- Business
- Thu Duc Trading & Import-Export Joint Stock Company (Timexco) is a Vietnam-based commercial trading enterprise primarily engaged in the distribution of petroleum products, commercial merchandising, real estate leasing, and logistics services. Founded in 1977 and headquartered in Ho Chi Minh City, Vietnam, the company operates across four principal business segments: Petroleum Trading, Commercial Merchandise, Real Estate and Warehousing, and Ancillary Services. The company offers a comprehensive range of products and services, including the wholesale and retail distribution of petroleum products such as RON 95 gasoline, E5 RON 92 bio-gasoline, and diesel fuel; automotive and industrial lubricants, engine oils, and greases; liquefied petroleum gas (LPG) cylinders and bulk gas for commercial, residential, and industrial applications; commercial distribution of agricultural commodities, packaged food products, fertilizers, and construction materials; leasing of commercial properties, corporate office spaces, logistics warehouses, and open storage yards; and road transportation, automotive technical servicing, and facility management services. The company conducts its operations primarily in southern Vietnam, operating an established network of retail petroleum filling stations, distribution kiosks, and commercial storage facilities across Ho Chi Minh City, Thu Duc City, and neighboring provinces to serve retail consumers, industrial manufacturers, transportation fleets, and commercial enterprises. In recent developments, the company has implemented strategic operational adjustments to rationalize and upgrade its retail petroleum station network, enhancing automated inventory control and electronic point-of-sale systems to improve operational efficiency amidst regulatory fuel pricing updates. The company has also expanded its commercial real estate and warehousing portfolio across Thu Duc City to maximize recurring rental yields from its land holdings, restructured its commercial trading division to focus on core high-margin energy products, and deepened strategic procurement partnerships with major national petroleum wholesalers and refiners to secure consistent product supply.