HANOI, Jan. 14 (Xinhua) -- The petroleum consumption in Vietnam in 2025 is expected to increase by over 8 percent compared to 2024, Vietnam News Agency cited the Ministry of Industry and Trade on Tuesday.
The forecast is based on the current gross domestic product growth rate of about 6.5-7 percent and the Vietnamese National Assembly's target of about 7-7.5 percent.
To ensure the supply of petroleum for 2025 and maintain economic growth and living standards, the ministry has implemented a series of solutions, directing petroleum traders to closely follow the implementation of the assigned minimum total source that has been registered by petroleum traders each quarter.
The total minimum allocated petroleum source in 2025 is about 29.5 million square meters per ton, equivalent to 2.5 million square meters per ton per month, or 7.4 million square meters per ton per quarter, said the ministry.
