{"id":10241,"date":"2025-12-02T15:44:05","date_gmt":"2025-12-02T15:44:05","guid":{"rendered":"https:\/\/freshdi.com\/blog\/10241-2\/"},"modified":"2025-12-02T15:44:05","modified_gmt":"2025-12-02T15:44:05","slug":"10241-2","status":"publish","type":"post","link":"https:\/\/freshdi.com\/blog\/10241-2\/","title":{"rendered":""},"content":{"rendered":"<p><strong>Vietnam Oil Market Report: Top 3 Oil Suppliers in Vietnam in December 2025<\/strong><\/p>\n<p><strong>Introduction \u2013 Vietnam&#8217;s Oil Market: A Quantitative Overview<\/strong><\/p>\n<p>Vietnam\u2019s oil industry has been shifting quickly, shaped by falling domestic production, heavier import dependence, and exciting new offshore discoveries that signal long\u2011term potential. With 4.4 billion barrels of proven oil reserves by 2024, Vietnam controls about 0.25% of global oil reserves\u2014ranking 25th in the world. Daily production averaged around 197,167 barrels, placing the country 37th globally. But production has been dipping steadily, with 2024 alone reflecting a 6% drop from the previous year.<\/p>\n<p>These declines have caused Vietnam\u2019s crude oil exports to fall sharply. The country exported about 1.7 million tons of crude oil in 2024\u2014nearly 10% less than in 2023. Meanwhile, imports surged dramatically to support refinery operations. Vietnam imported roughly 9.1 million tons of crude oil worth over $8 billion in 2024, representing an unprecedented 235% year\u2011over\u2011year increase. Much of this was supplied by Kuwait, which consistently accounts for 85\u201390% of all crude oil going into Vietnam.<\/p>\n<p>Despite production challenges, Vietnam\u2019s energy sector is buzzing with major developments. Murphy Oil made headlines in January 2026 with a massive offshore discovery in the Cuu Long Basin\u2014estimated at over 430 million barrels and declared Southeast Asia\u2019s largest find in two decades. At the same time, refineries like NSRP have been running above designed capacity, even requesting the approval to import an extra 1.68 million metric tons of Kuwaiti crude for 2025 to keep up with domestic consumption. Vietnam is also boosting its strategic fuel reserves\u2014aiming for 15 days of net imports by 2025 and 30 days by 2030\u2014requiring investment surpassing $170 million.<\/p>\n<p>In a dynamic environment like this, choosing the right oil supplier requires data-driven decision\u2011making. Platforms like Freshdi help buyers analyze market trends, supplier performance, export capacity, and RFQ activity. These insights make it easier for businesses to evaluate opportunities and minimize risk.<\/p>\n<p><strong>Deep Dive \u2013 Key Production, Export Statistics &amp; Demand Insights<\/strong><\/p>\n<p>Vietnam\u2019s oil sector shows a clear contrast between declining output and strong internal demand. While exports have fallen due to reduced local availability, imports keep climbing as refineries and industrial users boost their capacity.<\/p>\n<p>Buyers browsing oil-related products on platforms such as Freshdi have shown increased interest in refined oils, cooking oils, and plant-based specialty oils. This shift aligns with rising domestic consumption and the steady growth of Vietnam\u2019s food production and cosmetic sectors.<\/p>\n<p>RFQ activity on Freshdi often spikes when global prices fluctuate, allowing analysts to identify demand cycles. This helps buyers pinpoint the best periods for procurement\u2014especially for refined or specialty oils like coconut oil, macadamia oil, and peanut oil.<\/p>\n<p>By connecting real-time data with sector trends, businesses can better understand pricing behavior, volume demands, and supplier reliability.<\/p>\n<p><strong>Top 3 Verified Oil Suppliers in Vietnam \u2013 Leading Exporters by Volume<\/strong><\/p>\n<p>The following suppliers were selected based on export volume, product quality, certifications, and positive buyer feedback on Freshdi. They are known for reliability, consistent production capacity, and strong records in global markets.<\/p>\n<p><strong>1. DAI BINH ECOLOGICAL COOPERATIVE<\/strong><br \/>\nSupplier link: https:\/\/freshdi.com\/product\/Groundnut-Peanut-Oil-Best-Seller-Organic-Peanut-Oil-Dai-Binh-Food-Making-Machines-High-Quality-Cooking-Oil-Made-In-Vietnam?utm_source=blog<\/p>\n<p>DAI BINH ECOLOGICAL COOPERATIVE specializes in premium organic peanut oil, produced through natural methods and minimal processing. Buyers consistently praise the company for stable export performance and high-quality, additive-free oil. Their products are popular in both food-processing and retail markets worldwide.<\/p>\n<p><strong>2. ECO FARMIE EXPORT CO., LTD<\/strong><br \/>\nSupplier link: https:\/\/freshdi.com\/product\/Cosmetic-healthy-vegan-nutritional-coconut-oil-for-hair-virgin-coco-oil-best-price-in-bulk-quantity-for-export?utm_source=blog<\/p>\n<p>ECO FARMIE is well known for its virgin coconut oil, widely used in cosmetics, skin care, health products, and cooking. Their focus on strict quality control and strong sustainability practices makes them a top choice for buyers looking for consistent, high-purity coconut oil. ECO FARMIE also offers attractive bulk export terms and is recognized for strong buyer satisfaction scores on Freshdi.<\/p>\n<p><strong>3. 99 GOLD DATA<\/strong><br \/>\nSupplier link: https:\/\/freshdi.com\/product\/Cheap-price-RBD-Coconut-Oil-original-Refined-coconut-oil-from-Vietnam-qualified-for-export?utm_source=blog<\/p>\n<p>99 GOLD DATA offers refined coconut oil (RBD), making them a key supplier for manufacturers seeking stable quality and large-volume sourcing. Their export-ready processes and competitive pricing give them an edge in global supply chains for food, cosmetics, and industrial-grade oils. Buyers appreciate their transparency, certification standards, and timely global shipments.<\/p>\n<p><strong>Dynamic Ranking Note<\/strong><br \/>\nFreshdi also provides dynamic rankings\u2014such as \u201cSuppliers of the Month\u201d or \u201cQuarter Leaders\u201d\u2014based on shipping performance, buyer reviews, and RFQ activity. These rankings change over time, giving buyers updated insights into the top-performing oil suppliers in Vietnam.<\/p>\n<p><strong>Market Navigation \u2013 Statistical Trends, Pricing Analysis &amp; Export Dynamics<\/strong><\/p>\n<p>Vietnam\u2019s oil pricing trends depend heavily on global crude markets, shipping costs, and local refinery output. While crude oil remains volatile, specialty oils like coconut, peanut, and sesame oil show more predictable seasonal patterns.<\/p>\n<p>Refined plant oils often rise in price during:<\/p>\n<ul>\n<li>Peak harvest seasons abroad  <\/li>\n<li>Increased global demand in food and cosmetic industries  <\/li>\n<li>Temporary supply shortages caused by climate or logistics issues  <\/li>\n<\/ul>\n<p>Historical pricing data shows that purchasing during off-peak seasons can reduce procurement costs. Many buyers now track RFQ spikes on platforms like Freshdi to anticipate price movement and secure favorable deals. This demand-driven insight allows buyers to negotiate better terms, lock in forward pricing, or widen their supplier pool strategically.<\/p>\n<p>Export dynamics also shift based on the type of oil. Virgin coconut oil, for instance, sees high demand from North America and Europe, while peanut oil is widely shipped to South Asian and Middle Eastern markets. Understanding these patterns helps buyers choose suppliers capable of meeting specific volume and quality requirements.<\/p>\n<p><strong>Conclusion \u2013 Leveraging Data for Informed Procurement<\/strong><\/p>\n<p>Vietnam remains a major player in refined and specialty oils, supported by strong agricultural output and growing production capabilities. Even though crude oil production is declining, the country\u2019s refined oils sector continues to accelerate and attract global buyers.<\/p>\n<p>Companies looking to source from Vietnam should focus on:<\/p>\n<ul>\n<li>Supplier reliability and export track record  <\/li>\n<li>Production capacity and certifications  <\/li>\n<li>Market trends backed by demand data  <\/li>\n<li>Seasonal price patterns for cost optimization  <\/li>\n<\/ul>\n<p>Freshdi empowers buyers by offering supplier verification tools, insight into RFQ trends, and detailed product analytics. With this support, buyers can make informed decisions, reduce risk, and build long-term sourcing partnerships with Vietnam\u2019s top oil suppliers.<\/p>\n<p><strong>FAQs<\/strong><\/p>\n<ol>\n<li>\n<p>Why are Vietnam\u2019s refined oils so popular with international buyers?<br \/>\nBecause Vietnam offers high-quality plant-based oils with competitive pricing and strong export consistency.<\/p>\n<\/li>\n<li>\n<p>How does Freshdi help buyers compare oil suppliers?<br \/>\nFreshdi provides supplier ratings, export data, reviews, and RFQ trends that help buyers evaluate performance.<\/p>\n<\/li>\n<li>\n<p>Are Vietnamese suppliers reliable for large-volume exports?<br \/>\nYes, especially the top verified suppliers with strong export histories and certifications.<\/p>\n<\/li>\n<li>\n<p>When is the best time to source plant oils from Vietnam?<br \/>\nPrices are often more favorable in off-peak seasons when demand drops.<\/p>\n<\/li>\n<li>\n<p>Are certifications important when choosing an oil supplier?<br \/>\nAbsolutely. Certifications help ensure product purity, safety, and global compliance.<\/p>\n<\/li>\n<\/ol>\n<p><strong>References<\/strong><\/p>\n<p>https:\/\/www.worldometers.info\/oil\/vietnam-oil\/?utm_source=openai<br \/>\nhttps:\/\/www.vietnamexportdata.com\/blogs\/vietnam-crude-oil-imports-2024-25-analysis?utm_source=openai<br \/>\nhttps:\/\/the-shiv.com\/vietnams-crude-oil-industry\/?utm_source=openai<br \/>\nhttps:\/\/gulfnews.com\/business\/energy\/oil-bombshell-in-vietnam-us-giant-murphy-finds-aseans-biggest-strike-in-20-years-1.500403852?utm_source=openai<br \/>\nhttps:\/\/www.spglobal.com\/energy\/en\/news-research\/latest-news\/crude-oil\/111124-vietnams-nsrp-seeks-approval-to-import-more-kuwaiti-crude-amid-high-run-rates?utm_source=openai<br \/>\nhttps:\/\/english.news.cn\/20230313\/bb7ad2e8d21444b1b28090576fa2ae9c\/c.html?utm_source=openai<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vietnam Oil Market Report: Top 3 Oil Suppliers in Vietnam in December 2025 Introduction \u2013 Vietnam&#8217;s Oil Market: A Quantitative Overview Vietnam\u2019s oil industry has been shifting quickly, shaped by falling domestic production, heavier import dependence, and exciting new offshore discoveries that signal long\u2011term potential. With 4.4 billion barrels of proven oil reserves by 2024, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":10240,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_title":"","_yoast_wpseo_metadesc":"","_uag_custom_page_level_css":"","footnotes":""},"categories":[16170,89,91],"tags":[3257,3373,1742,5783,8508,15011,14159,14071,15857,2828,18002,18003,1409,14067,1408,18005],"class_list":["post-10241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aluminum-coils","category-export-directory","category-vietnam","tag-vegetables-market-report","tag-ifpss25-freshproduce-foodsafety-b2bmarketplace-traceability-freshdi-agritech-globaltrade-organicfarming-sustainableagriculture-digitalsourcing-fairtrade","tag-a-premium-tea-and-coffee-supplier-from-the-united-kingdom","tag-a-trusted-fruits-and-vegetables-exporter-from-thailand","tag-additive-quality-vietnam","tag-afghan-banana-suppliers","tag-afghan-edible-oils","tag-afghan-oil-suppliers","tag-alloy-steel-buyers","tag-crude-oil-production","tag-headlines-in-january","tag-oil-market-report","tag-overview-vietnam-sunflower","tag-quantitative-overview-afghanistan","tag-quantitative-overview-vietnam","tag-vietnam-oil-market"],"acf":[],"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/freshdi.com\/blog\/wp-content\/uploads\/2026\/03\/image-5-150x150.jpg","medium":"https:\/\/freshdi.com\/blog\/wp-content\/uploads\/2026\/03\/image-5-300x200.jpg","medium_large":"https:\/\/freshdi.com\/blog\/wp-content\/uploads\/2026\/03\/image-5.jpg","large":"https:\/\/freshdi.com\/blog\/wp-content\/uploads\/2026\/03\/image-5.jpg","1536x1536":"https:\/\/freshdi.com\/blog\/wp-content\/uploads\/2026\/03\/image-5.jpg","2048x2048":"https:\/\/freshdi.com\/blog\/wp-content\/uploads\/2026\/03\/image-5.jpg"},"magazineBlocksPostAuthor":{"name":"Tracy","avatar":"https:\/\/secure.gravatar.com\/avatar\/c6624f8aac26532c2f8a30b99843c04a7f8d015559cf3e35a6cb7aeb9ddcce4d?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"0","magazineBlocksPostExcerpt":"Vietnam Oil Market Report: Top 3 Oil Suppliers in Vietnam in December 2025 Introduction \u2013 Vietnam&#8217;s Oil Market: A Quantitative Overview Vietnam\u2019s oil industry has been shifting quickly, shaped by falling domestic production, heavier import dependence, and exciting new offshore discoveries that signal long\u2011term potential. With 4.4 billion barrels of proven oil reserves by 2024, [&hellip;]","magazineBlocksPostCategories":["Aluminum Coils","Export Directory","Vietnam"],"magazineBlocksPostViewCount":89,"magazineBlocksPostReadTime":6,"magazine_blocks_featured_image_url":{"full":["https:\/\/freshdi.com\/blog\/wp-content\/uploads\/2026\/03\/image-5.jpg",612,408,false],"medium":["https:\/\/freshdi.com\/blog\/wp-content\/uploads\/2026\/03\/image-5-300x200.jpg",300,200,true],"thumbnail":["https:\/\/freshdi.com\/blog\/wp-content\/uploads\/2026\/03\/image-5-150x150.jpg",150,150,true]},"magazine_blocks_author":{"display_name":"Tracy","author_link":"https:\/\/freshdi.com\/blog\/author\/tracy\/"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/c6624f8aac26532c2f8a30b99843c04a7f8d015559cf3e35a6cb7aeb9ddcce4d?s=96&d=mm&r=g","magazine_blocks_category":"<a href=\"https:\/\/freshdi.com\/blog\/category\/aluminum-coils\/\" rel=\"category tag\">Aluminum Coils<\/a> <a href=\"https:\/\/freshdi.com\/blog\/category\/export-directory\/\" rel=\"category tag\">Export Directory<\/a> <a href=\"https:\/\/freshdi.com\/blog\/category\/vietnam\/\" rel=\"category tag\">Vietnam<\/a>","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>-<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/freshdi.com\/blog\/10241-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"-\" \/>\n<meta property=\"og:description\" content=\"Vietnam Oil Market Report: Top 3 Oil Suppliers in Vietnam in December 2025 Introduction \u2013 Vietnam&#8217;s Oil Market: A Quantitative Overview Vietnam\u2019s oil industry has been shifting quickly, shaped by falling domestic production, heavier import dependence, and exciting new offshore discoveries that signal long\u2011term potential. 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