Starting out as a provider of daily living, hospitality, and travel services to the oil and gas industry, PETROSETCO has grown through the spirit of “Skilled Hands – Wholehearted Service”. Today, PETROSETCO not only stands firm as a key service provider in the energy sector but has also expanded its influence beyond the industry with a reputation for professionalism, innovation, and strong execution.
From a total asset value of VND 563 billion in 2006, PETROSETCO surged to over VND 10,165 billion by the end of 2024—an almost 18-fold growth. Between 2020 and 2025, the company exceeded multiple strategic targets, achieving consolidated revenue of more than VND 84,800 billion and pre-tax profits of over VND 1,300 billion. PETROSETCO has consistently ranked among Vietnam’s Top 50 best-listed companies and the Top 500 largest companies in Southeast Asia, affirming its excellence in operational governance and strategic acumen.
Strength from Within – Agility in Change
In the face of a rapidly changing market landscape, PETROSETCO has always maintained a proactive mindset: developing contingency scenarios, restructuring its business portfolio, optimizing management systems, rejuvenating its workforce, upgrading technology platforms, and diversifying its customer base. This forward-thinking approach has allowed PETROSETCO not only to remain resilient but also to thrive through every phase of its growth.
Strengthening the Service Ecosystem – Expanding the Value Chain
Even as PETROSETCO is undergoing the process of state divestment, it continues to reinforce its role as a strategic and trusted partner within the oil and gas ecosystem. With a broad range of services and flexible coordination mechanisms, PETROSETCO ensures high performance across the entire logistics service chain—including industrial catering and food supply, office building management, labor outsourcing, cargo and passenger transport, specialized equipment and material supply, hazardous waste treatment, and more—for both offshore and onshore oil and gas operations. In every touchpoint, PETROSETCO delivers with diligence, agility, and professionalism, contributing to the safe and efficient operations of the Vietnam Oil and Gas Group (Petrovietnam).
Beyond its core role within the oil and gas industry, PETROSETCO has long been preparing to diversify its service capabilities and market reach. Over the past two decades, it has successfully built a strong reputation as a top-tier distributor of mobile devices, ICT equipment, household electronics, software solutions, and electronic accessories in Vietnam. The company is now a key partner to major global manufacturers, recognized for its reliability and long-term commitment.
PETROSETCO’s credibility stems not only from service quality but also from its wholehearted service attitude, quick response capabilities, and adaptability in every situation—meeting both the unique demands of the oil and gas sector and the increasingly high standards of customers in other industries.
Spirit, Willpower, and a Bold Vision for the Future
What truly sets PETROSETCO apart after 29 years is not just the impressive milestones, but the unity, perseverance, and dedication of its people. During the company’s most challenging periods, the determination and solidarity of PETROSETCO’s workforce have been key to overcoming adversity. Over time, this unwavering commitment, integrity, and shared vision have formed a unique identity that defines PETROSETCO today.
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As the company enters a new development phase, it remains anchored in its core values: Determination – Professionalism – Humanity – Efficiency. Building on nearly three decades of foundation, PETROSETCO is now focused on optimizing its key business segments—technology distribution, logistics, lifestyle services, and real estate—while accelerating digital transformation in operations and governance to become stronger, smarter, and more connected with the market and community.
Future Development Directions:
· Distribution: Enhance capabilities in key product lines such as mobile devices, electronics, and appliances. Drive strategic partnerships, embrace emerging technology trends, and diversify product offerings to expand market share and cement PETROSETCO’s position as Vietnam’s leading distribution brand.
· Services: Restructure and optimize internal resources, elevate service quality standards, and scale up operations beyond the oil and gas industry across lifestyle services, logistics, real estate, equipment supply, and labor outsourcing. This approach aims to build a multi-tiered, comprehensive, and sustainable service ecosystem.
· Governance: Leverage advanced technologies to improve management and operational oversight. Adopt international standards for governance and workflows to ensure agility, efficiency, and readiness for a dynamic and evolving market environment.
Guided by the philosophy of “Always with Passion”, PETROSETCO is committed to sustainable growth, expanding its service value chains, and creating a positive impact in the marketplace—contributing to a more civilized and healthy business and consumer environment in Vietnam.