Phu Yen Petrovietnam Oil Joint Stock Company (HNX: PPY), a subsidiary of PetroVietnam Oil Corporation (PVOIL) within the Vietnam Oil and Gas Group (PetroVietnam), is a Vietnam-based downstream energy company primarily engaged in the distribution, wholesale, and retail trading of petroleum and petrochemical products. Founded in 1996 and headquartered in Tuy Hoa City, Phu Yen Province, Vietnam, the company conducts its commercial operations across the South Central Coast and Central Highlands regions, serving industrial manufacturers, agricultural enterprises, commercial transport fleets, provincial institutions, and retail consumers.
The company operates through three principal business segments: Petroleum Trading, Lubricants and Petrochemicals, and Transportation and Auxiliary Services. Its core products and services comprise the wholesale and retail distribution of automotive and industrial fuels, including RON 95-III gasoline, E5 RON 92 bio-gasoline, and 0.05%S and 0.001%S diesel oils; the commercialization of automotive lubricants, engine oils, industrial lubricants, and greases marketed under the PVOIL brand; the marketing and distribution of liquefied petroleum gas (LPG) and associated gas equipment for residential and commercial users; the ownership and management of a comprehensive regional network of petroleum filling stations; the provision of specialized petroleum logistics, road tanker transport, and maritime freight services; and the operation of fuel storage depots, tank terminals, and warehouse leasing services. Additionally, the company provides non-fuel services across select station sites, including automotive wash and maintenance services and convenience retailing.
In recent operations, Phu Yen Petrovietnam Oil Joint Stock Company has executed strategic modernizations across its retail and distribution infrastructure. The company has advanced its digital retail initiatives by integrating automated dispensing and electronic invoicing systems across its entire network, alongside expanding digital transaction processing via the PVOIL Easy cashless fleet management and mobile payment application. In line with parent company directives and national energy transition roadmaps, the enterprise has initiated network adaptations to accommodate electric vehicle charging infrastructure at strategic retail stations through corporate charging network partnerships. Furthermore, the company has carried out operational reorganizations to upgrade station assets along newly developed North-South expressway corridors and key national highway routes, expanded strategic fuel inventory reserves, and streamlined its storage terminal logistics to ensure regional energy supply stability and improve distribution margins.