CUU LONG PETROLEUM TRADING JOINT STOCK COMPANY

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.