Vietnam crude oil imports up 14.33 percent in March 2026 / Kuwait +12.03%

Vietnam imported crude oil to the tune of US$550 million in March, up from US$481 million in February, a change of 14.33 percent, according to preliminary data from Vietnam’s General Department of Customs.

Year to date, Vietnam has imported US$1,657 million worth of crude oil, with Kuwait remaining the dominant supplier.

Kuwait supplied US$426 million worth of crude oil in March, up 12.03 percent from US$380 million in February, bringing year-to-date shipments to US$1,332 million.

Nigeria followed with US$87 million in March crude oil exports to Vietnam, unchanged from its year-to-date total of US$87 million.

Learn more about accessing Vietnam’s consumer market→

Listed crude oil companies

Key crude oil firms listed on the Vietnam stock exchange include:

PetroVietnam Transportation JSC (PVT)

PetroVietnam Transportation JSC (PVT) operates a fleet transporting crude oil, petroleum, and chemicals across Vietnam and internationally. (PVT)

In March, PVT shares moved from 24.05 to 21.80, a change of -2.25 (-9.36%).

Foreign ownership moved from 1,792,474.01 to 1,701,922.19, a change of -90,551.82 (-5.05%).

Binh Son Refining and Petrochemical JSC (BSR)

Binh Son Refining and Petrochemical JSC (BSR) operates the Dung Quat Refinery and engages in refining crude oil and producing petroleum products. (BSR)

In March, BSR shares moved from 31.20 to 27.65, a change of -3.55 (-11.38%).

Foreign ownership moved from 23,420,089.09 to 23,546,224.79, a change of 126,135.70 (0.54%).

Explore opening a trading account in Vietnam→

Vietnam crude oil news

Recent developments include:

Crude oil production in March

Vietnam produced 756.81 thousand tonnes of crude oil in March, up 13.25 percent from 668.29 thousand tonnes in February 2026, according to the latest data from the National Statistics Office. Read more→

Nghi Son refinery announcement

Nghi Son Refinery and Petrochemical LLC said its refinery is operating stably in March and has secured sufficient crude supply to maintain operations through May 2026.

Nghi Son Refinery and Petrochemical LLC said it is continuing to seek additional crude inputs while receiving support from authorities and partners to maintain fuel supply stability. Read more→

See the latest Vietnam news headlines→

Vietnam’s crude oil industry

Vietnam’s crude oil industry is centred on offshore production, with output led by mature fields such as Bach Ho, and managed primarily by Vietnam Oil and Gas Group (Petrovietnam).

Production has declined over time as key fields mature, prompting efforts to sustain output through enhanced recovery techniques and new exploration.

Crude oil remains an important export commodity, though a growing share is increasingly retained for domestic refining at facilities such as Dung Quat and Nghi Son.

The sector faces structural challenges including declining reserves, investment constraints, and exposure to global oil price volatility, while policy focuses on energy security and supply diversification.

Learn more about starting a business in Vietnam→

The data

Vietnam imports of crude oil in March, 2026 US$m