SAO VIET PETROL TRANSPORTATION COMPANY LIMITED

SAO VIET PETROL TRANSPORTATION COMPANY LIMITED (Công ty TNHH Vận tải Dầu khí Sao Việt) has quickly risen to prominence in Vietnam’s maritime petroleum logistics industry. Established in 2020 and headquartered in Ha Noi, the company focuses primarily on crude oil transportation by sea, supported by a vast network of petroleum-related services and industrial activities.

Impressive Revenue and Equity Growth

In recent years, Sao Viet Petrol has shown strong financial momentum. Revenue reached nearly USD 94 million in 2023, up from USD 85 million in 2022. Equity also expanded significantly, demonstrating strengthened capitalization and investor confidence. Profitability improved at a healthy pace, underscoring better asset utilization and more efficient operations.

However, the company currently operates with negative working capital, signaling short-term liquidity pressures that should be monitored closely—especially in a capital-intensive sector where vessel operations, repair costs, and fuel expenses can fluctuate sharply.

Strategic Assets and Operational Scale

With total assets exceeding USD 124 million and a workforce of around 200 employees, Sao Viet Petrol maintains a medium-scale but specialized structure designed to serve Vietnam’s growing energy supply chain. Its licensing portfolio includes petroleum support services, shipbuilding, machinery repair, gas production and distribution, and construction, suggesting long-term plans for vertical integration.

Leadership and Ownership

The company is led by Ngo Q. T., serving as Director. Ownership is dominated by Ha Trang Petrol Transportation Co., Ltd., with a 99% stake, while the Director holds the remaining 1%. This structure places Sao Viet Petrol within a broader petroleum-related corporate ecosystem, enhancing its access to industry resources and networks.

A Company with Strong Potential — and Risks to Watch

Sao Viet Petrol stands out as a fast-expanding competitor in Vietnam’s maritime oil-transport market. Its strong revenue growth and rising equity reflect improved positioning in an industry driven by national energy demand. Still, the company’s liquidity stress and broad licensing activity point to areas requiring deeper analysis.

For readers, investors, or potential partners who need the most updated, detailed financials and risk assessments, the whole company report is available on VNBIS.com, providing a professional evaluation of credit risk, operational reliability, and long-term business stability.