Vietnam produced 786.69 thousand tonnes of crude oil in May, up 3.50 percent from 760.06 thousand tonnes in April 2026, according to the latest data from the National Statistics Office.
Year to date output reached 2941.74 thousand tonnes by the end of May.
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 such as Dung Quat and Nghi Son.
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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The data
TABLE: Vietnam crude oil production in 2026
| Unit | May 2026 | April 2026 | MoM | YTD | May 26 / 25 | 5M 26 / 25 | |
| crude oil | tonnes / 000s | 786.69 | 760.06 | 3.50% | 2,941.74 | 12.56% | 13.86% |