36 GW
wind and solar capacity in 2030
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This analysis includes a comprehensive Vietnam energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2020 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Highlights
36 GW
wind and solar capacity in 2030
x2
electricity capacity since 2014
0
net CO2 emissions by 2050
Abstract
Institutions & Energy Policy
The Ministry of Industry and Trade (MOIT) supervises the energy sector. Within the MOIT, the General Directorate of Energy (GDE) administers the energy sector through three Departments: Electricity and Renewable Energy, Petroleum and Coal, and Energy Saving and Sustainable Development.
Energy Companies
Electricity:
EVN (Vietnam Electricity), a public holding under the supervision of the MOIT, is the country's national electricity company.
Energy Supply
Gas:
The marketed production of natural gas has been increasing slightly since 2016, by 4%/year to 9.2 bcm in 2020. It grew very rapidly between 2002 and 2010, from 2.8 bcm to 9.8 bcm (+19%/year, on average), following the commissioning in 2002 of the Nam Con Son field. Production growth then slowed down (about 3%/year) to reach a peak in 2016 (10.9 bcm).
Energy Prices
Electricity:
The costs of transmission and distribution, as well as the minimum and maximum production tariffs, are determined by the Regulatory Authority. Since 2017, EVN can raise the average retail price of electricity by between 3-5% without the need to secure approval from MOIT. For increases of more than 5% but less than 10%, EVN must request permission from MOIT.
Energy Consumption
Energy consumption per capita is low, at 1 toe and 2 220 kWh for electricity in 2010 (vs 1.4 toe and 2 712 kWh on average in Asia).
Total energy consumption increased rapidly until 2019 (5%/year over 2010-2019) and decreased slightly in 2020 (91 Mtoe).
Issues & Prospects
According to "National Energy Development Strategy to 2030 and outlook to 2045" (Resolution 55 date de publication?), total primary energy supply is expected to reach 175-195 Mtoe by 2030 and 320-350 Mtoe by 2045.
Below is a list of the Vietnam energy market report graphs:
In the Vietnam energy market report you will find the following tables:
The Vietnam energy market data since 1990 and up to 2020 is included in the Excel file accompanying the Vietnam country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The Vietnam country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
Projections Data (Excel Sheet)
The Vietnam country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.
Data included in the excelsheet:
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