Southeast Asia · VNM
Vietnam
The factory floor of the next decade, adding a Germany’s-worth of load every few years.
Oil production
0.2 mb/d
0.6 mb/d demand
Net oil
-0.4 mb/d
Import gap
Gas production
8 bcm
Net -1 bcm
O&G rent
1.1%
Share of GDP
Oil balance
Production versus demand, 2025, million barrels per day.
Gas balance
Production versus demand, 2025, billion cubic metres.
Proven oil
4 bn bbl
Gas reserves
0.6 tcm
Refining
0.4 mb/d
LNG
2 bcm import
Hydrocarbon mix
Oil versus gas in this country’s oil-and-gas demand (oil-equivalent).
- Oil63%
- Gas37%
Economy
FDI arrives only if the lights stay on. Coal plants and rooftop solar are racing; LNG terminals are the 2028–30 swing. Droughts on the Mekong still bite hydro.
- GDP
- $0.5 tn
- Population
- 101.0 m
- Oil intensity
- 0.4 bbl /$1k
- Oil & gas rent
- 1.1% GDP
- Hydrocarbon trade
- 3.4% GDP
- Fiscal breakeven
- —
- $30 oil shock
- -8.6 pp GDP
- Club
- Independent
Projected oil demand
Regional IEA WEO 2025 oil pathways applied to this country’s 2025 baseline. STEPS 2035 demand 0.7 mb/d (net -0.6) versus NZE 0.4 mb/d (net -0.3).
| Scenario | 2025 | 2030 | 2035 | 2050 |
|---|---|---|---|---|
| Stated Policies | 0.6 | 0.6 | 0.7 | 0.9 |
| Net Zero 2050 | 0.6 | 0.6 | 0.4 | 0.2 |
| Current Policies | 0.6 | 0.6 | 0.7 | 0.9 |