BINH DUONG PETROLEUM COMPANY LIMITED

BINH DUONG PETROLEUM COMPANY LIMITED has been active in Vietnam’s fuel trading and petroleum wholesale market for more than 18 years, and during this period BINH DUONG PETROLEUM COMPANY LIMITED has built a stable regional presence supplying gasoline and fuel products across Binh Duong Province. Today, BINH DUONG PETROLEUM COMPANY LIMITED operates from its head office in Thu Dau Mot City with a compact workforce of 20 employees, serving a tightly regulated energy sector where pricing control, working capital discipline and regulatory compliance determine long-term survival.

Leadership and Private Ownership Structure

The company is directed by Dao N. T., who also represents the controlling shareholder group. Ownership is dominated by Thanh Le Corporation, which holds 80 percent of equity, while the remaining shares are distributed among several individual shareholders. This concentrated ownership model allows for rapid operational decision making but also places strategic risk heavily on a single controlling entity. With a charter capital of $1.23 million and full paid-up capital, the company maintains a tightly controlled financial and governance structure typical of regional petroleum traders.

Position in Vietnam’s Petroleum Wholesale and Fuel Distribution Chain

The company specializes in the wholesale of solid, liquid and gaseous fuels and related petroleum products. Its registered business scope also extends into construction, demolition, site preparation, electrical installation, plumbing and wholesale of construction materials and metals. This expanded licensing reflects a flexible operating model commonly seen among fuel distributors that serve industrial zones, construction contractors and logistics operators. The company’s geographic positioning in Binh Duong allows it to participate directly in one of Vietnam’s most active industrial and manufacturing hubs.

Revenue Scale and Profit Performance in a Regulated Fuel Market

The company recorded revenue of $74.18 million, a 31.35 percent YoY decline following a strong peak in 2022. Despite the sharp contraction in sales volume, net profit increased to $271,245, up 5.88 percent YoY, indicating improved margin management and tighter cost controls under weaker market conditions. Total assets remained stable at $11.83 million, while equity edged up to $1.25 million. This financial pattern reflects a fuel trading business prioritizing profitability preservation over aggressive volume expansion during a cyclical downturn.

Liquidity Profile and Working Capital Pressure

Working capital rose 16.06 percent YoY to $413,778, yet in absolute terms it remains thin relative to sales exceeding $74 million. This is a common structural characteristic of petroleum wholesalers that rely on rapid inventory turnover and short-term supplier credit. However, tight liquidity also increases exposure to price volatility, delayed receivables and regulatory pricing adjustments. Effective cash-flow timing therefore becomes the critical driver of operational stability rather than balance-sheet size alone.

Operational Dynamics in Regional Fuel Trading

With only 20 employees, BINH DUONG PETROLEUM COMPANY LIMITED operates with a lean organizational structure while managing large transaction volumes. The business depends heavily on supply allocation, transport coordination and compliance with national fuel pricing mechanisms. Fuel trading remains a low-margin, high-volume business where earnings stability is tied more to cost discipline and capital efficiency than to raw sales growth. The company’s ability to maintain rising profit despite falling revenue suggests disciplined operational management in a highly constrained pricing environment.

Why This Company Matters in Binh Duong’s Industrial Energy Supply

Binh Duong is one of Vietnam’s largest manufacturing and logistics centers, placing sustained demand on regional fuel suppliers. BINH DUONG PETROLEUM COMPANY LIMITED plays a supporting role in this ecosystem by servicing industrial clients, construction contractors and wholesalers. While the company does not operate at national scale, its consistent activity over 18 years demonstrates long-term resilience in one of Vietnam’s most tightly regulated industries. Its shrinking revenue but improving profit profile reflects the strategic shift many fuel traders are making toward financial stability over aggressive expansion.

VNBIS Insight for Investors, Lenders and Energy Buyers

VNBIS provides a comprehensive analysis of BINH DUONG PETROLEUM COMPANY LIMITED, covering ownership verification, solvency risk, liquidity exposure and profitability drivers. The VNBIS Company Comprehensive Report delivers deeper insight into credit behavior, capital efficiency and operational sustainability. For investors, lenders and bulk fuel buyers seeking verified intelligence before forming commercial relationships, GET THE FULL AND CUSTOMIZED REPORT AT www.vnbis.com