- CEO
- Tan Van Dinh
- Full Time Employees
- 616
- Sector
- Industrial services
- Industry
- Oilfield services/Equipment
- Address
- Vung Tau Vietnam
- IPO Date
- Jul 8, 2022
- Business
- Petroleum Equipment Assembly & Metal Structure Joint Stock Company (PVC-MS), trading under the ticker UPCOM:PXS, is a Vietnam-based engineering, procurement, and construction (EPC) contractor specializing in the design, fabrication, and installation of offshore and onshore oil, gas, and renewable energy infrastructure. Founded in 1983 and headquartered in Vung Tau City, Vietnam, the company operates as a specialized subsidiary of PetroVietnam Construction Joint Stock Corporation (PETROCONs) within the Vietnam National Oil and Gas Group (Petrovietnam). PVC-MS provides a systematic portfolio of industrial manufacturing and engineering solutions, comprising offshore production and drilling platform structures, including jackets, topsides, living quarters, wellhead platforms, and flare booms; offshore renewable energy components, including wind turbine jacket foundations, transition pieces, and pin piles; onshore process infrastructure, including technological piping systems, spherical and cylindrical storage tanks, high-pressure vessels, and modular process skids for refineries, petrochemical plants, and thermal power facilities; marine logistics and heavy load-out operations, supported by a 23-hectare deep-water fabrication yard and dedicated wharf capable of launching structures weighing up to 10,000 metric tons; and specialized industrial technical services, including electrical and instrumentation (E&I) installation, non-destructive testing, corrosion protection, structural maintenance, and construction equipment leasing. The company primarily serves national oil corporations, international energy conglomerates, and EPC contractors operating in Vietnam and regional Asian markets. In recent developments, PVC-MS has advanced its strategic diversification into the offshore wind energy sector, fabricating wind turbine jacket foundations for international offshore wind initiatives including the Greater Changhua project in Taiwan in collaboration with PTSC and Ørsted. Furthermore, the company has secured critical fabrication packages for major domestic energy developments, including the Block B – O Mon gas infrastructure project and the Dai Hung Phase 3 development, while completing operational and capital restructuring under PETROCONs following the transfer of its public equity listing to the UPCoM market.