PETROLIMEX NAMDINH COMPANY LIMITED: Modest Profit in a Volatile Fuel Market

PETROLIMEX NAMDINH COMPANY LIMITED (CÔNG TY XĂNG DẦU HÀ NAM NINH), established in 2010 and headquartered at No. 143 Tran Nhan Tong, Nam Dinh City, operates as a wholly owned subsidiary of the Vietnam National Petroleum Group. Registered under business ID and tax code 0600018898, this one-member limited liability company plays a key role in distributing automotive fuel across Nam Dinh, Ha Nam, and Ninh Binh provinces.

Chaired and directed by Mr. Luu Dao Nguyen, PETROLIMEX NAMDINH COMPANY LIMITED manages a workforce of nearly 700 employees and has consistently expanded its asset base, which reached USD 13.39 million in 2023. Although revenue dropped 17.28% to USD 205.25 million from a peak in 2022, the company still managed to increase profit modestly to USD 103,449—up 7.77% year-over-year. Equity also jumped significantly by 32.47%, reaching USD 6.2 million, a positive sign of retained earnings and reinvestment.

However, the company’s working capital position remains negative at USD -857,234, indicating liquidity constraints that could impact daily operations. The decline in sales after a surge in 2022 reflects market volatility and possibly shifting retail dynamics within Vietnam's fuel industry.

With a solid backing from Petrolimex Group and diversified activities including paint and insurance distribution, PETROLIMEX NAMDINH COMPANY LIMITED is well-positioned for long-term operations—but to thrive, it must focus on margin optimization and cash flow stabilization.

For investors, suppliers, and financial institutions seeking risk assessment or business verification, VANGUARD BUSINESS INFORMATION LLC offers comprehensive insights into the financial integrity and operational resilience of PETROLIMEX NAMDINH COMPANY LIMITED and similar enterprises across Vietnam.