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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.
