Saturday, 17/10/2026
Saturday, 17/10/2026

Vietnam spends US$1.7 billion on petroleum imports from Singapore

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VOV.VN - Singapore is currently Vietnam’s largest petroleum import market, with a turnover of US$1.7 billion in the first eight months of 2025.

According to the Ministry of Industry and Trade (MoIT), in August, Vietnam imported 813,396 tonnes of petroleum of all types worth US$557.5 million, down 25.3% in volume and down 26.4% in value compared to the previous month.

In total, the country imported 6,867,113 tonnes of petroleum, worth US$$4.6 billion, in the first eight months of 2025. Singapore accounted for the largest share, with 2,455,475 tonnes valued at US$1.7 billion, representing 35–36% of total import volume and value, up 51.2% in volume and 27% in value year on year.

Other major petroleum suppliers were the Republic of Korea (1.96 million tonnes), Malaysia (1,138,011 tonnes) and China (912,429 tonnes).

US$2.77 bln spent on petroleum imports in four months

US$2.77 bln spent on petroleum imports in four months

VOV.VN - Vietnam imported 3.26 million tonnes of oil and petrol worth around US$2.77 billion during the first four months this year, down 4.8% in volume and 16.3% in value year on year, reported the General Department of Vietnam Customs.

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