Central & SE Asia / Australasia
Country profile: Vietnam
| Location: | Southeastern Asia, bordering the Gulf of Thailand, Gulf of Tonkin, and South China Sea, alongside China, Laos, and Cambodia |
| Climate: | tropical in south; monsoonal in north with hot, rainy season (May to September) and warm, dry season (October to March) |
| Terrain: | low, flat delta in south and north; central highlands; hilly, mountainous in far north and northwest |
| Size: | 329560 sq. km total (Land area: 325360 sq. km Water area: 4200 sq.km) |
| Population: | 86,116,559 (July 2008 est.) |
| Languages: | Vietnamese (official), English (increasingly favored as a second language), some French, Chinese, and Khmer; mountain area languages (Mon-Khmer and Malayo-Polynesian) |
| Government: | Communist state |
| Capital city: | Hanoi |
| Legal system: | based on communist legal theory and French civil law system; has not accepted compulsory ICJ jurisdiction |
| Currency: | dong (VND) |
| Licensing: |
Country profile
Over the course of two decades Vietnam has emerged as an important regional producer of oil and natural gas in Southeast Asia. The country has boosted exploration activities, allowed greater foreign company involvement in the oil and natural gas sectors, and introduced market reforms aimed at strengthening Vietnam’s energy industry. While these efforts have helped Vietnam expand production of oil and natural gas, domestic consumption of these resources has also increased as a result of rapid economic growth.
The country’s real gross domestic product (GDP) has grown by an average 7.3 percent over the last ten years. Half of Vietnam’s domestic energy consumption comes from oil, with hydropower (20 percent), coal (18 percent), and natural gas (12 percent) supplying the remainder.
Energy production and consumption
| Oil | Gas | |
| Production: | 319,500 bbl/day (2007) | 6 billion cu m (2007 est.) |
| Consumption: | 271,100 bbl/day (2007) | 6 billion cu m (2007 est.) |
| Exports: | 315,700 bbl/day (2007) | |
| Imports: | 271,100 bbl/day (2007) | |
| Reserves: | 3 billion bbl (2007 est.) | 184 billion cu m (1 January 2006 est.) |
| Major fields: |
Vietnam - recent news
| 19 Jan 26 |
Vietnam: Fugro and PTSC G&S extend partnership to provide marine site characterisation services in support of Vietnam’s growing offshore wind industry Fugro has extended its MOU with PTSC Geos and Subsea Services (PTSC G&S), a branch of Petrovietnam Technical Services Corporation to meet Vietnam’s rising demand for geophysical, geotechnical and metocean data services. |
| 11 Jan 26 |
Vietnam: Pacifico Energy achieves commercial operations at Sunpro Wind Farm in Vietnam’s Mekong Delta Pacifico Energy Vietnam, the Vietnam-based development platform of Pacifico Energy Group, a leading global energy infrastructure developer, has announced the commencement of commercial operations at its 30 MW Sunpro Wind Farm, adding new power capacity to Vietnam’s national grid, supporting the country’s transition to clean energy. |
| 07 Jan 26 |
Vietnam: Murphy Oil achieves appraisal success at Hai Su Vang Field, unlocking significant resource upside Murphy Oil Corp has announced that its subsidiary has successfully drilled the Hai Su Vang-2X (HSV-2X) appraisal well in Block 15-2/17 in the Cuu Long Basin, located approx. 40 miles offshore of Vietnam. The well spud in early October 2025 and marks a major milestone in Murphy’s strategic appraisal campaign for the Hai Su Vang (Golden Sea Lion) field. |
| 03 Dec 25 |
Vietnam: Coro Energy provides update on co-located Battery Energy Storage System pilot Coro Energy, the South East Asian renewable energy developer, has signed binding documentation with Mobile World Group for the delivery of a co-located Battery Energy Storage System Pilot ('BESS Pilot') at one of Coro's existing rooftop solar sites in Ho Chi Minh City. |
| 21 Oct 25 |
Vietnam: Pharos Energy announces commencement of Vietnam drilling programme Pharos Energy has provided an update on its drilling activities in Vietnam. Pharos has announced that its six-well infill and appraisal drilling programme in Vietnam has now commenced, starting with the first infill well on the TGT Field targeting the H1 fault block. Pharos has the balance sheet strength to fully fund this programme. |
Vietnam - more news
Other countries in this region
- Australia,
- Bangladesh,
- Brunei,
- Cambodia,
- China,
- Fiji,
- Hong Kong,
- India,
- Indonesia,
- Japan,
- Laos,
- Malaysia,
- Maldives,
- Mongolia,
- Myanmar,
- Nepal,
- New Zealand,
- North Korea,
- Pakistan,
- Palau,
- Papua New Guinea,
- Philippines,
- Singapore,
- South Korea,
- Sri Lanka,
- Taiwan,
- Thailand,
- Timor Leste
