Vietnam Energy Information

Vietnam Energy Research

Vietnam Total Energy Production & Consumption

Total energy consumption has been increasing rapidly over the 2022-2024 period (+9%/year), reaching 126 Mtoe in 2024. It remained rather stable between 2019-2022 at around 104 Mtoe, after rapid growth between 2015 and 2018 (+9%/year) thanks to the economic recovery.

Graph: Primary Consumption Trends by Energy Source

Source: Vietnam energy report

Interactive Chart Vietnam Total Energy Production & Consumption

Source: Global Energy & CO₂ data

Vietnam Oil Production & Consumption

Oil production has increased by 2.6%/year since 2020, reaching 10.5 Mt in 2024. Previously it had rapidly decreased over 2015-2020 (-13%/year). The Ca Tam offshore oil field (with reserves of 4.3 Mt), in southern Vietnam, came into operation in 2019. The Ca Tam oil field is expected to remain in commercial production until 2032. The country started oil production in 1986 in the Bach Ho offshore field ("White Tiger"), production at which has been falling since 2001. A second important field, Dai Hung ("Big Bear"), started production in 1994.

Source: Vietnam energy report

Interactive Chart Vietnam Crude Oil Production & Consumption

Source: Global Energy & CO₂ data

Interactive Chart Vietnam Refined Oil Products Production & Consumption

Source: Global Energy & CO₂ data

Vietnam Natural Gas Production & Consumption

After a 7.4% increase in gas production in 2022 to 8.3 bcm, production fell in 2023 to 7.7 bcm and dropped again to 6.5 bcm in 2024 (-15.4%). Between 2019 and 2021, it had decreased sharply (-13%/year to 7.7 bcm). Previously, production had jumped from 1.6 bcm in 2000 to around 11 bcm since 2015 thanks to the commissioning in 2002 of the Nam Con Son field.

Source: Vietnam energy report

Interactive Chart Vietnam Gas Production & Consumption

Source: Global Energy & CO₂ data

Vietnam Coal and Lignite Production & Consumption

Coal and lignite production has been declining since 2022 (5%/year), to reach 45 Mt in 2024. It had reached a peak in 2022 at 50 Mt. Over 2015-2021, it ranged between 38 and 48 Mt.

Vietnam became a net coal importer in 2015 and its dependency on coal imports increased dramatically since: from 7 Mt in 2015 to 67 Mt in 2024. Vietnam is mainly importing coal from Indonesia, Australia, and Russia. Meanwhile, exports collapsed from 20 Mt in 2010 to 7.3 Mt in 2014 and to only 0.7 Mt in 2024, due to the Government channelling coal output to the domestic market.

Source: Vietnam energy report

Interactive Chart Vietnam Coal and Lignite Production & Consumption

Source: Global Energy & CO₂ data

Vietnam Renewable in % Electricity Production

The Master Plan for the development of energy for 2021-2030 aims for a share of renewables in the total primary energy between 15 and 20% by 2030 (80-85% by 2050).

Source: Vietnam energy report

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

Source: Global Energy & CO₂ data

Vietnam GHG emissions and CO₂ emissions

In its revised NDC (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 the NDC, Vietnam reiterates its intention to reach carbon neutrality by 2050, which was enshrined in the country's National Climate Change Strategy to 2050 (2022). In addition, Vietnam will reduce its methane emissions by 30% in 2030 (compared to 2020 levels), in line with the Global Methane Pledge.

Source: Vietnam energy report

Interactive Chart Vietnam CO₂ emissions

Source: Global Energy & CO₂ data