Famous in Thanh land

Mr. Trinh Xuan Nghiem (54 years old) - Chairman of Anh Phat Construction Investment and Trading Corporation was temporarily detained by the Investigation Police Agency of the Ministry of Public Security.

Mr. Nghiem was arrested to investigate the act of "irresponsibility in managing and protecting the iron ore mine in Thanh Lam commune (Nhu Xuan district, Thanh Hoa) of Thanh Hoa Cement Additives Construction Minerals Joint Stock Company, causing damage to state property".

Anh Phat Construction Investment and Trading Corporation – JSC, formerly Anh Phat Company Limited, was established in 2005. In 2010, Anh Phat Company Limited was transformed into Anh Phat Construction Investment and Trading Corporation – JSC.

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Anh Phat is a famous enterprise in Thanh Hoa. Photo: Anh Phat

Mr. Trinh Xuan Nghiem used to work at Thanh Hoa Petroleum Construction Investment Joint Stock Company (PVC-TH), a subsidiary of the Petroleum Construction Corporation (PVC). In 2013, Mr. Nghiem left to focus on Anh Phat.

That was also the time when Anh Phat "rose" rapidly, becoming a famous enterprise in Thanh Hoa in many fields such as: minerals, construction and installation of architectural works, irrigation and traffic, technical infrastructure, real estate business, investment in infrastructure business projects, and trade.

This enterprise is present in a series of projects, most concentrated in projects in Nghi Son town. These are Dong Vang Industrial Park Project with a total area of ​​491.9 hectares in 3 communes of Tan Truong, Phu Lam and Tung Lam; Anh Phat Water Plant with a clean water capacity of 60,000m3/day and night and raw water of 90,000m3/day and night; Nghi Son Port 3,4,5 with a total investment of 1,626 billion VND.

This company also owns a series of restaurants, hotels and resorts in Thanh Hoa.

Anh Phat Corporation is also known as the investor who bought 87.51% of Song Ma LLC's capital in 2013 to become the largest shareholder and owner of this company. In March 2018, Song Ma Company increased its charter capital to 200 billion VND, and Anh Phat Company divested all its capital here.

New oil tycoon

In 2017, Anh Phat started to enter the petroleum industry and quickly showed its ambition to become a "big guy" in this field. Anh Phat Petro Joint Stock Company is one of the subsidiaries of Anh Phat Construction Investment and Trading Corporation - JSC.

Anh Phat Petro Joint Stock Company was established in 2017 under the business registration certificate No. 2802493498 issued by the Department of Planning and Investment of Thanh Hoa province on November 10, 2017. In 2019, this enterprise was licensed by the Ministry of Industry and Trade to be the main importer and exporter of petroleum, becoming a giant in this field.

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A gas station of Anh Phat. Photo: Anh Phat

Anh Phat was also approved for the investment policy of the "Complex of petrol, oil - liquefied gas - logistics services" with a total project area of ​​34 hectares in Nghi Son Economic Zone. The scale of the first phase of the petrol depot includes: The petrol depot has 14 tanks, with a total capacity of 165,500 m3; the LNG depot has 2 tanks with a capacity of over 2,000 m3; 3 petrol import and export ports with a capacity of 3,000 tons, 2 ports of 12,000 tons, 1 port of 80,000 tons with wharves, waterways and turning areas.

The total investment in phase 1 is more than 3,800 billion VND. This petroleum depot and port will be inaugurated in 2021.

On April 2, 2023, Anh Phat started the construction of the GAS and LNG Development Zone project and other types of petrochemical refining ancillary facilities phase 2. This project has a total investment of more than 3,938 billion VND.

Currently, this company has a fuel tank warehouse system in Thanh Hoa province and Nha Be area, Ho Chi Minh City, Hai Phong city, along with a system of retail gasoline stores in and outside the province. Not only selling gasoline domestically, this company has also exported gasoline to the Lao market (in 2022).

This company was named by the Ministry of Industry and Trade Inspectorate in the inspection conclusion in 2022.

According to the report provided to the inspection team, as of March 10, 2022, this enterprise has 12 retail stores owned or co-owned; 41 retail agents selling gasoline.

When comparing and checking the documents, the Inspectorate of the Ministry of Industry and Trade concluded that Anh Phat Petro Joint Stock Company did not meet the conditions for a petroleum distribution system with at least 40 petroleum general agents in the distribution system as prescribed in Article 7, Decree No. 83/2014-ND-CP amended.

In addition, this enterprise has not regularly inspected and monitored the quality and business activities of petroleum of general agents and agents in the system; and has not sent written notices to the authorities.

As of January 16, the Petroleum Price Stabilization Fund at this enterprise still had 162 billion VND (rounded).

In an interview with Investor magazine in January 2023, Mr. Trinh Xuan Nghiem was quoted in the article:

"A person without culture and ethics will always be despised and will never develop himself; a family without culture and ethics will fall apart; a company or business without culture and ethics will not succeed or will collapse soon."