VT GAS - VIET NAM LIQUEFIED GAS COMPANY LIMITED

Established in 2020, VT Gas – Viet Nam Liquefied Gas Company Limited is a wholly owned subsidiary of Southern Gas Trading Joint Stock Company and operates in the wholesale distribution of liquefied petroleum gas and related fuel products. Despite its relatively young corporate history, the company has developed a meaningful presence within Vietnam’s downstream gas supply network, supporting commercial clients that rely on consistent and regulated delivery of LPG.

VT Gas serves industrial customers, commercial distributors, and regional fuel wholesalers through an operating model built around safety compliance, inventory management, and supply coordination. The company maintains its head office in Ho Chi Minh City and operates as part of a broader supply chain ecosystem under the Southern Gas Trading structure.

A notable feature of VT Gas’s operating framework is its ability to leverage the logistics, procurement scale, and technical standards of its parent company, enabling it to compete effectively in a sector that demands both price efficiency and strict adherence to safety protocols.

Leadership and Shareholders

VT Gas is led by Le K. N., Director, who is responsible for operational oversight, execution of supply contracts, and overall regulatory compliance. Strategic direction and governance are supported by Tran A. D., Chairperson, who ensures alignment with the parent company’s broader commercial objectives and market positioning.

The company is wholly owned by Southern Gas Trading Joint Stock Company, which holds 100 percent equity. Full charter and paid up capital is reported at USD 6.57 million, demonstrating complete capitalization and direct ownership control from the parent entity.

Financial Growth and Market Risks

In 2023, VT Gas reported revenue of approximately USD 74.29 million. Total assets declined by nearly eight percent and equity contracted by close to nineteen percent, reflecting a challenging year marked by reduced fuel consumption and shifts in procurement cycles. Profit increased compared to the prior year, supported by margin improvements and adjustments in operating cost structure.

The company operates in a market influenced by fluctuations in global energy prices, industrial production cycles, and competition among domestic LPG distributors. Additional risks include regulatory requirements governing safety, storage, and transportation of liquefied gas, as well as the impact of volatile freight and supply chain conditions. For a full assessment of liquidity, capital structure, and creditworthiness, the VNBIS Company Comprehensive Report provides detailed financial analysis and risk evaluation.

Business Intelligence and Risk Outlook

VT Gas is positioned within a sector that is essential to Vietnam’s industrial and commercial energy consumption. Demand for LPG is expected to remain broadly stable over the medium term as manufacturers and service businesses continue to rely on gas for heating, processing, and distribution activities. The company’s integration with Southern Gas Trading supports operational stability, procurement capability, and adherence to industry standards.

The long term outlook will depend on VT Gas’s ability to maintain competitive sourcing, ensure consistent delivery performance, and manage exposure to commodity price cycles. Its alignment with a larger parent organization enhances operational resilience, although market conditions will continue to be shaped by price competition, regulatory oversight, and the broader energy transition environment.

VNBIS Support and Business Services

Vanguard Business Information LLC (VNBIS) provides a comprehensive range of professional business intelligence solutions to support investors and partners in evaluating VT Gas – Viet Nam Liquefied Gas Company Limited and its financial and operational standing.

VNBIS services include:

• Company Credit Reports evaluating solvency, liquidity, and financial health
• Risk Management Solutions analyzing market exposure, capital structure, and profitability trends
• Business Verification and Due Diligence Reports confirming ownership, compliance, and governance records

Through these services, VNBIS enables clients to make secure, transparent, and data driven business decisions.