Vietnam’s imports of petroleum products reached US$480.41 million in May 2025, according to figures released by Vietnam’s General Department of Customs. This represents a significant decrease of 16.88 percent compared to April, bringing the year-to-date (YTD) import value to US$2.69 billion.

Singapore remains the top supplier despite a massive drop:

Singapore, traditionally the largest supplier, saw its imports plummet by 63.61 percent to US$118.07 million in May. Despite this sharp decline, Singapore still accounts for a substantial 41.42 percent of the total year-to-date imports.

South Korea, Malaysia, and China show strong growth:

Conversely, imports from South Korea surged by 34.23 percent to US$127.95 million in May, making it the largest supplier for the month. Malaysia also experienced a significant increase of 68.28 percent, with imports valued at US$108.12 million. China’s imports grew by 42.93 percent to US$90.79 million.

Thailand records extraordinary month-on-month surge:

Thailand exhibited remarkable month-on-month growth in May, with imports surging by 82.16 percent to US$14.10 million.

The overall sharp decline in May’s petroleum product imports highlights a significant shift in Vietnam’s sourcing strategies, with a dramatic reduction from Singapore being partially offset by strong growth from South Korea, Malaysia, and China.

Vietnam imports of petroleum products, May 2025, US$ millions

	May	April	MoM	YTD	% of YTD
Total	480.41	577.95	-16.88%	2,693.41	100.00%
Other	21.37	22.65	-5.65%	0.00	0.00%
South Korea	127.95	95.32	34.23%	673.09	24.99%
Singapore	118.07	324.46	-63.61%	1,115.75	41.42%
Malaysia	108.12	64.25	68.28%	337.91	12.55%
China	90.79	63.52	42.93%	417.58	15.50%
Thailand	14.10	7.74	82.16%	54.62	2.03%

Your support keeps this site independent and objective.
If you find value in this work, please consider making a contribution.

$2/mo $5/mo $10/mo One-time

Need more convincing?

Our content is free because we believe a rising tide lifts all boats.

By making accurate, independent information accessible to everyone, we help create a more informed, resilient, and empowered business community.

When businesses, investors, policymakers, and everyday readers all have access to clear, unbiased analysis, it leads to better decisions, fairer opportunities, and stronger economic outcomes for all.

That said, while our content is free to read, it costs money to create.

Behind every article is careful research, fact-checking, and expert analysis — all of which require time, skill, and resources.

If you can spare a couple of dollars, your support helps ensure that reliable, unbiased information remains accessible to all.