PETROLEUM HIGH TECHNOLOGY PRODUCTS DISTRIBUTION JOINT STOCK COMPANY

PETROLEUM HIGH TECHNOLOGY PRODUCTS DISTRIBUTION JOINT STOCK COMPANY (Vietnamese: CÔNG TY CỔ PHẦN PHÂN PHỐI SẢN PHẨM CÔNG NGHỆ CAO DẦU KHÍ) is a privately held Vietnamese enterprise, legally registered as a joint stock company under Business ID 0312791043. It was established on May 22, 2014, and currently operates from its head office at the 6th Floor, PetroVietnam Building, No. 1-5 Le Duan Street, District 1, Ho Chi Minh City. The company also maintains a representative office in Hanoi. With a business duration of over ten years, the enterprise has positioned itself in the wholesale distribution of electronic and telecommunications equipment and parts, while also engaging in retail, advertising, market research, and software-related services.

As of the end of 2023, the company reported total assets of approximately USD 79.45 million, marking a 36.12% increase compared to the previous year. This upward trend in asset growth was accompanied by a similar expansion in sales revenue, which rose to USD 268.72 million—a year-over-year growth rate of 31.43%. The company also posted a profit of USD 1.41 million for 2023, a significant rebound from the previous year's lower result and reflecting a 137.08% increase. Despite modest overall equity of USD 3.21 million, the positive financial trajectory over the past year suggests increased operational efficiency and potential reinvestment into the business. However, it's worth noting that the company had experienced a profit contraction in 2022, demonstrating that its performance may be subject to fluctuation depending on market or internal factors.

The company’s legal capital framework includes a charter capital of USD 2.87 million, with USD 1.64 million paid-up as of the latest reporting period. PETROLEUM HIGH TECHNOLOGY PRODUCTS DISTRIBUTION JOINT STOCK COMPANY has a relatively small staff size of around 50 employees, despite its sizable asset base and revenue stream. Its shareholder structure is led by PetroVietnam General Services Corporation (PETROSETCO), which holds a controlling 51% stake. Other notable shareholders include Mr. Phung Tuan Nam (35.3%), Mr. Ho Hoang Nguyen Vu (8.3%), Mr. Tran Quang Huy (1.6%), and Mr. Cao Thanh Hung (1%).

In terms of governance, Mr. Tran Quang Huy currently serves as Chairman of the Board, with Mr. Ho Hoang Nguyen Vu acting as Director and Mr. Cao Thanh Hung as Chief Accountant. All three are Vietnamese nationals and appear to be actively involved in company management. The company’s legal registration and tax compliance are recorded with the Ho Chi Minh City Department of Planning and Investment.

From a risk perspective, PETROLEUM HIGH TECHNOLOGY PRODUCTS DISTRIBUTION JOINT STOCK COMPANY remains operationally active with signs of revenue and profit growth in 2023. However, its relatively low equity position compared to total assets and sales volume may suggest reliance on external financing or retained liabilities, which should be taken into consideration by potential partners, creditors, or investors. Furthermore, fluctuations in profitability in prior years highlight the importance of close monitoring in any ongoing business engagement.