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Vietnam fuel imports have increased 23.1 percent so far this year

Vietnam spent US$793 million on imported fuel bringing its total imports of petrol products to US$6.65 billion, which is a 23.1 percent increase year-on-year, Vietnamnet is reporting. This is at least in part a result of challenges at Vietnam’s Nghi Son refinery that have seen capacity cut and huge financial losses. (See: Vietnam’s biggest oil refinery is back in business after maintenance closure)

Vietnam’s fuel imports, January to September, 2023

September Year to date
Source Volume (m3) US$ Volume (m3) US$
South Korea 355,540 333,023,055 3,300,144 2,701,094,859
Singapore 108,086 99,011,728 1,825,330 1,523,747,052
Malaysia 130,675 122,697,386 1,412,045 1,140,264,248
China 125,029 126,309,829 753,924 664,446,438
Thailand 106,983 102,248,484 693,003 587,774,884
Japan 0 0 29,540 27,852,684
HongKong 0 0 2,294 1,851,832
Total 826,313 783,290,482 8,016,280 6,647,031,997

Source: Department of Customs

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