PETROLIMEX LAOCAI CO.,LTD

PETROLIMEX LAOCAI CO., LTD is one of the key fuel retail and petroleum distribution enterprises in Lao Cai Province, and for more than 15 years PETROLIMEX LAOCAI CO., LTD has played an important role in supplying gasoline and automotive fuel to the northern border region of Vietnam. Headquartered on Hoang Lien Street in Lao Cai City, the company operates within the nationwide Petrolimex system and serves both urban demand and cross border logistics activity.

Leadership and State Linked Ownership Structure

The company is led by President Duong T. D. and operates as a one member limited liability company under full ownership of Vietnam National Petroleum Group. As a Petrolimex subsidiary, PETROLIMEX LAOCAI CO., LTD follows centralized governance, pricing policies and strict regulatory compliance standards typical of the national fuel distribution system. With nearly 200 employees, the company represents a stable regional operating unit rather than a speculative commercial venture.

Core Business in Fuel Retail and Automotive Petroleum Supply

PETROLIMEX LAOCAI CO., LTD specializes in the retail sale of automotive fuel through specialized fuel stations across Lao Cai Province. Its operations directly support local transportation, mining activity, construction projects and cross border goods movement with China. As fuel retail is a tightly regulated industry in Vietnam, the company operates under national pricing mechanisms and strict safety and environmental standards.

Business Scale With a Clear Market Signal

In 2023, PETROLIMEX LAOCAI CO., LTD generated revenue of about $73.9 million. Compared to the previous year, revenue declined, reflecting fluctuations in fuel consumption and regulated price adjustments in the northern mountainous region. Despite this decline, the company continues to operate at a large commercial scale for a provincial fuel retailer.

Operational Environment and Business Conditions

Fuel retail businesses depend heavily on inventory management, safety compliance and stable cash flow from daily transactions. PETROLIMEX LAOCAI CO., LTD operates in a region where seasonal tourism, mining activity and border trade directly influence fuel demand. As part of the Petrolimex system, the company benefits from centralized procurement and national brand credibility, while also carrying the financial discipline required of a state linked enterprise.

Why This Company Attracts Attention From Buyers and Partners

PETROLIMEX LAOCAI CO., LTD stands out for its long operating history, strong brand association with Petrolimex and its vital role in regional energy supply. For suppliers, institutional buyers and financial partners, key points of interest include payment discipline, inventory turnover, regulatory compliance and how the company manages demand shifts in a border province economy.

VNBIS Perspective and Why the Full Report Matters

This public overview is designed to give readers a practical understanding of PETROLIMEX LAOCAI CO., LTD without disclosing sensitive financial details. The full VNBIS Company Comprehensive Report provides verified insight into ownership structure, detailed financial performance, solvency strength, payment behavior and operational risk indicators. For banks, investors, suppliers and international partners who require deeper due diligence before cooperation, THE FULL VNBIS REPORT IS AVAILABLE AT www.vnbis.com