Petrolimex Hatinh Co., Ltd (Vietnam)

The subject is one of members of VIETNAM NATIONAL PETROLEUM GROUP (PETROLIMEX). It was officially established in 2010 as a one member limited company, which has inherited facilities from Ha Tinh Branch of Petrolimex originally started in Sep 1991. Main activity of the subject is to trading and distributing petroleum. In addition, it trades LPG, lubricant and insurance products of Pjico. According to public information, it has sold more than 163,000 m3 of petroleum (retail sales made up about 65%) and 1,110 tons of LPG in 2019. Also last year, the subject has obtained about VND 4.3 billion revenue from Pjico insurance, increased about 13% against 2018. HATINH PETROLIMEX has set target of VND 2,320 billion of total revenue for FY2020. According to preliminary report for the first 6 months of 2020, the subject stated that turnovers from petroleum activity has finished 50% of the plan 2020, attaining 95% in comparison with the same period last year. The LPG trading has finished 51% of year plan, increasing about 9% compared to the same period last year. Revenue from insurance has also attained 72% and increased 49% correspondingly.Generally, the subject seems to be less affected by Covid-19 pandemic. Its market is in Ha Tinh Province, Vietnam.