Vietnam Country Analysis Brief, 2011

"Over the course of two decades Vietnam emerged as an important oil and natural gas producer in Southeast Asia. Vietnam has boosted exploration activities, allowed far greater foreign company investment and cooperation in the oil and gas sectors, and introduced market reforms to support the energy industry. These measures have helped to increase oil and gas production, but the country's rapid economic growth, industrialization, and export market expansion have spurred domestic energy consumption. The country's real gross domestic product (GDP), grew by an average of 7.2 percent per year in the last decade..."