October 28, 2016 3:57 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Vietnam National Petroleum Corporation

Company Overview

Vietnam National Petroleum Corporation, together with its subsidiaries, supplies fuels. The company offers petroleum and oil products; and liquefied petroleum gas for enterprises, industrial factories, hotels, restaurants, households, and high rise buildings, as well as transportation, building materials, metal painting, food processing, and health care sectors. It also engages in the production, trading, and export of motor lubricants, industrial and marine lubricants, specialized lubricants, greases, and petrochemical products to Laos, Cambodia, China, Hong Kong, Taiwan, and the Philippines. In addition, the company offers insurance products for various sectors, including transport, projec...

No.1, Kham Thien Street

Dong Da District

Hanoi,  10000


Founded in 1956


84 4 3851 2603


84 4 3851 9203

Key Executives for Vietnam National Petroleum Corporation

Director General
Vice Director General
Director of Import-Export Department
Age: 48
Vice Director of Import-Export Department
Chairman of Board of Management
Compensation as of Fiscal Year 2016.

Vietnam National Petroleum Corporation Key Developments

Vietnam National Petroleum Group Reports Consolidated Earnings Results for the First Quarter of 2016

Vietnam National Petroleum Group reported consolidated earnings results for the first quarter of 2016. Total consolidated revenues (by all Petrolimex’s affiliates and associated firms in all trading businesses: petroleum, gas, lubricants, transportation, design, mechanics, installation, insurance, and others) totaled VND 27,540 billion (USD 1.23 billion), equal to 72.6% of the same period. The lower profit is reportedly attributed to a decrease of 30.8% of the global crude prices as compared to the first quarter of 2015 (West Texas Intermediate (WTI) averaged $33.63 per barrel in the first quarter of 2016, down from $48.57 per barrel in the same quarter of 2015). Pretax earnings were VND 1,371 billion, reaching 34.6% of the full-year’s target. Total net profit was VND 1,134 billion ($50.4 million).

Petrolimex To Sell More Shares

Vietnam National Petroleum Corporation (Petrolimex) plans to sell more shares to increase its registered capital by over 26% to VND 13.5 trillion. It will reduce state ownership of Petrolimex to less than 75% from around 95% now.

JX Nippon Oil Plans To Acquire 10% Stake In Vietnam National Petroleum Group

JX Nippon Oil & Energy Corporation will spend around ¥20 billion to take a 10% of stake in Vietnam National Petroleum Corporation or Petrolimex (PLX). Tran Ngoc Nam, Deputy Director of Petrolimex, told Nikkei.com that it was submitting a plan to sell 8% of stake to JX Nippon Oil & Energy in the first batch, and added that he would be more specific about the plan once he received approval.viet

Recent Private Companies Transactions

No transactions available in the past 12 months.

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