VN imports more petroleum in July
Viet Nam imported more than one million tonnes of petroleum products in July worth more than US$633.2 million, up 99 per cent in volume and 107 per cent in value from the previous month, according to the General Department of Vietnam Customs.
Notably, the import price of petroleum in July was 4.2 per cent higher than in June, reaching more than $600 per tonne.
In the first seven months of 2019, a total of 5.44 million tonnes of petroleum products worth US$3.35 billion were imported, down 30 per cent in volume and 35 per cent in value from the same period last year.
Viet Nam imported petroleum during this period primarily from the markets of Malaysia, the Republic of Korea, Singapore and China.
From January to July, 1.54 million tonnes of petroleum was imported from Malaysia, a year-on-year decrease of 31 per cent. Next was the Republic of Korea with 1.25 million tonnes, down 39 per cent.
Viet Nam also imported 1.29 million tonnes from Singapore and 838,229 tonnes from China during the period, down 29 per cent and 6.4 per cent, respectively.