Vietnam’s imports of crude oil amounted to US$557.12 million in May 2025, according to figures released by Vietnam’s General Department of Customs. This represents a significant decrease of 20.19 percent compared to April, bringing the year-to-date (YTD) import value to US$3.42 billion.
Kuwait remains the dominant supplier despite a notable decline:
Kuwait continued to be the primary source for crude oil imports, with a May value of US$424.72 million. This signifies a decrease of 27.02 percent from April but still represents a substantial 79.12 percent of the total year-to-date imports.
Nigeria sees a decrease in imports:
Imports from Nigeria also experienced a decline of 12.69 percent in May, falling to US$65.84 million. Nigeria accounts for 6.47 percent of the YTD imports.
Brunei Darussalam emerges as a new supplier:
Notably, Brunei Darussalam, which had no recorded imports in April, became a supplier in May with imports valued at US$49.97 million, accounting for 1.46 percent of the YTD total.
Other imports show significant increase:
The “Other” category saw a substantial increase of 63.54 percent in May, reaching US$66.56 million, indicating diversification or fluctuating smaller-scale imports from various sources.
The overall sharp decline in May’s crude oil imports suggests a reduced demand or strategic adjustments in Vietnam’s energy sector. While Kuwait remains the primary source, the emergence of new suppliers like Brunei Darussalam and the increase in ‘Other’ imports indicate a dynamic import landscape.
See also: Vietnam’s Crude Oil Industry 2025: Production, Trade & Key Players
Vietnam imports of crude oil, May 2025, US$ millions
| May | April | MoM | YTD | % of YTD | |
| Total | 557.12 | 698.05 | -20.19% | 3,424.98 | 100.00% |
| Other | 66.56 | 40.70 | 63.54% | 0.00 | 0.00% |
| Kuwait | 424.72 | 581.95 | -27.02% | 2,709.69 | 79.12% |
| Nigeria | 65.84 | 75.40 | -12.69% | 221.59 | 6.47% |
Brunei Darussalam | 0.00 | 0.00 | 0.00% | 49.97 | 1.46% |