4.6%
annual increase in total energy consumption since 2010
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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 2019 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
4.6%
annual increase in total energy consumption since 2010
+42%
electricity capacity since 2015 (+16 GW)
57%
of electricity generation from coal (2019)
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 (Electricity of Vietnam), a public holding under the supervision of the MOIT, has been the country's national electricity company since 1995.
Energy Supply
Resources:
Vietnam has significant energy reserves: 100 TWh of economically exploitable hydro resources, more than 3 100 Mt of proved recoverable coal reserves, almost 200 bcm of proven natural gas reserves (2019), and around 600 Mt of crude oil reserves (2019). The oil reserves are the second largest in Asia behind China and close those for India.
Energy Prices
Oil:
The prices of motor fuels are partially controlled (the Government sets prices within a 10% range in the case of motor fuels, and in a 5% range for other products).
Energy Consumption
Energy consumption per capita is low, at 1 toe and 2 100 kWh for electricity in 2019 (vs 1.5 toe and 2 600 kWh on average in Asia).
Since 2010, total energy consumption has increased at the significant rate of 4.6%/year, reaching 92 Mtoe in 2019. The consumption of coal and electricity has grown very quickly since 2010: by 12% and 9%/year, respectively.
Issues & Prospects
According to "The Energy Development Planning in Vietnam to 2025 with a vision up to 2035", the total primary energy supply in Vietnam is expected to grow by 5.3%/year between 2016 and 2025 and by 4.8%/year between 2016 and 2035, increasing from 80 Mtoe in 2015 to 136 Mtoe in 2025 and 218 Mtoe in 2035.
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 2019 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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