solvency have declined sharply.

Given substantial equity erosion, persistent losses, and negative working capital, the company faces high financial risk. Unless it undertakes capital restructuring or secures external financial support, repayment capacity and trade credit reliability remain limited. For potential suppliers and partners, tight credit terms and close payment monitoring are strongly advised to Minimize Financial Risks and Maximize Business Opportunities in any commercial dealings with this firm.

Legal Profile

English Name:

CUU LONG PETROLEUM TRADING JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN THƯƠNG MẠI DẦU KHÍ CỬU LONG

Short Name:

PTC.

Business ID (TIN):

1500498480

Date of Registration:

11 Dec 2007

Registered Office:

Vinh Long Department of Planning and Investment

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

LE T.N.K

Address:

No. 64/20A-67/6A, Pho Co Dieu Street, Ward 4, Vinh Long City, Vinh Long Province, Vietnam

Phone:

84-270 / 3843 456

Fax:

(84-270) 3843 555

Branch:

Group 15, Phu An Hamlet, Phu Thinh Commune, Tam Binh District, Vinh Long Province, Vietnam

Branch:

Group 1, Phuoc Loc A Hamlet, Binh Phuoc Commune, Mang Thit District, Vinh Long Province, Vietnam

Branch:

Group 13, Hamlet 3, Hoa Thanh Commune, Tam Binh District, Vinh Long Province, Vietnam

Branch:

Phu Thanh Hamlet, Tan Phu Commune, Tam Binh District, Vinh Long Province, Vietnam

Branch:

No. 379, Bach dang Street, Ward 9, Soc Trang City, Soc Trang Province, Vietnam

Branch:

No. 224, Group 8, Tan Thuan Hamlet, Binh Duc Commune, Chau Thanh District, Tien Giang Province, Vietnam

Branch:

Cluster 2, Ward 1, Gia Rai Town, Bac Lieu City, Bac Lieu Province, Vietnam

Branch:

Group 9, Dong Hau Hamlet, Ngai Tu Commune, Tam Binh District, Vinh Long Province, Vietnam

Branch:

8th Floor, No. 131, Tran Hung Dao Street, An Phu Ward, Ninh Kieu District, Can Tho City, Vietnam

Branch:

Vinh Hung Commune, Long Duc Commune, Tra Vinh City, Tra Vinh Province, Vietnam

Branch:

National Road 91, Group 15, Dong Thinh B Cluster, My Thanh Ward, Long Xuyen City, An Giang Province, Vietnam

Branch:

Hamlet 7, Khanh An Commune, U Minh District, Ca Mau Province, Vietnam

Branch:

No. 32A, Nguyen Tat Thanh Street, Cluster 2, Ward 1, Sa Dec City, Dong Thap Province, Vietnam

Business Sector

Key business lines:

VSIC:

4661 Wholesale of solid, liquid and gaseous fuels and related products

NACE:

46.71 Wholesale of solid, liquid and gaseous fuels and related products

Industry Sales Growth

CAGR (2019 - 2023)

7.31%

YoY (2023)

-7.98%

Companies by industry

Company distribution and propportions

22,314

0.7675%

Key Industry Players

Top 10 companies in wholesale of solid, liquid and gaseous fuels and related products industry

vietnam national petroleum group petrovietnam oil corporation vinacomin - coal import export joint stock company dong thap petroleum trading import export joint stock company vietnam air petrol company limited (skypec) thanh le corporation vinacomin - northern coal trading joint stock company (translated name) area 2 petroleum company - one member limited liability company (translated name) region i petroleum company - one member limited liability company petrolimex aviation fuel joint stock company

Payment History

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Financial Performance

Assets	-5.49%
Owner’s Equity	-7.67%
Working Capital	8.23%
Net Worth	50.25%
Sales	-99.46%
Operating income	72.34%
EBIT	74.71%
Gross Profit Margin	42.52%
Debt to EBITDA	4.33%

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Specific Questions About CUU LONG PETROLEUM TRADING JOINT STOCK COMPANY

When did CUU LONG PETROLEUM TRADING JSC start operating?

CUU LONG PETROLEUM TRADING JSC was started in 11 Dec 2007

What industry does CUU LONG PETROLEUM TRADING JSC operate in?

CUU LONG PETROLEUM TRADING JSC is operating in "Wholesale of solid, liquid and gaseous fuels and related products" industry

How can I contact CUU LONG PETROLEUM TRADING JSC?

CUU LONG PETROLEUM TRADING JSC phone numbers is 84-270 / 3843 456

What adverse news is there about CUU LONG PETROLEUM TRADING JSC?

CUU LONG PETROLEUM TRADING JSC’s has no negative news

What is stock symbol of CUU LONG PETROLEUM TRADING JSC?

CUU LONG PETROLEUM TRADING JSC is not listed company

Where is the location of CUU LONG PETROLEUM TRADING JSC?

CUU LONG PETROLEUM TRADING JSC is located at No. 64/20A-67/6A, Pho Co Dieu Street, Ward 4, Vinh Long City, Vinh Long Province, Vietnam

What is CUU LONG PETROLEUM TRADING JSC’s business registration?

CUU LONG PETROLEUM TRADING JSC business registration is 1500498480

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CUU LONG PETROLEUM TRADING JOINT STOCK COMPANY

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