Vietnam's oil refinery capacities remained stable at 159.0 Thousand Barrels Per Day (TBPD) from 2013 to 2015. A gradual increase began in 2016 with capacities climbing to 163.0 TBPD, reaching 167.0 TBPD in 2017. A significant increase occurred in 2018 with capacities more than doubling to 367.0 TBPD. This plateau continued until 2021. By 2022, capacities increased again to 382.0 TBPD, reaching 395.0 TBPD in 2023. Forecasts suggest further increases, reaching 461.0 TBPD by 2028.
Year-on-year variations for the past two years indicate a 4.09% increase in 2022 and a 3.4% increase in 2023. The average variation per year over the last five years (CAGR) stands at 1.48%. The anticipated CAGR for the next five years is 2.47%, translating to an overall growth rate of 12.99% by 2028.
Future trends to watch include the potential impacts of global oil market fluctuations, environmental regulations, and technological advancements in refining processes. Monitoring these factors can provide insights for strategic planning and investment in the Vietnamese oil refinery sector.
Latest reports
US Oil & Gas Market Report- Q4 2024
The fourth quarter of 2024 saw transformative developments in the U.S. oil and gas industry, driven by technological integration, market dynamics, and regulatory...
Japan Oil & Gas Market Report- Q4 2024
The Japan Oil & Gas market in Q4 2024 is characterized by a dynamic shift towards renewable energy integration, influenced by governmental policies...
India Oil & Gas Market Report- Q4 2024
The India Oil & Gas market in Q4 2024 is characterized by an intricate interplay of geopolitical tensions, strategic corporate maneuvers, and significant...
UK Oil & Gas Market Report- Q4 2024
In the fourth quarter of 2024, the UK Oil & Gas market was characterized by significant shifts and strategic adaptations. The sector witnessed...
France Oil & Gas Market Report- Q4 2024
The France oil and gas market in Q4 2024 showcases a dynamic landscape marked by strategic shifts, regulatory challenges, and technological advancements. As...
Canada Oil & Gas Market Report- Q4 2024
In the fourth quarter of 2024, Canada's oil and gas market demonstrated resilience amidst fluctuating global conditions. Key industry players such as Suncor...
Brazil Oil & Gas Market Report- Q4 2024
In the fourth quarter of 2024, Brazil's Oil & Gas market faced significant challenges and opportunities, driven by both domestic factors and international...
Italy Oil & Gas Market Report- Q4 2024
The fourth quarter of 2024 marked a pivotal period for Italy's Oil & Gas industry, characterized by significant shifts towards renewable energy integration,...
South Korea Oil & Gas Market Report- Q1 2025
In the first quarter of 2025, the South Korean oil and gas sector witnessed a strategic pivot towards renewable energy sources, driven by...
Australia Oil & Gas Market Report- Q4 2024
The Australian oil and gas industry in the fourth quarter of 2024 experienced significant developments across various segments, driven by strategic expansions, technological...
