Petrosetco’s CEO Engages with AI to Set 2026 Goals and Objectives
At the recently held 2025 Year-End Review and 2026 Outlook Conference, Petrosetco’s leadership unveiled promising financial estimates for the 2025 fiscal year.
Consolidated revenue is projected to reach VND 20.6 trillion, marking an 8% increase compared to 2024. Notably, profit metrics demonstrated double-digit growth, outpacing revenue expansion. Pre-tax profit is estimated at VND 402 billion, a 42% surge from the previous year’s VND 283 billion.
PET’s Business Results and Plan
PET’s Business Results and Plan
Net profit after tax is expected to hit a record high of VND 322 billion, reflecting a 46% growth from 2024’s VND 220 billion. This marks the highest net profit in Petrosetco’s history.
The fourth quarter of 2025 significantly contributed to these results, with Q4 revenue estimated at VND 5.784 trillion and net profit after tax at VND 74.5 billion, up 25.2% and 20.7% year-over-year, respectively. Additionally, the company’s tax contributions to the state budget remained robust at approximately VND 3.1 trillion.
Petrosetco specializes in wholesale distribution of electronics and telecommunications equipment for brands like Samsung and Apple.
Distribution services remained the core revenue driver, contributing 82% of total sales and over 50% of pre-tax profit. The stability of this segment, coupled with growth in equipment supply, logistics, catering, and real estate services, enhanced overall business performance compared to 2024.
These positive financial results were announced shortly after Vietnam’s National Oil and Gas Group (PVN) successfully auctioned 24.9 million PET shares on December 11, generating VND 900 billion. Consequently, Petrosetco is no longer a state-owned enterprise.
Mr. Phung Tuan Ha, Chairman of PETROSETCO’s Board, Addresses the Conference
As Petrosetco embarks on 2026 as a fully independent entity, its leadership has set cautious financial targets. Revenue is projected to reach a new peak of VND 22.567 trillion, a 10% increase from 2025 estimates. However, pre-tax profit is expected to dip slightly by 6% to VND 379 billion.
This conservative profit forecast reflects the management’s prudence amid intense market competition and post-divestment restructuring demands. CEO Vu Tien Duong emphasized that 2026 will be a pivotal year requiring a strategic mindset shift and operational agility. During the conference, Petrosetco unveiled its new brand identity, symbolizing its transition to full independence and self-reliance.
Nam Long Surges Past 4.850 Billion VND in Chartered Capital Following Successful Share Offering
Nam Long has successfully completed the issuance of over 100 million shares to existing shareholders, boosting its chartered capital from approximately VND 3,851 billion to nearly VND 4,851 billion.
HDCapital Increases Stake to Nearly 17% in Petrosetco’s Equity
HDCapital successfully acquired 3.5 million shares of PET on December 17, 2025, elevating its ownership stake in Petrosetco to 16.84% of the company’s capital.
Six Individual Investors Spend Over VND 900 Billion to Acquire Petrosetco Shares from PVN
Six domestic individual investors have acquired the entire 24.9 million shares of PET from PVN, securing a 23.21% stake in Petrosetco’s chartered capital.
“Six Tycoons Face Nearly $4 Million Loss as Shares Plummet After $38 Million Stock Buyout”
A consortium of investors has agreed to pay a premium above market rates to acquire a 23% stake from state shareholders, driven by the anticipation of substantial financial assets and a transformative shift in the core business model.
PetroVietnam Finalizes Timeline and Starting Price for Divestment from Petrosetco (PET)
Implementing the restructuring plan for PVN through 2025, as approved by the Prime Minister in Decision No. 1243/QĐ-TTg in October 2023, PVN will divest its entire capital contribution in Petrosetco.
