Vietnam petrol and diesel imports double in March 2026 / from South Korea +227.40%, +Singapore 85.36%

Vietnam imported petrol and diesel to the tune of US$1,455 million in March, up from US$721 million in February, a change of 101.92 percent, according to preliminary data from Vietnam’s General Department of Customs.

Year to date, Vietnam has imported US$2,928 million worth of petrol and diesel, with supply concentrated among regional partners.

South Korea led with US$541 million in March imports, up 227.40 percent from February, bringing year-to-date shipments to US$885 million.

Singapore followed at US$482 million, rising 85.36 percent month on month, while Malaysia recorded US$191 million, up 22.69 percent, with year-to-date totals at US$988 million and US$524 million, respectively.

China and Taiwan rounded out the top five with US$134 million and US$66 million in March imports, up 91.91 percent and unchanged, with year-to-date shipments at US$282 million and US$66 million.

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Listed petrol and diesel companies

Key petrol and diesel firms listed on the Vietnam stock exchange include:

SaiGon Fuel Joint Stock Company (SFC)

SaiGon Fuel Joint Stock Company (SFC) trades and distributes petroleum products and lubricants in southern Vietnam. (SFC)

In March, SFC shares moved from 18.55 to 19.00, a change of 0.45 (0.02 percent).

Foreign ownership was unchanged.

Petrolimex Insurance Corporation (PGI)

Petrolimex Insurance Corporation (PGI) provides non-life insurance products, including vehicle, property, and marine coverage. (PGI)

In March, PGI shares moved from 20.00 to 19.70, a change of -0.30 (-0.02 percent).

Foreign ownership moved from 882,567.59 to 882,555.59, a change of -12.00 (0.00 percent).

International Gas Product Shipping Joint Stock Company (GSP)

International Gas Product Shipping Joint Stock Company (GSP) is a Vietnam-based shipping firm specialising in the transportation of liquefied petroleum gas and other petroleum products. (GSP)

In March, GSP shares moved from 11.75 to 11.40, a change of -0.35 (-0.03 percent).

Foreign ownership was unchanged.

Vietnam Tanker Corporation (VTO)

Vietnam Tanker Corporation (VTO) provides petroleum transportation and marine logistics services. (VTO)

In March, VTO shares moved from 12.25 to 11.70, a change of -0.55 (-0.04 percent).

Foreign ownership moved from 359,274.15 to 359,084.60, a change of -189.55 (0.00 percent).

Vietnam Petroleum Transport JSC (VIP)

Vietnam Petroleum Transport JSC (VIP) transports petroleum products and provides maritime logistics and tanker services. (VIP)

In March, VIP shares moved from 12.60 to 11.85, a change of -0.75 (-0.06 percent).

Foreign ownership moved from 299,669.48 to 299,634.97, a change of -34.51 (0.00 percent).

PetroVietnam Transportation Corporation (PVP)

PetroVietnam Transportation Corporation (PVP) offers marine transportation and logistics for petroleum products. (PVP)

In March, PVP shares moved from 15.95 to 14.85, a change of -1.10 (-0.07 percent).

Foreign ownership moved from 503,902.87 to 504,085.17, a change of 182.30 (0.00 percent).

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 (-0.09 percent).

Foreign ownership moved from 1,792,474.01 to 1,701,922.19, a change of -90,551.82 (-0.05 percent).

PetroVietnam Drilling and Well Services Corporation (PVD)

PetroVietnam Drilling and Well Services Corporation (PVD) provides oil drilling, engineering, and technical services for the petroleum industry. (PVD)

In March, PVD shares moved from 38.60 to 34.80, a change of -3.80 (-0.10 percent).

Foreign ownership moved from 2,015,550.29 to 2,070,887.63, a change of 55,337.34 (0.03 percent).

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 (-0.11 percent).

Foreign ownership moved from 23,420,089.09 to 23,546,224.79, a change of 126,135.70 (0.01 percent).

Petrolimex Gas Corporation (PGC)

Petrolimex Gas Corporation is a Vietnamese energy company specialising in the distribution and trading of liquefied petroleum gas for households, commercial users and industry. (PGC)

In March, PGC shares moved from 16.75 to 13.85, a change of -2.90 (-0.17 percent).

Foreign ownership moved from 283,820.24 to 283,667.24, a change of -153.00 (0.00 percent).

Petrolimex Group JSC (PLX)

Petrolimex Group JSC (PLX) is Vietnam’s largest petroleum distributor, operating fuel retail, storage, and logistics networks nationwide. (PLX)

In March, PLX shares moved from 57.80 to 40.40, a change of -17.40 (-0.30 percent).

Foreign ownership moved from 592,337.72 to 708,495.91, a change of 116,158.19 (0.20 percent).

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Vietnam petrol and diesel news

Recent developments include:

State-controlled petrol firm revenue / profit expectations

Petrolimex expects record revenue but declining profit, as the energy transition begins to affect financial performance.

The article notes a divergence between rising fuel volumes in the near term and weakening profitability under volatile prices and structural demand shifts, specifically electrification.
Read more→

Petrol import tax cut extension proposed

The government is considering extending a 0 percent import tax on petroleum products and inputs to June 30, instead of ending in April, under a draft resolution.

The policy applies to gasoline, diesel, jet fuel, and key inputs, with prior reductions from up to 10 percent and 7 percent to 0 percent under Decree 72.

The Ministry of Finance estimates the extension would reduce state revenue by about VND2.021 trillion (US$76.7 million), including VND997 billion (US$37.8 million) from raw material tax cuts. Read more→

Adjustments to petrol price calculations

Vietnam’s Ministry of Industry and Trade issued remporarily removing kerosene from base price calculations for petroleum products from March 28 to April 28.

Authorities are also drafting a new circular to abolish the kerosene component altogether. Read more→

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Vietnam’s petrol and diesel industry

Vietnam’s petrol industry is a key component of its energy system, underpinning transport, logistics, and broader economic activity.

Supply is driven by domestic refineries and imports, with dependence on global crude markets exposing the sector to price volatility.

Retail fuel prices are regulated by the government through a managed pricing mechanism aimed at balancing stability and market signals.

The sector faces rising demand from economic growth alongside structural pressures from energy transition policies and shifts toward alternative fuels.

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The data

Vietnam imports of petrol and diesel in March, 2026 US$m