- Business
- Mien Trung Petroleum Construction Joint Stock Company is a Vietnam-based construction and engineering enterprise primarily engaged in the development of industrial, civil, and energy infrastructure. Founded in 2007 and headquartered in Da Nang, Vietnam, the company operates as a specialized affiliate of PetroVietnam Construction Joint Stock Corporation (PETROCONs), delivering contracting and technical services throughout Central Vietnam and surrounding regions. The company offers an extensive portfolio of construction and industrial services, which includes: oil, gas, and energy construction services, comprising the installation and erection of oil and gas processing facilities, petroleum storage depots, pipeline networks, refinery infrastructure, power stations, and industrial manufacturing plants; civil and commercial construction, consisting of general contracting for residential housing developments, commercial office buildings, hotels, educational facilities, and public infrastructure; transport and municipal infrastructure engineering, involving the construction of highways, urban roads, bridges, port facilities, industrial park utilities, and drainage systems; construction materials manufacturing and trading, encompassing the production and distribution of ready-mix concrete, precast concrete components, building stones, aggregates, and structural steel fabrications; and technical support services, offering architectural design, structural engineering, topographic surveying, project supervision, and heavy construction equipment leasing. In recent developments, Mien Trung Petroleum Construction Joint Stock Company has undertaken extensive corporate restructuring and financial reorganization initiatives to address accumulated debt, resolve legacy project liabilities, and restore operational viability following its transition to trading on the UPCoM exchange under ticker PXM. As part of its strategic turnaround program, the company has focused on streamlining its operational footprint, divesting non-core assets, enhancing recovery of outstanding receivables, and realigning its business focus toward specialized regional subcontracting, industrial maintenance, and core civil engineering projects.