Nghe An Petroleum Company: Developing the market, actively contributing to the budget

(Baonghean) - Nghe An Petroleum Company (Petrolimex Nghe An) trades in petroleum, petrochemical products and domestic products of the Vietnam National Petroleum Group. In addition to meeting consumer demand and socio-economic development, the company also reserves, serves national defense - security, and prevents floods and storms. In addition, the unit also re-exports petroleum to Laos. Each year, the company pays nearly 200 billion VND in domestic taxes to Nghe An.

Accompanying the locality throughout the development and integration process, Petrolimex Nghe An Company is always proud to be the leading enterprise in ensuring the supply of quality goods and services. The company also contributes to stabilizing market prices, affirming its position as a professional, leading unit in the field of petroleum trading in the province, protecting and enhancing the value of the Petrolimex brand and being a trusted address for consumers.

The company's gas station is on Le Hong Phong Street, Vinh City.

Mr. Vo Anh Tuan, Deputy Director of Petrolimex Nghe An said: In recent years, although the domestic economy in general and the petroleum business situation in particular have faced many difficulties, the company has still exceeded most of the annual assigned plan targets with an average growth rate of 8-10%/year. Profitable business, jobs for employees are always guaranteed with higher incomes year after year, while fulfilling the obligation to pay the State budget. In 2014, petroleum output reached 290,294m3; Revenue: 5,720 billion VND; Profit 11 billion VND; The average income of more than 550 employees of Petrolimex Nghe An reached 6.6 million VND/person/month. Regarding the budget payment target, Petrolimex Nghe An is one of the units that contribute the largest budget to the province. In 2014, import tax paid at Nghe An Customs was 493 billion VND, domestic tax paid locally was 177 billion VND. Not only fulfilling its budget obligations, Petrolimex Nghe An also connects with the locality by actively participating in charity and humanitarian activities.

With a business output of over 270 thousand tons of gasoline/year, Petrolimex Nghe An currently has 2 warehouses: Ben Thuy with a capacity of 18,800m3 and Nghi Huong with a capacity of 38,800m3, 71 gas stations located in districts, towns and cities of Nghe An province, 5 gas specialized stores and 1 general business center. In recent years, with the general direction of the Vietnam National Petroleum Group, the retail store network system has been invested in and developed by the company to be increasingly spacious, modern and synchronous in accordance with the standards of Petrolimex brand recognition. In management, Petrolimex Nghe An has applied the advanced management program SAP-ERP and the EGAS gas station management program.

Despite many difficulties due to the fluctuation of the petroleum market and fierce competition in recent years, Nghe An Petroleum Company has known how to take advantage of the local economy to continue to grow and expand the market. The company has a clear development strategy, combining short-term and long-term goals, diversifying business products around the main axis of petroleum and effectively promoting business products such as: Petrolimex lubricants, Petrolimex gas, Petrolimex paint, JANA detergent, Petrolimex insurance (PJICO), fast money transfer... associated with the Campaign "Vietnamese people prioritize using Vietnamese goods". Petrolimex Nghe An has made remarkable progress: Promoting investment and perfecting the distribution system; improving the quality of human resources; innovating and improving the quality of corporate governance; effectively coordinating the activities of mass organizations and authorities under the leadership of the Party Committee.

Currently, the management of selling prices is regulated by Decree 83/ND-CP dated September 3, 2014, effective from November 1, 2014, accordingly, gasoline prices are operated according to the market mechanism under the management of the State, clearly stipulating the frequency of price adjustment amplitude in accordance with the fluctuations of world oil prices. The company is facing some difficulties such as fierce competition in the area due to many sources of gasoline from other key companies such as PVOIL Vung Ang; PVOIL Thanh Hoa; Military Petroleum Corporation; general agents of other key companies and some sources of goods of unknown origin. State management related to the field of gasoline business in the province is not really drastic. Besides, the number of gasoline stores in the area is large (the whole province has approximately 650 gasoline stations).

Faced with that reality, Petrolimex Nghe An proposes that the General Department of Taxation, the Nghe An Tax Department and relevant authorities strengthen the management of budget revenue for petroleum retail businesses through cumulative control of pump stations to avoid tax losses, ensuring fairness for businesses; at the same time, strengthen the management of the petroleum market, thoroughly handle a number of petroleum businesses that illegally use the Petrolimex brand/trademark. On the company's side, it will increase the level of brand recognition of Petrolimex for franchisees and agents, thereby increasing output and affirming the position of the Petrolimex brand in the market. At the same time, develop the retail network, increase the number of points of sale to develop the brand and increase the company's market share in the province. Invest in building and repairing spacious, clean and beautiful petroleum stores, ensuring civilized trade.

In addition, the company will promote commercial civilization, improve the quality of services before, during and after sales, increase competitiveness to maintain its position and reputation in the petroleum business in the province. Petrolimex Nghe An also improves management, reduces costs, promotes in-depth investment, modernizes facilities, builds and expands a system of petroleum stores that meet advanced, modern and civilized standards, widely applies information technology, automation in management and operation, strictly implements the Law on Fire Prevention and Fighting, protects the environment, and ensures absolute safety in all aspects. Petrolimex Nghe An continuously improves and innovates corporate governance methods in an advanced and effective direction to improve the quality of human resources, creating a good environment for officers and employees to voluntarily contribute and stick with the enterprise. In 2015, according to the assigned plan, Petrolimex Nghe An will pay 391 billion VND in taxes due to increased environmental fees. This is a high target that requires the unit's officers and employees to make efforts to achieve.

Article and photos:Pearl