Vietnam’s crude oil imports rose 18.83 percent month on month to US$776.84 million in September 2025, according to the latest Data from Vietnam’s General Department of Customs.
For the first nine months of the year, imports reached US$5.98 billion.
Kuwait remained Vietnam’s largest supplier at US$561.90 million, slightly down 2.25 percent from August, followed by Nigeria at US$77.81 million, down 1.39 percent.
Brunei recorded no shipments during the month, while imports from other sources surged to US$137.12 million.
Vietnam exports of crude oil in September 2025, US$millions
| September | August | MoM | YTD | |
| Total | 776.84 | 653.74 | 18.83% | 5,976.72 |
| Other | 137.12 | 0.00 | – | 680.98 |
| Kuwait | 561.90 | 574.84 | -2.25% | 4,786.04 |
| Nigeria | 77.81 | 78.90 | -1.39% | 459.73 |
| Brunei Darussalam | 0.00 | 0.00 | 0.00% | 49.97 |
Vietnam crude oil production
Crude oil production in Vietnam fell 1.84 percent month-on-month to 690,000 tons in September 2025 (output in August was 703,000 tons).
For the first nine months of the year, production totalled 6.03 million tons, up 6.3 percent from the same period in 2024.
Vietnam crude oil news
SK Earthon, a subsidiary of SK Innovation, announced in October that it was selling its stake in three oil blocks in Vietnam valued at about 200 billion won (US$140 million) as part of efforts to strengthen its balance sheet.
The company has been involved in four blocks with Murphy Oil of the United States and PetroVietnam Exploration Production (PVEP) since 1998, holding a 25 percent interest.
Listed crude oil firms
BSR (Binh Son Refining & Petrochemical)
BSR operates and manages the Dung Quat refinery, Vietnam’s first large-scale oil refinery.
The company refines crude into products like gasoline (RON 92/95), diesel, jet fuel, liquefied petroleum gas, and polypropylene plastic resins.
BSR closed at VND 27,700 on Friday down 0.35 percent with 89,484,000 shares traded, worth VND 251,664 million.
Foreign ownership in BSR is currently capped at 49 percent, with current foreign ownership sitting at 0.7 percent.
Vietnam’s crude oil industry
Vietnam’s crude oil industry plays a central role in the country’s energy and export structure, driven by offshore reserves in the Cuu Long and Nam Con Son basins.
Domestic production has declined in recent years as older fields mature, leading to increased dependence on imported crude for domestic refineries such as Dung Quat and Nghi Son.
Crude oil remains one of Vietnam’s top export commodities, though refining capacity expansion has shifted more focus toward domestic processing.
The government continues to promote exploration investment, with partnerships involving PetroVietnam and international energy firms to stabilise supply and support energy security.