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Vietnam Energy Information

Vietnam Key Figures

Population: 98.2 million
GDP growth rate: 2.59 %/year
Energy independence: 62.0%

Data of the last year available: 2021
Total consumption/GDP:* 88.3 (2005=100)
CO2 Emissions: 2.77 tCO2/capita
Rate of T&D power losses: 6.74%

* at purchasing power parity

View all macro and energy indicators in the Vietnam energy report

Vietnam Related News

View all news, archive your new and create your own daily newsletters only on your topics/countries of interest with Key Energy Intelligence

Vietnam Related Research

Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data

A data overview is available in the global energy statistics app

Total Energy Consumption

Energy consumption per capita is low, at 0.9 toe and 2 300 kWh for electricity in 2021 (vs 1.5 toe and 2 923 kWh on average in Asia).

Total energy consumption increased rapidly until 2019 (5%/year over 2010-2019), slowed down in 2020 and decreased by 5% in 2021 to 92.5 Mtoe.

The share of coal grew rapidly from 25% in 2010 to 52% in 2021 (+27 pp). The share of oil peaked in 2010 with 31% and declined to 24% in 2021. Likewise, the share of biomass has fallen significantly since 2010, going from 25% in 2010 to 8% in 2021.

Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)

Interactive Chart Vietnam Total Energy Consumption

Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data

View the detailed fondamentals of the market at country level (graphs, tables, analysis) in the Vietnam energy report

Crude Oil Production

Oil production has been decreasing rapidly since 2015 (-11%/year), reaching 8.7 Mt in 2021. It increased rapidly until 2000, when it reached 16.6 Mt (2.7 Mt in 1990), and then fluctuated around 15-18 Mt until 2015.

Interactive Chart Vietnam Crude Oil Production

Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data

Additionally, for more detailed information on refineries, you can request a sample of our Asia Refineries Dataset

Renewable in % Electricity Production

As part of the updated draft PDP VIII (November 2022), the Government aims to significantly develop wind capacity from about 4.1 GW in 2021 to over 28.5 GW in 2030 (of which 7 GW offshore) and 153.5 GW in 2050.

By 2030, MOIT revised downwards solar development objectives urging only to bring into operations advanced projects under construction (726 MW) by 2030 and postponing approved ones (1.6 GW) and projects without investors (4.6 GW) after 2030.

Hydropower capacity shall amount to around 29 GW in 2030.

Interactive Chart Vietnam Share of Renewables in Electricity Production (incl hydro)

Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data

Learn more about renewables in the Mini grid Africa & Asia markets for village electrification

CO2 Fuel Combustion/CO2 Emissions

In its revised NDC (November 2022), the country increased its unconditional GHG emissions reduction target from 9% to 15.8% by 2030 relative to a BAU scenario while the conditional target with international support was raised from 27% to 43.5%. In its new NDC, Vietnam reiterates its intention to reach carbon neutrality by 2050, which was enshrined in the country's National Climate Change Strategy to 2050, unveiled in July 2022. In addition, Vietnam will reduce its methane emissions by 30% in 2030 (compared to 2020 levels), in line with the Global Methane Pledge.

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