Petrolimex Saigon secures 100 bn dong in credit lines

Petrolimex Saigon Transportation and Service Joint Stock Company (Petrolimex Saigon) has officially approved significant credit facilities with BIDV – Ba Muoi Thang Tu Branch, as per a Board of Directors' Resolution dated September 30, 2025. This strategic financial arrangement aims to support both fixed asset investments and ongoing business operations.

The company secured a credit limit of VND40,000,000,000 for fixed asset investments, with a repayment period of five years. These funds are earmarked for legitimate expenses, including purchasing new assets, acquiring assets from related parties, and investing in assets from external organizations and individuals.

Additionally, Petrolimex Saigon established a VND60,000,000,000 credit limit for short-term working capital, opening Letters of Credit (L/C), and issuing unconditional guarantees. This facility will finance short-term loans, L/C issuance, and guarantees (excluding loan guarantees). The chairman of the board, Bui Trung Dinh, and the director, Nguyen Xuan Thai, are authorized to negotiate and finalize all related agreements.