Vietnam imported petroleum products to the tune of US$474 million in November, down from US$480 million in October, a change of -1.45 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had imported US$6,194 million worth of petroleum products by the end of November.
South Korea accounted for US$130 million worth of Vietnam’s petroleum products imports in November. This was up from US$101 million in petroleum products imports in October, a change of 29.52 percent. Year to date, South Korea has shipped US$1,697 million worth of petroleum products to Vietnam.
After South Korea was China making up US$118 million worth of Vietnam’s petroleum products imports in November. This was up from US$72 million in petroleum products imports in October, a change of 63.05 percent. Year to date, China has shipped US$909 million worth of petroleum products to Vietnam.
Next was Singapore contributing US$112 million worth of Vietnam’s petroleum products imports in November. This was down from US$160 million in petroleum products imports in October, a change of 30.32 percent. Year to date, Singapore has shipped US$2,127 million worth of petroleum products to Vietnam.
Following Singapore was Malaysia representing US$56 million worth of Vietnam’s petroleum products imports in November. This was down from US$63 million in petroleum products imports in October, a change of 11.79 percent. Year to date, Malaysia has shipped US$958 million worth of petroleum products to Vietnam.
Rounding out the top five was Thailand constituting US$33 million worth of Vietnam’s petroleum products imports in November. This was down from US$51 million in petroleum products imports in October, a change of 35.18 percent. Year to date, Thailand has shipped US$260 million worth of petroleum products to Vietnam.
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Vietnam imports of petroleum products in November, US$millions
| November | October | MoM | YTD | |
| Total | 473.50 | 480.47 | -1.45% | 6,193.94 |
| Other | 24.69 | 32.77 | -24.65% | 243.26 |
| South Korea | 130.50 | 100.75 | 29.52% | 1,696.77 |
| China | 117.73 | 72.21 | 63.05% | 908.98 |
| Singapore | 111.61 | 160.17 | -30.32% | 2,126.69 |
| Malaysia | 55.82 | 63.28 | -11.79% | 958.22 |
| Thailand | 33.15 | 51.14 | -35.18% | 259.76 |
| Hong Kong | 0.00 | 0.15 | -100.00% | 0.15 |
| Japan | 0.00 | 0.00 | 0.00% | 0.02 |
| Russia | 0.00 | 0.00 | 0.00% | 0.09 |
Listed petroleum companies
These companies are listed on the Ho Chi Minh City Stock Exchange.
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 4,680 on Friday down 0 percent with 495,000 shares traded, worth VND 231 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 13,500 on Friday down 0.75 percent with 68,771,000 shares traded, worth VND 95,556 million.
Foreign ownership in BSR is currently capped at 79.1 percent, with current foreign ownership sitting at 0.7 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 30,100 on Friday down 0 percent with 0 shares traded, worth VND 0 million.
Foreign ownership in COM is currently capped at 49.0 percent, with current foreign ownership sitting at 0.2 percent.
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Vietnam petroleum news
Recent developments include:
Hanoi petrol motorbike ban details
Hanoi will pilot a ban on petrol motorbikes in nine inner-city wards inside Ring Road 1 from 1 July 2026, applying restrictions by hours or zones.
Deputy Director of the city’s Department of Construction Dao Viet Long has said 20 percent of commercial transport motorbikes must convert by January 1 2027, 50 percent by January 1 2028 and 100 percent by January 1 2030.
He added that from 1 July 2026, all new or replacement taxis and passenger cars up to eight seats must use clean energy, with full conversion by 1 January 2030.
Legislated open hours petrol stations
Retail fuel stations in Dong Thap Province will be required to open for at least 12 continuous hours a day under a new provincial decision.
The rules, effective from December 2025, prohibit stations from opening later than 6am or closing earlier than 6pm and apply to all retail fuel traders.
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Vietnam’s petroleum products industry
The petroleum products industry in Vietnam plays a central role in supplying fuels for transport, power generation and manufacturing.
Refining capacity is concentrated at major complexes that process imported crude alongside domestic output to meet rising national demand.
The sector relies heavily on imports of both crude oil and finished petroleum products due to limited domestic production.
Ongoing upgrades and investments aim to improve energy security and reduce dependence on external supply.