Vietnam produced 726.92 thousand tons of crude oil in January, up 3.15 percent from 704.69 thousand tons in December, according to the latest data from the National Statistics Office.
Year-to-date output reached 726.92 thousand tons by the end of January.
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 24,500 on Friday, February 13, up 0.6 percent with 133,645,000 shares traded, worth VND 323,836 million.
Foreign ownership in BSR is currently capped at 79.1 percent, with current foreign ownership sitting at 2.9 percent.
Hoa Phat Group
Hoa Phat Group is one of Vietnam’s largest industrial conglomerates, primarily engaged in iron and steel production, including construction steel, hot-rolled coil, pipes, and galvanized sheets.
HPG closed at VND 26,850 on Friday, February 13, down 0.05 percent with 240,698,000 shares traded, worth VND 648,095 million.
Foreign ownership in HPG is currently capped at 49.0 percent, with current foreign ownership sitting at 20.8 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 34,150 on Friday, February 13, up 1 percent with 56,034,000 shares traded, worth VND 187,226 million.
Foreign ownership in PVD is currently capped at 49.0 percent, with current foreign ownership sitting at 12.8 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 20,050 on Friday, February 13, down 0.1 percent with 17,595,000 shares traded, worth VND 35,310 million.
Foreign ownership in PVT is currently capped at 49.0 percent, with current foreign ownership sitting at 10.7 percent.
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Vietnam crude oil industry news
MoU with US firms on crude oil supply
The Binh Son Refining has signed memoranda with several United States firms to secure crude oil supplies for the Dung Quat refinery and explore biofuel cooperation in Washington on February 3, 2026.
The agreements with Chevron, Marquis Energy and ADM Asia-Pacific Trading cover crude supply stability and potential imports of bioethanol and corn feedstock for domestic biofuel production.
The agreements are in line with attempts to ease trade tensions with the US with respect to Vietnam’s trade surplus with the country.
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Vietnam’s crude oil industry
Vietnam’s crude oil industry developed in the late twentieth century following offshore discoveries in the Cuu Long and Nam Con Son basins, becoming a key source of export revenue and foreign exchange.
Production has historically been led by the state-owned Vietnam Oil and Gas Group, working with foreign partners under production sharing contracts to develop offshore blocks.