PETROLIMEX PHUTHO CO., LTD

PETROLIMEX PHUTHO CO., LTD (CÔNG TY XĂNG DẦU PHÚ THỌ) is a key regional subsidiary of the state-affiliated Vietnam National Petroleum Group, operating under Business ID 2600108866. Established on July 13, 2010, the company is headquartered at No. 2470, Hung Vuong Avenue, Van Co Ward, Viet Tri City, Phu Tho Province, Vietnam, and operates as a one-member limited liability company. With over 14 years of active operation, PETROLIMEX PHUTHO CO., LTD plays a crucial role in petroleum distribution throughout northern Vietnam, especially in Phu Tho, Yen Bai, and Hoa Binh provinces.

The company is led by Le V. D., who serves as Chairman cum Director. Under his leadership, PETROLIMEX PHUTHO CO., LTD has expanded its retail and wholesale petroleum operations across multiple provinces. The firm has a charter capital of USD 2.99 million, fully paid as of December 31, 2023, and employs a workforce of 347 people. Its operational scope is supported by a regional branch network that facilitates wide market access.

In 2023, PETROLIMEX PHUTHO CO., LTD recorded total sales of USD 162.54 million, representing a 9.53% decrease from the previous year. Despite this decline in revenue, the company achieved a 407.63% increase in net profit, reaching USD 982,136. At the same time, owner’s equity grew by 27.82%, totaling USD 3.98 million, indicating significant improvements in profitability and capital strength. Total assets were reported at USD 9.28 million, though the company faced a working capital deficit of USD -2.55 million, which may pose liquidity concerns and calls for prudent financial oversight.

The core business of PETROLIMEX PHUTHO CO., LTD is the trading of petroleum and gas. Additionally, it is engaged in the distribution of PJICO insurance, paint, Jana-brand detergents, and various household goods. The company’s registered business activities extend to warehousing and storage, freight transport, maintenance of vehicles, trading of machinery and metal products, and property leasing. Such diversification enables the company to maintain operational flexibility and navigate economic fluctuations across different sectors.

Due to its capital structure, regional influence, and financial fluctuations, any party considering partnerships or credit arrangements with PETROLIMEX PHUTHO CO., LTD should undertake thorough business risk management, including access to independent business verification, credit analysis, and private financial reporting. These risk intelligence services are essential for understanding the true financial position and operational risks of this important player in Vietnam’s petroleum supply chain.