Energy Independence In Asia
1st November, 2024:Vietnam’s growth ambitions could change trade flows
Vietnam is an oil producer, crude oil importer and exporter. It plans to continue to invest in the petroleum sector. The country already boasts two refineries, but is planning to add more capacity since it still needs to import products. The country is also an important shipbuilding nation. In short, Vietnam has a little bit of everything, and this combination of factors makes it an important player in the oil and tanker markets of South East Asia. We thought it a good idea to put the spotlight on Vietnam in this week’s Tanker Opinion. Vietnam is one of Asia’s fastest growing economies with more than 100 million people and this represents significant opportunities the oil and tanker markets in the region.
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