Energy In Vietnam

Vietnam is a well known country in Southeast Asia that has experienced a rapid growth in the industrial sector over past twenty years. During the past twenty years the economy of the country has undergone a sea change and has become one of the fastest growing economies in the world. Special stress is given on industrialization to integrate the economy of the country in to the economy of the world. In  other world the economy  of Vietnam  is  trying  to integrate  into globalization. 

No  industrialization  can grow without a  potential source of power and energy so the  energy  sector  of Vietnam  has  also undergone  a rapid growth. The fuel and energy industry of Vietnam  is one of the biggest industries  in the country. The  country exports  its  fuels and  energies to other  countries after satisfying the  need of the  country and  earns good revenue.

Petroleum is the main source of commercial energy in Vietnam.  Coal too is considered as a potential source of commercial energy.  Coal contributes 25% of the energy of the country.  The oil reserves of Vietnam are in the range of 270 to 500 million tons. The  oil  produce from the oil reserves rose  to   403,300 barrels per day in the year 2004. However, the  output is believed to have  reached its  maximum  level  and  it is expected that the amount of  output  will decrease gradually. 

Vietnam  also has  a good coal  reserve of the  finest quality  anthracite coal. The coal reserves of the  country are estimated at 3.7 billion tons. Coal production of  the country was approximately 19 million tons in the year 2003. The potential natural gas reserves of  Vietnam are 1.3 trillion cubic meters. Hydroelectric power is another source of energy in the country.  Nuclear power plants  are  also  being established with the  help of foreign assistance in the  country.