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Energy & Power๐Ÿ‡ป๐Ÿ‡ณ Vietnam

Vietnam Oil Refinery Throughput

- Oil Refinery Throughput refers to the actual volume of crude oil and other refinery feedstocks processed by petroleum refineries during a given period.

Vietnam Oil Refinery ThroughputThousand Barrels Daily ยท 2015โ€“2023

4003002001002015: 1552016: 1552017: 141Trough2018: 2212019: 2762020: 2762021: 3082022: 356Peak2023: 28720152017201920212023
Source: energyinst.orgLast updated: July 2026

What Vietnam Oil Refinery Throughput shows

Vietnam Oil Refinery Throughput was 287 Thousand Barrels Daily in 2023, down 19.4% on 2022. The Oil Refinery Throughput dataset of Vietnam from 2015 to 2023 provides a comprehensive overview of the country's petroleum refining activity, highlighting annual crude oil processing volumes, refinery performance, and developments across the downstream oil industry. Measured in thousand barrels daily, the dataset represents the actual volume of crude oil processed by domestic refineries each day.

Trend

Higher over the period

Vietnam Oil Refinery Throughput moved from 155 Thousand Barrels Daily in 2015 to 287 Thousand Barrels Daily in 2023 (+85.2%), an average of +8% a year. The series high was 356 Thousand Barrels Daily in 2022 and the low 141 Thousand Barrels Daily in 2017.

Volatility

A 60.4% peak-to-trough swing

The gap between the series high (2022) and low (2017) is 215 Thousand Barrels Daily. The sharpest single-year move was +56.7% in 2018.

Structure

Ranks 34 of 44 countries covered

Among the 44 countries in this dataset, Vietnam ranks 34 for 2023, behind U.S. (15,963 Thousand Barrels Daily) and China (15,102 Thousand Barrels Daily). It accounts for 0.3% of the global total in 2023.

Full series

Vietnam Oil Refinery Throughput by year

Complete annual series with year-on-year change. Values are reported in Thousand Barrels Daily.

Scroll the table sideways to see all columns.

Vietnam Oil Refinery Throughput, 2015โ€“2023, Thousand Barrels Daily.
YearThousand Barrels DailyChange vs prior year
2023 287 โˆ’19.4%
2022Peak 356 +15.6%
2021 308 +11.6%
2020 276 0%
2019 276 +24.9%
2018 221 +56.7%
2017 Trough141 โˆ’9%
2016 155 0%
2015 155 โ€”

Regional context

How Vietnam compares in Asia-Pacific

Oil Refinery Throughput by country, 2023, Thousand Barrels Daily. Vietnam is highlighted.

1China
15,102
2India
5,249
3South Korea
2,758
4Japan
2,545
5Thailand
1,054
6Indonesia
895
7Singapore
857
10Vietnam
287

Data definition

Inclusions and exclusions

Oil Refinery Throughput โ€” - Oil Refinery Throughput refers to the actual volume of crude oil and other refinery feedstocks processed by petroleum refineries during a given period. It is typically measured in thousand barrels per day (kb/d) and represents the operational output of the refining sector rather than its installed capacity. This indicator reflects the extent to which refinery infrastructure is utilized to convert crude oil into refined petroleum products such as gasoline, diesel, jet fuel, kerosene, fuel oil, liquefied petroleum gas (LPG), and other petroleum products. Oil Refinery Throughput is widely used to assess refinery operations, downstream petroleum activity, fuel production levels, and the efficiency of refinery utilization.

Inclusions

The data includes the actual quantity of crude oil and eligible refinery feedstocks processed by petroleum refineries during the reporting period. It covers throughput from both public and privately operated refineries, including onshore and, where applicable, offshore refining facilities. The indicator reflects crude oil processed into refined petroleum products regardless of whether the crude oil is domestically produced or imported. It includes refinery operations across all major processing units involved in converting crude oil into finished petroleum products. Data is compiled from national energy authorities, refinery operators, and standardized international energy databases using internationally recognized reporting methodologies, enabling consistent comparison of refinery throughput across countries and over time.

Exclusions

The data excludes refinery nameplate capacity, crude oil production, crude oil reserves, oil consumption, imports and exports of refined petroleum products, and refinery utilization rates when reported separately. It does not include production from natural gas processing plants, biofuel refineries, synthetic fuel facilities, gas-to-liquids (GTL), or coal-to-liquids (CTL) plants unless specifically classified within refinery operations. The indicator also excludes petrochemical manufacturing processes that do not involve crude oil refining and does not directly measure refinery efficiency, product quality, profitability, or environmental performance. Minor variations may occur due to differences in national reporting standards, feedstock classifications, refinery accounting practices, and statistical estimation methodologies across countries.

About this indicator

Oil Refinery Throughput โ€” - Oil Refinery Throughput refers to the actual volume of crude oil and other refinery feedstocks processed by petroleum refineries during a given period. It is typically measured in thousand barrels per day (kb/d) and represents the operational output of the refining sector rather than its installed capacity. This indicator reflects the extent to which refinery infrastructure is utilized to convert crude oil into refined petroleum products such as gasoline, diesel, jet fuel, kerosene, fuel oil, liquefied petroleum gas (LPG), and other petroleum products. Oil Refinery Throughput is widely used to assess refinery operations, downstream petroleum activity, fuel production levels, and the efficiency of refinery utilization.

It serves as an important indicator of refinery utilization, fuel production, industrial growth, energy security, and Vietnam's ability to meet increasing domestic petroleum product demand.

Vietnam recorded oil refinery throughput of 155 thousand barrels daily in 2015, remaining unchanged in 2016 before declining to 141 thousand barrels daily in 2017. Throughput increased significantly to 221 thousand barrels daily in 2018 and 276 thousand barrels daily in 2019. Refinery throughput remained stable at 276 thousand barrels daily in 2020, increased to 308 thousand barrels daily in 2021, and reached a record 356 thousand barrels daily in 2022 before easing to 287 thousand barrels daily in 2023, reflecting changing refinery operations and downstream market conditions.

Overall, the dataset demonstrates a strong long-term upward trend despite moderate fluctuations during the final years of the review period. The substantial increase after 2017 highlights expanding refinery capacity, improving operational efficiency, and rising domestic fuel demand.

The dataset is valuable for evaluating Vietnam's refinery throughput trends, analyzing downstream industry performance, and assessing crude oil processing activity. It supports refinery utilization analysis, investment planning, energy security assessments, and policy evaluation while providing valuable insights for researchers, analysts, industry stakeholders, and policymakers studying refinery efficiency, infrastructure development, and the long-term growth of Vietnam's petroleum refining industry.

Indicator
Oil Refinery Throughput
Country
Vietnam
Region
Asia-Pacific
Unit
Thousand Barrels Daily
Coverage
2015โ€“2023, annual
Category
Energy & Power
Last updated
July 2026
Source
energyinst.org

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Frequently asked questions

What is Vietnam Oil Refinery Throughput?

Definition- Oil Refinery Throughput refers to the actual volume of crude oil and other refinery feedstocks processed by petroleum refineries during a given period. It is typically measured in thousand barrels per day (kb/d) and represents the operational output of the refining sector rather than its installed capacity. This indicator reflects the extent to which refinery infrastructure is utilized to convert crude oil into refined petroleum products such as gasoline, diesel, jet fuel, kerosene, fuel oil, liquefied petroleum gas (LPG), and other petroleum products. Oil Refinery Throughput is widely used to assess refinery operations, downstream petroleum activity, fuel production levels, and the efficiency of refinery utilization.

What was Vietnam Oil Refinery Throughput in 2023?

Vietnam Oil Refinery Throughput was 287 Thousand Barrels Daily in 2023, down 19.4% on 2022.

How has Vietnam Oil Refinery Throughput changed between 2015 and 2023?

Vietnam Oil Refinery Throughput moved from 155 Thousand Barrels Daily in 2015 to 287 Thousand Barrels Daily in 2023 (+85.2%), an average of +8% a year. The series high was 356 Thousand Barrels Daily in 2022 and the low 141 Thousand Barrels Daily in 2017.

Which year had the highest and lowest Vietnam Oil Refinery Throughput?

The highest value was 356 Thousand Barrels Daily in 2022 and the lowest was 141 Thousand Barrels Daily in 2017.

What does the Vietnam Oil Refinery Throughput data include and exclude?

Included: The data includes the actual quantity of crude oil and eligible refinery feedstocks processed by petroleum refineries during the reporting period. It covers throughput from both public and privately operated refineries, including onshore and, where applicable, offshore refining facilities. The indicator reflects crude oil processed into refined petroleum products regardless of whether the crude oil is domestically produced or imported. It includes refinery operations across all major processing units involved in converting crude oil into finished petroleum products. Data is compiled from national energy authorities, refinery operators, and standardized international energy databases using internationally recognized reporting methodologies, enabling consistent comparison of refinery throughput across countries and over time. Excluded: The data excludes refinery nameplate capacity, crude oil production, crude oil reserves, oil consumption, imports and exports of refined petroleum products, and refinery utilization rates when reported separately. It does not include production from natural gas processing plants, biofuel refineries, synthetic fuel facilities, gas-to-liquids (GTL), or coal-to-liquids (CTL) plants unless specifically classified within refinery operations. The indicator also excludes petrochemical manufacturing processes that do not involve crude oil refining and does not directly measure refinery efficiency, product quality, profitability, or environmental performance. Minor variations may occur due to differences in national reporting standards, feedstock classifications, refinery accounting practices, and statistical estimation methodologies across countries.

Where does the Vietnam Oil Refinery Throughput data come from?

The series is sourced from energyinst.org (https://www.energyinst.org/__data/assets/pdf_file/0006/1542714/684_EI_Stat_Review_V16_DIGITAL.pdf). It covers 2015โ€“2023 and is reported in Thousand Barrels Daily.

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