Vietnam produced 756.81 thousand tonnes of crude oil in March, up 13.25 percent from 668.29 thousand tonnes in February 2026, according to the latest data from the National Statistics Office.

Year to date output reached 2,166.73 tonnes / 000s by the end of March.

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Listed crude oil companies

Key crude oil firms listed on the Vietnam stock exchange include:

Binh Son Refining and Petrochemical JSC (BSR)

Binh Son Refining and Petrochemical JSC (BSR) operates the Dung Quat Refinery and engages in refining crude oil and producing petroleum products. (BSR)

In March, BSR shares moved from 31.20 to 27.65, a change of -3.55 (-0.11 percent).

Foreign ownership moved from 23,420,089.09 to 23,546,224.79, a change of 126,135.70 (0.01 percent).

PetroVietnam Transportation JSC (PVT)

PetroVietnam Transportation JSC (PVT) operates a fleet transporting crude oil, petroleum, and chemicals across Vietnam and internationally. (PVT)

In March, PVT shares moved from 24.05 to 21.80, a change of -2.25 (-0.09 percent).

Foreign ownership moved from 1,792,474.01 to 1,701,922.19, a change of -90,551.82 (-0.05 percent).

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Vietnam crude oil industry news

Recent industry developments include:

Nghi Son refinery announcement

Nghi Son Refinery and Petrochemical LLC said its refinery is operating stably in March and has secured sufficient crude supply to maintain operations through May 2026.

Nghi Son Refinery and Petrochemical LLC said it is continuing to seek additional crude inputs while receiving support from authorities and partners to maintain fuel supply stability. Read more→

Gov’t projections of crude oil production

Vietnam’s domestic crude oil production is projected to decline to 5.8 to 8.0 million tonnes annually in 2026–2030, down from an average of 8.6 million tonnes in the past five years.

The forecast was released in a government document, citing maturing offshore fields and rising risks to global supply from geopolitical tensions, the publication says. Read more→

PM asks Japan for oil

Prime Minister Pham Minh Chinh requested Japan to supply crude oil from its reserves and facilitate aviation fuel sales to Vietnam amid Middle East supply disruptions.

He proposed access to part of Japan’s 80 million barrel reserve and diversification of crude inputs for the Nghi Son refinery to support energy security. Read more→

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Vietnam’s crude oil industry

Vietnam’s crude oil industry is centred on offshore production, with output led by mature fields such as Bach Ho, and managed primarily by Vietnam Oil and Gas Group (Petrovietnam).

Production has declined over time as key fields mature, prompting efforts to sustain output through enhanced recovery techniques and new exploration.

Crude oil remains an important export commodity, though a growing share is increasingly retained for domestic refining at facilities.

The sector faces structural challenges, including declining reserves, investment constraints, and exposure to global oil price volatility, while policy focuses on energy security and supply diversification.

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