PV OIL MIEN TRUNG JOINT STOCK COMPANY

PV OIL MIEN TRUNG JOINT STOCK COMPANY (CÔNG TY CP XĂNG DẦU DẦU KHÍ PV OIL MIỀN TRUNG): A Stable Regional Fuel Distributor with Quiet Resilience

PV OIL MIEN TRUNG JOINT STOCK COMPANY, business registration number 4300603574, is a mid-sized regional fuel wholesaler based in Da Nang City, Vietnam. With over 13 years in operation since its incorporation in 2011, the company plays a vital role in the petroleum supply chain across the central provinces, including Quang Nam, Gia Lai, and Kon Tum. Its operations are anchored by PetroVietnam Oil Corporation (PVOIL), which owns a controlling 72.29% stake.

At first glance, PV OIL MIEN TRUNG appears to be a quiet, dependable operator—less flashy than national fuel giants, yet well-positioned in a critical market geography. The company maintains a focused line of business: wholesale of solid, liquid, and gaseous fuels, with stable operations across central Vietnam.

Financials: Quiet Strength, Measured Recovery

In 2023, PV OIL MIEN TRUNG reported revenue of USD 301.72 million, up modestly by 1.83% from the previous year. While sales growth has slowed compared to the dramatic 109.6% surge in 2022 (likely driven by post-COVID supply normalization), what’s notable is the recovery in net profit, which jumped from a meager USD 19,883 in 2022 to USD 641,624—an increase of more than 3,100%.

Assets increased by 13% to USD 23.67 million, and owner’s equity rose 6.22%, landing at USD 10.89 million. Importantly, working capital remained positive at USD 2.46 million, signaling that the company is well-managed in terms of short-term liquidity and doesn’t appear overly reliant on external credit or short-term liabilities.

In an industry where price fluctuations, regulatory bottlenecks, and geopolitical tensions frequently upend profit margins, PV OIL MIEN TRUNG’s steady performance offers a sense of calm continuity.

Leadership and Shareholding Structure

Mr. Nguyen Hoang Phuc serves as Director and manages a relatively lean team of 160 employees, distributed across regional branches. As a subsidiary of PVOIL, the company benefits from shared supply chains, centralized procurement, and compliance frameworks—a key strength when navigating the tightly controlled Vietnamese fuel sector.

The remaining shareholders include The Song Trà Petroleum-Trading Joint Stock Company and Modern Bank of Vietnam, though each holds only 1%. This structure makes the company a functionally state-directed entity with clear strategic alignment.

Strategic Outlook: Not Glamorous, but Reliable

While PV OIL MIEN TRUNG may not grab headlines or post explosive growth, it’s important to understand its role as a regional backbone for Vietnam’s petroleum distribution. Serving less urbanized but rapidly developing regions like Kon Tum and Gia Lai, the company provides reliable energy supply essential to transport, agriculture, and rural infrastructure.

It should be noted that profitability, while improving, remains modest—a reflection of the inherently thin margins and regulated pricing mechanisms in the fuel trade. But this is not a company built for investor speculation; it’s built for operational stability, and it’s performing that role well.

A Trusted Name—Verified by VBI

In evaluating regional enterprises like PV OIL MIEN TRUNG, especially those with state connections and moderate transparency, third-party verification becomes indispensable. VANGUARD BUSINESS INFORMATION LLC (VBI)offers exactly that. Through detailed reports that assess capital structure, ownership transparency, liquidity, and growth sustainability, VBI enables business partners, suppliers, and credit institutions to work with PV OIL MIEN TRUNG with confidence.

Conclusion

PV OIL MIEN TRUNG JOINT STOCK COMPANY is not a high-growth unicorn—but it is a vital and disciplined operator within Vietnam’s national fuel framework. Backed by PVOIL, improving in profitability, and firmly rooted in central Vietnam, it delivers operational reliability in a volatile sector. As Vietnam continues to modernize its energy distribution system, companies like PV OIL MIEN TRUNG—stable, strategic, and quietly improving—will remain essential players.