Vietnam Energy Information

Total 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).

The share of coal grew rapidly from 25% in 2010 to 52% in 2020. The share of oil peaked in 2010 with 31% and declined to 22% in 2020. Likewise, the share of biomass has fallen significantly since 2010, going from 25% in 2010 to 9% in 2020.

Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)

Interactive Chart Vietnam Total Energy Consumption

Crude Oil Production

Oil production has been decreasing rapidly since 2015 (-11%/year), reaching 9.8 Mt in 2020. 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

Renewable in % Electricity Production

As part of the September 2021's draft PDP VIII, the Government aims to substantially develop wind capacity from about 600 MW in 2020 to over 12.5 GW for onshore wind and a minimum of 2 GW for offshore wind in 2030 (10% of total capacity). Solar power should reach 18 to 21 GW in 2030 (14.5% of total capacity). Large, medium, and pumped-storage hydropower will reach 28 GW in 2030 (19.5% of total capacity). For 2045, 21 to 36 GW of wind and 51.5 to 64 GW of solar are planned.

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

CO₂ Fuel Combustion/CO₂ Emissions

The updated NDC (2020) aims to reduce GHG emissions by 9% in 2030 compared to a BAU scenario, equivalent to 83.9 MtCO₂eq, using its domestic resources. The new target is 1% higher than in the first NDC. The GHG emissions cut target could be further increased to 27%, or 250.8 MtCO₂eq, with international support. In November 2021, Vietnam committed to reach net-zero carbon emissions by 2050.