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MILITARY PETROCHEMICAL JOINT STOCK COMPANY

Active

Business ID 0101436307

84-24 / 3734 2501

MILITARY PETROCHEMICAL JOINT STOCK COMPANY

Active

Business ID 0101436307

84-24 / 3734 2501

MILITARY PETROCHEMICAL JOINT STOCK COMPANY

Active

Summary

Name:

MILITARY PETROCHEMICAL JOINT STOCK COMPANY

Business ID (TIN):

0101436307

Date of Registration:

22 Dec 2003

Registered Office:

Ha Noi City Department of Planning and Investment

Address:

N1 - 33B Pham Ngu Lao, Phan Chu Trinh Ward, Hoan Kiem District, Ha Noi City, Vietnam

Phone:

84-24 / 3734 2501

Financial Statement:

2020, 2021, 2022, 2023, 2024

A Diversified Energy and Service Enterprise with Nationwide Reach

MILITARY PETROCHEMICAL JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN HÓA DẦU QUÂN ĐỘI), widely known by its trade name MIPEC.,JSC, is a long-established enterprise in Vietnam’s fuel trading and service sector. Operating under Business ID and Tax Code 0101436307, the company was registered in December 2003 and has maintained over 21 years of active business operation. Its head office is located at N1 - 33B Pham Ngu Lao, Phan Chu Trinh Ward, Hoan Kiem District, Hanoi, with additional branches in Hai Phong, Ho Chi Minh City, and Da Nang—offering a truly national footprint.

Legally structured as a joint stock company, MILITARY PETROCHEMICAL JOINT STOCK COMPANY is privately held and fully capitalized with a charter capital of USD 41.08 million, all of which has been paid up as of December 2023. The company is regulated by the Hanoi Department of Planning and Investment and is engaged primarily in the wholesale of solid, liquid, and gaseous fuels, along with a wide range of service-based ventures.

The company is led by General Director Mr. Du Cao Son, a Vietnamese national overseeing nearly 900 employees. His leadership spans not only petroleum distribution but also diversification into real estate, golf course operations, resorts, and restaurant management.

Financial Profile: Sharp Profit Decline Despite Sustained Sales

In 2023, MILITARY PETROCHEMICAL JOINT STOCK COMPANY recorded USD 450.2 million in sales, down 9.71% from the prior year. This drop follows an exceptionally high revenue year in 2022, when the company’s top line surged by over 43%. However, despite still maintaining high revenue, profitability has dropped significantly.

The net profit for 2023 stood at just USD 1.95 million, down 64.25% compared to the previous year’s USD 5.46 million, and far below the 2021 profit level of over USD 8.5 million. This suggests shrinking margins or elevated operating costs in a volatile fuel market. Additionally, working capital is in the negative at USD -35.09 million, which may impact liquidity and operational agility.

Total assets dropped for the third consecutive year to USD 243.5 million, while owner’s equity slightly decreased to USD 59.92 million, reflecting a mild decline in net worth amidst broader financial contraction.

Business Activities and Strategic Positioning

MILITARY PETROCHEMICAL JOINT STOCK COMPANY is not limited to energy distribution. In fact, the company’s business registration includes a wide array of industries: from satellite telecommunications to transportation support services, construction of buildings and roads, retail, event catering, and even animal husbandry. This degree of diversification is uncommon in the sector and points to a strategic approach that leverages both cash flow from fuel trading and asset growth from real estate and infrastructure ventures.

Among its known shareholders are large institutional entities such as Military Commercial Joint Stock Bank, Vietnam National Petroleum Group, and General Import and Export Vanxuan Corporation, although the company remains predominantly privately controlled and does not disclose full shareholder breakdowns publicly.

Outlook and Verification Insight

While MILITARY PETROCHEMICAL JOINT STOCK COMPANY holds a strong market presence and diversified business portfolio, its financials in 2023 point to challenges in maintaining profitability amid market headwinds. Negative working capital and declining net income highlight the importance of careful cash flow and cost management.

For investors, suppliers, or financial institutions seeking partnerships, engaging platforms like Vanguard Business Information (VBI) is advisable. VBI offers business verification, litigation history, and financial risk management services—all essential tools to assess a company's real-time solvency and operating capacity.

As of now, MILITARY PETROCHEMICAL JOINT STOCK COMPANY remains a high-profile but financially cautious entity navigating the pressures of Vietnam’s evolving fuel and service market.

Legal Profile

English Name:

MILITARY PETROCHEMICAL JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN HÓA DẦU QUÂN ĐỘI

Short Name:

MIPEC .,JSC

Business ID (TIN):

0101436307

Date of Registration:

22 Dec 2003

Registered Office:

Ha Noi City Department of Planning and Investment

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

+ DAO N.T

+ DU C.S

+ NGUYEN D.T

+ LE M.Q

+ DOAN S.T

Address:

N1 - 33B Pham Ngu Lao, Phan Chu Trinh Ward, Hoan Kiem District, Ha Noi City, Vietnam

Phone:

84-24 / 3734 2501

Branch:

No. 376, Road 5 (old), Hung Vuong Ward, Hong Bang District, Hai Phong City, Vietnam

Branch:

Floor 3, 29 Ton Duc Thang Street, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam

Branch:

No. 756, Ngo Quyen Street, An Hai Bac Ward, Son Tra District, Da Nang City, Vietnam

Branch:

L16-06, Road 44, Ngan Thuan Residential Area, Binh Thuy Ward, Binh Thuy District, Can Tho City, Vietnam

Branch:

House 07, Zone B, Vinaconex 9 Building, Le Nin Boulevard, Nghia Phu Commune, Vinh City, Nghe An Province, Vietnam

Branch:

No. 62, Tran Phu Street, Loc Tho Ward, Nha Trang City, Khanh Hoa Province, Vietnam

Branch:

17th Floor, Eagle Hotel, No. 268, Tran Phu Street, Nguyen Du Ward, Ha Tinh City, Ha Tinh 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	-78.78%
Owner’s Equity	71.58%
Working Capital	3.66%
Net Worth	58.36%
Sales	22.51%
Operating income	-27.42%
EBIT	16.69%
Gross Profit Margin	-0.40%
Debt to EBITDA	57.03%

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Opinion from Analysts

Specific Questions About MILITARY PETROCHEMICAL JOINT STOCK COMPANY

When did MILITARY PETROCHEMICAL JSC start operating?

MILITARY PETROCHEMICAL JSC was started in 22 Dec 2003

What industry does MILITARY PETROCHEMICAL JSC operate in?

MILITARY PETROCHEMICAL JSC is operating in "Wholesale of solid, liquid and gaseous fuels and related products" industry

How can I contact MILITARY PETROCHEMICAL JSC?

MILITARY PETROCHEMICAL JSC phone numbers is 84-24 / 3734 2501

What adverse news is there about MILITARY PETROCHEMICAL JSC?

MILITARY PETROCHEMICAL JSC’s has no negative news

What is stock symbol of MILITARY PETROCHEMICAL JSC?

MILITARY PETROCHEMICAL JSC is not listed company

Where is the location of MILITARY PETROCHEMICAL JSC?

MILITARY PETROCHEMICAL JSC is located at N1 - 33B Pham Ngu Lao, Phan Chu Trinh Ward, Hoan Kiem District, Ha Noi City, Vietnam

What is MILITARY PETROCHEMICAL JSC’s business registration?

MILITARY PETROCHEMICAL JSC business registration is 0101436307

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MILITARY PETROCHEMICAL JOINT STOCK COMPANY

MILITARY PETROCHEMICAL JOINT STOCK COMPANY

MILITARY PETROCHEMICAL JOINT STOCK COMPANY

A Diversified Energy and Service Enterprise with Nationwide Reach

Financial Profile: Sharp Profit Decline Despite Sustained Sales

Business Activities and Strategic Positioning

Outlook and Verification Insight

Company Profile Report

Company Standard Report

Comprehensive Report

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MILITARY PETROCHEMICAL JOINT STOCK COMPANY

MILITARY PETROCHEMICAL JOINT STOCK COMPANY

MILITARY PETROCHEMICAL JOINT STOCK COMPANY

A Diversified Energy and Service Enterprise with Nationwide Reach

Financial Profile: Sharp Profit Decline Despite Sustained Sales

Business Activities and Strategic Positioning

Outlook and Verification Insight

Company Profile Report

Company Standard Report

Comprehensive Report

GET IN TOUCH FOR EXCLUSIVE DEALS!

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