PETROLEUM GENERAL DISTRIBUTION SERVICES JOINT STOCK COMPANY

PETROLEUM GENERAL DISTRIBUTION SERVICES JOINT STOCK COMPANY, also known as PETROSETCO DISTRIBUTION JSC, is a publicly listed enterprise with Business Registration Number 0305482862, headquartered at Room 207, PetroVietnam Building, No. 1-5 Le Duan Street, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam. As a prominent distributor in Vietnam's IT and electronics sectors, the company is increasingly relevant for stakeholders in need of Vietnam Financial Data, Business Verification Services, and Risk Management Services.

Legal Status and Corporate Structure

Founded on February 4, 2008, PETROLEUM GENERAL DISTRIBUTION SERVICES JOINT STOCK COMPANY operates as a joint stock company, with ownership structure reflecting publicly held shares. The company is registered with the Ho Chi Minh City Department of Planning and Investment and trades under the stock symbol PSD on the Hanoi Stock Exchange (HNX).

The company’s Charter Capital and Paid-up Capital are both reported at USD 21,292,426. The controlling shareholder is PETROVIETNAM GENERAL SERVICES CORPORATION, which owns 76.93% of the shares, reinforcing the firm's ties to Vietnam’s state-owned energy sector.

Leadership and Management

• Chairman: Mr. TRAN QUANG HUY, Vietnamese nationality

• Director: Mr. VU TIEN DUONG, Vietnamese

• Deputy Director: Mr. NGUYEN MANH LAN, Vietnamese

  • Contact: +84 902 507 979

These key personnel are instrumental in executing strategic initiatives and managing the company's diverse portfolio in electronics, IT, telecommunications, and more.

Financial Snapshot and Performance Trends

PETROLEUM GENERAL DISTRIBUTION SERVICES JOINT STOCK COMPANY reported the following figures as of the end of 2023:

• Total Assets: USD 128.05 million

• Owner's Equity: USD 22.48 million

• Total Sales: USD 277.9 million

• Profit: USD 2.6 million

• Net Worth: USD 19.79 million

• Working Capital: USD 19.29 million

• Number of Employees: 251

However, performance indicators in 2023 revealed some cautionary signs. Sales decreased by 21.66%, and profit dropped by a sharp 43.9% year-over-year. Despite this, the company saw a modest 7.09% growth in equity and a 9.1% increase in net worth, suggesting a stable capital base even amid declining revenues.

Business Operations and Scope

PETROLEUM GENERAL DISTRIBUTION SERVICES JOINT STOCK COMPANY engages in the wholesale and retail of computers, mobile devices, telecommunications equipment, and other electronics. The company is also active in software development, IT consulting, and logistics and storage solutions.

Branches are located in Hanoi and Da Nang, further solidifying its nationwide distribution network. The company’s wide range of business activities—from computer programming to road freight transport—makes it an essential subject for those conducting Company Reports or risk evaluations in Vietnam.

Relevance to Business Intelligence and Risk Evaluation

For international investors, insurers, or financial institutions assessing market entry or partnership in Vietnam, PETROLEUM GENERAL DISTRIBUTION SERVICES JOINT STOCK COMPANY is a prime candidate for Company Reports. The company's public status, complex ownership structure, and recent financial shifts provide a robust case for Risk Management Services and Business Verification—all core strengths of VANGUARD BUSINESS INFORMATION LLC (VBI).

By leveraging VBI's expertise in Vietnam Financial Data, stakeholders can make informed decisions grounded in verified performance and operational transparency.