PETROVIETNAM OIL VUNG TAU JOINT STOCK COMPANY

PETROVIETNAM OIL VUNG TAU JOINT STOCK COMPANY: Key Information and Financial Overview

PETROVIETNAM OIL VUNG TAU JOINT STOCK COMPANY (short name: PV OIL VUNG TAU) is a prominent player in Vietnam’s fuel distribution sector. Specializing in the wholesale of solid, liquid, and gaseous fuels and related products, the company has established itself as a vital part of the national petroleum supply chain.

Legal Status and Company Profile

• Company Name: PETROVIETNAM OIL VUNG TAU JOINT STOCK COMPANY

• Vietnamese Name: CÔNG TY CỔ PHẦN XĂNG DẦU DẦU KHÍ VŨNG TÀU

• Business ID / Tax Code (TIN): 3501740836

• Date of Incorporation: November 30, 2010

• Business Type: Joint Stock Company

• Charter Capital: USD 4.93 million

• Paid-up Capital (as of Dec 31, 2023): USD 4.93 million

• Place of Registration: Department of Planning and Investment of Ba Ria - Vung Tau

• Number of Employees: 294

• Headquarters: No. 54A, 30/4 Street, Thang Nhat Ward, Vung Tau City, Ba Ria - Vung Tau Province, Vietnam

Key Personnel

The company is led by Mr. Trinh Xuan Binh, who serves as the Director. He is a Vietnamese national and can be contacted via the office line at (84-254) 3839 390.

Shareholding Structure

The company’s ownership is primarily held by:

• PetroVietnam Oil Corporation: 57.18%

• Southeast Asia Commercial Joint Stock Bank: 8.33%

Financial Highlights (USD, FY Ending Dec 31, 2023)

• Total Sales: $268.62 million (↑ 1.76% YoY)

• Total Assets: $18.88 million (↓ 11.39% YoY)

• Owner’s Equity: $8.88 million (↑ 4.84% YoY)

• Net Profit: $548,635 (↑ 211.42% YoY)

• Working Capital: $724,818

• Net Worth: $3.02 million

Over the past three years, PV OIL VUNG TAU has demonstrated resilience in sales growth, especially in 2022, which saw a dramatic 106.46% increase. The company's profitability rebounded strongly in 2023, with over a 211% increase in profit compared to the previous year.

Conclusion

With over 14 years of operational history, PETROVIETNAM OIL VUNG TAU JOINT STOCK COMPANY remains a strategic subsidiary of the PetroVietnam Oil ecosystem. Its solid financial foundation, experienced leadership, and core focus on fuel distribution make it a reliable contributor to Vietnam’s energy sector. Businesses looking for verified company information and in-depth financial data on fuel suppliers in Vietnam can rely on VANGUARD BUSINESS INFORMATION LLC (VBI) for accurate and comprehensive reporting.