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NGHI SON REFINERY AND PETROCHEMICAL LIMITED LIABILITY COMPANY

Active

Business ID 2801149686

84-237 / 8738 540

NGHI SON REFINERY AND PETROCHEMICAL LIMITED LIABILITY COMPANY

Active

Business ID 2801149686

84-237 / 8738 540

NGHI SON REFINERY AND PETROCHEMICAL LIMITED LIABILITY COMPANY

Active

Summary

Name:

NGHI SON REFINERY AND PETROCHEMICAL LIMITED LIABILITY COMPANY

Business ID (TIN):

2801149686

Date of Registration:

14 Apr 2008

Registered Office:

Thanh Hoa Province Department of Finance

Address:

Nghi Son Economic Zone, Thanh Hoa Province, Vietnam

Phone:

84-237 / 8738 540

Financial Statement:

2020, 2021, 2022, 2023, 2024

NGHI SON REFINERY AND PETROCHEMICAL LIMITED COMPANY (CÔNG TY TNHH LỌC HOÁ DẦU NGHI SƠN) (NSRP) is Vietnam’s largest oil refinery, playing a crucial role in the country’s petrochemical and fuel supply industry. Located in Nghi Son Economic Zone, Thanh Hoa Province, NSRP is a key contributor to Vietnam’s energy security and industrial growth. Established in 2008, the company operates a state-of-the-art refinery and petrochemical complex, processing crude oil into refined petroleum products, chemicals, and synthetic materials serving domestic and international markets.

NSRP’s strategic ownership structure reflects strong global partnerships, with Idemitsu Kosan Co., Ltd. (Japan) and Kuwait Petroleum Europe B.V. (Netherlands) each holding 35.1% of shares, while Vietnam Oil and Gas Group (Petrovietnam) retains a 25.1% stake. The remaining 4.7% is held by Mitsui Chemicals, Inc. (Japan). This foreign direct investment (FDI) model has enabled the company to access advanced refining technology, international expertise, and a steady supply of crude oil from Kuwait.

Financial Performance and Market Challenges

With total assets valued at USD 7.54 billion, NSRP is a major industrial entity in Vietnam, yet the company faces significant financial challenges. In 2023, NSRP reported a 15.53% drop in total sales, amounting to USD 6.17 billion, alongside a staggering net loss of USD 898.98 million. This 170.55% decline in profitability has severely impacted the company’s financial standing, leaving it with negative equity of USD -2.38 billion. The sharp decline in earnings stems from volatile global crude oil prices, supply chain disruptions, and weakening domestic demand.

Despite its financial struggles, NSRP remains an essential part of Vietnam’s energy infrastructure, supplying a significant portion of the country’s fuel demand. The refinery is a critical supplier of gasoline, diesel, liquefied petroleum gas (LPG), and petrochemical products, reducing Vietnam’s reliance on imported petroleum. The company also engages in the wholesale distribution of fuels, plastics, and synthetic rubber, as well as the retail sale of automotive fuels.

Leadership and Strategic Direction

Under the leadership of General Director Kazutaka Yamato (Japan) and Deputy General Directors Pham Van Chat (Vietnam) and Imad Al-Hadloq (Kuwait), NSRP is actively seeking financial restructuring solutions to stabilize its operations. The company is working closely with stakeholders, financial institutions, and government authorities to optimize production efficiency and secure additional investment.

NSRP is also looking toward sustainable energy development, with plans to invest in cleaner refining technologies, emissions reduction, and the integration of renewable energy components into its operations. As Vietnam pushes for a greener energy transition, NSRP’s role in developing biofuels and alternative energy sources will be critical for its long-term survival.

Business Intelligence and Investment Insights

For investors and businesses evaluating NSRP’s financial health, credit risk, and market potential, Vanguard Business Information LLC (VNBiS) provides in-depth company reports and business intelligence solutions. With expertise in financial risk assessment, due diligence, and industry analysis, VNBiS helps businesses and financial institutions navigate Vietnam’s complex energy market. Companies looking to engage with NSRP, assess investment risks, or explore fuel supply opportunities can rely on VNBiS’s accurate and comprehensive business data.

The Future of NSRP in Vietnam’s Energy Landscape

NSRP faces critical challenges, but its strategic importance in Vietnam’s energy sector remains undeniable. The company’s ability to secure additional funding, optimize operational efficiency, and adapt to changing energy demands will determine its long-term viability. As Vietnam continues to industrialize and modernize its energy policies, NSRP’s role in fuel production, refining innovation, and sustainable energy solutions will remain crucial.

For investors and businesses looking to engage with NSRP or analyze its financial standing, VNBiS provides essential services such as business verification, credit risk assessment, and corporate compliance reports. With accurate and up-to-date business intelligence, VNBiS ensures that financial stakeholders make informed decisions in Vietnam’s evolving energy market.

Legal Profile

English Name:

NGHI SON REFINERY AND PETROCHEMICAL LIMITED LIABILITY COMPANY

Vietnamese Name:

CÔNG TY TNHH LỌC HÓA DẦU NGHI SƠN

Short Name:

NSRP

Business ID (TIN):

2801149686

Date of Registration:

14 Apr 2008

Registered Office:

Thanh Hoa Province Department of Finance

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

+ PHAM V.C

+ IMAD A.-.H

Address:

Nghi Son Economic Zone, Thanh Hoa Province, Vietnam

Phone:

84-237 / 8738 540

Transaction office:

14th Floor, West Tower, Lotte Center Ha Noi, No. 54, Lieu Giai Street, Ha Noi City, Vietnam

Business Sector

Key business lines:

VSIC:

1920 Manufacture of refined petroleum product

NACE:

19.20 Manufacture of refined petroleum products

NAICS:

32411 Petroleum Refineries

Industry Sales Growth

CAGR (2019 - 2023)

9.65%

YoY (2023)

-7.21%

Companies by industry

Company distribution and propportions

373

0.0128%

Key Industry Players

Top 10 companies in manufacture of refined petroleum product industry

binh son refining and petrochemical joint stock company totalenergies marketing vietnam company limited hochiminh city petroleum company limited long son petrochemicals company limited castrol bp petco limited liability company chevron lubricants vietnam limited shell vietnam limited nghi son refinery and petrochemical limited liability company idemitsu lube vietnam co.,ltd. (translated name) ho chi minh city energy import - export joint stock company

Payment History

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Financial Performance

Assets	-34.28%
Owner’s Equity	78.76%
Working Capital	-45.84%
Net Worth	82.69%
Sales	-47.32%
Operating income	31.08%
EBIT	-30.66%
Gross Profit Margin	-59.16%
Debt to EBITDA	-1.20%

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Specific Questions About NGHI SON REFINERY AND PETROCHEMICAL LIMITED LIABILITY COMPANY

When did NGHI SON REFINERY AND PETROCHEMICAL LIMITED LIABILITY COMPANY start operating?

NGHI SON REFINERY AND PETROCHEMICAL LIMITED LIABILITY COMPANY was started in 14 Apr 2008

What industry does NGHI SON REFINERY AND PETROCHEMICAL LIMITED LIABILITY COMPANY operate in?

NGHI SON REFINERY AND PETROCHEMICAL LIMITED LIABILITY COMPANY is operating in "Manufacture of refined petroleum product" industry

How can I contact NGHI SON REFINERY AND PETROCHEMICAL LIMITED LIABILITY COMPANY?

NGHI SON REFINERY AND PETROCHEMICAL LIMITED LIABILITY COMPANY phone numbers is 84-237 / 8738 540

What adverse news is there about NGHI SON REFINERY AND PETROCHEMICAL LIMITED LIABILITY COMPANY?

NGHI SON REFINERY AND PETROCHEMICAL LIMITED LIABILITY COMPANY’s has 8 bad news

What is stock symbol of NGHI SON REFINERY AND PETROCHEMICAL LIMITED LIABILITY COMPANY?

NGHI SON REFINERY AND PETROCHEMICAL LIMITED LIABILITY COMPANY is not listed company

Where is the location of NGHI SON REFINERY AND PETROCHEMICAL LIMITED LIABILITY COMPANY?

NGHI SON REFINERY AND PETROCHEMICAL LIMITED LIABILITY COMPANY is located at Nghi Son Economic Zone, Thanh Hoa Province, Vietnam

What is NGHI SON REFINERY AND PETROCHEMICAL LIMITED LIABILITY COMPANY’s business registration?

NGHI SON REFINERY AND PETROCHEMICAL LIMITED LIABILITY COMPANY business registration is 2801149686

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NGHI SON REFINERY AND PETROCHEMICAL LIMITED LIABILITY COMPANY

NGHI SON REFINERY AND PETROCHEMICAL LIMITED LIABILITY COMPANY

NGHI SON REFINERY AND PETROCHEMICAL LIMITED LIABILITY COMPANY

Financial Performance and Market Challenges

Leadership and Strategic Direction

Business Intelligence and Investment Insights

The Future of NSRP in Vietnam’s Energy Landscape

Company Profile Report

Company Standard Report

Comprehensive Report

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NGHI SON REFINERY AND PETROCHEMICAL LIMITED LIABILITY COMPANY

NGHI SON REFINERY AND PETROCHEMICAL LIMITED LIABILITY COMPANY

NGHI SON REFINERY AND PETROCHEMICAL LIMITED LIABILITY COMPANY

Financial Performance and Market Challenges

Leadership and Strategic Direction

Business Intelligence and Investment Insights

The Future of NSRP in Vietnam’s Energy Landscape

Company Profile Report

Company Standard Report

Comprehensive Report

GET IN TOUCH FOR EXCLUSIVE DEALS!

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