TUYEN QUANG PETROLEUM COMPANY - ONE MEMBER LIMITED LIABILITY COMPANY

TUYEN QUANG PETROLEUM COMPANY – ONE MEMBER LIMITED LIABILITY COMPANY (Vietnamese: CÔNG TY XĂNG DẦU TUYÊN QUANG – CÔNG TY TRÁCH NHIỆM HỮU HẠN MỘT THÀNH VIÊN) is an established energy distribution enterprise operating in Vietnam's downstream petroleum sector. The company is headquartered at No. 14, Phan Dinh Phung Street, Group 1, Minh Xuan Ward, Tuyen Quang City, Tuyen Quang Province, Vietnam, and is registered under Business ID 5000118667. Founded on 02 August 2010, the company has built over 15 years of continuous experience in the supply and distribution of fuel and related energy products across the Tuyen Quang region.

The company's core business centers on the wholesale and retail trading of petroleum, oil, lubricants, and gas products, serving both individual consumers and commercial clients in the northern Vietnamese market. Beyond its primary fuel distribution activities, the company also engages in a range of complementary business lines, including freight transport by road, wholesale of gas and related products, wholesale of iron and steel, retail sale of automotive fuel in specialized stores, and commission agency services, positioning itself as a broadly connected player within the regional energy and trade supply chain.

The company is led by Chairman cum Director Ngo Quang Vinh and employs a workforce of 176 people, reflecting a moderate-scale operation within its province. With a charter capital of approximately USD 2.35 million, the company is wholly owned by Vietnam National Petroleum Group (Petrolimex), one of Vietnam's largest and most prominent state-affiliated energy corporations, which holds a 100% stake. This ownership structure provides the company with strong institutional backing and access to Petrolimex's nationwide distribution network and supply chain infrastructure.

Financially, the company has demonstrated a steady recovery in recent years. Total assets grew to USD 6.48 million in 2024, up from USD 6.08 million in 2023, while total sales reached USD 63.07 million, recovering from a dip in 2023 and approaching the USD 63.49 million recorded in 2022. Most notably, net profit rose significantly to USD 185,774 in 2024, up over 64% year-on-year, indicating meaningful improvements in operational efficiency and margin management. Owner's equity also continued its upward trend, reaching USD 2.53 million at the close of 2024.

That said, the company carries a negative working capital position of approximately USD 2.86 million, which deteriorated by over 26% year-on-year, indicating short-term liquidity pressure that warrants monitoring. As a fuel distribution business operating on thin margins and high revenue turnover, this is not uncommon in the sector, but managing short-term obligations will remain an important operational consideration in the future.

This article is written based on the company report provided by VNBIS.COM, a leading provider of business intelligence, financial analysis, and risk assessment services covering companies in Vietnam and worldwide.