- Trade petroleum, oil, lubricant, washing services and transportation services.

- Provide equipment for petrol stations, materials and transportations means.

- Construct civil and industrial works, especially petrol stations and warehouses.

- 13 December 1975: Materials - Petroleum Joint Stock Company, formerly Petroleum Management Division of Ho Chi Minh Transportation Department, was established.

- 1993: Renamed as Transportation Materials and Equipment Company.

- 2000: Transformed into Materials - Petroleum Joint Stock Company with an initial charter capital of VND25 billion.

- 2006: Company's stock was listed and traded on HOSE.

- November 2007: Charter capital was increased to VND79.99 billion;

- July 2008: Charter capital was increased to VND86.12 billion;

- August 2010: Charter capital was increased to VND141.2 billion;