External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

Vietnam National Petroleum Gro / Equity Bottom-Up

<ul><li>Vietnam National Petroleum Group (Petrolimex – PLX VN), a wholesaler, dominates Vietnam's domestic petroleum products market, accounting for more than 48% of local gasoline distribution.</li><li>By end-2024, PLX owned a network of 4,730 stations out of a total of 17,000 fuel outlets nationwide, which is twice as many as the second-largest player.</li><li>In August 2024, the Ministry of Industry and Trade (MoIT) released the fourth draft of the new petroleum decree, which amends and revises application Decrees 83/2014, 95/2021, and 80/2023.</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Vietnam National Petroleum Group (Petrolimex – PLX VN), a wholesaler, dominates Vietnam's domestic petroleum products market, accounting for more than 48% of local gasoline distribution.By end-2024, PLX owned a network of 4,730 stations out of a total of 17,000 fuel outlets nationwide, which is twice as many as the second-largest player.In August 2024, the Ministry of Industry and Trade (MoIT) released the fourth draft of the new petroleum decree, which amends and revises application Decrees 83/2014, 95/2021, and 80/2023.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Vietnam National Petroleum Group (PLX VN Equity/Buy) - Revaluation from Regulatory Changes