PETROLIMEX HATINH CO.,LTD

PETROLIMEX HATINH CO., LTD is a strategically significant regional subsidiary of the Vietnam National Petroleum Group, operating under Business ID 3001278620. Officially registered on July 1, 2010, the company has been in operation for over 14 years, with its headquarters located at 29 Tran Phu Street, Tran Phu Ward, Ha Tinh City, Ha Tinh Province, Vietnam. It functions as a one-member limited liability company, with 100% ownership held by VIETNAM NATIONAL PETROLEUM GROUP.

As of the end of 2023, the company employed approximately 400 staff, reflecting its operational scale and regional footprint. The legal representative and current Chairman cum Director is Tran D. H., a Vietnamese national, who has overseen the company's evolving role in Vietnam’s fuel supply chain, focusing primarily on wholesale and retail petroleum distribution, lubricant sales, LPG trade, and insurance services through PJICO.

Financially, PETROLIMEX HATINH experienced a robust turnaround in 2023. Despite a modest 0.63% growth in total assets to USD 13.53 million, and a 7.04% decline in total sales to USD 163.05 million, the company saw a dramatic improvement in profitability. Its net profit increased by 411.67%, reaching USD 1.03 million, while owner’s equity nearly doubled from USD 3.48 million in 2022 to USD 6.30 million in 2023. This recovery highlights effective cost controls and a resilient business model, despite a slight revenue contraction.

However, the company’s working capital remains in negative territory, at USD -4.52 million, which may pose liquidity challenges if not carefully managed. This financial imbalance highlights the importance of ongoing business risk management, particularly in a commodity-driven sector where margins are volatile and capital requirements are substantial.

PETROLIMEX HATINH’s registered activities span not only fuel distribution but also household goods trading, construction materials, freight transport, warehousing, gas production, and even beverage retail. Such diversification helps absorb market shocks but also demands rigorous oversight to manage risk exposures across multiple verticals.

For institutions, suppliers, and investors evaluating potential cooperation with PETROLIMEX HATINH, it is advisable to consult independent business verification services, financial due diligence, and private company risk intelligence solutions. This ensures a clear view of the company’s creditworthiness, operational risks, and corporate governance practices. Services offered by reliable intelligence providers can support sound decision-making and protect against unforeseen liabilities in Vietnam’s fast-moving fuel and logistics sectors.