26.2 C
Ho Chi Minh City
Friday, July 19, 2024

Vietnam’s fuel imports surge in Jan

By N. Tan

Must read

HCMC – Vietnam imported 1.03 million tons of fuels worth US$879 million last month, rocketing 70% in volume and 92.6% in value year-on-year, according to the General Department of Vietnam Customs.

The country also imported one million tons of crude oil worth US$621 million last month, up 43.8% year-on-year.

Dung Quat Oil Refinery in the central province of Quang Ngai turned out 590,000 tons of fuel for the local market last month.

There was a year-on-year surge in the nation’s January fuel imports from South Korea and Singapore.

Some 369,000 tons of fuels was imported from South Korea in January, up three-fold year-on-year, while Singapore shipped 243,000 tons to Vietnam, up 2.5-fold against the year-ago period.

In 2022, over 8.8 million tons of fuels worth US$8.9 billion were imported into Vietnam, up 27.7% in volume and 118.5% in value against 2021.

Of the total volume, 37%, or 3.2 million tons of fuels valued at US$3.3 billion, came from South Korea, making the country Vietnam’s largest fuel supplier last year.

Other major fuel exporters of the country in 2022 were Singapore, Malaysia and Thailand.

More articles


Please enter your comment!
Please enter your name here

Latest articles