Preliminary statistics from the General Department of Customs show that nearly 2.18 million tonnes of fuel were imported during the January-February period. In contrast, Vietnam imported more than 2.16 million tonnes of crude oil worth US$1.08 billion, down 10 percent in volume and 25 percent in value year-on-year. In 2025, Vietnam imported about 9.9 million tonnes of fuel products with a total value of roughly US$6.8 billion. The Ministry of Industry and Trade said petroleum wholesalers are continuing to import refined fuel products to supply the domestic market, even as import and transportation costs show signs of rising. Together with the circulating reserves that businesses are required to maintain, fuel supply for the domestic market in March 2026 is basically secured.

Source: VietNamNet News March 07, 2026 04:34 UTC