TIN NGHIA PETROL & OIL JOINT STOCK COMPANY: EFFORT TO GUARANTEE THE SOURCE OF RETAIL PETROLEUM

TIN NGHIA PETROL & OIL JOINT STOCK COMPANY: EFFORT TO GUARANTEE THE SOURCE OF RETAIL PETROLEUM

06/04/2022

With the efforts and success achieved in business operation, Tin Nghia Corporation has contributed in the cause of building socio-economic development of Dong Nai province as well as the industrialization – modernization of the country. For many years in a row, Tin Nghia corporation was voted Top 500 largest enterprises in Vietnam with four primary industries as followed: Industrial estates, Petroleum, Agro – products and Logistics.

In the Petroleum estates, starting with only 1 petrol station in 1999, up to now Tin Nghia has  become a leading company in petroleum retail in Dong Nai province with a retail network of nearly 50 petrol stations and 40 agents, at the same time supplying petroleum to over 1,000 corporate customers in Dong Nai province. In 2021, the company has supplied the market with nearly 200 million liters of petroleum, with revenue over 3,100 billion VND, up 25% compared to 2020. With the sales motto to ensure "Right quality, Sufficient amount, Civilization, Courtesy" has created the prestige of Tin Nghia petroleum brand, which is highly appreciated by consumers.

Now, the shortage of petroleum supply occurs in the context of political instability in some countries, leading to high fluctuations in world petroleum prices. Since January 2022, Nghi Son  Refinery And Petrochemical LLC, which accounts for 70% of domestic consumption, has reduced its production capacity supply petroleum to the domestic market while the quantity of imported petroleum from the wholesalers did not arrive in time, leading to a limited supply of petroleum for distributors, especially RON95-III Gasoline. Faced with that situation, the Ministry of Industry and Trade requested the People's Committees of the provinces and cities to coordinate in directing state management agencies in the area, petrol and oil businesses to continue to strictly follow the Government's instructions on securing petroleum supplies.

Following the direction of Dong Nai Industry and Trade Department and Tin Nghia Corporation, Tin Nghia Petrol & Oil Joint Stock Company (a subsidiary of Tin Nghia Corporation) has actively tried to find the supply, ensure regular and continuous supply of petrol in the system. Retail petrol stations are committed to listing prices when selling and selling at the correct listed price in accordance with regulation, well serving the production and business needs of the people and businesses in all situation, ensure social security in the area.

Mr. Tran Thanh Tung – Director of Tin Nghia Petrol & Oil Joint Stock Company said “in any difficult situation, Tin Nghia Corporation as well as Tin Nghia Petrol & Oil Joint Stock Company prepare in advance the sources of petroleum to serve the people, to serve production and business in the province, not to cut supply disruption”

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CONTACT US

Tin Nghia Corporation

Address: 96 Ha Huy Giap Street, Quyet Thang Ward, Bien Hoa City, Dong Nai Province
Tel: (84-251) 382 2486
Fax: (84-251) 382 3747
Email: info@tinnghiacorp.com.vn

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