Vietnam Key Figures
- Population:
- 98.9 million
- GDP growth rate:
- 5.05 %/year
- Energy independence:
- 56.1%
Data of the last year available: 2023
- Total consumption/GDP:*
- 93.6 (2005=100)
- CO2 Emissions:
- 3.47 tCO2/capita
- Rate of T&D power losses:
- 6.88%
* at purchasing power parity
View all macro and energy indicators in the Vietnam energy report
Vietnam Energy News
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Vietnam Energy Research
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Vietnam Total Energy Consumption
Energy consumption has been increasing gradually since 2010 as the manufacturing industry grows.
Energy consumption per capita is low, at 1.2 toe and 2 520 kWh for electricity in 2023 (vs 1.6 toe and 3 000 kWh on average in Asia).
Total energy consumption increased rapidly until 2019 (6.2%/year over 2010-2019), and since 2022 (6.6%/year), to 115 Mtoe in 2023.
Interactive Chart Vietnam Total Energy Consumption
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View the detailed fondamentals of the market at country level (graphs, tables, analysis) in the Vietnam energy report
Vietnam Crude Oil Production
Oil production has remained stable since 2020, at around 9 Mt, after a rapid decrease over 2015-2020 (-12%/year). Previously, it increased rapidly until 2000, when it reached 16.6 Mt (2.7 Mt in 1990).
Interactive Chart Vietnam Crude Oil Production
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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).
In the PDP VIII, wind, solar, hydropower, and biomass are planned to provide 48% of the installed capacity; this share would then rise to 63% in 2050.
Interactive Chart Vietnam Share of Renewables in Electricity Production (incl hydro)
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Learn more about renewables in the Mini grid Africa & Asia markets for village electrification
Vietnam CO2 Fuel Combustion/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.