Vietnam imported petrol and diesel to the tune of US$654 million in May, down from US$1,258 million in April, a change of -48.02 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had imported US$4,890 million worth of petrol and diesel by the end of May.
Vietnam’s petrol and diesel industry
Vietnam’s petrol industry is a key component of its energy system, underpinning transport, logistics, and broader economic activity.
Supply is driven by domestic refineries and imports, with dependence on global crude markets exposing the sector to price volatility.
Retail fuel prices are regulated by the government through a managed pricing mechanism aimed at balancing stability and market signals.
The sector faces rising demand from economic growth alongside structural pressures from energy transition policies and shifts toward alternative fuels.
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The data
Vietnam imports of petrol and diesel in May, 2026 US$m
| May | April | MoM | YTD | |
| Total | 653.59 | 1,257.50 | -48.02% | 4,889.97 |
| Other | 72.83 | 66.05 | 10.27% | 396.35 |
| Singapore | 241.25 | 291.40 | -17.21% | 1,515.63 |
| China | 136.96 | 115.87 | 18.20% | 527.32 |
| Malaysia | 108.71 | 414.93 | -73.80% | 1,062.30 |
| South Korea | 93.84 | 369.25 | -74.59% | 1,388.37 |