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 (7 GW of which offshore) and 153.5 GW in 2050.
By 2030, MOIT revised solar development objectives downwards, urging only to bring into operation advanced projects under construction (726 MW) by 2030, and postponing approved projects (1.6 GW) and those 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.