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Vietnam National Petroleum Group
VN:PLX

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Vietnam National Petroleum Group
VN:PLX
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Price: 38 450 VND -0.77%
Market Cap: 48.9T VND
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Vietnam National Petroleum Group
Investor Relations

In the bustling landscape of Vietnam's rapidly evolving economy, the Vietnam National Petroleum Group, commonly known as Petrolimex, stands as a formidable force in the energy sector. Established in 1956, Petrolimex has grown into the country’s largest distributor and retailer of petroleum products, with a network that stretches across urban centers and rural districts alike. At the heart of its operations lies a vertically integrated model that spans from importation and storage to wholesale and retail distribution. This comprehensive value chain allows Petrolimex to maintain control over its cost structures, ensuring competitive pricing and consistent supply across its vast network of service stations. The company's strategic focus on operational efficiency and expansive reach has been instrumental in maintaining its market leadership.

Beyond traditional fuel sales, Petrolimex diversifies its revenue streams through various business segments including the sale of lubricants, chemicals, and gas. The company has also expanded into non-petroleum ventures such as insurance and banking, capitalizing on opportunities within Vietnam's booming economy. The firm's ability to adapt and innovate is complemented by its commitment to corporate social responsibility and sustainable development, reflecting a blend of traditional values and modern entrepreneurship. This strategic diversification not only buffers the company against the volatility of fuel markets but also positions it for sustained growth as Vietnam continues its path towards industrialization and increased energy consumption. As such, Petrolimex emerges as not merely a supplier of fuel, but as a pivotal component in the country's economic engine, fuelling both vehicles and ambitions alike.

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Earnings Calls

No Earnings Calls Available

Management

Mr. Hai Nam Dao
CEO, Director General, Chairman of Management Board & Director
No Bio Available
Mr. Nam Ngoc Tran
Deputy General Director, Member of Management Board & Member of the Board
No Bio Available
Mr. Tuyen Van Luu
Deputy CEO, Deputy General Director, Member of Management Board & Director
No Bio Available
Mr. Cuong Sy Nguyen
Deputy General Director & Member of Management Board
No Bio Available
Mr. Duong Dinh Nguyen
Deputy CEO & Member of Management Board
No Bio Available
Mr. Tung Ba Nguyen
Chief Accountant
No Bio Available

Contacts

Address
HANOI
Hanoi
So 1, pho Kham Thien, Phuong Kham Thien, Quan Dong Da
Contacts