Vietnam’s imported petroleum up 26.4% in eight months
Vietnam spent US$5.71 billion importing over 8.6 million tonnes of petroleum over the eight months of this year, up 26.4% year-on-year.
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Illustrative image (Source: VNA)
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The Republic of Korea was the second largest supplier of petroleum to Vietnam, making up 25.3% of the total. It sold 1.97 million tonnes worth US$1.42 billion to Vietnam, up 14.5% in volume and 37.5% in value.
Vietnam also imported 1.81 million tonnes of petroleum valued at US$1.15 billion from Singapore, accounting for 23.2% of the total, down 40.8% in volume and 22.7% in value.
The country also bought 895,197 tonnes from China, marking a 48.5% rise year-on-year; 619,739 tonnes from Thailand; and 60,361 tonnes from Russia.
Statistics from the Ministry of Industry and Trade showed that Vietnam’s total imports reached US$21 billion in August, up 0.2% month-on-month and 14.8% year-on-year.
Over the past eight months, Vietnam’s total imports rose 11.6% annually to US$152.66 billion – US$61.85 billion of which was from domestic firms (up 11.8% from last year’s same period) and US$90.8 billion from foreign-invested ones (up 11.45%).
