- Oil Production refers to the total amount of crude oil extracted from underground reservoirs within a country during a given year, before any refining or processing takes place.
Vietnam Oil Production was 0.188 Million Barrels Daily in 2023, down 3.1% on 2022. The Oil Production dataset of Vietnam from 2015 to 2023 provides a clear and consistent view of the country's oil production landscape, highlighting output trends, production levels, supply changes, industry performance, and annual market developments over the observed period.
Vietnam Oil Production moved from 0.352 Million Barrels Daily in 2015 to 0.188 Million Barrels Daily in 2023 (−46.6%), an average of −7.5% a year. The series high was 0.352 Million Barrels Daily in 2015 and the low 0.188 Million Barrels Daily in 2023.
The gap between the series high (2015) and low (2023) is 0.164 Million Barrels Daily. The sharpest single-year move was −12.3% in 2020.
Among the 27 countries in this dataset, Vietnam ranks 25 for 2023, behind U.S. (19.36 Million Barrels Daily) and Saudi Arabia (11.39 Million Barrels Daily). It accounts for 0.2% of the global total in 2023.
Full series
Complete annual series with year-on-year change. Values are reported in Million Barrels Daily.
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| Year | Million Barrels Daily | Change vs prior year |
|---|---|---|
| 2023 Trough | 0.188 | −3.1% |
| 2022 | 0.194 | −1% |
| 2021 | 0.196 | −5.3% |
| 2020 | 0.207 | −12.3% |
| 2019 | 0.236 | −8.2% |
| 2018 | 0.257 | −9.5% |
| 2017 | 0.284 | −10.4% |
| 2016 | 0.317 | −9.9% |
| 2015Peak | 0.352 | — |
Regional context
Oil Production by country, 2023, Million Barrels Daily. Vietnam is highlighted.
Data definition
Oil Production — - Oil Production refers to the total amount of crude oil extracted from underground reservoirs within a country during a given year, before any refining or processing takes place. It is typically measured in thousand barrels per day (kb/d) and represents the output of crude petroleum from both conventional and unconventional sources. This indicator reflects a country’s upstream oil industry performance, resource availability, and role in global energy supply. It is widely used to assess production trends, energy security, and dependence on oil resources for economic development.
The data includes crude oil extracted from both onshore and offshore oil fields, covering production from conventional wells as well as unconventional sources such as tight oil and shale oil where applicable. It includes all crude oil produced at the wellhead before refining, processing, or blending. The indicator may also include lease condensate when reported as part of crude oil production in national energy statistics. Data is compiled from national energy agencies, oil companies, and standardized international energy databases, ensuring consistency in comparing production levels across countries and over time.
The data excludes refined petroleum products such as gasoline, diesel, jet fuel, kerosene, LPG, and other products derived from crude oil after refining. It does not include natural gas production, natural gas liquids (except where classified as condensate under crude oil reporting), biofuels, synthetic crude from coal-to-liquids or gas-to-liquids processes, or refinery gains. The indicator does not measure oil consumption, reserves, imports, exports, or refining capacity. Minor variations may arise due to differences in national reporting standards, classification of condensates, and estimation methodologies used across countries.
Oil Production — - Oil Production refers to the total amount of crude oil extracted from underground reservoirs within a country during a given year, before any refining or processing takes place. It is typically measured in thousand barrels per day (kb/d) and represents the output of crude petroleum from both conventional and unconventional sources. This indicator reflects a country’s upstream oil industry performance, resource availability, and role in global energy supply. It is widely used to assess production trends, energy security, and dependence on oil resources for economic development.
Measured in thousand barrels daily, the dataset reflects total oil production and serves as an important indicator of upstream activity, domestic energy supply, investment trends, resource development, and the overall performance of Vietnam's petroleum sector. The dataset enables stakeholders to assess changes in domestic crude oil production, monitor upstream industry performance, evaluate resource utilization, and support long-term energy planning and investment decisions.
Vietnam produced 352 thousand barrels daily in 2015 before declining to 317 thousand in 2016 and 284 thousand in 2017. Production continued to decrease to 257 thousand barrels daily in 2018 and 236 thousand in 2019 as mature offshore oil fields experienced declining productivity. Output fell further to 207 thousand barrels daily in 2020, followed by 196 thousand in 2021, 194 thousand in 2022, and 188 thousand barrels daily in 2023. The consistent decline reflects natural depletion of producing fields, lower output from mature reserves, and limited additions from new exploration and development projects despite continued efforts to optimize production.
Overall, the dataset illustrates a steady downward trend in Vietnam's oil production throughout the review period. Although domestic crude oil production continues to contribute to the country's energy supply and petroleum industry, declining output highlights the importance of sustained upstream investment, enhanced recovery technologies, and continued exploration activities to maintain future production levels and strengthen long-term energy security.
The dataset serves as a valuable resource for monitoring national oil production performance, evaluating supply trends, assessing upstream investment, supporting market analysis, forecasting future production, and enabling policymakers, researchers, investors, and industry stakeholders to develop effective energy strategies and production planning.
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Definition- Oil Production refers to the total amount of crude oil extracted from underground reservoirs within a country during a given year, before any refining or processing takes place. It is typically measured in thousand barrels per day (kb/d) and represents the output of crude petroleum from both conventional and unconventional sources. This indicator reflects a country’s upstream oil industry performance, resource availability, and role in global energy supply. It is widely used to assess production trends, energy security, and dependence on oil resources for economic development.
Vietnam Oil Production was 0.188 Million Barrels Daily in 2023, down 3.1% on 2022.
Vietnam Oil Production moved from 0.352 Million Barrels Daily in 2015 to 0.188 Million Barrels Daily in 2023 (−46.6%), an average of −7.5% a year. The series high was 0.352 Million Barrels Daily in 2015 and the low 0.188 Million Barrels Daily in 2023.
The highest value was 0.352 Million Barrels Daily in 2015 and the lowest was 0.188 Million Barrels Daily in 2023.
Included: The data includes crude oil extracted from both onshore and offshore oil fields, covering production from conventional wells as well as unconventional sources such as tight oil and shale oil where applicable. It includes all crude oil produced at the wellhead before refining, processing, or blending. The indicator may also include lease condensate when reported as part of crude oil production in national energy statistics. Data is compiled from national energy agencies, oil companies, and standardized international energy databases, ensuring consistency in comparing production levels across countries and over time. Excluded: The data excludes refined petroleum products such as gasoline, diesel, jet fuel, kerosene, LPG, and other products derived from crude oil after refining. It does not include natural gas production, natural gas liquids (except where classified as condensate under crude oil reporting), biofuels, synthetic crude from coal-to-liquids or gas-to-liquids processes, or refinery gains. The indicator does not measure oil consumption, reserves, imports, exports, or refining capacity. Minor variations may arise due to differences in national reporting standards, classification of condensates, and estimation methodologies used across countries.
The series is sourced from energyinst.org (https://www.energyinst.org/__data/assets/pdf_file/0006/1542714/684_EI_Stat_Review_V16_DIGITAL.pdf). It covers 2015–2023 and is reported in Million Barrels Daily.
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