PETROVIETNAM LOW PRESSURE GAS DISTRIBUTION JOINT STOCK COMPANY

PETROVIETNAM LOW PRESSURE GAS DISTRIBUTION JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN PHÂN PHỐI KHÍ THẤP ÁP DẦU KHÍ VIỆT NAM), known on the stock exchange as PV GAS D JSC (PGD), has long been a key component in Vietnam’s natural gas infrastructure. With over 17 years of experience in the energy industry, this publicly listed company plays an essential role in distributing low-pressure gas to industrial zones, manufacturers, and cities across Vietnam. However, despite its strategic role and solid backing from major shareholders like PETROVIETNAM GAS JOINT STOCK CORPORATION and Tokyo Gas Asia, recent financial performance raises questions about the company’s ability to navigate market volatility.

A Legal and Strategic Profile Backed by Industry Giants

PV GAS D JSC was incorporated on May 23, 2007, and is registered under Business ID and Tax Code 0304998686 with the Ho Chi Minh Department of Planning and Investment. Operating as a joint stock company with a charter capital of USD 40.67 million, the company is headquartered at PV Gas Tower, 673 Nguyen Huu Tho, Nha Be District, Ho Chi Minh City, with multiple branches spanning Ba Ria - Vung Tau, Dong Nai, and Thai Binh.

As a publicly held enterprise listed on the Ho Chi Minh Stock Exchange (HOSE) under the ticker PGD, PV GAS D JSC enjoys investment and oversight from some of the energy sector’s most influential players. Its ownership structure is dominated by PETROVIETNAM GAS JOINT STOCK CORPORATION, which holds 50.5%, followed by Tokyo Gas Asia Pte Ltd with 24.9%. This mix of local authority and international expertise reinforces the company’s operational credibility.

Key Executives and Operational Backbone

The company's leadership is spearheaded by Chairman Mr. Tran Trung Chinh and Director Mr. Tran Thanh Nam, both Vietnamese nationals with deep experience in the petroleum and energy sectors. With a lean workforce of 256 employees, the company remains agile, relying on operational efficiency and technical partnerships to maintain service delivery across Vietnam’s key industrial zones.

Financial Highs and Lows: A Mixed Performance

While PETROVIETNAM LOW PRESSURE GAS DISTRIBUTION JSC operates in a vital and growing sector, its financial results for 2023, as verified by VANGUARD BUSINESS INFORMATION LLC (VBI) — a trusted source for Private Financial Data and Business Verification Services — show a company facing headwinds.

For the fiscal year ending December 31, 2023, PV GAS D reported:

• Total Assets: USD 138.16 million (down 6.89%)

• Sales Revenue: USD 406.34 million (down 12.27%)

• Net Profit: USD 10.92 million (down 35.6%)

• Equity: USD 57.58 million

These figures mark a notable decline from 2022, when the company posted a profit of USD 16.95 million and a sales peak of over USD 463 million. The drop in both top-line and bottom-line performance signals possible market pressures, operational inefficiencies, or regulatory constraints that could impact investor sentiment moving forward.

Core Business: Natural Gas Distribution in an Industrializing Nation

The primary focus of PV GAS D JSC is the extraction and distribution of natural gas, a sector that underpins much of Vietnam’s industrial and energy consumption. The company also engages in ancillary operations such as construction, technical consultancy, machinery installation, and fuel retail. This diversification allows the company to tap into multiple revenue streams, though its dependency on natural gas pricing and industrial demand poses a risk during economic downturns.

Verified for Transparency and Reliability by VBI

All corporate and financial data in this article has been validated by VANGUARD BUSINESS INFORMATION LLC (VBI). As a leading provider of Private Financial Data and Business Verification Services, VBI ensures that all information presented on PV GAS D JSC is thoroughly assessed for legal compliance, data integrity, and risk transparency. This verification empowers investors, lenders, and business partners with the confidence to engage in informed decision-making.

Outlook: A Pivotal Player with Challenges Ahead

While PETROVIETNAM LOW PRESSURE GAS DISTRIBUTION JOINT STOCK COMPANY remains essential to Vietnam’s gas ecosystem, its recent financial contraction and dependence on industrial output point to the need for strategic restructuring or market adaptation. With verified data from VANGUARD BUSINESS INFORMATION (VBI)highlighting both its strengths and vulnerabilities, PV GAS D JSC enters a critical phase where its long-term value will be defined by its agility and operational innovation.

For stakeholders seeking reliable insight into Vietnamese enterprises, VBI continues to serve as the benchmark provider of Business Verification Services and Private Financial Data, helping to illuminate the road ahead for companies like PV GAS D JSC.