AN GIANG PETROLEUM ONE MEMBER COMPANY LIMITED

AN GIANG PETROLEUM ONE MEMBER COMPANY LIMITED operates under the Vietnamese name CÔNG TY TNHH MỘT THÀNH VIÊN XĂNG DẦU AN GIANG (short name PETROLIMEX ANGIANG). It is a state-owned fuel distributor in Vietnam’s Mekong Delta. The company was registered on 09 July 2010, has over 15 years of operating history, and remains active. Its Business ID / Tax Identification Number (TIN) is 1600184590. The head office is located at No. 1602 Tran Hung Dao Street, Group 72, Dong Thinh 5 Hamlet, My Phuoc Ward, Long Xuyen City, An Giang Province, Vietnam. 

The company’s core business is the wholesale of gasoline, diesel, gas, and lubricants, serving both commercial and retail demand across An Giang Province. Beyond fuel trading, its registered activities include warehousing and storage, road and inland waterways freight transport, vehicle maintenance, insurance agency services, and selective trading in construction materials and consumer goods. Operationally, PETROLIMEX ANGIANG maintains branches and retail fuel outlets within the province, ensuring coverage along key transport corridors and border-adjacent trade routes.

From a financial perspective, 2023 reflected resilient profitability despite softer revenue. Total assets increased to USD 5.97 million (+6.97% YoY), while sales declined to USD 86.45 million (–11.55% YoY) following an exceptionally strong 2022. Notably, profit after tax rose sharply to USD 348,283, up 154.4% year on year, supported by improved cost control and operating efficiency. Owner’s equity strengthened to USD 2.36 million (+21.72% YoY). However, working capital remained negative at USD –1.96 million, indicating ongoing reliance on short-term financing typical of fuel distribution businesses with high turnover and regulated pricing.

In terms of governance, the company is led by Chairman cum Director Hong P., and employs approximately 45 staff. PETROLIMEX ANGIANG is 100% owned by Vietnam National Petroleum Group (Petrolimex), aligning it with the country’s largest downstream petroleum network and providing institutional backing.

Overall, AN GIANG PETROLEUM ONE MEMBER COMPANY LIMITED represents a stable provincial fuel distributor with improving profitability and solid shareholder support, while its negative working capital underscores the importance of disciplined cash-flow and inventory management in Vietnam’s regulated fuel market.