Vietnam spends US$3.6 million on petrol imports

Vietnam imported more than 5.56 million tonnes of oil and petroleum products worth nearly 3.6 billion USD in the first five months of the year.

vietnam spends us$3.6 million on petrol imports hinh 0
A gas station of PV Oil in Hanoi 
The information was revealed by the Ministry of Industry and Trade (MoIT).

The figures showed year-on-year rises of 9.1% and 38.2% in terms of quantity and value, respectively.

Petrol imports in May alone rose by 12.3%. However, its value increased by 49.4% compared to the same period last year due to the rise of the world oil prices.

The Republic of Korea is still the largest oil exporter to Vietnam in the January-May period with 1.16 million tonnes worth US$807.06 million, accounting for 26.5% of the country’s total imports. These increased by 17.2% and 33.4% in terms of quantity and value from the corresponding period last year.

It was followed by Malaysia with 1.3 million tonnes, Singapore with 914,394 tonnes and Russia with 48.8 million tonnes.

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