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
| 11 Jun 26 |
Vietnam/Philippines: Coro Energy announces final results for the year ended 31 December 2025 Coro Energy, the South East Asian renewable energy developer, has announces its final results for the year ended 31 December 2025. |
| 26 May 26 |
Vietnam: Invitation to bid: Open Bidding Round for Block 17, Offshore Vietnam PETROVIETNAM invites interested partners to participate in the Open Bidding Round for Block 17, Offshore Vietnam. This presents an opportunity for investors to access and evaluate investment in one of the petroleum potential blocks located in the Cuu Long Basin, Offshore Vietnam. |
| 20 Apr 26 |
Vietnam: Jadestone Energy signs Vietnam gas sales agreement Jadestone Energy has announced the signing of the gas sales agreement for the supply of gas from the Nam Du / U Minh discoveries offshore Vietnam. |
| 12 Apr 26 |
Vietnam: Technip Energies awarded contract for Long Son Petrochemicals enhancement project in Vietnam Technip Energies has been awarded a contract by Long Son Petrochemicals Co., Ltd. (LSP) for its Long Son Petrochemicals Enhancement (LSPE) project, located on Long Son Island, Vietnam. |
| 18 Mar 26 |
Vietnam: Jadestone Energy's Field Development Plan for the Nam Du / U Minh gas discoveries offshore Vietnam has been formally approved AIM-listed Jadestone Energy, an independent upstream production and development company focused on the Asia-Pacific region, has announced that the Field Development Plan ('FDP') for the Nam Du / U Minh gas discoveries offshore Vietnam has been formally approved by the Vietnam Government. |
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
