PROLooking for more than just a company report? Upgrade to Pro now

AREA 2 PETROLEUM COMPANY - ONE MEMBER LIMITED LIABILITY COMPANY

Active

Business ID 0300555450

84-28 / 3828 2081

AREA 2 PETROLEUM COMPANY - ONE MEMBER LIMITED LIABILITY COMPANY

Active

Business ID 0300555450

84-28 / 3828 2081

AREA 2 PETROLEUM COMPANY - ONE MEMBER LIMITED LIABILITY COMPANY

Active

Summary

Name:

AREA 2 PETROLEUM COMPANY - ONE MEMBER LIMITED LIABILITY COMPANY

Business ID (TIN):

0300555450

Date of Registration:

20 Jul 2010

Registered Office:

Ho Chi Minh Department of Planning and Investment

Address:

No. 15, Le Duan Street, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3828 2081

Fax:

(84-28) 3822 2082

Financial Statement:

2020, 2021, 2022, 2023, 2024

AREA 2 PETROLEUM COMPANY - ONE MEMBER LIMITED LIABILITY COMPANY (CÔNG TY XĂNG DẦU KHU VỰC II TNHH MỘT THÀNH VIÊN)

As analyzed by VANGUARD BUSINESS INFORMATION LLC (VBI), AREA 2 PETROLEUM COMPANY - ONE MEMBER LIMITED LIABILITY COMPANY is a privately held enterprise specializing in the wholesale of solid, liquid, and gaseous fuels and related products. Established on July 20, 2010, and registered under Business ID 0300555450, the company operates as a one-member limited liability company. It is headquartered at No. 15, Le Duan Street, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam, with branches and a factory in key locations within Ho Chi Minh City.

Corporate Structure and Business Operations

As reported in VBI’s corporate risk analysis, AREA 2 PETROLEUM COMPANY is fully owned by Vietnam National Petroleum Group, a major player in Vietnam’s energy and fuel distribution industry. Under the leadership of Director Pham Anh Tuan and Chairman of the Board Vo Van Tan, the company employs 2,000 workers, ensuring a strong operational presence in Vietnam’s fuel supply chain.

AREA 2 PETROLEUM COMPANY primarily engages in the wholesale trading of petroleum products, including:

Mogas 92 and Mogas 95 unleaded petrol for cars
Diesel oil (DO DO S 0.05% - 0.25% S)
Fuel furnace FO (180 cSt, 3.0% S; 380 cSt, 3.5% S), marine fuel oil
KO oil

The company plays a vital role in supplying fuel to industrial sectors, transportation networks, and commercial businesses, ensuring efficient fuel distribution across Vietnam’s economic hubs.

Financial Performance and Stability

According to VBI’s financial intelligence, AREA 2 PETROLEUM COMPANY reported total assets of USD 65.9 million as of December 31, 2023, reflecting a 14.96% year-over-year decline. Its total sales dropped significantly by 31.65%, reaching USD 850.18 million, signaling market challenges and fluctuating fuel demand.

Despite these setbacks, the company achieved a 124.75% increase in profit, reporting USD 5.25 million in 2023, compared to USD 2.33 million in 2022. This remarkable profit growth highlights effective financial risk management and operational cost efficiency, as observed in VBI’s industry benchmarking data. Furthermore, the company’s owner’s equity increased by 8.16%, ensuring financial resilience amid revenue declines.

Market Position and Strategic Importance

Based on VBI’s market intelligence, AREA 2 PETROLEUM COMPANY maintains a strategic foothold in Vietnam’s petroleum sector. Its parent company, Vietnam National Petroleum Group, provides financial backing and logistical support, reinforcing its competitive edge in the wholesale fuel market.

The company’s expansive distribution network, including warehousing facilities and specialized retail locations, ensures supply chain stability and market accessibility. As detailed in VBI’s business risk assessments, AREA 2 PETROLEUM COMPANY’s ability to navigate volatile global oil prices and domestic market fluctuations will be critical to its long-term growth.

Challenges and Future Outlook

As outlined in VBI’s risk intelligence reports, AREA 2 PETROLEUM COMPANY faces challenges related to fluctuating fuel prices, government regulations, and competition from emerging energy sources. However, its strong profit recovery in 2023, coupled with its strategic ownership structure, positions it well for future expansion and operational improvements.

To sustain financial stability and business growth, VBI recommends:

Enhancing fuel storage and logistics capacity to mitigate supply chain disruptions.
Diversifying into alternative energy products to align with Vietnam’s sustainability goals.
Strengthening digital infrastructure for fuel distribution management.

With continued operational efficiency and strategic market positioning, AREA 2 PETROLEUM COMPANY is set to remain a key player in Vietnam’s fuel distribution sector. VANGUARD BUSINESS INFORMATION LLC (VBI) will continue to monitor the company’s financial health, risk exposure, and competitive landscape, ensuring comprehensive insights for stakeholders and industry partners.

Legal Profile

English Name:

AREA 2 PETROLEUM COMPANY - ONE MEMBER LIMITED LIABILITY COMPANY

Vietnamese Name:

CÔNG TY XĂNG DẦU KHU VỰC II TNHH MỘT THÀNH VIÊN

Short Name:

Petrolimex Saigon

Business ID (TIN):

0300555450

Date of Registration:

20 Jul 2010

Registered Office:

Ho Chi Minh Department of Planning and Investment

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

+ PHAM A.T

+ VO V.T

Address:

No. 15, Le Duan Street, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3828 2081

Fax:

(84-28) 3822 2082

Factory Address:

Phu Xuan Commue, Nha Be District, Ho Chi Minh City, Vietnam

Branch:

98/14 Liên Tỉnh 5 P.Tân Thuận Tây, Lien Tinh 5, Ward Tan Thuan Tay, District 7, Ho Chi Minh City, Vietnam

Branch:

15, Le Duan, Ward Ben Nghe, District 1, Ho Chi Minh City, Vietnam

Branch:

Lot 41, Road 15B, Tan Duc Industrial Park, Duc Hoa District, Long An Province, Vietnam

Registration Address:

15 Le Duan, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

4661 Wholesale of solid, liquid and gaseous fuels and related products

NACE:

46.71 Wholesale of solid, liquid and gaseous fuels and related products

Industry Sales Growth

CAGR (2019 - 2023)

7.31%

YoY (2023)

-7.98%

Companies by industry

Company distribution and propportions

22,313

0.7675%

Key Industry Players

Top 10 companies in wholesale of solid, liquid and gaseous fuels and related products industry

vietnam national petroleum group petrovietnam oil corporation vinacomin - coal import export joint stock company dong thap petroleum trading import export joint stock company vietnam air petrol company limited (skypec) thanh le corporation vinacomin - northern coal trading joint stock company (translated name) area 2 petroleum company - one member limited liability company (translated name) region i petroleum company - one member limited liability company petrolimex aviation fuel joint stock company

Payment History

Purchase the report to access company details.

Financial Performance

Assets	-67.25%
Owner’s Equity	-22.03%
Working Capital	47.34%
Net Worth	-34.42%
Sales	92.44%
Operating income	60.00%
EBIT	-88.24%
Gross Profit Margin	5.34%
Debt to EBITDA	54.23%

📈 📊

Company Reports

Company Profile Report

Legal Profile

Contact and Location

Legal Representative

Shareholders

Business Operation

Assets

Owner's Equity

Sales

Profit

Company Standard Report

Legal Profile

Business Locations

Legal Representative

EBT

EBITDA

Working Capital

Tangible Net Worth

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Comprehensive Report

Report Summary

Legal Profile

Historical Information

Business Locations

Subsidiary and Affiliated Company

Management and Directors

Shareholders

Business Operation

Suppliers

Buyers

Credit Limit

Industry Information

Key Industry Players

Competitors

Negative Payment Records

Banking Information

Litigation Records; Negative News

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Opinion from Analysts

Specific Questions About AREA 2 PETROLEUM COMPANY - ONE MEMBER LIMITED LIABILITY COMPANY

When did AREA 2 PETROLEUM COMPANY - ONE MEMBER LIMITED LIABILITY COMPANY start operating?

AREA 2 PETROLEUM COMPANY - ONE MEMBER LIMITED LIABILITY COMPANY was started in 20 Jul 2010

What industry does AREA 2 PETROLEUM COMPANY - ONE MEMBER LIMITED LIABILITY COMPANY operate in?

AREA 2 PETROLEUM COMPANY - ONE MEMBER LIMITED LIABILITY COMPANY is operating in "Wholesale of solid, liquid and gaseous fuels and related products" industry

How can I contact AREA 2 PETROLEUM COMPANY - ONE MEMBER LIMITED LIABILITY COMPANY?

AREA 2 PETROLEUM COMPANY - ONE MEMBER LIMITED LIABILITY COMPANY phone numbers is 84-28 / 3828 2081

What adverse news is there about AREA 2 PETROLEUM COMPANY - ONE MEMBER LIMITED LIABILITY COMPANY?

AREA 2 PETROLEUM COMPANY - ONE MEMBER LIMITED LIABILITY COMPANY’s has no negative news

What is stock symbol of AREA 2 PETROLEUM COMPANY - ONE MEMBER LIMITED LIABILITY COMPANY?

AREA 2 PETROLEUM COMPANY - ONE MEMBER LIMITED LIABILITY COMPANY is not listed company

Where is the location of AREA 2 PETROLEUM COMPANY - ONE MEMBER LIMITED LIABILITY COMPANY?

AREA 2 PETROLEUM COMPANY - ONE MEMBER LIMITED LIABILITY COMPANY is located at No. 15, Le Duan Street, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam

What is AREA 2 PETROLEUM COMPANY - ONE MEMBER LIMITED LIABILITY COMPANY’s business registration?

AREA 2 PETROLEUM COMPANY - ONE MEMBER LIMITED LIABILITY COMPANY business registration is 0300555450

My Order (0)

AREA 2 PETROLEUM COMPANY - ONE MEMBER LIMITED LIABILITY COMPANY

AREA 2 PETROLEUM COMPANY - ONE MEMBER LIMITED LIABILITY COMPANY

AREA 2 PETROLEUM COMPANY - ONE MEMBER LIMITED LIABILITY COMPANY

Company Profile Report

Company Standard Report

Comprehensive Report

GET IN TOUCH FOR EXCLUSIVE DEALS!

We've just released an update!

Don’t miss any of our insights

AREA 2 PETROLEUM COMPANY - ONE MEMBER LIMITED LIABILITY COMPANY

AREA 2 PETROLEUM COMPANY - ONE MEMBER LIMITED LIABILITY COMPANY

AREA 2 PETROLEUM COMPANY - ONE MEMBER LIMITED LIABILITY COMPANY

Company Profile Report

Company Standard Report

Comprehensive Report

GET IN TOUCH FOR EXCLUSIVE DEALS!

Access Required

Notification