Fossil-fuel subsidies in Vietnam
Vietnam: Fossil-fuel subsidies was 3.36 billion billions of current united states dollars in 2024. ◆ Volatile
Fossil-fuel subsidies in Vietnam, 2010–2024
Source: United Nations Environment Programme – with minor processing by Our World in Data. Measured in billions of current united states dollars.
Analysis
Vietnam recorded 3.36 billion billions of current united states dollars for fossil-fuel subsidies in 2024.
The figure is down 13.8% on the previous year and up 197.3% over ten years.
Over the whole period, fossil-fuel subsidies in Vietnam peaked at 32.58 billion billions of current united states dollars in 2022 and was at its lowest, 80.00 million billions of current united states dollars, in 2015.
Vietnam ranks 39th of 189 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Fossil-fuel subsidies in Vietnam, year by year
| Year | billions of current united states dollars | Change |
|---|---|---|
| 2010 | 2.82 billion billions of current united states dollars | — |
| 2011 | 3.71 billion billions of current united states dollars | +31.6% |
| 2012 | 4.96 billion billions of current united states dollars | +33.7% |
| 2013 | 1.74 billion billions of current united states dollars | -64.9% |
| 2014 | 1.13 billion billions of current united states dollars | -35.1% |
| 2015 | 80.00 million billions of current united states dollars | -92.9% |
| 2016 | 100.00 million billions of current united states dollars | +25.0% |
| 2017 | 180.00 million billions of current united states dollars | +80.0% |
| 2018 | 600.00 million billions of current united states dollars | +233.3% |
| 2019 | 470.00 million billions of current united states dollars | -21.7% |
| 2020 | 530.00 million billions of current united states dollars | +12.8% |
| 2021 | 4.94 billion billions of current united states dollars | +832.1% |
| 2022 | 32.58 billion billions of current united states dollars | +559.5% |
| 2023 | 3.90 billion billions of current united states dollars | -88.0% |
| 2024 | 3.36 billion billions of current united states dollars | -13.8% |
Vietnam compared with similar countries
- Vietnam's 3.36 billion billions of current united states dollars is above the median for upper middle income countries, which is 35.00 million billions of current united states dollars, 96.0× the median. (56 countries reporting)
- Vietnam's 3.36 billion billions of current united states dollars is above the median for East Asia & Pacific, which is 10.00 million billions of current united states dollars, 336.0× the median. (31 countries reporting)
Biggest year-on-year movements
Years where Fossil-fuel subsidies in Vietnam changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +832.1% | 530.00 million billions of current united states dollars | 4.94 billion billions of current united states dollars |
| 2022 | +559.5% | 4.94 billion billions of current united states dollars | 32.58 billion billions of current united states dollars |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.58 billion billions of current united states dollars | 80.00 million billions of current united states dollars | 4.96 billion billions of current united states dollars | 10 |
| 2020s | 9.06 billion billions of current united states dollars | 530.00 million billions of current united states dollars | 32.58 billion billions of current united states dollars | 5 |
Countries ranked near Vietnam
- 36 Azerbaijan 4.17 billion billions of current united states dollars compare
- 37 Nigeria 4.09 billion billions of current united states dollars compare
- 38 Ireland 3.88 billion billions of current united states dollars compare
- 40 Angola 3.29 billion billions of current united states dollars compare
- 41 Canada 3.17 billion billions of current united states dollars compare
- 42 Switzerland 2.83 billion billions of current united states dollars compare
More energy & mining data for Vietnam
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, annual growth rate 3.71 % change on previous year (2025)
- Coal consumption, per capita 0 terawatt-hours per person (2025)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per capita 0 terawatt-hours per person (2025)
- Coal production, per capita 0 terawatt-hours per person (2025)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2025)
- Fuel imports 7.9% (2023)
Frequently asked questions
- What is fossil-fuel subsidies in Vietnam?
- Fossil-fuel subsidies in Vietnam was 3.36 billion billions of current united states dollars in 2024, according to United Nations Environment Programme – with minor processing by Our World in Data.
- What is the highest fossil-fuel subsidies recorded in Vietnam?
- The highest recorded value was 32.58 billion billions of current united states dollars in 2022.
- What is the lowest fossil-fuel subsidies recorded in Vietnam?
- The lowest recorded value was 80.00 million billions of current united states dollars in 2015.
- How does Vietnam rank for fossil-fuel subsidies?
- Vietnam ranks 39th out of 189 countries with data for 2024.
- Is fossil-fuel subsidies rising or falling in Vietnam?
- Over the last ten years it is up 197.3%. The long-run trend across the full record is volatile.
- Where does this Vietnam data come from?
- The figures come from United Nations Environment Programme – with minor processing by Our World in Data, published as part of Fossil-fuel subsidies. Statizoid updates them automatically from the source API.
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About this data
Fossil-fuel subsidies (consumption and production) (billions of nominal United States dollars).