Vietnam imported crude oil to the tune of US$679 million in October down 12.57 percent over September, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had imported US$6,652 million worth of crude oil by the end of October.
In October, Vietnam’s top supplier of crude oil was Kuwait, accounting for US$556 million worth. This was down 0.97 percent over September.
Year to date, Kuwait has shipped US$5,345 million worth of crude oil to Vietnam.
Where the rest of Vietnam’s crude oil imports came from were not listed. These amounted to US$122.7 millions.
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Vietnam imports of crude oil in October, US$millions
| October | September | MoM | YTD | |
| Total | 679.20 | 776.84 | -12.57% | 6,652.10 |
| Other | 122.76 | 137.12 | -10.48% | 798.74 |
| Kuwait | 556.45 | 561.90 | -0.97% | 5,345.14 |
| Brunei Darussalam | 0.00 | 0.00 | 0.00% | 49.97 |
| Nigeria | 0.00 | 77.81 | -100.00% | 458.25 |
Listed energy 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 15,950 on Friday down 0.55 percent with 46,756,000 shares traded, worth VND 75,881 million.
Foreign ownership in BSR is currently capped at 49.0 percent, with current foreign ownership sitting at 0.5 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 24,700 on Friday down 0 percent with 199,565,000 shares traded, worth VND 499,141 million.
Foreign ownership in PVD is currently capped at 49.0 percent, with current foreign ownership sitting at 5.4 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 17,600 on Friday down 0.3 percent with 41,628,000 shares traded, worth VND 74,679 million.
Foreign ownership in PVT is currently capped at 49.0 percent, with current foreign ownership sitting at 8.8 percent.
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Crude oil production
Vietnam produced 685 thousand tons of crude oil in October, down 0.34 percent from September’s 687 thousand tons.
Output for the first ten months of 2025 reached 6.72 million tons, equivalent to 99 percent of the same period in 2024.
Vietnam’s crude oil industry
Vietnam’s crude oil industry has long been a cornerstone of the national economy, contributing significantly to export revenues and state budget.
The sector is led by state-owned PetroVietnam, which manages exploration, production, and partnerships with international oil companies across offshore basins such as Cuu Long, Nam Con Son, and Song Hong.
However, domestic crude oil output has declined in recent years due to maturing fields and limited new discoveries.
Vietnam has increasingly shifted toward refining and petrochemical development, notably through the Dung Quat and Nghi Son refineries, as part of efforts to enhance energy security and reduce reliance on imported fuels.