On July 10, 2025, Apple announced the extension of its Authorized Distribution Agreement with PetroVietnam General Services Corporation (PETROSETCO) for the next term, reaffirming the strong and trusted partnership between the two companies.
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As an authorized distributor of Apple since 2020, PETROSETCO has continuously strengthened its reputation through a professional and efficient distribution system, playing a pivotal role in delivering genuine Apple products to Vietnamese consumers in a standardized and reliable manner.
This renewed agreement is not only a strong recognition from one of the world’s leading technology brands but also further solidifies PETROSETCO’s role and reputation in the premium technology distribution sector in Vietnam.
During the period of 2020–2024, PETROSETCO’s ITC distribution segment emerged as the company’s core business, contributing over 70% of total revenue. The scope of operations has been expanding rapidly, with an increasingly diverse portfolio of products to meet the growing, modern, and more demanding needs of the market.
From a total asset value of just VND 563 billion in 2006, PETROSETCO has achieved remarkable growth, reaching over VND 10,165 billion by the end of 2024 – an increase of nearly 18 times. In the 2020–2025 period, the Corporation recorded consolidated revenue of over VND 84,800 billion and pre-tax profit exceeding VND 1,300 billion, successfully surpassing many strategic targets.
The extended partnership with Apple marks not only an important milestone in PETROSETCO’s development journey but also reinforces its strategic growth plan. It affirms the Corporation’s commitment to deepening investments, strengthening system capabilities, and maintaining its leading position in Vietnam’s high-end consumer technology market.