TOTALENERGIES LPG VIETNAM COMPANY LIMITED

TOTALENERGIES LPG VIETNAM COMPANY LIMITED (CÔNG TY TNHH TOTALENERGIES LPG VIỆT NAM) is a foreign-invested enterprise that has operated in Vietnam’s energy sector for more than sixteen years. Established on April 24, 2009, under Business ID 0300813616, the company is headquartered in Quarter 5, Tan Thuan Ward, Ho Chi Minh City, with additional branches in Hanoi and Dong Nai Province. It operates as a wholly owned subsidiary of Total Holdings Asia (France) and plays a key role in Vietnam’s liquefied petroleum gas (LPG) distribution network.

A Key Player in Vietnam’s LPG Market

TOTALENERGIES LPG Vietnam (TELPGV) is one of the leading suppliers of LPG and related energy products, serving industrial and household clients nationwide. The company’s core activities include wholesale and retailing solid, liquid, and gaseous fuels, particularly LPG, and selling household equipment, industrial gas systems, and construction installation services. Its long-standing presence reflects the French parent company’s strategic investment in Vietnam’s energy infrastructure, which focuses on safety, sustainability, and clean energy solutions.

Leadership and Organization

The company is led by Mr. Asif I., a Pakistani national who serves as General Director, supported by Ms. Nguyen T. A. D., Chief Accountant. The leadership team oversees approximately 380 employees, ensuring adherence to international standards and local operational regulations. The company’s offices and branches in major cities enable nationwide distribution and customer service coverage, strengthening its brand reliability.

Financial Overview and Market Performance

As of the fiscal year ending December 31, 2023, TOTALENERGIES LPG Vietnam recorded total assets of USD 48.38 million, representing a 6.41 percent increase from 2022, and owner’s equity of USD 17.68 million, up 0.81 percent year-on-year. Although sales fell by 20.21 percent to USD 96.32 million, the company improved its profit by 5.93 percent, reaching USD 2.53 million, suggesting effective cost management amid a challenging energy market.

Working capital rose to USD 2.99 million, an increase of 56.47 percent, signaling a stronger liquidity position. The company’s ability to sustain profitability while managing declining sales highlights prudent financial governance and adaptability to fluctuating market demand, particularly within the petroleum and LPG segments.

Strategic Position and Outlook

As part of the global TotalEnergies Group, TOTALENERGIES LPG Vietnam benefits from advanced technology, safety standards, and a stable supply chain. Its 100 percent foreign ownership allows it to leverage international expertise in energy management while contributing to Vietnam’s growing clean fuel transition. Despite recent volatility in oil and gas prices, the company remains financially stable, maintaining moderate profit margins and a robust capital base.

Looking ahead, TOTALENERGIES LPG Vietnam is expected to continue its strategic focus on expanding LPG distribution, developing environmentally responsible energy solutions, and improving service efficiency. Supported by its parent group’s global strength and steady financial foundation, the company stands as one of Vietnam’s most credible foreign-invested enterprises in the energy sector — combining operational integrity, technological advancement, and long-term commitment to sustainable growth.