Gasoline and oil production in Vietnam down 2.45% in January 2026

Vietnam produced 1,522.50 thousand tons of gasoline and oil in January, down 2.45 percent from 1,560.81 thousand tons in December, according to the latest data from the National Statistics Office.

Year-to-date output reached 1,522.50 thousand tons by the end of January.

Listed gasoline and oil companies

Key gasoline and 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, 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.

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, 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.

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Vietnam gasoline and oil industry news

MoU with US firms crude oil supply

Vietnam’s 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.

Vietnam’s gasoline and oil industry

Vietnam’s gasoline and oil industry is anchored by upstream production led by PetroVietnam and its joint ventures, alongside refining at Dung Quat and Nghi Son.

Domestic output meets a large share of fuel demand, but Vietnam continues to import crude oil and refined petroleum products to balance supply.

Retail distribution is dominated by state-linked and large private firms such as Petrolimex and PV Oil, operating nationwide networks of fuel stations.

Pricing is regulated by the government through periodic adjustments and a stabilisation mechanism aimed at cushioning global oil price volatility.

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The data

TABLE: Gasoline and oil production in Vietnam