A Historic Milestone: Vietnam’s First “Black Gold” Stream Crosses Borders, Flowing into Laos

Binh Son Refinery and Petrochemical Joint Stock Company (BSR) has successfully sold its first batches of diesel oil to the Lao People’s Democratic Republic. Specifically, BSR sold 420 cubic meters of diesel oil to Petrol Vietnam Oil Corporation Laos (PVOIL Laos), a subsidiary of Petrol Vietnam Oil Corporation (PVOIL).

According to a representative of PVOIL Trans Central, the transportation subsidiary, the diesel oil batches will be transported through the Bờ Y international border gate in Quang Ngai province for consumption in the Lao market.

Upon receiving the products from the Dung Quat Refinery, PVOIL Laos and PVOIL Trans ensured the safe and timely transportation of the oil to the consumption market, with an estimated travel time of 3-4 days.

Prior to this, BSR had directly exported diesel oil to Laos after negotiations and cooperation agreements with Somvanchaleun Petroleum Jelly Co., Ltd. On July 24-25, 2025, approximately 315 cubic meters of diesel oil were transported in seven specialized tankers and cleared customs at Na Meo border gate in Thanh Hoa province on July 28. This move marks a significant step in expanding the reach of Vietnamese “black gold” in the neighboring market.

“Expanding our exports to the Lao market is a strategic move for BSR,” emphasized Mr. Nguyen Viet Thang, CEO of Binh Son Refinery and Petrochemical JSC, when discussing the recent diesel oil export.

Mr. Thang added that BSR is steadily demonstrating its flexible supply capacity and efficient connectivity within the Petrovietnam value chain, not only meeting domestic demands but also actively expanding its international market share when opportunities arise.

“We are committed to maintaining stable product quality, strictly adhering to domestic and international technical and environmental standards. Furthermore, BSR guarantees the absolute safety and legal compliance of all export, import, and transportation operations,” he assured.

The BSR leadership also expressed their optimism that the initial success in the Lao market will serve as a foundation for expanding their customer base to neighboring countries, contributing to the optimization of the Dung Quat Refinery’s operations and enhancing the company’s performance in this new phase.

Prior to this, BSR had exported various products to the international market, including naphtha, fuel oil (FO), liquefied petroleum gas (LPG), propylene, polypropylene pellets, and sulfur.

Binh Son Refinery and Petrochemical Joint Stock Company, formerly known as Binh Son Refinery and Petrochemical One-Member Limited Company, was established in 2008. BSR is responsible for managing and operating the Dung Quat Refinery, playing a pioneering role in the development of Vietnam’s petroleum and petrochemical industry. As of the second quarter of 2025, BSR’s total assets amounted to 84,172 billion VND (equivalent to 3.2 billion USD).

In terms of business performance, during the first six months of 2025, BSR achieved a production volume of 3.84 million tons, exceeding the plan by 16%. The company’s total revenue reached 69,461 billion VND, surpassing the plan by 22%.

The company’s estimated pre-tax profit stood at 800 billion VND, exceeding the plan by 95%. In the same period, BSR contributed over 7,302 billion VND to the state budget, surpassing the plan by 13%.

BSR has diversified its crude oil sources, procuring over 20 types of crude oil from various regions worldwide. Additionally, the company has adopted new chemicals and catalysts to reduce costs and improve processing efficiency.