PETROLIMEX HUE CO., LTD.

PETROLIMEX HUE CO., LTD. is a prominent state-invested enterprise operating in the retail fuel sector in central Vietnam. Established on July 15, 2010, and registered under Business ID 3300100988, the company is headquartered at 48 Hung Vuong, Phu Nhuan Ward, Hue City. It operates as a one-member limited liability company owned by Vietnam National Petroleum Group (Petrolimex)—a major state-owned petroleum conglomerate.

With over 15 years of experience in retail fuel distribution, PETROLIMEX HUE CO., LTD. has built a strong retail network and is a key player in ensuring fuel supply across the Thua Thien Hue province. The company focuses on selling automotive fuels through its chain of specialized stores. It is crucial in stabilizing fuel prices and ensuring supply for urban and rural areas.

The company is currently led by Mr. Nguyen K. P. D., who holds the position of President. Under his leadership, the company has shown resilience through market fluctuations and continues to align with national energy security goals.

As of year-end 2023, the company reported notable improvements in several key financial metrics. Total assets reached USD 14 million, while owner's equity rose significantly to USD 10.75 million. Sales revenue totaled USD 128.94 million, and net profit stood at USD 684,883, signaling a strong recovery from the previous year’s downturn. The increase in working capital and equity reflects a more stable financial structure heading into future operations.

However, full financial performance details—including projections and 2024 data—are only available in the report.

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