HAI PHONG PVOIL PETROLEUM JOINT STOCK COMPANY

HAI PHONG PVOIL PETROLEUM JOINT STOCK COMPANY (Vietnamese name: CÔNG TY CỔ PHẦN XĂNG DẦU DẦU KHÍ PVOIL HẢI PHÒNG) is a prominent joint stock company engaged in petroleum trading and logistics in northern Vietnam. Founded on July 8, 2011, and headquartered at 221-223 Van Cao Street, Ngo Quyen District, Hai Phong City, the company has spent over a decade steadily expanding its operational reach across several provinces, including branches in Hai Duong and Ha Giang.

This enterprise operates under the leadership of Mr. Nguyen Trung Huu, a Vietnamese national who currently serves as Director. As a privately held joint stock company, HAI PHONG PVOIL PETROLEUM boasts a dynamic ownership structure. The majority stakeholder is PetroVietnam Oil Corporation, holding 72% ownership, followed by Vietnam Thinh Vuong Securities Commercial Joint Stock Company with 10.27%, and a few other institutional and private shareholders.

The company’s core operations center around the wholesale and retail of petroleum, gasoline, and related products, supported by a diversified portfolio of logistics, fuel transport, repair services, warehousing, and even infrastructure construction. Its logistics network and infrastructure make it a key fuel distributor for industrial and commercial clients in the northern region.

In 2023, HAI PHONG PVOIL PETROLEUM JOINT STOCK COMPANY recorded total assets of USD 12.88 million, a notable 35.08% increase from the previous year. Its total sales climbed to USD 246.18 million, reflecting a 25.88% growth year-over-year. Despite challenges in the broader fuel market, the company reported a net profit of USD 311,335, representing a strong 42.91% improvement from 2022. These figures underscore a consistent recovery and increasing operational efficiency.

With paid-up capital of USD 3.08 million, the company maintains solid equity levels—USD 3.62 million in 2023, up 2.79% from the prior year. The net worth stands at USD 1.85 million, and while working capital showed a slight decline, the overall financial profile remains healthy for a mid-sized regional fuel supplier. The company employs 210 personnel, whose operations extend across road and inland waterway transport, petroleum product storage, and mechanical maintenance.

HAI PHONG PVOIL PETROLEUM JOINT STOCK COMPANY is a testament to PetroVietnam Oil’s successful regional diversification strategy. As the Vietnamese economy grows and infrastructure demands increase, PVOIL Hai Phong is well-positioned to meet fuel supply needs across industries. The company’s balance of public sector backing and private shareholder participation offers a stable foundation for continued development in Vietnam’s competitive fuel market.

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