Vietnam Energy Information

2019 Vietnam Key Figures

Population: 96.5 million
GDP growth rate: 7.02 %/year
Energy independence: 66.5%

* at purchasing power parity
Total consumption/GDP:* 94.5 (2015=100)
CO2 Emissions: 2.77 tCO2/capita
Rate of T&D power losses: 6.63%

Vietnam Related News

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Vietnam Related Research

Total Energy Consumption

Energy consumption per capita is low, at 1 toe and 2 100 kWh for electricity in 2019 (vs 1.5 toe and 2 600 kWh on average in Asia).

Since 2010, total energy consumption has increased at the significant rate of 4.6%/year, reaching 92 Mtoe in 2019. The consumption of coal and electricity has grown very quickly since 2010: by 12% and 9%/year, respectively.

Interactive Chart Vietnam Total Energy Consumption

More research: Vietnam energy report

Crude Oil Production

Oil production has been decreasing rapidly since 2015 (7%/year), reaching 12 Mt in 2019. 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.

The Ca Tam offshore oilfield (with reserves of 4.3 Mt), in southern Vietnam, came into operation at the beginning of 2019. 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.

Interactive Chart Vietnam Crude Oil Production

More research: Asia Refineries Dataset

Renewable in % Electricity Production

As part of the New Energy Master Plan, the Government issued a resolution in February 2020 (Resolution No. 55-NQ/TW) setting out more ambitious long-term goals for renewables than in the Renewable Energy Development Strategy of 2016. The share of renewables in total primary energy supply is expected to reach 15-20% by 2030 and 25-30% by 2045.

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

CO2 Fuel Combustion/CO2 Emissions

In Setember 2020, the Government updated its Nationally Determined Contribution (NDC). The country intends to reduce its GHG emissions by 9% by 2030 compared to a BAU scenario, equivalent to 83.9 Mt of CO2eq, using its domestic resources. The new target is 1 percentage point higher than in the first NDC. The GHG emissions cut target could be further increased from 25% to 27%, or 250.8 MtCO2eq, with international support through bilateral, multilateral cooperation and the implementation of mechanisms under the Paris Agreement.

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