- CEO
- Bao Ngoc Dam
- Sector
- Distribution services
- Industry
- Wholesale distributors
- Address
- Da Nang Vietnam
- IPO Date
- Sep 25, 2014
- Business
- Da Nang Petroleum Machinery - Technology Joint Stock Company (PVM-DAESCO) is a Vietnam-based automotive distributor, machinery trader, and technical service provider operating primarily in the automotive retail and industrial equipment sectors. Founded in 1983 and headquartered in Da Nang, Vietnam, the company operates as an affiliate of PetroVietnam Machinery - Technology Joint Stock Company (PV Machino), which maintains a major equity holding. The company organizes its core business activities across several key operational areas, providing: authorized automotive dealership and retail services as an official 3S (Sales, Service, and Spare Parts) dealer for Mitsubishi Motors Vietnam, distributing vehicle models such as the Mitsubishi Xpander, Xpander Cross, Xforce, Attrage, Outlander, Pajero Sport, and Triton; specialized automotive after-sales and maintenance services, including periodic vehicle servicing, computerized diagnostics, engine and powertrain repairs, warranty repairs, and automotive bodywork and refinishing; the wholesale and retail distribution of authentic Mitsubishi OEM replacement parts, specialized automotive components, industrial lubricants, and vehicle accessories; the commercial distribution and trading of construction machinery, civil engineering equipment, and material-handling apparatus; and property management solutions, including commercial office leasing, industrial storage, and warehouse facility operations. Da Nang Petroleum Machinery - Technology Joint Stock Company primarily serves retail car buyers, commercial fleet operators, engineering enterprises, and construction firms across the Central and Central Highlands regions of Vietnam through a network of standard 3S facilities located in Da Nang, Thua Thien Hue, and Quang Tri. In recent developments, the company has expanded its regional market presence by modernizing its 3S dealership facilities in Central Vietnam in accordance with updated corporate brand identity standards; broadened its commercial vehicle lineup with the regional introduction and rollout of new-generation vehicle models, including the Mitsubishi Xforce compact SUV; implemented leadership changes across its board of directors and executive management team; and executed regulatory adjustments to its shareholding framework, including setting its maximum foreign ownership limit to 0% to optimize statutory compliance and strengthen alignment with its principal domestic shareholder.