THANH LE CORPORATION

The subject has existed in the market for 33 years. Based on our source, it was ranked at seventh position in the top 10 companies in the same industry. We can see that it has built relationships with suppliers. For example, in 2020, the company's raw material sources included 15% of imports (i.e., it built relationships with many suppliers in Asia such as Thailand, Singapore, China, South Korea, Japan... and therefore signed a long-term import contract in 2020) and 85% of domestic enterprises (Dung Quat and Nghi Son oil refineries).

After an equitization, the People's Committee of Binh Duong province’s ownership ratio reduced from 100% to 36% in 2018. This current ratio expected to be remained by 2025. The reasons for this equitization is to restructure enterprises according to fields and industries without the need for the state to hold a controlling shares; to recover state capital and to attract capital from other investors.

The medium and long-term development strategy is to expand distribution channels; to develop a network of branches and petroleum retail stores; and to diversify sales and payment methods. It is gradually reforming its structure, professionally managing and operating, implementing organization and operations according to the model of the parent company (an investment company) and the subsidiaries specialized in the right business lines of Thanh Le’s business).