PetroVietnam Chemical and Services Corporation

PetroVietnam Chemical and Services Corporation

HHNX:PVC
11,900.00
VND
+400.00
(+3.48%)
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

CEO
Tri Hoi Duong
Full Time Employees
398
Sector
Industrial services
Industry
Contract drilling
Address
Ha Noi Vietnam
IPO Date
Nov 15, 2007
Business
PetroVietnam Chemical and Services Corporation, a subsidiary of Vietnam Oil and Gas Group, is a Vietnam-based provider of specialized technical services, industrial chemicals, and drilling fluid solutions for the oil and gas, petrochemical, and heavy manufacturing sectors. Founded in 1990 and headquartered in Hanoi, Vietnam, the company operates nationwide across major energy hubs and extends services into regional Southeast Asian markets. PetroVietnam Chemical and Services Corporation operates through three core business segments: Technical Services, Chemical Manufacturing, and Chemical Trading. The company's technical services portfolio includes drilling fluid and drilling mud engineering services; well cementing, completion, and workover services; industrial cleaning, tank desludging, and chemical decontamination; hazardous waste treatment, wastewater management, and environmental remediation services; catalyst handling and plant turnaround support; and anti-corrosion coating, pipeline inspection, thermal insulation, and specialized maintenance for offshore platforms, refineries, and power plants. In chemical manufacturing, the corporation produces drilling fluid additives and weighting agents, including barite, bentonite, and calcium carbonate; polyanionic cellulose and carboxymethyl cellulose filtration additives; production chemicals, including corrosion inhibitors, demulsifiers, biocides, and scale inhibitors; activated bleaching earth; and specialty chemical formulations for industrial processing. In chemical trading, the company imports and distributes industrial chemicals, base chemicals, solvents, caustic soda, polymers, and water treatment agents to downstream refineries, thermal power plants, and industrial manufacturers. In recent developments, PetroVietnam Chemical and Services Corporation has implemented strategic initiatives to expand its industrial maintenance, repair, and overhaul capabilities beyond upstream exploration, securing major service and supply contracts at the Long Son Petrochemicals Complex, Nghi Son Refinery and Petrochemical Complex, and Dung Quat Refinery. The corporation has also expanded its technical service footprint to support the development phases of the Block B - O Mon gas-to-power project, scaled up its high-tech environmental treatment and waste-to-resource operations, and entered strategic partnerships to provide specialized chemical products and maintenance solutions for offshore wind and renewable energy infrastructure.