BINH THUAN PETROLEUM BRANCH OF BA RIA - VUNG TAU PETROLEUM COMPANY LIMITED

BINH THUAN PETROLEUM BRANCH OF BA RIA - VUNG TAU PETROLEUM COMPANY LIMITED (CHI NHÁNH XĂNG DẦU BÌNH THUẬN – CÔNG TY TNHH MỘT THÀNH VIÊN XĂNG DẦU BÀ RỊA - VŨNG TÀU) is an operating branch established on 16 August 2010 in Binh Thuan Province. Registered under Business ID 3500102573-019, the branch has over 15 years of operation in the wholesale of solid, liquid, and gaseous fuels and related petroleum products.

Headquartered at No. 13, 19/4 Street, Xuan An Ward, Phan Thiet City, BINH THUAN PETROLEUM BRANCH OF BA RIA - VUNG TAU PETROLEUM COMPANY LIMITED functions as a regional fuel distribution unit, serving retail stations and commercial clients within Binh Thuan and surrounding areas. The branch is managed by Dang T. D., a Vietnamese national acting as Owner.

Financially, the branch maintains a relatively stable asset base. As of 2023, total assets reached USD 8.1 million, reflecting modest growth compared to 2022. Revenue stood at USD 63.26 million, although this marked a 20% decline year-on-year following a strong spike in 2022 when fuel prices were elevated. Profit in 2023 amounted to USD 329,942, significantly improving from the prior year, while owner’s equity increased to USD 329,942. However, working capital remained negative at USD -7.02 million, and net worth was slightly negative at USD -318,184, indicating liquidity pressure typical of high-volume fuel trading operations.

With its core business focused exclusively on petroleum wholesale activities, BINH THUAN PETROLEUM BRANCH OF BA RIA - VUNG TAU PETROLEUM COMPANY LIMITED remains an active and established distributor within the regional energy supply chain, though margin volatility and working capital management continue to be key operational factors.