Precious significance of Điện Biên Phủ Victory Central Highlands needs to develop border gate economic zones for higher export Tourism sector surges with over six million visitors in four months

Vietnam spends US$3.6 million on petrol imports

20:12 | 13/06/2018 Import-Export Follow english.haiquanonline.com.vn on
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 36 million on petrol imports

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.

Source: VNA
Tags:
Vietnam petrol imports petrol import

Related News

Risk prevention solutions for processing and export manufacturing businesses

Risk prevention solutions for processing and export manufacturing businesses

07:52 | 29/04/2024 Regulations

VCN - Identifying common errors to comply with regulations, prevent risks, and limit errors arising in preparing final settlement reports is an issue of concern to many export processing and manufacturing enterprises.
Vietnam has a trade deficit of over US$17 billion with China

Vietnam has a trade deficit of over US$17 billion with China

15:34 | 24/04/2024 Import-Export

VCN – In the first quarter 2024, Vietnam-China trade reached US$43.6 billion. The country had a large trade deficit.
Developing a strong brand contributes to increased export revenue

Developing a strong brand contributes to increased export revenue

07:49 | 29/04/2024 Import-Export

VCN – Mr. Hoang Minh Chien, Deputy Director of the Trade Promotion Agency (Ministry of Industry and Trade), shares insights on elevating core values in brand development.
Lang Son: Flexible solutions to accelerate customs clearance of fresh fruit exports

Lang Son: Flexible solutions to accelerate customs clearance of fresh fruit exports

09:19 | 26/04/2024 Customs

VCN - Currently, there are about 400 trucks carrying fresh fruit to the border gates of Lang Son province (mainly to Huu Nghi and Tan Thanh international border gates) for export to China on daily average. To ensure the quality of fresh fruit shipments, management agencies of Lang Son province have offered flexible solutions to speed up customs clearance.

Latest News

Central Highlands needs to develop border gate economic zones for higher export

Central Highlands needs to develop border gate economic zones for higher export

16:41 | 29/04/2024 Import-Export

According to the Trade Promotion Agency, the Central Highlands region, embracing five provinces of Kon Tum, Gia Lai, Đắk Lắk, Đắk Nông and Lâm Đồng, is an important strategic area in the Laos - Việt Nam - Cambodia development triangle area.
RoK burgeoning market for Vietnam’s agro-forestry-fisheries exports

RoK burgeoning market for Vietnam’s agro-forestry-fisheries exports

16:37 | 29/04/2024 Import-Export

Vietnam’s agro-forestry-fishery exports to the Republic of Korea (RoK) have surged thanks to the bilateral Free Trade Agreement (VKFTA), topping 2 billion USD annually during 2016 - 2023, and the Northeast Asian country is forecast to remain an attractive market in the coming time.
Export turnover reaches over US$200 billion in the first half of April

Export turnover reaches over US$200 billion in the first half of April

15:04 | 28/04/2024 Import-Export

VCN - As of April 15, Vietnam’s import-export turnover achieves US$208.94 billion, the General Department of Vietnam Customs releases.
Experts call for efforts in protecting IP rights

Experts call for efforts in protecting IP rights

15:02 | 28/04/2024 Import-Export

Statistics reveal that there are over 5,720 OCOP entities with 978 products achieving 4-star, with 62 per cent benefiting from IP protection.

More News

Policies needed to encourage e-commerce to embrace circular economy

Policies needed to encourage e-commerce to embrace circular economy

15:00 | 28/04/2024 Import-Export

A recent report on plastic wastes from e-commerce by Việt Nam E-Commerce Association pointed out that e-commerce is growing rapidly with an average annual growth rate of more than 25 per cent, resulting in an increase in the use of plastic packaging which are negatively affecting the environment.
To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits

To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits

06:15 | 28/04/2024 Import-Export

VCN - Implementing a preferential credit program for the forestry and fisheries sectors is considered one of the practical and effective solutions for these two industries to continue their billion-dollar export target.
Efforts to supply US $ one billion of raw materials and cosmetics to replace imported goods

Efforts to supply US $ one billion of raw materials and cosmetics to replace imported goods

06:14 | 28/04/2024 Import-Export

VCN - Dr. Nguyen Van Minh, Vice President of the Vietnam Aromatherapy - Essential Oils - Cosmetics Association (VOCA) shared with Customs Magazine the limitations in exploiting precious raw materials used for Vietnam's cosmetic production and the activities being implemented to develop this potential economic sector.
Ample room for Quang Ninh to attract FDI

Ample room for Quang Ninh to attract FDI

19:47 | 27/04/2024 Import-Export

The northeastern province of Quang Ninh has ample room to attract foreign direct investment (FDI) and realise the goal of attracting 3 billion USD in FDI this year and 10 billion USD in the 2020-2025 period.
Vietnam’s rice exports may exceed 2024 target

Vietnam’s rice exports may exceed 2024 target

19:46 | 27/04/2024 Import-Export

With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.
Opportunity for exporting to Thailand market

Opportunity for exporting to Thailand market

14:48 | 27/04/2024 Import-Export

VCN - Thailand and Vietnam strive to achieve the goal of US$25 billion in bilateral trade by 2025.
Enterprises want clearer regulations on seafood production

Enterprises want clearer regulations on seafood production

14:05 | 26/04/2024 Import-Export

There is a lack of consistency among existing legal documents on seafood production, making it difficult for enterprises to comply.
Vietnam ranks fifth among aquatic product suppliers for Singapore

Vietnam ranks fifth among aquatic product suppliers for Singapore

13:53 | 26/04/2024 Import-Export

Vietnam jumped one place to become the fifth largest exporter of aquatic products to Singapore for the first time in the first quarter of this year, according to its Trade Office in the city state.
Forum seeks to increase PPP investment effectiveness

Forum seeks to increase PPP investment effectiveness

13:48 | 25/04/2024 Import-Export

Investment cooperation in the public-private partnership (PPP) form is seen as a strategic option to mobilise private investment and improve public service delivery. However, the implementation of PPP projects in Vietnam still faces a lot of difficulties and obstacles, leading to a low number of successful projects and making the private economic sector cautious.
Read More

Your care

Latest Most read
Central Highlands needs to develop border gate economic zones for higher export

Central Highlands needs to develop border gate economic zones for higher export

16:41 | 29/04/2024 Import-Export

According to the Trade Promotion Agency, the Central Highlands region, embracing five provinces of Kon Tum, Gia Lai, Đắk Lắk, Đắk Nông and Lâm Đồng, is an important strategic area in the Laos - Việt Nam - Cambodia development triangle area.
RoK burgeoning market for Vietnam’s agro-forestry-fisheries exports

RoK burgeoning market for Vietnam’s agro-forestry-fisheries exports

16:37 | 29/04/2024 Import-Export

Vietnam’s agro-forestry-fishery exports to the Republic of Korea (RoK) have surged thanks to the bilateral Free Trade Agreement (VKFTA), topping 2 billion USD annually during 2016 - 2023, and the Northeast Asian country is forecast to remain an attractive market in the coming time.
Developing a strong brand contributes to increased export revenue

Developing a strong brand contributes to increased export revenue

07:49 | 29/04/2024 Import-Export

VCN – Mr. Hoang Minh Chien, Deputy Director of the Trade Promotion Agency (Ministry of Industry and Trade), shares insights on elevating core values in brand development.
Export turnover reaches over US$200 billion in the first half of April

Export turnover reaches over US$200 billion in the first half of April

15:04 | 28/04/2024 Import-Export

VCN - Many commodity groups earned the export turnover of hundreds of millions of USD such as footwear; vehicles and spare parts; Cameras, camcorders and accessories…
Experts call for efforts in protecting IP rights

Experts call for efforts in protecting IP rights

15:02 | 28/04/2024 Import-Export

Statistics reveal that there are over 5,720 OCOP entities with 978 products achieving 4-star, with 62 per cent benefiting from IP protection.
Mobile Version