Petrolimex welcomes new director general
In this article (5)
Deputy Director General of Vietnam National Petroleum Group (Petrolimex) Dao Nam Hai will become its director general (DG), starting Mar. 1.
He replaces Pham Duc Thang who retired in November 2021. Holding two master degrees in law and business administration, Hai, 48, Hai was its deputy DG for four years, and 9-year DG of Petrolimex’s insurance subsidiary, Petrolimex Joint Stock Insurance Company (PJICO).
Petrolimex has a charter capital of nearly VND13 trillion ($573 billion). In 2021, the group posted net revenue of over VND169 trillion, up 37 percent compared to 2020.
Its 2021 post-tax profit was VND3.1 trillion, 2.5 times higher year-on-year.
The state-owned Petrolimex has a nearly 40 percent share in Vietnam’s petroleum market, has 43 subsidiaries, with 5,000 gasoline stations nationwide.
Questions & Answers
Q.When does Dao Nam Hai officially start his new role as Director General?
When does Dao Nam Hai officially start his new role as Director General?
Dao Nam Hai will assume the position of Director General for Petrolimex starting on 1st March. He takes over from Pham Duc Thang, who retired in November 2021.
Q.What is Dao Nam Hai's professional background within Petrolimex?
What is Dao Nam Hai's professional background within Petrolimex?
He previously served as Petrolimex's deputy director general for four years. Before that, he was the director general of its insurance subsidiary, PJICO, for nine years.
Q.What were Petrolimex's financial results for the year 2021?
What were Petrolimex's financial results for the year 2021?
In 2021, Petrolimex reported a net revenue exceeding VND169 trillion, marking a 37 percent increase from 2020. Its post-tax profit for the year was VND3.1 trillion.
Q.What is Petrolimex's market position and infrastructure in Vietnam?
What is Petrolimex's market position and infrastructure in Vietnam?
The state-owned company holds nearly 40 percent of Vietnam’s petroleum market. It operates with 43 subsidiaries and approximately 5,000 gasoline stations across the country.
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