Vietnam LPG imports down 53.75% in January 2026 / China +13.48%, Qatar +65.55%

Vietnam imported liquefied petroleum gases (LPG) to the tune of US$128 million in January, down from US$276 million in December, a change of -53.75 percent, according to preliminary data from Vietnam’s General Department of Customs.

Year to date, Vietnam had imported US$128 million worth of LPG by the end of January.

China accounted for US$22 million of Vietnam’s LPG imports in January, up from US$19 million in December, an increase of 13.48 percent. Year to date, China has shipped US$22 million of LPG to Vietnam.

Qatar followed with US$21 million in LPG exports to Vietnam in January, up from US$13 million in December, a rise of 65.55 percent. Year to date, Qatar has shipped US$21 million of LPG to Vietnam.

Malaysia ranked next with US$15 million in LPG exports to Vietnam in January, down from US$21 million in December, a decline of 29.84 percent. Year to date, Malaysia has shipped US$15 million of LPG to Vietnam.

South Korea supplied US$4 million of LPG to Vietnam in January, up from US$3 million in December, an increase of 67.92 percent. Year to date, South Korea has shipped US$4 million of LPG to Vietnam.

LPG production

Vietnam produced 74.69 thousand tons of LPG in January, down 15.75 percent from 88.66 thousand tons in December, according to the latest data from the National Statistics Office.

Year-to-date output reached 74.69 thousand tons by the end of January.

Listed gas companies

Key gas firms listed on the Vietnam stock exchange include:

CNG Vietnam JSC

CNG Vietnam JSC (CNG) produces, transports, and distributes compressed natural gas to industrial clients across southern Vietnam.

CNG closed at VND 28,450 on Tuesday, up 1.3 percent with 1,769,000 shares traded, worth VND 4,983 million.

Foreign ownership in CNG is currently capped at 49.0 percent, with current foreign ownership sitting at 1.7 percent.

PetroVietnam Gas JSC

PetroVietnam Gas JSC (GAS) produces, transports, and distributes natural gas and LPG nationwide.

GAS closed at VND 123,400 on Tuesday, up 8 percent with 76,802,000 shares traded, worth VND 906,166 million.

Foreign ownership in GAS is currently capped at 49.0 percent, with current foreign ownership sitting at 2.3 percent.

International Gas Product Shipping Joint Stock Company

International Gas Product Shipping Joint Stock Company

GSP closed at VND 12,700 on Tuesday, up 0.15 percent with 4,656,000 shares traded, worth VND 5,912 million.

Foreign ownership in GSP is currently capped at 0.0 percent, with current foreign ownership sitting at 0.0 percent.

Petrolimex Gas Corporation

Petrolimex Gas Corporation

PGC closed at VND 17,800 on Tuesday, down 0.1 percent with 6,725,000 shares traded, worth VND 12,004 million.

Foreign ownership in PGC is currently capped at 49.0 percent, with current foreign ownership sitting at 2.0 percent.

PetroVietnam Gas Distribution JSC

PetroVietnam Gas Distribution JSC (PGD) supplies compressed and liquefied gas to industrial and commercial clients.

PGD closed at VND 27,700 on Tuesday, up 1.65 percent with 699,000 shares traded, worth VND 1,893 million.

Foreign ownership in PGD is currently capped at 49.0 percent, with current foreign ownership sitting at 46.4 percent.

Petro MiGas JSC

Petro MiGas JSC (PMG) distributes LPG, CNG, and related gas products for industrial and household use.

PMG closed at VND 8,670 on Tuesday, up 0.56 percent with 66,000 shares traded, worth VND 57 million.

Foreign ownership in PMG is currently capped at 0.0 percent, with current foreign ownership sitting at 0.0 percent.

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Vietnam gas news

Recent developments include:

LPG supply disruptions

PVGas Trading has notified customers of disruptions to LPG supplies after a jetty collapse at Saudi Aramco’s Juaymah NGL facility on February 23.

All liquefied petroleum gas cargoes scheduled from March 10 to Thi Vai and Diem Dien terminals have been suspended, it says.

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Vietnam’s gas industry

Vietnam’s gas industry supplies fuel for power generation, industry and household consumption, and is a key component of the country’s broader energy system.

Domestic production comes mainly from offshore fields in the Cuu Long, Nam Con Son and Malay–Tho Chu basins, transported onshore through pipeline networks operated by PetroVietnam units.

Natural gas accounts for a significant share of Vietnam’s electricity generation, particularly through gas-fired power plants in the south.

Vietnam is expanding liquefied natural gas import terminals and gas infrastructure to supplement declining domestic output and meet rising energy demand.

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The data

Vietnam imports of LPG in January, US$m