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
| 02 Dec 24 |
Vietnam: Yinson Production and PTSC JV wins FSO contract with a subsidiary of Murphy Oil Corp for the Lac Da Vang project in Vietnam PTSC Asia Pacific, a joint venture between Yinson Production and PetroVietnam Technical Services Corp, has executed a contract for the provision, charter, operation and maintenance of the FSO vessel for the Lac Da Vang project with Murphy Oil. The FSO is expected to start operations in the Lac Da Vang field located in Block 15-1/05 offshore Vietnam in the fourth quarter of 2026. |
| 06 Nov 24 |
Vietnam: Coro Energy announces convertible loan increase and Vietnam update Coro Energy, the South East Asian energy company with a natural gas and clean energy portfolio, has announced an increase to the previously announced convertible loan and further positive developments at its C&I rooftop solar business in Vietnam. |
| 05 Nov 24 |
Vietnam: Wood to support cleaner, increased fuel production in Vietnam Wood has been awarded a Front-End Engineering Design (FEED) contract for cleaner, increased fuel production at the Dung Quat Oil Refinery in Quang Ngai Province, Central Vietnam. Under this contract with Binh Son Refining and Petrochemical Joint Stock Company, Wood will upgrade and expand the state-owned refinery to increase throughput and ensure fuels comply with Euro V specifications. |
| 25 Sep 24 |
Vietnam: Coro Energy provides update on its rooftop solar business in Vietnam Coro Energy, the South East Asian energy company with a natural gas and clean energy portfolio, has announced further positive developments at its C&I rooftop solar business in Vietnam as it continues to deliver on its strategy in-country. |
| 24 Sep 24 |
Vietnam: Excelerate Energy and PTSC enter partnership to study FSRU based solutions in Vietnam Excelerate Energy, a leading provider of floating storage and regasification units (FSRUs) and liquefied natural gas (LNG) solutions, and PetroVietnam Technical Services Corporation (PTSC), a subsidiary of Vietnam Oil and Gas Group (PetroVietnam), have signed a strategic partnership agreement to jointly study FSRU based technical solutions for LNG imports into Vietnam. |
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
