Commodity Market Report

Vietnam product markets long-term outlook H2 2019

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23 January 2020

Vietnam product markets long-term outlook H2 2019

Report summary

Total products in Vietnam was 140,000 b/d in net deficit in 2018. The country had deficits in all products with biggest contributors being diesel. The start-up of Nghi Son refinery, the second largest refinery in Vietnam, in 2018 has reduced Vietnam's reliance on product imports. However, the deficits are expected to widen due to steady demand growth and insufficient incremental refinery supply. Oil product demand has grown over the past decade to reach 451 kb/d in 2018. It is forecast to grow based on GDP growth averaging 5.2% per annum between 2018 and 2035. Demand is expected to reach 1,165 kb/d in 2040.

Table of contents

Tables and charts

This report includes 6 images and tables including:

  • Refineries in Vietnam
  • Refinery throughputs and utilisation
  • Non-refinery supply by product
  • Non-refinery supply by source
  • Net trade by product
  • Product balances – all supply versus demand

What's included

This report contains:

  • Document

    Vietnam.xlsx

    XLSX 1.98 MB

  • Document

    Vietnam product markets long-term outlook H2 2019

    PDF 1.52 MB

  • Document

    Vietnam product markets long-term outlook H2 2019

    ZIP 3.19 MB

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