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VENUS GAS COMPANY LIMITED

Active

Business ID 0105162576

VENUS GAS COMPANY LIMITED

Active

Business ID 0105162576

VENUS GAS COMPANY LIMITED

Active

Summary

Name:

VENUS GAS COMPANY LIMITED

Business ID (TIN):

0105162576

Date of Registration:

24 Feb 2011

Registered Office:

Ha Noi City Department of Planning and Investment

Address:

6th Floor, The Imperial Suites, 01-N1, Lane 40 Van Bao Street, Lieu Giai Ward, Ba Dinh District, Ha Noi City, Vietnam

Financial Statement:

2020, 2021, 2022, 2023, 2024

VENUS GAS COMPANY LIMITED (CÔNG TY TNHH GAS VENUS) has rapidly grown into one of Vietnam’s more prominent names in the wholesale gas distribution sector — but its financial condition in 2023 reveals a company under increasing internal pressure despite top-line success.

Registered as a limited liability company with Business ID 0105162576, VENUS GAS was established in February 2011 and is headquartered in Ba Dinh District, Hanoi. The company’s operations span across multiple provinces with a production site in Bac Ninh and representative offices in Quang Ninh and central Hanoi. Its core business is the wholesale of solid, liquid, and gaseous fuels, with a specialization in gas refilling and distribution.

The company’s sales revenue in 2023 reached USD 252.45 million, up 28.41% year-over-year — a figure that typically signals strength. Total assets also climbed by 30.55%, hitting USD 142.76 million. However, these top-line gains contrast sharply with deteriorating profitability and cash flow. Net profit was negative USD 2.34 million, though it technically improved from a deeper loss in 2022. Working capital remained critically low at USD -40.88 million, highlighting serious liquidity stress. This imbalance between growth and solvency is concerning, especially for a fuel distributor in a capital-intensive sector.

Ownership is concentrated: Mr. LE TIEN DUONG controls nearly 69% of the company, while General Director Mr. NGUYEN QUOC ANH holds just over 16%. This structure may ensure internal alignment but could also limit governance checks in strategic decision-making. The sharp volatility in equity, which surged by over 2,700% after plunging in 2022, signals potential recapitalization efforts rather than organic financial strength.

Given this mix of aggressive growth and financial fragility, engaging with VENUS GAS COMPANY LIMITED requires clear-eyed risk assessment. Credit risk, liquidity pressure, and ownership concentration all warrant scrutiny. That's why stakeholders — including suppliers, banks, and leasing firms — are advised to seek independent credit reports, financial risk ratings, and business verification from providers like VANGUARD BUSINESS INFORMATION LLC (VBI). These services can illuminate the full risk profile, beyond just headline sales numbers, helping ensure informed and secure commercial decisions.

Legal Profile

English Name:

VENUS GAS COMPANY LIMITED

Vietnamese Name:

CÔNG TY TNHH GAS VENUS

Short Name:

VENUS GAS CO., LTD

Business ID (TIN):

0105162576

Date of Registration:

24 Feb 2011

Registered Office:

Ha Noi City Department of Planning and Investment

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

NGUYEN Q.A

Address:

6th Floor, The Imperial Suites, 01-N1, Lane 40 Van Bao Street, Lieu Giai Ward, Ba Dinh District, Ha Noi City, Vietnam

Factory Address:

Lot V.4, Thuan Thanh 3 Industrial Park, Bac Ninh Province, Vietnam

Representative office:

4th Floor, No. 68 Nguyen Du, Ha Noi City, Vietnam

Representative office:

Ha Khanh Handicraft Industrial Cluster, Quang Ninh Province, 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

22,315

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

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Financial Performance

Assets	28.90%
Owner’s Equity	-96.68%
Working Capital	-14.38%
Net Worth	-84.41%
Sales	26.79%
Operating income	-37.12%
EBIT	-44.04%
Gross Profit Margin	-32.15%
Debt to EBITDA	71.78%

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Tangible Net Worth

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Management and Directors

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Business Operation

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Industry Information

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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 VENUS GAS COMPANY LIMITED

When did VENUS GAS COMPANY LIMITED start operating?

VENUS GAS COMPANY LIMITED was started in 24 Feb 2011

What industry does VENUS GAS COMPANY LIMITED operate in?

VENUS GAS COMPANY LIMITED is operating in "Wholesale of solid, liquid and gaseous fuels and related products" industry

How can I contact VENUS GAS COMPANY LIMITED?

VENUS GAS COMPANY LIMITED don't share phone numbers information

What adverse news is there about VENUS GAS COMPANY LIMITED?

VENUS GAS COMPANY LIMITED’s has 2 bad news

What is stock symbol of VENUS GAS COMPANY LIMITED?

VENUS GAS COMPANY LIMITED is not listed company

Where is the location of VENUS GAS COMPANY LIMITED?

VENUS GAS COMPANY LIMITED is located at 6th Floor, The Imperial Suites, 01-N1, Lane 40 Van Bao Street, Lieu Giai Ward, Ba Dinh District, Ha Noi City, Vietnam

What is VENUS GAS COMPANY LIMITED’s business registration?

VENUS GAS COMPANY LIMITED business registration is 0105162576

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