SAIGON PETRO VIETNAM OIL JOINT STOCK COMPANY

SAIGON PETRO VIETNAM OIL JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN XĂNG DẦU DẦU KHÍ SÀI GÒN) is a registered joint stock company operating actively in Vietnam’s petroleum trade sector since December 4, 2010. With more than 14 years in the market, the company has developed into a significant regional distributor of petroleum and related energy products. It is headquartered on the 10th floor of Petroland Building, No. 12, Tan Trao Street, District 7, Ho Chi Minh City, Vietnam, and holds Business ID 0310496966.

The legal and operational oversight of SAIGON PETRO VIETNAM OIL JOINT STOCK COMPANY is under the directorship of Mr. Nguyen Quoc Cuong. The company is privately held and has a registered and paid-up capital of over USD 8.2 million. As of the end of 2023, the company employed 130 personnel and maintained branch operations in Ca Mau, Dong Nai, and Hau Giang provinces. Its primary business activities revolve around the wholesale trading of solid, liquid, and gaseous fuels, while also engaging in freight logistics, warehousing, and petroleum extraction support services.

In terms of ownership, the majority shareholder is PetroVietnam Oil Corporation, holding 66.05% of the equity. Other shareholders include Southeast Asia Commercial Joint Stock Bank (5%), Thu Duc Trading and Import Export Joint Stock Company (1.75%), and Materials Petroleum Joint Stock Company (1%). These shareholders reflect a strong industry-based ownership structure with links to both state-owned and private commercial sectors.

Financially, SAIGON PETRO VIETNAM OIL JOINT STOCK COMPANY reported total assets of USD 33.06 million and total revenue of USD 316.17 million in 2023. The company recorded a net profit of USD 307,796, a significant improvement of nearly 242% year-over-year. Growth was also seen in working capital, which rose to USD 417,758—an increase of over 470% from the previous year. Owner’s equity stood at USD 10.31 million, demonstrating a relatively stable capital base. These indicators suggest healthy liquidity management and improving profitability in a highly competitive and regulated sector.

Despite the capital-intensive nature of the petroleum trading industry, SAIGON PETRO VIETNAM OIL JOINT STOCK COMPANY has shown consistent growth in revenue and asset value over the past three years. This trend underscores its operational efficiency and its ability to adapt to volatile market conditions, particularly in energy pricing and logistics.

Clients and investors working with SAIGON PETRO VIETNAM OIL JOINT STOCK COMPANY are encouraged to conduct periodic due diligence and credit monitoring, especially given the fluctuating nature of the oil market. VANGUARD BUSINESS INFORMATION LLC (VBI) offers comprehensive verification services, including real-time financial insights, litigation checks, and shareholder validation, to support risk-informed business decisions in Vietnam’s vital fuel distribution sector.