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 annual growth rate of nearly 3%. Since 1970, the country's energy demand has experienced an average annual increase of just over 4%, highlighting its rapid development and growing energy needs. In the global context, Vietnam was ranked 24th in 2023 in terms of energy consumption. Taiwan closely trailed Vietnam with an energy consumption of around 4.8 exajoules. The leading nations in the ranking were the United States, India, and Russia, occupying the second, third, and fourth positions respectively.
Latest reports
Vietnam Energy Market Report- Q1 2025
In the first quarter of 2025, Vietnam's energy sector is at a pivotal juncture, driven by a combination of strategic initiatives in renewable...
Vietnam Energy Market Report- Q4 2024
The fourth quarter of 2024 witnessed a dynamic landscape in Vietnam's energy market, characterized by significant advancements and strategic shifts across various sectors....
Vietnam Energy Market Report - Q4 2024
The energy sector in Vietnam during the fourth quarter of 2024 showcases dynamic developments driven by strategic investments, regulatory changes, and technological advancements....
