Vietnam imported crude oil to the tune of US$391 million in November, down from US$679 million in October, a change of -42.41 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had imported US$7,017 million worth of crude oil by the end of November.
Kuwait accounted for US$267 million worth of Vietnam’s crude oil imports in November. This was down from US$556 million in crude oil imports in October, a change of 52.07 percent. Year to date, Kuwait has shipped US$5,589 million worth of crude oil to Vietnam.
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Vietnam imports of crude oil in November, US$m
| November | October | MoM | YTD | |
| Total | 391.15 | 679.20 | -42.41% | 7,016.93 |
| Other | 124.45 | 122.76 | 1.38% | 919.66 |
| Kuwait | 266.69 | 556.45 | -52.07% | 5,589.05 |
| Brunei Darussalam | 0.00 | 0.00 | 0.00% | 49.97 |
| Nigeria | 0.00 | 0.00 | 0.00% | 458.25 |
Listed crude oil companies
These companies are listed on the Ho Chi Minh City Stock Exchange.
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 16,250 on Friday up 0.35 percent with 116,877,000 shares traded, worth VND 187,804 million.
Foreign ownership in BSR is currently capped at 79.1 percent, with current foreign ownership sitting at 1.6 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 18,500 on Friday up 0.1 percent with 20,056,000 shares traded, worth VND 36,999 million.
Foreign ownership in PVT is currently capped at 49.0 percent, with current foreign ownership sitting at 9.7 percent.
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Crude oil production
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.
View the full report on Vietnam crude oil production in November→
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.