PETROCONS seeks partners to provide divestment consulting services

Văn Chung |

PETROCONS - a member unit of Petrovietnam is strongly implementing restructuring and divestment at subsidiaries.

Currently, Vietnam Oil and Gas Construction Joint Stock Corporation (PETROCONS) and Dong Do Petroleum Joint Stock Company (PETROCONS-ĐĐ - a member unit of PETROCONS) are implementing the policy of transferring the entire contributed capital at Binh Son Petroleum Construction Joint Stock Company (PVC-Binh Son). Therefore, they wish to find a consulting unit with capacity and experience in the field of capital divestment consulting to support the development of a plan and deployment of the divestment of the entire capital in PVC-Binh Son to ensure the principles of publicity, transparency, efficiency and compliance with current legal regulations.

Binh Son Petroleum Construction Joint Stock Company (PVC Binh Son) operates under the joint stock company model with a transparent management and financial system, complete legal documents and charter capital of 365 billion VND. The company's core business focuses on construction and installation of industrial, infrastructure and civil works items, especially key projects in the oil and gas value chain.

PVC-Bình Sơn đang xây dựng Khu Thể thao Phước Sơn - tỉnh Quảng Nam. Ảnh: Petrovietnam
PVC-Binh Son is building Phuoc Son Sports Zone - Quang Nam province. Photo: Petrovietnam

Regarding the current operating situation, PVC Binh Son is still maintaining its capacity in core business segments, and at the same time proactively entering the strategic phase of comprehensively restructuring its asset portfolio. The company is actively reviewing and divesting capital from inefficient investment items in order to streamline the operating apparatus, minimize costs and standardize the management model. Although in the process of transformation, the company still maintains the "soft assets" block which is a wealth of construction experience, once leaving a strong mark through directly completing large-scale projects such as the Petroleum Institute Phase 2, Rach Chanh Ferry Terminal or Tan Cang Petro Cam Ranh.

The above projects are the clearest proof of practical implementation capacity, ability to meet progress and compliance with strict technical standards of the industry. In parallel with construction experience, PVC Binh Son also holds a strategic advantage in facilities and auxiliary infrastructure systems associated with key operating areas. The entire asset structure and legal status have been carefully classified, ensuring the highest transparency.

For investors, receiving the transfer and takeover of a business with a clean legal foundation, clear capital structure and ready equipment network will bring a double advantage: both significantly saving initial investment costs (CAPEX) and the time to establish the apparatus, and being able to immediately take advantage of existing resources to bid and exploit new commercial contracts. This is a solid launching pad for strategic investors to maintain the continuity of the system, bring the business into a new growth cycle and optimize cash flow immediately after the transfer process is completed.

Information from PETROCONS said that the Corporation has built a preliminary introduction about PVC-Binh Son, wishing partners with experience in restructuring and divestment to research, learn information and send feedback to PETROCONS until the end of August 14, 2026.

Văn Chung
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