CNG Vietnam

What CNG Vietnam does

CNG Vietnam (Công ty CP CNG Việt Nam, also operating as PV GAS CNG) is a Vietnamese joint-stock company, founded in 2007 and publicly listed on the Ho Chi Minh Stock Exchange under ticker CNG, that manufactures, transports and distributes compressed natural gas (CNG), liquefied natural gas (LNG) and LPG to industrial customers across Vietnam. Headquartered in Ho Chi Minh City, the company operates through a vertically integrated model encompassing production, filling, distribution via a proprietary specialized fleet, construction and maintenance of gas infrastructure, equipment installation and conversion services, and equipment sales/leasing. Its distribution infrastructure covers all 34 provinces of Vietnam, and it claims more than 70% of the national CNG supply market, serving approximately 200 leading domestic manufacturing enterprises including Hòa Phát, Tôn Đông Á, Vinamilk and Viglacera.

The company is a subsidiary of PV GAS (Petrovietnam Gas Joint Stock Corporation), Vietnam's state-affiliated gas major, and operates with 251–500 employees. Its go-to-market is enterprise field sales targeting large industrial manufacturers seeking to convert from traditional fossil fuels (coal, fuel oil) to natural gas for boilers and process heat, addressing cost efficiency, emissions reduction and environmental compliance. Revenue mechanics are usage-based (gas sold by volume under negotiated B2B contracts), supplemented by transaction-fee transportation services, professional-services infrastructure construction, and hardware sales/leasing. Pricing is not publicly disclosed and is negotiated per contract.

CNG Vietnam's recent strategic activity has centered on green-energy transition positioning: in June 2026 it signed an MOU with Becamex VSIP Bình Định to promote natural gas adoption in industrial zones in Gia Lai province, signaling geographic expansion beyond its southern Vietnam base. It maintains regular corporate governance activity (2026 AGM held May 19, 2026) and quarterly environmental disclosure, indicating formal ESG and regulatory compliance cadence aligned with its state-affiliated parent.

Name

CNG Vietnam

Legal name

Clean Natural Gas Vietnam Joint Stock Company

Website

https://cng-vietnam.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

251–500 employees

Short description

CNG Vietnam is a PV GAS subsidiary that produces, transports and distributes CNG, LNG and LPG to roughly 200 industrial manufacturers across all 34 provinces of Vietnam, holding over 70% domestic CNG market share.

Ownership category

akta.pro rank

Product category

Industrial Natural Gas Distribution

NAICS

Natural Gas Distribution (221210), Natural Gas Distribution (2212)

SIC

Natural Gas Transmisison & Distribution (4923)

akta.pro primary industry

Industrial CNG/LNG Supply & Distribution (Virtual Pipelines, Trucking, Satellite Storage) (EUALALAA)

akta.pro secondary industries

Gas Supply, Aggregation & Contracting (Producers, Marketers, Tolling, GSA) (EUALALAD), Gas Conditioning & Treatment for Industrial Use (Dehydration, Sweetening, NGL Removal) (EUALALAG), Gas-to-Power Project Development (IPP/CPP, Permitting, Financing) (EUALALAC)

Keywords

• Compressed natural gas
• Natural gas distribution
• Industrial gas supply
• LNG supply services
• Clean energy transition

Headquarters

HQ city

Vung Tau

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. CNG/LNG Production and Distribution: Production, filling and distribution of CNG, LNG and LPG to industrial customers nationwide
2. Transportation Services: Logistics and transportation services for CNG, LNG and LPG delivery
3. Gas Infrastructure Construction: Construction, installation, maintenance and repair of gas infrastructure projects
4. Equipment Sales and Leasing: Purchase and rental of equipment for gas infrastructure projects

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

CNG Vietnam manufactures, fills, transports and distributes compressed natural gas (CNG), liquefied natural gas (LNG) and LPG to industrial customers throughout Vietnam. The company complements its gas products with a comprehensive service suite including specialized transportation, gas infrastructure construction, equipment installation, retrofitting and maintenance, and equipment sales and leasing for vehicles, machinery and facilities using CNG, LNG and LPG.

Product overview

CNG Vietnam (Công ty CP CNG Việt Nam) is a clean energy company offering a portfolio of natural gas products and services. The core products are CNG (Compressed Natural Gas) and LNG (Liquefied Natural Gas), supplemented by LPG products. These are complemented by a comprehensive service suite including manufacturing and distribution, specialized transportation, gas infrastructure construction, equipment installation and maintenance, and equipment sales/leasing. The company serves approximately 200 industrial enterprises across Vietnam, enabling their transition to cleaner fuel sources.

Differentiator

Problem solved

Functional benefit

Products and services

• CNG - Compressed Natural Gas (Khí thiên nhiên nén) Compressed Natural Gas product supplied by CNG Vietnam for industrial and commercial use, enabling businesses to transition from traditional fossil fuels to natural gas.
• LNG - Liquefied Natural Gas (Khí thiên nhiên hóa lỏng) Liquefied Natural Gas product cryogenically cooled to liquid form for easier storage and transportation, offered by CNG Vietnam as an alternative clean fuel solution for industrial energy transition.
• Manufacturing, Filling and Distribution of CNG/LNG/LPG (Sản xuất - Phân phối) Service covering the production, filling and nationwide distribution of CNG, LNG and LPG gas products to industrial customers across Vietnam.
• Gas Transportation Services (Vận chuyển) Specialized transportation services for CNG, LNG and LPG using CNG Vietnam's own fleet to deliver gas products to industrial customer sites.
• Gas Infrastructure Construction (Xây dựng công trình khí) Construction, installation, maintenance and repair services for gas infrastructure and facilities serving CNG/LNG/LPG projects.
• Equipment Installation, Retrofit and Maintenance (Lắp đặt - Bảo dưỡng thiết bị) Retrofitting, maintenance, repair and installation services for equipment used to convert vehicles, machinery and equipment to CNG, LNG and LPG fuel systems.
• Equipment Sales and Leasing (Mua bán - Cho thuê thiết bị) Sales and leasing of equipment serving gas infrastructure projects and natural gas energy conversion initiatives.

Quantifiable outcome

• Over 70% market share in CNG supply nationwide
• +2 more outcomes

Named customers5 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Becamex VSIP Bình Định (Công ty CP Becamex Bình Định)coreStrategic or Co-development Partner · 26 June 2026CNG Vietnam signed a Memorandum of Understanding (MOU) with Becamex VSIP Bình Định on June 26, 2026, at the Gia Lai Provincial Convention Center. The partnership aims to promote green energy transition at Gia Lai province through the adoption of natural gas solutions in industrial operations within Becamex-managed industrial zones.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Air Products Vietnam: Air Products is a global industrial gas supplier with on-site and merchant gas operations. Its industrial gas manufacturing and supply capabilities make it a comparable global player competing for similar industrial customers across Asia.
• Linde Vietnam (Praxair): Linde is one of the world's largest industrial gas companies, supplying compressed and liquefied gases to industrial customers. Its operations in Vietnam and broader Southeast Asia overlap with CNG Vietnam's industrial customer base.
• Shell Vietnam: Shell is a major global LNG supplier with growing presence in Vietnam's industrial gas market through LNG imports and trading. It competes with CNG Vietnam for large industrial customers and at the LNG supply chain level.
• TotalEnergies Gas & Power (Vietnam): TotalEnergies is a global LNG major with active operations in Vietnam, including LNG supply and renewable energy. It represents comparable competition for large industrial gas customers and downstream LNG demand.
• PetroVietnam Oil Corporation (PVOIL): PVOIL, a fellow Petrovietnam group entity, distributes petroleum products and is expanding into LNG and gas distribution across Vietnam. It competes with CNG Vietnam in supplying industrial customers and operates a broader downstream energy portfolio.

Direct peers

• PV GAS (Petrovietnam Gas Joint Stock Corporation): PV GAS is the parent company of CNG Vietnam and Vietnam's dominant state-owned natural gas distribution and trading company. Direct overlap in CNG/LNG distribution to industrial customers and shared infrastructure make it the most directly comparable peer.
• Petrolimex Gas (PLX Gas): A subsidiary of Petrolimex Group, Petrolimex Gas is one of Vietnam's largest LPG distributors and is expanding into LNG. It directly competes with CNG Vietnam in the industrial and commercial gas customer segment in Vietnam.

Others

• Chart Industries: Chart Industries is a leading global manufacturer of cryogenic equipment and LNG infrastructure. While not a direct competitor, it is thematically related as an enabling supplier of LNG storage, transport, and distribution technology used by CNG Vietnam and its customers.

Regional players

• Saigon Gas (Saigon Petro): Saigon Gas is a major Vietnamese LPG and industrial gas distributor headquartered in Ho Chi Minh City, overlapping with CNG Vietnam's southern industrial customer base in food processing, steel, and manufacturing.

Emerging players

• Vinashin / PV Shipyard (PV Trans): PV Trans, a Petrovietnam group company, operates specialized gas and LNG transportation fleets in Vietnam. It is comparable to CNG Vietnam's transportation services arm and represents a potential in-group competitor or partner for gas logistics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 CNG Vietnam