PETROLIMEX QUANG BINH CO., LTD

PETROLIMEX QUANG BINH CO., LTD (CÔNG TY XĂNG DẦU QUẢNG BÌNH) is a provincial-level fuel distribution enterprise operating under the Petrolimex system, serving retail fuel demand across Quang Binh Province. Established in July 2010 and headquartered in Dong Hoi City, the company operates as a limited liability company with  Tax Identification Number (TIN) 3100105749, reflecting its formal registration and compliance with Vietnam’s regulated petroleum sector.

PETROLIMEX QUANG BINH CO., LTD specializes in the retail sale of automotive fuel through a network of specialized fuel stations. The company is wholly owned by Vietnam National Petroleum Group (Petrolimex), giving it strong institutional backing, stable supply sources, and brand credibility in a market that is tightly regulated and highly sensitive to pricing policy. Operational leadership is headed by President LE A. H., under a governance structure typical of Petrolimex’s provincial subsidiaries. With nearly 250 employees, the company plays a key role in ensuring fuel availability for transportation, commerce, and daily economic activity in the province.

From a financial perspective, PETROLIMEX QUANG BINH CO., LTD operates on a high-turnover, low-margin model characteristic of downstream fuel retailers. In 2023, total sales reached approximately USD 88.5 million, while total assets remained modest at around USD 6.6 million. Profit recovered to about USD 228 thousand, showing resilience after a weaker year, although working capital remained negative, indicating reliance on short-term liabilities and supplier credit to finance operations. Equity stood at roughly USD 2.65 million, broadly stable and aligned with its charter capital.

Overall, PETROLIMEX QUANG BINH CO., LTD represents a structurally critical but financially tight enterprise within Vietnam’s fuel distribution system. Its strong parent ownership and steady revenue base provide operational stability, while thin margins and negative working capital underline the importance of disciplined cash-flow management. For banks, suppliers, and business partners, verifying legal status, tax code, ownership structure, and financial trends—such as those available through detailed company intelligence products on VNBIS.com—is essential when assessing credit exposure and operational risk in the petroleum retail sector.