PHU THO PETROVIETNAM OIL JOINT STOCK COMPANY

PHU THO PETROVIETNAM OIL JOINT STOCK COMPANY (Vietnamese name: CÔNG TY CỔ PHẦN XĂNG DẦU DẦU KHÍ PHÚ THỌ, short name: PV OIL PHU THO) is a key player in the petroleum trading sector in northern Vietnam. Legally registered as a joint stock company with Business ID and Tax Identification Number 0102421913, this enterprise is headquartered at Lot 3, Bach Hac Industrial Park, Bach Hac Ward, Viet Tri City, Phu Tho Province. The company has been in operation since November 2, 2007, and is officially licensed by the Phu Tho Department of Planning and Investment.

PHU THO PETROVIETNAM OIL operates as a privately held enterprise with a paid-up capital of USD 2.05 million as of December 31, 2023. The firm is under the direction of Mr. Luu C. N., a Vietnamese national, who currently serves as the Director. With over 100 employees, the company maintains a lean yet efficient structure to manage its petroleum distribution operations and real estate activities.

As a regional branch within the broader PetroVietnam Oil Corporation system, the company specializes in the wholesale of solid, liquid, and gaseous fuels and related products. In addition, it operates several support services such as leasing of the PVOIL office building, real estate development, vehicle leasing, courier activities, and inland freight transport. These activities reflect an expansive and diversified business portfolio beyond its core petroleum operations.

In terms of financial performance, PV OIL PHU THO has demonstrated notable growth in recent years. For the fiscal year ending December 31, 2023, the company reported total assets of USD 18.05 million, up by 45.67% year-over-year. Total equity stood at USD 1.76 million, a 51.84% increase, while net profit more than doubled to USD 600,218, reflecting strong operational recovery and efficiency. Despite a slight decline in sales of 0.36%, which totaled USD 142.31 million, the company's profit margin improvement suggests effective cost control and margin management. However, a working capital deficit of USD-3.76 million indicates that liquidity risk remains an issue requiring close monitoring, particularly relevant from a business verification and risk management service perspective.

The company's ownership is anchored by PETROVIETNAM OIL CORPORATION, which holds a majority stake of 71.68%, providing strong institutional backing and integration into Vietnam's national energy infrastructure. Other shareholders include VIETNAM WATER AND ENVIRONMENT INVESTMENT CORPORATION JSC (15%) and PETROWACO PROPERTY JOINT STOCK COMPANY (5%), both of which are based in Hanoi.

PHU THO PETROVIETNAM OIL maintains additional branch offices in Hanoi, Vinh Phuc, and Lao Cai, ensuring a broad regional presence across the northern provinces. This network supports the company’s logistics, distribution, and real estate services while enhancing its competitiveness in both public and private tenders.

For investors, suppliers, and regulatory agencies seeking business verification services and access to Vietnam private financial data, PHU THO PETROVIETNAM OIL represents a well-documented and institutionally supported entity. Its upward financial trend, strategic affiliations, and operational footprint position it as a trusted partner in Vietnam’s petroleum supply chain.

VANGUARD BUSINESS INFORMATION LLC (VBI), a leading provider of corporate intelligence and credit risk reports, continues to assess firms like PHU THO PETROVIETNAM OIL to deliver verified, actionable data to stakeholders navigating Vietnam’s dynamic business environment.