- Trading, importing and exporting equipment and technologies.

- Trading petroleum.

- Trading lubricants, chemicals and liquefied petroleum gas (LPG).

- Producing steel tanks for petroleum storage, and petroleum specialize equipment.

- Constructing, maintaining and repairing petroleum storage works.

- 28 December 1968: Material Department I was established under the Decision No. 412/VT issued by Director General of Material General Department;

- 20 December 1972: Renamed as Material Company I;

- 12 April 1977: Renamed as Petroleum Specialized Material Company;

- 19 December 2001: Petrolimex Equipment Company under Vietnam National Petroleum Corporation;

- 17 January 2002: Started to operate in a joint stock company model with a charter capital of VND 24.246 billion;

- 18 January 2016: Traded on the UPCOM market;

- 07 June 2018: Charter capital was raised up to VND38,793,600,000;