Vietnam exported petroleum products to the tune of US$94 million in December, up from US$75 million in November, a change of 24.60 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had exported US$942 million worth of petroleum products by the end of December.
China accounted for US$31 million worth of Vietnam’s petroleum products exports in December. This was up from US$20 million in petroleum products exports in November, a change of 54.35 percent. Year to date, Vietnam has shipped US$235 million worth of petroleum products to China.
After China was South Korea making up US$29 million worth of Vietnam’s petroleum products exports in December. This was up from US$16 million in petroleum products exports in November, a change of 76.98 percent. Year to date, Vietnam has shipped US$250 million worth of petroleum products to South Korea.
Next was Cambodia taking US$14 million worth of Vietnam’s petroleum products exports in December. This was down from US$16 million in petroleum products exports in November, a change of -12.17 percent. Year to date, Vietnam has shipped US$170 million worth of petroleum products to Cambodia.
Following Cambodia was Singapore representing US$10 million worth of Vietnam’s petroleum products exports in December. This was up from US$7 million in petroleum products exports in November, a change of 35.80 percent. Year to date, Vietnam has shipped US$158 million worth of petroleum products to Singapore.
Rounding out the top five was Malaysia constituting US$4 million worth of Vietnam’s petroleum products exports in December. This was down from US$8 million in petroleum products exports in November, a change of -55.81 percent. Year to date, Vietnam has shipped US$65 million worth of petroleum products to Malaysia.
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Vietnam exports of petroleum products in December, US$m
| December | November | MoM | YTD | |
| Total | 93.61 | 75.13 | 24.60% | 942.25 |
| Other | 1.80 | 4.88 | -63.05% | 30.00 |
| China | 31.21 | 20.22 | 54.35% | 234.99 |
| South Korea | 28.67 | 16.20 | 76.98% | 249.79 |
| Cambodia | 14.45 | 16.45 | -12.17% | 169.85 |
| Singapore | 9.67 | 7.12 | 35.80% | 158.37 |
| Malaysia | 3.57 | 8.08 | -55.81% | 64.83 |
| Russia | 3.07 | 0.00 | 0.00% | 11.15 |
| Laos | 0.85 | 1.49 | -43.03% | 16.49 |
| Hong Kong | 0.33 | 0.33 | -0.19% | 4.22 |
| Indonesia | 0.00 | 0.29 | -100.00% | 0.91 |
| Thailand | 0.00 | 0.08 | -100.00% | 1.65 |
Listed petroleum products companies
Key petroleum products firms listed on the Vietnam stock exchange include:
An Pha Petrol Joint Stock Company
An Pha Petrol Joint Stock Company (ASP) trades liquefied gas, petroleum equipment and materials, and transports petroleum products.
ASP closed at VND 4,790 on Friday down 0.04 percent with 220,000 shares traded, worth VND 105 million.
Foreign ownership in ASP is currently capped at 0.0 percent, with current foreign ownership sitting at 0.0 percent.
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 22,400 on Friday up 0.55 percent with 222,014,000 shares traded, worth VND 499,486 million.
Foreign ownership in BSR is currently capped at 79.1 percent, with current foreign ownership sitting at 2.2 percent.
Petroleum Materials Distribution JSC
Petroleum Materials Distribution JSC (COM) trades petroleum products and distributes fuels and lubricants under the Petrolimex network.
COM closed at VND 34,100 on Friday down 2.5 percent with 41,000 shares traded, worth VND 140 million.
Foreign ownership in COM is currently capped at 49.0 percent, with current foreign ownership sitting at 0.2 percent.
Petrolimex Gas Corporation
Petrolimex Gas Corporation
PGC closed at VND 14,600 on Friday up 0.2 percent with 539,000 shares traded, worth VND 784 million.
Foreign ownership in PGC is currently capped at 49.0 percent, with current foreign ownership sitting at 2.0 percent.
Petrolimex Insurance Corporation
Petrolimex Insurance Corporation (PGI) provides non-life insurance products, including vehicle, property, and marine coverage.
PGI closed at VND 19,300 on Friday down 0 percent with 13,000 shares traded, worth VND 25 million.
Foreign ownership in PGI is currently capped at 100.0 percent, with current foreign ownership sitting at 20.4 percent.
Petrolimex International Trading JSC
Petrolimex International Trading JSC (PIT) imports, exports, and trades petroleum, chemicals, and industrial materials.
PIT closed at VND 7,100 on Friday down 0.1 percent with 99,000 shares traded, worth VND 68 million.
Foreign ownership in PIT is currently capped at 0.0 percent, with current foreign ownership sitting at 0.0 percent.
Petrolimex Joint Stock Tanker Company
Petrolimex Joint Stock Tanker Company (PJT) transports petroleum products by sea and provides maritime logistics services.
PJT closed at VND 9,900 on Friday up 0.13 percent with 10,000 shares traded, worth VND 10 million.
Foreign ownership in PJT is currently capped at 0.0 percent, with current foreign ownership sitting at 0.0 percent.
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Vietnam petroleum products news
Recent developments include:
Fuel retailer market exit
The Ministry of Industry and Trade has revoked the fuel distribution licence of Dai Long Petroleum Trading Joint Stock Company at the firm’s request, effective January 2026.
The Hanoi-based company was granted its fuel distributor licence in July 2023, valid to July 2028, before formally asking to exit the business in December 2025.
Vietnam reportedly now has just over 250 fuel distributors, down from more than 330 two years ago, while total fuel consumption in 2025 was about 26.4 million cubic metres or tonnes, unchanged year on year.
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Vietnam’s petroleum products industry
Vietnam’s petroleum products industry plays a central role in the economy by supplying fuels for transport, power generation, manufacturing, and household use.
The sector is closely regulated, with pricing, distribution, and reserves managed to support energy security and macroeconomic stability.
Domestic refining capacity has expanded in recent years, reducing reliance on imports but not eliminating exposure to global oil price movements.
At the retail level, petroleum products remain sensitive to policy adjustments, taxes, and fees, making the industry an important transmission channel between global energy markets and domestic inflation.