MIPEC PETROLEUM BUSINESS TRADING ONE MEMBER COMPANY LIMITED

MIPEC PETROLEUM BUSINESS TRADING ONE MEMBER COMPANY LIMITED (CÔNG TY TNHH MỘT THÀNH VIÊN KINH DOANH THƯƠNG MẠI XĂNG DẦU MIPEC) is a privately held energy trading enterprise operating in Vietnam’s petroleum distribution sector. Established on 06 June 2012, MIPEC PETROLEUM BUSINESS TRADING ONE MEMBER COMPANY LIMITED has more than 13 years of operational experience in the wholesale and retail trading of petroleum and related fuel products.

Legal Status and Corporate Profile

MIPEC PETROLEUM BUSINESS TRADING ONE MEMBER COMPANY LIMITED is registered under Business ID and Tax Identification Number 0105909434 with the Ha Noi Department of Planning and Investment. The company’s head office is located at N10, No. 33B, Pham Ngu Lao Street, Phan Chu Trinh Ward, Hoan Kiem District, Ha Noi City, Vietnam. It operates as an active one-member limited liability company.

The company has a registered charter capital of approximately USD 2.05 million, with paid-up capital of about USD 1.08 million. It employs around 100 staff, reflecting a trading-oriented business model supported by logistics, retail, and branch operations.

Core Operations and Business Scope

The principal activity of MIPEC PETROLEUM BUSINESS TRADING ONE MEMBER COMPANY LIMITED is the wholesale trading of solid, liquid, and gaseous fuels, with a particular focus on petroleum products. The company is also involved in retail fuel sales through specialized stores and supports its trading operations with logistics and transportation services.

Beyond fuel trading, the company is registered for a wide range of ancillary activities, including road and water freight transport, warehousing and storage, wholesale of machinery and metals, and transportation-related services. This diversified registration supports operational flexibility and supply chain integration across multiple regions.

MIPEC maintains branch operations in Vinh Phuc, Thanh Hoa, and Thai Nguyen provinces, strengthening its regional distribution network in Northern Vietnam.

Management and Ownership

The company is managed by its Director, Mr. DO H. K., who oversees daily operations. Ownership is entirely held by Military Petrochemical Joint Stock Company, indicating that MIPEC PETROLEUM BUSINESS TRADING ONE MEMBER COMPANY LIMITED operates as a wholly owned subsidiary within a larger petrochemical and energy group structure. This ownership relationship provides strategic backing, supply stability, and brand alignment within the broader MIPEC ecosystem.

Financial Performance and Trends

From a financial perspective, MIPEC PETROLEUM BUSINESS TRADING ONE MEMBER COMPANY LIMITED shows a contraction in trading volume. Sales revenue declined sharply in the most recent period, reflecting reduced fuel turnover or changes in market conditions. Despite lower revenue, total assets increased, suggesting balance-sheet adjustments or reallocation of inventory and assets.

Profitability weakened significantly, with net profit declining sharply compared to the prior year. However, the company remained marginally profitable, and equity levels were largely stable, indicating capital preservation despite earnings pressure. Working capital decreased slightly but remained positive, supporting continued short-term operations.

Overall, the financial profile reflects a fuel-trading business operating under margin pressure and volume volatility, which are common in regulated and price-sensitive petroleum markets.

Business Outlook and Risk Considerations

Operating in the petroleum sector exposes MIPEC PETROLEUM BUSINESS TRADING ONE MEMBER COMPANY LIMITED to fuel price volatility, regulatory controls, inventory risk, and demand fluctuations. However, the company’s integration within Military Petrochemical Joint Stock Company provides important risk-mitigating factors, including supply chain support and institutional backing.

For banks, insurers, suppliers, and commercial partners, careful monitoring of revenue trends, profitability, sustainability, and working capital dynamics is essential. An up-to-date, comprehensive company report is critical for assessing credit exposure, ownership influence, and operational resilience.