Vietnam produced 718 thousand tons of crude oil in November, down 0.34 percent from 720.45 thousand tons in October, according to the latest data from the National Statistics Office.
Over the first ten months of the year, output reached 7,470.01 thousand tons.
Listed crude oil companies
Binh Son Refining and Petrochemical JSC
Binh Son Refining and Petrochemical JSC (BSR) operates the Dung Quat Refinery and engages in refining crude oil and producing petroleum products.
BSR closed at VND 14,950 on Thursday down 0.3 percent with 74,206,000 shares traded, worth VND 111,917 million.
Foreign ownership in BSR is currently capped at 79.1 percent, with current foreign ownership sitting at 1.1 percent.
PetroVietnam Drilling and Well Services Corporation
PetroVietnam Drilling and Well Services Corporation (PVD) provides oil drilling, engineering, and technical services for the petroleum industry.
PVD closed at VND 27,100 on Thursday up 0.1 percent with 56,584,000 shares traded, worth VND 152,134 million.
Foreign ownership in PVD is currently capped at 49.0 percent, with current foreign ownership sitting at 9.6 percent.
PetroVietnam Transportation JSC
PetroVietnam Transportation JSC (PVT) operates a fleet transporting crude oil, petroleum, and chemicals across Vietnam and internationally.
PVT closed at VND 18,300 on Thursday down 0.05 percent with 12,716,000 shares traded, worth VND 23,335 million.
Foreign ownership in PVT is currently capped at 49.0 percent, with current foreign ownership sitting at 9.2 percent.
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Vietnam crude oil industry news
Refinery US crude import increase
BSR (Binh Son Refining and Petrochemical) is increasing imports of US crude oil and will receive 1 million barrels of WTI in early January 2026, its second shipment in three months.
BSR is importing WTI to replace Su Tu Den crude, which is being prioritised for export.
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Vietnam’s crude oil industry
Vietnam’s crude oil industry is a long-established pillar of the country’s energy sector.
State-owned PetroVietnam plays a central role, working with international partners to maintain output while managing declining mature fields and rising extraction costs.
Crude oil production contributes to export earnings and fiscal revenue, but volumes have gradually declined as reserves mature and new discoveries are limited.
As a result, Vietnam is increasingly focused on enhanced recovery, selective new exploration, and balancing crude output with growing downstream refining and petrochemical capacity.