Company Overview

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Company Overview

Company Overview

In performing the mission of offering clean and environment-friendly fuel supply to industrial and urban zones across the country, PetroVietnam Low Pressure Gas Distribution Joint Stock Company (PV GAS D) was incorporated to respond to the increasing demands for natural gas in Vietnam. Basic Information of the Company:

  • Transaction name: PetroVietnam Low Pressure Gas Distribution Joint Stock Company
  • Transaction name in English: PetroVietnam Low Pressure Gas Distribution Joint Stock Company
  • Abbreviated name: PV GAS D
  • Business Registration Certificate No. 0304998686, first registration on May 23, 2007, registration on changes for 14th times on May 07, 2024, issued by Ho Chi Minh City Department of Planning and Investment
  • Charter capital: 989,982,660,000 VND
  • Address: 7th Floor, PV Gas Tower, No. 673 Nguyen Huu Tho Road, Phuoc Kien Commune, Nha Be District, Ho Chi Minh Ho Chi Minh City, Vietnam
  • Telephone: 028.3784.0445
  • Fax: 028.3784.0446
  • Website: www.pvgasd.com.vn
  • Stock code: PGD
  • Stock exchange: HOSE
  • Logo
  • Slogan: Pure Energy – Green Journey

Subsidiaries:

Vung Tau Low Pressure Gas Distribution Enterprise:

  • Address: 5th – 6th  Floor, Gas Tower Building, No. 61B, 30/4 Road, Thang Nhat Ward, Vung Tau City, Vietnam
  • Telephone: 0254.359.23(67) – (70)
  • Fax: 0254.356.0905

Branch of PetroVietnam Low Pressure Gas Distribution Joint Stock Company – Nhon Trach Low Pressure Gas Distribution Enterprise:

  • Address: Road D3, Vinatex Tan Tao Industrial Park, Phuoc An Commune, Nhon Trach District, Dong Nai Province, Vietnam
  • Telephone: 0251.356.6138
  • Fax: 0251.356.6137

Branch of PetroVietnam Low Pressure Gas Distribution Joint Stock Company – Northern Low Pressure Gas Distribution Enterprise:

  • Address: Lot area of 20,918.3 m², Tien Hai industrial zone, Dong Co Commune, Tien Hai District, Thai Binh Province, Vietnam
  • Telephone: 0227.365.5968
  • Fax: 0227.365.5969

Production Support Team:

  • Address: 4th Floor, Gas Tower Building, No. 61B, 30/4 Road, Thang Nhat Ward, Vung Tau City, Vietnam
  • Telephone: 0254.351.1707
  • Fax: 0254.359.2379

HISTORY OF FOUNDATION AND DEVELOPMENT

– PetroVietnam Low Pressure Gas Distribution Joint Stock Company (PV GAS D), formerly low pressure gas business Enterprise which was established in 2002, under PV GAS. On April 12th , 2007, PV GAS D was established pursuant to the Decision No. 1109/QD-DKVN of the Board of  Directors of Vietnam Oil and Gas Group. PV GAS D operates pursuant to Business Registration Certificate No. 4103006815, issued by Ho Chi Minh City Department of Planning and Investment on May 23, 2007 with initial charter capital of VND 330.000.000.000 (Three hundred and thirty billion dong) based on capital contribution of following shareholders:

  • PetroVietnam Gas Joint Stock Corporation – One member limited company – accounting for 18% of the charter capital;
  • PetroVietnam Southern Gas Joint Stock Company – accounting for 17% of the charter capital;
  • PetroVietnam Northern Gas Joint Stock Company – accounting for 15% of the charter capital;
  • Ba Ria – Vung Tau General Trading Joint Stock Company – accounting for 10% of the charter capital;
  • Employees and officers of PetroVietnam Gas Joint Stock Corporation – one-member limited company, PetroVietnam Southern Gas Joint Stock Company, PetroVietnam Northern Gas Joint Stock Company, and Petro Vietnam Construction Joint Stock Corporation – accounting for 40% of the charter capital.

– December 19, 2008: Changed the founding shareholders for first time.

  • The General Meeting of Shareholders of PV GAS D passed Resolution No. 02/NQ-DHDCD authorizing the partial transfer of shares held by Ba Ria – Vung Tau Gereral Trading Joint Stock Company to Minh Thanh Co., Ltd. (3.29%), Kinh Thanh Trade Joint Stock Company (2.45%), and Phuong Mai Investment Joint Stock Company (2%).

– October 14, 2009: Changed the founding shareholders for 2nd times:

  • The General Meeting of Shareholders of PV GAS D passed Resolution No. 03/NQ-DHDCD authorizing the transfer of 1,086,000 shares (3.29%) held by a founding shareholder, Minh Thanh Co., Ltd., to Sacombank Securities Joint Stock Company, and according to the Law on Enterprises, after the acquisition of founding shares, Sacombank Securities Joint Stock Company became a founding shareholder of PV GAS D.

– November 19, 2009:PV GAS D was authorized by Ho Chi Minh City Stock Exchange under the Decision on listing approval No. 145/QD-SGDHCM.

– On November 26, 2009, it was a memorable milestone when stock of PV GAS D was first listed on HCMC Stock Exchange (HOSE) with stock code of PGD. This was the clearest evidence for the development of PV GAS D.

– In 2010, PV GAS D issued 9.9 million additional shares to increase its charter capital from 330,000,000,000 VND (three hundred and thirty billion dong) to 429,000,000,000 VND (four hundred and twenty-nine billion dong).

– In Q4 of 2010, PetroVietnam Gas Joint Stock Corporation conducted the restructuring of its portfolio through an agreement on transfer of shares in PV GAS D from PetroVietnam Southern Gas Joint Stock Company and PetroVietnam Northern Gas Joint Stock Company, and matching orders for increasing its shareholding ratio in PV GAS D to 50.5% of its charter capital.

– In 2014, PV GAS D issued 17.1 million additional shares to increase its charter capital from 429 billion dong to 600 billion dong. In which, PetroVietnam Gas Joint Stock Corporation continued holding 50.5% of charter capital of PV GAS D.

– In 2015, PV GAS D issued 29,999,025 million additional shares to increase its charter capital from 600,000,000,000 dong to 899,990,250,000 dong. In which, PetroVietnam Gas Joint Stock Corporation continued holding 50.5% of charter capital of PV GAS D.

– On January 08, 2016, PV GAS D was authorized by Ho Chi Minh City Stock Exchange under Decision No. 10/QD-SGDHCM for additional listing of 29,999,025 PGD shares in the additional issue.

– On January 20, 2016, newly issued shares were officially traded at Ho Chi Minh City Stock Exchange.

– On July 25, 2017, Tokyo Gas Asia Pte., Ltd (a member of Tokyo Gas, Japan) completed the buy-in of 22,409,757 shares, equivalent to 24.9% of charter capital, and officially became a major shareholder of PV GAS D.

– In 2018, PV GAS D implemented the tasks of strategic cooperation with Tokyo Gas Asia, including the initiation of co-generating projects, execution of contracts with 10 new clients, including gas-in projects for 7 clients, and increase of the number of clients receiving gas to 94 clients.

– In 2019, PV GAS D increased the number of clients receiving gas to 101clients, signed gas sales contracts with 05 new clients, completed the investment in equipment system, and started the supply of gas to 07 new clients.

– On January 10, 2020, Saibu Gas Co., Ltd. completed the buy-in of 18,899,796 shares, equivalent to 21% of charter capital, and officially became a major shareholder of PV GAS D.

– In 2021, Tokyo Gas Asia completed the procedures for purchase of shares and increased its shareholding ratio PGD to 25%. Despite the impacts caused by Covid pandemic, total gas consumption exceeded the mark of 1 billion Sm3 for the first time, reaching 1,007.2 million Sm3, with revenue of 8,996.1 billion dong, up by 8.4% over the plan. 

– The year 2022 marks a great milestone in the history of 15 years of incorporation and development of PV GAS D, as this is the first year that the Business Strategy to 2015 with vision toward 2035 has been carried out while the targets set out in the Strategy have been achieved amidst multi-facet fluctuations of the global economy. This is the first time that revenue has been recorded to exceed the mark of 10,000 billion dong per year.

– On August 29, 2023, Ho Chi Minh City Stock Exchange (HOSE) issued Notice No. 1446/TB-SGDHCM that PV GAS D additionally listed 9 million shares at par value of 10,000 dong/share and increased its total outstanding shares to nearly 99 million shares, corresponding to an equivalent increase in charter capital of 989.98 million dong.

– After nearly 16 years of incorporation and development, the operating results of PV GAS D grow at a stable and sustainable rate over the years with an annual contribution of over 100 billion dong to the State Budget, and positively contributing to the cause of industrialization and modernization of the country.

MAIN BUSINESS LINES 

  • Trading in and transportation of low pressure gas through pipelines;
  • Trading in and transportation of industrial gases, dry gas products, LPG, CNG, LNG and products derived from oil and gas;
  • Management, operation, maintenance and repair of gas construction and projects;
  • Technology transfer consulting;
  • Constructing of industrial works, pipeline systems, warehouses and yards, and extracting stations for oil and gas industry;
  • Design and construction of gas (NG, CNG, LNG, LPG) systems;
  • Other lines of business as registered with the Department of Planning & Investment of Ho Chi Minh City

OUTSTANDING ACHIEVEMENTS

  • Second-class labor medal for 2012-2016 period.
  • Emulation flags and merit certificates awarded by the Commission for the Management of State Capital at Enterprises in 2018 and 2020; Emulation flags awarded by Vietnam Oil and Gas Group in 2022.
  • Emulation flags awarded by the Ministry of Industry and Trade in 2016.
  • Merit certificates awarded by the Ministry of Industry and Trade to the departments and subsidiaries in 2015-2017 period.
  • Merit certificates awarded by Vietnam Oil and Gas Group in 2015-2018 period and 2020-2022 period.
  • TOP 500 Most Profitable Businesses in Vietnam published in 2023 (Profit 500)
PetroVietnam Low Pressure Gas Distribution Joint Stock Company (PV GAS D), formerly known as Low pressure gas business Enterprise which was established in 2002, under PV GAS.

Contact

028.3784.0445
Floor 7, PV Gas Tower building, 673 Nguyen Huu Tho street, Phuoc Kien, Nha Be, Ho Chi Minh city, Vietnam.
info@pvgasd.com.vn
Monday - Friday: 8:00am to 5:00pm
© 2023 PVGASD. All rights reserved.