Key Market Indicators
Vietnam's energy consumption is projected to surge to approximately 5.7 exajoules by 2028, up from around 4.8 exajoules in 2023. This represents an average annual growth rate of 2.9%. Since 1970, Vietnam has seen a significant rise in energy demand, with an average yearly increase of 4.1%. In 2023, Vietnam ranked 24th globally in energy consumption, right behind Taiwan, which also recorded about 4.8 exajoules. Leading the global energy consumption rankings were the United States, India, and Russia, occupying the second, third, and fourth positions respectively.
