PETROLIMEX CHEMICALS COMPANY LIMITED

Explore the Complex Chemistry Behind PETROLIMEX CHEMICALS COMPANY LIMITED: A Key Player in Vietnam’s Petroleum-Based Chemical Supply Chain

PETROLIMEX CHEMICALS COMPANY LIMITED (Vietnamese: CÔNG TY TNHH HÓA CHẤT PETROLIMEX) is more than just a wholesaler—it is a strategic supplier of chemicals and solvents essential to Vietnam’s petroleum, industrial, and agricultural sectors. Established on January 5, 2006, and operating under Business ID 0108241378, the company is wholly owned by Petrolimex Petrochemical Corporation - JSC, part of the state-owned Petrolimex Group—one of Vietnam’s most prominent energy conglomerates

Headquartered on the 19th floor of No. 229 Tay Son, Hanoi, and with distribution warehouses in Hai Phong and Ho Chi Minh City, PETROLIMEX CHEMICALS ensures nationwide coverage for products like solvents, industrial chemicals, and additives used in paint, glue, pesticides, and petroleum refining.

📊 Financial Overview: Sales Rise Despite Profit Losses

In 2023, the company achieved USD 121.35 million in sales, marking a 7.83% increase from the previous year—an impressive recovery after a slight dip in 2022. However, profitability remains a challenge, with net losses of USD 268,633—a much smaller loss than in 2022, but still indicating pressure on margins or increasing operational costs.

Total assets declined by 9.59%, dropping to USD 59.39 million, while equity decreased modestly by 2.63%. Working capital remained tight at just USD 104,030, which may raise questions about liquidity and short-term financial flexibility.

These figures reflect a company navigating between strong top-line growth and backend financial optimization. The 2023 performance is a marked improvement from 2022’s heavier losses, showing signs of recovery, but the profitability gap still needs to be addressed in future quarters.

🔍 Why PETROLIMEX CHEMICALS Deserves Your Attention

• Backed by a national brand: As a subsidiary of Petrolimex Petrochemical Corporation, the company benefits from access to supply chains, infrastructure, and institutional contracts.

• Serving multiple sectors: From energy to agriculture to construction, the demand for solvents and specialty chemicals is expanding as Vietnam’s industrial base grows.

• Nationwide reach: North and South Vietnam Warehouses help facilitate fast delivery and logistics support across key regions.

💡 Whether you're an investor researching state-affiliated enterprises, a manufacturer needing a reliable solvent supply, or a logistics provider assessing potential partners—PETROLIMEX CHEMICALS CO., LTD. should be on your radar.

To learn more about this company's ownership structure, credit risk, and financial trajectory, visit VNBIS.COM and download the full company report.