Deputy Director General of Vietnam National Petroleum Group (Petrolimex) Dao Nam Hai will become its director general (DG), starting Mar. 1.
He replaces Pham Duc Thang who retired in November 2021. Holding two master degrees in law and business administration, Hai, 48, Hai was its deputy DG for four years, and 9-year DG of Petrolimex’s insurance subsidiary, Petrolimex Joint Stock Insurance Company (PJICO).
Petrolimex has a charter capital of nearly VND13 trillion ($573 billion). In 2021, the group posted net revenue of over VND169 trillion, up 37 percent compared to 2020.
Its 2021 post-tax profit was VND3.1 trillion, 2.5 times higher year-on-year.
The state-owned Petrolimex has a nearly 40 percent share in Vietnam’s petroleum market. has 43 subsidiaries, with 5,000 gasoline stations nation-wide.
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