Vietnam exported crude oil to the tune of US$131 million in December, up from US$125 million in November, a change of 4.84 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year-to-date, Vietnam had exported US$1,394 million worth of crude oil by the end of December.
Australia accounted for US$67 million worth of Vietnam’s crude oil exports in December. This was up from US$65 million in crude oil exports in November, a change of 3.47 percent. Year to date, Vietnam has shipped US$669 million worth of crude oil to Australia.
After Australia, Thailand making up US$22 million worth of Vietnam’s crude oil exports in December. This was down from US$45 million in crude oil exports in November, a change of -50.15 percent. Year to date, Vietnam has shipped US$448 million worth of crude oil to Thailand.
Next was China, taking US$19 million worth of Vietnam’s crude oil exports in December.
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Vietnam exports of crude oil in December, US$m
| December | November | MoM | YTD | |
| Total | 130.88 | 124.84 | 4.84% | 1,393.99 |
| Other | 22.72 | 15.63 | 45.41% | 217.69 |
| Australia | 66.95 | 64.70 | 3.47% | 669.40 |
| Thailand | 22.19 | 44.51 | -50.15% | 448.44 |
| China | 19.02 | 0.00 | 0.00% | 19.02 |
| Japan | 0.00 | 0.00 | 0.00% | 39.44 |
Listed crude oil companies
Key crude oil firms listed on the Vietnam stock exchange include:
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 21,850 on Thursday down 0.05 percent with 167,096,000 shares traded, worth VND 358,964 million.
Foreign ownership in BSR is currently capped at 79.1 percent, with current foreign ownership sitting at 2.1 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 20,500 on Thursday down 0.5 percent with 25,132,000 shares traded, worth VND 51,920 million.
Foreign ownership in PVT is currently capped at 49.0 percent, with current foreign ownership sitting at 10.9 percent.Explore opening a trading account in Vietnam→
Vietnam crude oil industry news
New oil well
Murphy Oil Corporation said its subsidiary successfully drilled the Hai Su Vang-2X appraisal well offshore Vietnam, a discovery analysts say could be Southeast Asia’s largest oil find in 20 years.
The well in Block 15-2/17 encountered 429 feet of oil across two reservoirs and tested at 6,000 barrels per day of 37 degree API crude, according to the company.
Analysts Wood Mackenzie said recoverable resources are now estimated toward the upper end of a previously announced 170 to 430 million barrels of oil equivalent range.
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Vietnam’s crude oil industry
Vietnam’s crude oil industry is centred on offshore production in the southern continental shelf, with output primarily serving export markets and domestic refining needs in Vietnam.
Production has gradually declined as mature fields age, prompting a policy focus on enhanced recovery, new exploration and maximising value through downstream processing.