Vietnam Energy Situation

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Vietnam

Capital:

Hanoi

Region:

Coordinates:

21.0333° N, 105.8500° E

Total Area (km²): It includes a country's total area, including areas under inland bodies of water and some coastal waterways.

331,340

Population: It is based on the de facto definition of population, which counts all residents regardless of legal status or citizenship--except for refugees not permanently settled in the country of asylum, who are generally considered part of the population of their country of origin.

98,858,950 (2023)

Rural Population (% of total population): It refers to people living in rural areas as defined by national statistical offices. It is calculated as the difference between total population and urban population.

61 (2023)

GDP (current US$): It is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

429,716,969,050 (2023)

GDP Per Capita (current US$): It is gross domestic product divided by midyear population

4,346.77 (2023)

Access to Electricity (% of population): It is the percentage of population with access to electricity.

100.00 (2022)

Energy Imports Net (% of energy use): It is estimated as energy use less production, both measured in oil equivalents. A negative value indicates that the country is a net exporter. Energy use refers to use of primary energy before transformation to other end-use fuels, which is equal to indigenous production plus imports and stock changes, minus exports and fuels supplied to ships and aircraft engaged in international transport.

-15.11 (2013)

Fossil Fuel Energy Consumption (% of total): It comprises coal, oil, petroleum, and natural gas products.

69.82 (2013)

Source: World Bank

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Introduction

Vietnam remains one of world’s fastest growing economies, having sustained an average growth rate of 6.8% over the last seven years, and currently has a per capita GDP of about £1,100. In spite of these impressive gains, the vast majority of the population continues to live in rural areas where incomes are far below the national average, and is largely dependent on small-scale farming or animal husbandry. In addition, Vietnam is highly vulnerable to adverse impacts of climate change, which may eliminate the much of the gains made in poverty reduction and economic development.

In the last decade, fast industrialization and the economy’s expansion lead to its rapidly growing energy consumption. An increased dependency on fossil fuels is foreseen. Vietnam targets to increase the share of renewable energy in total, commercial, primary energy from 3% in 2010 to 5% in 2020 and 11% by 2050.

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Energy Situation

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Further Information

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References

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