The Vietnam National Petroleum Group (Petrolimex) has proposed to merge the Petrolimex Petroleum Services Corporation (PTC) in a submission to the 2025 General Meeting of Shareholders. PTC, which has a charter capital of 300 billion VND and has been operational since 2017, specializes in providing road petroleum transport services. However, Petrolimex believes that PTC has not yet achieved the desired efficiency in managing and scheduling transportation operations, leading to increased costs within the system. Profits from PTC have not matched the investment capital of the group. To address these issues, Petrolimex intends to merge PTC in order to improve operational efficiency and competitiveness within the petroleum transport sector. Following the merger, the group’s charter capital will remain unchanged at 12.9 trillion VND, and there will be no changes in leadership members.
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