Saigon Fuel Joint-Stock Company whose precursor is Hochiminh City Fuel Company established in 1976 under establishment decision No.36/TCCO directly Department of Commerce, with the function of organizing, receiving and exploiting fuel source to supply Hochiminh City.
To execute innovative policy of Communist Party and Government, 01/10/2000, the company convert official proprietary form from Government Enterprise to Joint-Stock Company with the name of Saigon Fuel Joint-Stock Company, under Dicision No. 4225/QN-UB-TTg/2000 20/06/2000 of The Prime Minister and Business registration No.4103000145 01/09/2000 of Department of Investment Plan Hochiminh City.
Companies in Vietnam may be finding it harder to repay dollar debt in the wake of its latest dong devaluation but demand for greenback loans is rising on speculation that the exchange rate will be stable in the short term, bankers said.