PETROLIMEX PETROCHEMICAL CORPORATION - JSC

PETROLIMEX PETROCHEMICAL CORPORATION - JSC (TỔNG CÔNG TY HÓA DẦU PETROLIMEX - CTCP) continues to assert its presence as a leading manufacturer and distributor of petroleum-based products in Vietnam. Founded on February 18, 2004, and registered under Tax Identification Number 0101463614, the company has grown into one of the most important subsidiaries within the Petrolimex ecosystem. Its headquarters occupies the 18th and 19th floors of No. 229 Tay Son Street in Hanoi’s Dong Da District, from which it coordinates a national operation that spans offices in Da Nang, Ho Chi Minh City, and Can Tho.

Operating under the stock symbol PLC on the Hanoi Stock Exchange (HNX), PETROLIMEX PETROCHEMICAL CORPORATION - JSC is a publicly held joint stock company, with Vietnam National Petroleum Group retaining a controlling 79.07% stake. The company employs 766 workers and is helmed by Chairman Mr. Do Huu Tao, with operational leadership provided by General Director Mr. Le Quang Tuan.

The company’s core business includes manufacturing lubricants, distributing asphalt and other petrochemical products, trading in materials and equipment for the petroleum industry, and providing services such as warehousing, transportation, and technical petrochemical testing. This integrated model gives the company strong control over its supply chain and value-added services.

Despite market pressures in 2023, PETROLIMEX PETROCHEMICAL CORPORATION - JSC generated USD 327.05 million in revenue, a slight drop of 7.44% from the previous year. However, the company still maintained profitability with a net profit of USD 4.43 million, even though that figure represented a 7.88% decrease year-over-year. Total assets decreased to USD 174.6 million, while equity improved to USD 54.2 million, reflecting cautious financial management and an effective capital structure. The company’s charter capital remains at USD 33.19 million, fully paid-in, reinforcing a sound legal and financial foundation.

Over its 21-year history, PETROLIMEX PETROCHEMICAL CORPORATION - JSC has built trust with both domestic and international partners, becoming a central supplier for Vietnam’s industrial and transportation sectors. With a wide-reaching logistics footprint, proprietary technologies in lubricant manufacturing, and support from Petrolimex’s national infrastructure, the company is well-positioned to adapt to shifts in energy demand, environmental standards, and regional competition.

For stakeholders looking to evaluate the reliability, transparency, and creditworthiness of businesses like PETROLIMEX PETROCHEMICAL CORPORATION - JSC, Vanguard Business Information LLC (VBI) offers deep-dive company reports. These reports feature verified financial statements, risk assessments, and ownership disclosures that help credit insurers, investors, and partners make confident decisions in complex markets.

As Vietnam pushes for industrial modernization and energy diversification, PETROLIMEX PETROCHEMICAL CORPORATION - JSC stands out as a strategic force, driving the evolution of the country’s petrochemical supply chain.