Skip to main content

Vietnam energy report

Vietnam energy report
mail
arrow_upward
Update
Format
4 files (PDF report, 3 Excel files)
Pages
76 (Report only)
Delivery
Immediate by e-mail
Table of Contents
  • GENERAL OVERVIEW
  • ENERGY AND CLIMATE POLICY FRAMEWORK
  • ENERGY COMPANIES
  • ENERGY SUPPLY AND DEMAND
  • ENERGY USE AND PRICE BY SECTOR
  • ISSUES AND PROSPECTS
  • STATISTICS
  • ABBREVIATIONS
  • GLOSSARY

Download the Table of Contents

Download samples
Report Sample Country Data Sample Power Generation Sample Forecast Sample

Buy Vietnam energy report

Price without VAT. Depending on your status and location, VAT might be applicable. Get in touch with us for more information.

After validation, you will immediately receive 4 files by email (one pdf report and 3 excel files containing the datasets).

Price
1 490 €

Overview

Vietnam’s energy sector is undergoing a strategic transformation, prioritising renewables and low-carbon solutions to meet ambitious climate targets. The revised Power Development Plan VIII targets a significant shift towards solar, wind, and hydropower, aiming for renewables to dominate the energy mix by 2050. Policies promote biofuels, hydrogen, and nuclear energy while phasing out coal, supported by international partnerships like the Just Energy Transition Partnership. Market liberalisation, regulatory reforms, and infrastructure expansion further underpin this transition.

Get more details on the table of contents and data files, as well as the list of graphs and tables by browsing the tabs below.

Highlights

  • The 2025 Revised PDP VIII aims for renewables to reach between 74-75% of the power mix by 2050.
  • Politburo Resolution sets 2030 energy security targets: 150-170 Mtoe of primary energy supply, 183-236 GW of installed capacity, 5 to 35% cut in GHG emissions from energy activities (vs BaU).
  • State-owned companies dominate the energy sector: PVN for hydrocarbons (98% of gas production), EVN for electricity (34% of installed capacity), and Vinacomin for coal (86% of production).
  • The power mix is 55% from thermal, including 47% from coal.
  • Solar capacities have nearly quadrupled in recent years, from 5 GW in 2019 to more than 19 GW in 2025.
  • Primary energy consumption per capita is 1/3 lower than the Asian average in 2025.
  • Industry accounts for 50% of final energy consumption (vs 35% in 2010).
  • New list of important projects has been approved, aiming to build 60.3 GW of new capacity over the 2025-2035 period, of which ¾ of capacity being fossil fuel-fired projects.
46.5%
share of coal in the power mix (2025)
X4
solar capacities increase over 2019-2025
Up to 236 GW
aimed total capacity by 2030

  • Energy & Climate Policy Framework

    The Ministry of Industry and Trade (MOIT) supervises the energy sector. Within the MOIT, the General Directorate of Energy (GDE) was split into three Departments in 2017: Electricity and Renewable Energy, Petroleum and Coal, and Energy Saving and Sustainable Development.

  • Energy Companies

    Gas:

    PV Gas, PetroVietnam Gas Corporation is the national gas company (96% PetroVietnam, 4% foreign ownership). In 2025, the group produced around 6.2 bcm of natural gas (-3%, ~98% of total production).

  • Energy Supply & Demand

    Oil:

    Oil production has decreased by 2%/year since 2020, reaching 8.4 Mt in 2025. Previously, it had decreased very rapidly over 2015-2020 (-14%/year).

  • Energy Use and Price by Sector

    Energy Prices in Industry:

    In 2025, electricity prices for industry decreased by 2.5% to 8 USDc/kWh. Previously, over 2022-2024, they increased by 2.6%/year. Electricity prices for industry in Vietnam are around two times lower than in Cambodia.

    Graph: Energy Prices in Industry (Taxes Included)

  • Issues & Prospects

    Within the Master Plan for the development of energy for 2021-2030, with a vision to 2050 (published in 2023), energy demand is projected to increase at an average of 7%/year until 2030 and 6.5-7.5%/year between 2031-2050. The total primary energy supply is expected to reach 155 Mtoe in 2030 and between 294-311 Mtoe in 2050.

  • Graph 1: Final Intensity to GDP
  • Graph 2: Primary Consumption Trends by Energy Source
  • Graph 3: Total Consumption Market Share by Energy (2025)
  • Graph 4: Installed Electric Capacity by Source
  • Graph 5: Installed Electric Capacity by Source (2025)
  • Graph 6: Gross Power Production by Source & Consumption
  • Graph 7: Power Generation by Source (2025)
  • Graph 8: CO2 Intensity of Electricity Generation
  • Graph 9: Crude Oil Production & Consumption
  • Graph 10: Petroleum Products Production & Consumption
  • Graph 11: Gas Production & Consumption
  • Graph 12: Coal Production & Consumption
  • Graph 13: Emissions of GHG and CO2 from Fuel Combustion
  • Graph 14: CO2-Emissions per Capita
  • Graph 15: CO2 Intensity to GDP
  • Graph 16: Final Demand Trends by Energy Source
  • Graph 17: Final Consumption by Sector
  • Graph 18: Final Consumption Market Share by Sector (2025)
  • Graph 19: Share of Electricity in Total Final Energy Consumption
  • Graph 20: Final Consumption in Industry by Energy Source
  • Graph 21: Energy Prices in Industry (Taxes Included)
  • Graph 22: Final Consumption in Transport by Energy Source
  • Graph 23: Energy Prices in Transport (Taxes Included)
  • Graph 24: Final Consumption in Residential, Services, Agriculture by Energy Source
  • Graph 25: Energy Prices in Residential (Taxes Included)
  • Graph 26: Upcoming New Capacity by Energy Source
  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.

The Vietnam energy market data since 1990 and up to 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:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Vietnam Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Vietnam energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).

The Vietnam country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.

Data included in the excelsheet:

  • Demand: Primary energy consumption, final energy consumption, by fuel, by sector.
  • Power: Electricity generation & capacities, by technology.
  • CO2: Total CO2 emissions.
  • Macro-economy: Main macro-economic assumptions.
  • Key indicators: Energy intensity, share of renewables, CO2 emissions per capita and per unit of GDP.