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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Vietnam Oil and Gas Market Share
The downstream segment is the dominant segment in the oil and gas market. This is because of the rising demand for refined petroleum products in the country such as synthetic fibres and Liquified Petroleum Gas (LPG). In addition to lowering reliance on imports and promoting economic growth, the downstream segment is essential for satisfying domestic demand for refined products. The petrochemical industry, infrastructure for retail sales, and projects to expand refining capacity are the main drivers of the downstream sector's growth.
| 2023 Market Share by | Region |
| Red River Delta | 22.0% |
| Southeast | XX% |
| Mekong River Delta | XX% |
| South Central Coast | XX% |
Vietnam Oil and Gas Market Report Snapshots
Vietnam Oil and Gas Market Size
Vietnam Oil and Gas Market Growth
Vietnam Oil and Gas Market Share
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
It is estimated that the market reached approximately 1,056.31 GJ in 2023.
The Vietnam oil and gas market is expected to grow at a CAGR of 2.9% between 2024 and 2032.
The market is projected to reach a volume of around 1,363.86 GJ by the year 2032.
The rising demand for downstream oil and gas products, increasing investments towards increasing natural gas production, and rising support from the government are the major drivers of the market.
The key trends aiding the market expansion include the increasing penetration of foreign players in the downstream sector, growing expansion of petroleum refineries, and a shift towards cleaner fuels like natural gas.
Based on sectors, the market is divided into upstream, midstream, and downstream.
The key players in the market are Exxon Mobil Corp., Eni S.p.A, Shell Plc, TotalEnergies SE, Idemitsu Kosan Co., Ltd Jadestone Energy Plc, Essar Oil and Gas Exploration and Production Limited, Vietnam Oil and Gas Group (PetroVietnam), AP SAIGON PETRO, Petrolimex Petrochemical Corporation (Petrolimex), and others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124