PETROLIMEX BARIAVUNGTAU CO., LTD

PETROLIMEX BARIAVUNGTAU CO., LTD (Vietnamese name: CÔNG TY TNHH MỘT THÀNH VIÊN XĂNG DẦU BÀ RỊA- VŨNG TÀU) is a strategically positioned fuel distributor in southern Vietnam. Established on July 15, 2010, the company is a one-member limited liability company, fully owned by the Vietnam National Petroleum Group (Petrolimex), Vietnam’s largest state-owned oil distributor. With its headquarters located at No. 12 Hoang Hoa Tham, Ward 2, Vung Tau City, PETROLIMEX BARIAVUNGTAU plays a vital role in supplying petroleum and petrochemical products across Ba Ria - Vung Tau province and beyond.

The company is currently chaired by Mr. Quan Ngoc San, a Vietnamese national, under whose leadership the enterprise continues to maintain stable operations. Over more than 14 years of activity, PETROLIMEX BARIAVUNGTAU CO., LTD has diversified its operations across multiple areas, including wholesale and retail of fuels, marine logistics, repair services, insurance brokerage, and transportation by road and waterway. These activities are supported by a workforce of 340 employees and extensive warehouse facilities in Vung Tau.

In terms of financial performance, PETROLIMEX BARIAVUNGTAU CO., LTD reported total sales of USD 246.4 million in 2023. Although this represents a 25.49% decrease from the peak in 2022, the company notably increased its net profit to USD 409,279, reflecting an 85.76% year-over-year improvement. This turnaround demonstrates strong financial management and resilience despite fluctuating oil prices and demand. The company’s total assets amounted to USD 20.31 million by the end of 2023, with owner’s equity at USD 7.98 million and a net worth of USD 5.29 million, marking a 12.15% growth in equity over the year.

PETROLIMEX BARIAVUNGTAU CO., LTD is capitalized at USD 7.57 million, fully paid-up as of 2023. Its parent company, Vietnam National Petroleum Group (Petrolimex), holds 100% ownership, ensuring strategic alignment with the broader objectives of national fuel security and energy distribution.

With its solid backing, wide service offerings, and prime coastal location, PETROLIMEX BARIAVUNGTAU CO., LTD is a cornerstone in Vietnam’s fuel logistics infrastructure. It continues to be instrumental in supporting economic and industrial development in one of the country’s most dynamic coastal provinces. For stakeholders and potential partners seeking reliable insight and risk intelligence on major Vietnamese enterprises, VANGUARD BUSINESS INFORMATION LLC (VBI) provides verified business information, credit analysis, and in-depth company profiles.