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
| 18 Mar 25 |
Vietnam: Jadestone Energy submits field development plan for Vietnam assets AIM-listed Jadestone Energy, an independent upstream production and development company focused on the Asia-Pacific region, has submitted a field development plan ('FDP') for the Nam Du/U Minh ('NDUM') discoveries offshore southwest Vietnam to Petrovietnam, commencing the regulatory approval process. |
| 13 Feb 25 |
Vietnam: Scatec closes sale of Vietnam wind power plant to SUSI Asia Energy Transition Fund Scatec has completed the sale of its 100 percent stake in the 39-megawatt (MW) Dam Nai wind farm and the associated operating company in Vietnam to Sustainable Asia Renewable Assets, a utility-scale renewable energy platform of the SUSI Asia Energy Transition Fund. |
| 22 Jan 25 |
Vietnam: EnQuest announces acquisition of Harbour Energy’s Vietnam business EnQuest has signed a Sale and Purchase Agreement to acquire Harbour Energy’s business in Vietnam, which includes the 53.125% equity interest in the Chim Sáo and Dua production fields. |
| 08 Jan 25 |
Vietnam: Murphy Oil announces oil discovery at Hai Su Vang-1X offshore Vietnam Murphy Oil Corporation has announced that its subsidiary has drilled an oil discovery at the Hai Su Vang-1X exploration well in Block 15-2/17 in the Cuu Long Basin, located 40 miles offshore Vietnam. The well was drilled to total depth of 13,124 feet in 149 feet of water. Hai Su Vang-1X encountered approx. 370 feet of net oil pay from two reservoirs. |
| 20 Dec 24 |
Vietnam: Pharos Energy announces extension of Vietnam production licences Pharos Energy, has announced that the applications for five-year licence extensions to the Company's two producing assets in Vietnam, the TGT and CNV fields, have been formally granted by the Vietnamese 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
