What Petrolimex Saigon Transportation and Service does

Petrolimex Saigon Transportation and Service Joint Stock Company (PTS Saigon, HNX: PSC) is a Ho Chi Minh City-headquartered petroleum distribution and transportation services subsidiary of Vietnam National Petroleum Group (Petrolimex), Vietnam's largest state-affiliated petroleum distributor. The company operates across six business lines: (1) wholesale and retail sale of petroleum products — gasoline, diesel, E10 biofuel and related fuels — through the Petrolimex-branded fuel station network in southern Vietnam; (2) transportation and logistics services for petroleum and general cargo; (3) construction and installation of petroleum pipelines and fuel infrastructure; (4) civil and industrial construction projects; (5) mechanical processing and manufacturing through the Nha Be mechanical workshop; and (6) supply of petroleum equipment and materials. PTS Saigon serves enterprise and government customers — including transportation firms, industrial clients, and Vietnamese government entities — primarily through B2B direct sales and through its parent's regulated fuel station network.

Pricing of fuel products is government-regulated across Zone 1 and Zone 2 territories, which constrains commercial margin flexibility but provides pricing visibility. The company is governed by a Board of Directors, Board of Supervisors, and Executive Board under Vietnamese public-company norms, and it conducts annual shareholder meetings with mandatory HNX disclosures. Charter capital stood at 72 billion VND following a 2015 bonus share issuance at a 2:1 ratio. Financial scale is modest: 2014 reported revenue was 527.421 billion VND (achieved 99% of 2013) with profit before tax of 11.222 billion VND (+132% YoY off a low 2013 base), and the company has maintained a 10-13.5% dividend payout ratio on charter capital. As a state-affiliated entity in a regulated industry with limited independent commercial differentiation, PTS Saigon's investment profile is anchored to the stability and strategic alignment of the Petrolimex parent rather than venture-style upside.

Name

Petrolimex Saigon Transportation and Service

Legal name

Công ty Cổ phần Vận tải và Dịch vụ Petrolimex Sài Gòn

Website

https://ptssaigon.petrolimex.com.vn

Company type

Public

Founded year

2015

Operating status

Operating

Short description

Petrolimex Saigon Transportation and Service is a Ho Chi Minh City-based subsidiary of Vietnam National Petroleum Group (Petrolimex) that distributes petroleum products and provides transportation, pipeline construction, and mechanical workshop services across southern Vietnam.

Ownership category

akta.pro rank

Product category

Petroleum Distribution and Transportation Services

NAICS

Petroleum Bulk Stations and Terminals (424710), Petroleum and Coal Products Manufacturing (3241)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171), Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172)

akta.pro primary industry

Marine Bunkering & Port Fuel Supply (EUALAIAG)

akta.pro secondary industries

Crude Oil & Petroleum Products Tanker Transport (TLADALAA), Liquid Bulk Petroleum Terminals (Crude, Refined Products) (TLAHABAH), Product Tanker Shipping (Clean/Dirty) (EUALADAH)

Keywords

• Petroleum product distribution
• Fuel transportation services
• Pipeline construction
• Petroleum equipment supply
• Mechanical workshop services

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D

Revenue model

1. Goods/Products Sales: Sale of petroleum products including gasoline, diesel, lubricants, and related fuel products through its network of fuel stations and wholesale channels.
2. Transportation Services: Transportation and logistics services for petroleum products and general goods.
3. Construction Services: Construction of petroleum pipeline infrastructure and civil/industrial construction projects.
4. Mechanical Workshop Services: Mechanical processing and manufacturing services through Nha Be mechanical workshop.
5. Supply of Petroleum Equipment and Materials: Supply of petroleum equipment, materials and supplies to support fuel distribution operations.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

PTS Saigon fundamentally distributes petroleum products (gasoline, diesel, E10 biofuel, lubricants) and delivers transportation/logistics services for petroleum and general cargo. The company also constructs petroleum pipeline infrastructure and civil/industrial projects, operates a mechanical processing workshop at Nha Be, and supplies petroleum equipment and materials to support fuel distribution operations across southern Vietnam.

Differentiator

Problem solved

Functional benefit

Products and services

• Petroleum Product Distribution (Hàng hóa / Fuel Goods) Distribution and retail sale of petroleum products including gasoline (RON 95), diesel, E10 biofuel, and lubricants through Petrolimex fuel stations (CHXD - Cửa hàng xăng dầu) and wholesale channels for industrial, transportation, and retail customers in southern Vietnam.
• Transportation and Logistics Services (Dịch vụ Vận tải) Transportation and logistics services for petroleum products and general goods, including safe handling and delivery of hazardous fuel materials, for industrial, transportation, and enterprise customers in southern Vietnam.
• Pipeline and Industrial Construction Services (Xây lắp đường ống xăng dầu / Công trình dân dụng công nghiệp) Construction services for petroleum pipeline infrastructure and civil/industrial projects in southern Vietnam, supporting fuel distribution and industrial customer infrastructure needs.
• Nha Be Mechanical Workshop Services (Nhà máy gia công cơ khí Nhà Bè) Mechanical processing and manufacturing services provided through the Nha Be mechanical workshop (Nhà máy gia công cơ khí Nhà Bè), supporting petroleum equipment and industrial mechanical needs.
• Petroleum Equipment and Materials Supply (Cung cấp vật tư, thiết bị xăng dầu) Supply of petroleum equipment, materials, and consumables (vật tư, thiết bị xăng dầu) to support fuel distribution operations and petroleum infrastructure customers.

Quantifiable outcome

• 2014 revenue of 527.421 billion VND
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Vietnam Construction Group (XD VN)minorStrategic or Co-development PartnerVietnam Construction Group (XD VN) is a significant shareholder and has provided strategic support to the company, with representatives attending shareholder meetings and providing guidance on business development.

Scale indicators9 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• PT AKR Corporindo: Indonesian petroleum and basic chemical distribution company with logistics and trading operations. Comparable as a publicly listed downstream petroleum distributor with combined trading, transportation, and storage activities in a Southeast Asian market.
• Petrosetco (Petrolimex Petrochemical and Transportation JSC): Another listed subsidiary of Petrolimex Group, focused on petroleum equipment, chemicals, and transportation services. Comparable as a sister Petrolimex-listed entity with overlapping petroleum equipment supply and trading activities.
• PVOIL (PetroVietnam Oil Corporation): State-owned petroleum distribution company under Petrovietnam, the national oil and gas group. Directly comparable as a Vietnamese state-owned petroleum distributor with wholesale, retail, and transportation activities serving the same customer base in Vietnam.
• PetroVietnam Transportation Corporation (PV Trans): State-owned petroleum and oil transportation company under Petrovietnam, operating tankers and marine logistics for petroleum products in Vietnam. Directly comparable as a Vietnam-based state-owned petroleum transportation services business serving similar enterprise customers.

Broad incumbents

• PT Pertamina (Persero): Indonesian state-owned oil and gas company with nationwide fuel distribution, transportation, and retail operations. Comparable as a regional state-owned petroleum distribution incumbent operating under similar regulatory frameworks and customer types.
• Petrolimex Group (PLX): Parent company and Vietnam's largest petroleum distribution group with nationwide fuel station network. Comparable as the broader incumbent in the same regulated petroleum retail and distribution market, with PTS Saigon operating as a regional transportation/services subsidiary.

Regional players

• PTT Oil and Retail Business (OR): Listed subsidiary of Thailand's PTT group, operating fuel stations and oil retail across Thailand. Comparable as a state-affiliated, publicly listed regional petroleum retail/distribution company with similar business model and regulatory exposure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/petrolimex-joint-stock-insurance-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Petrolimex Saigon Transportation and Service