Petroleum product imports from ASEAN increased

15:12 | 01/07/2016 Import-Export Follow english.haiquanonline.com.vn on

From January to May, Vietnam imported 5.41 million tonnes of petrol and oil products, up 27.6 percent against the same period last year, with the major ASEAN markets being Singapore and Malaysia.

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Petroleum product imports from ASEAN increased

The rise was attributed to the import tariff on petrol and oil products from ASEAN that went to zero since the ASEAN Trade in Goods Agreement took effect on January 1, 2016.

Preliminary assessment of Vietnam international merchandise trade performance in the first half of May, 2016

The Vietnam Customs Statistics announced that in the first half (01-15/5/2016) of May-2016, Vietnam’s total exports of US dollars ...

In 2015, Vietnam bought 3.84 million tonnes of petroleum products from Singapore and 2.28 million tonnes from Thailand, which together accounted for more than half of the country’s petroleum imports of 10 million tonnes.

Source: The Business Times

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Vietnam petroleum product import oil ASEAN agreement tariff

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