Deep Cultural Understanding
We help you connect with Vietnam's diverse cultures by navigating local habits, values, and unspoken norms. This ensures your strategy aligns with local expectations, building trust and fostering sustainable results.
Vietnam Oil & Gas Consulting
With deep expertise in Vietnam Oil & Gas Consulting, our firm helps clients thrive in Vietnam's competitive market. Offering a wide range of services and hands-on support, our global reach and decades of experience enable strategic growth and operational excellence tailored to the industry's demands.
Vietnam Macroeconomic Overview
Vietnam’s oil and gas sector contributes meaningfully to the national economy, with PV GAS alone generating revenue equivalent to approximately 1.1 % of GDP in 2025 (≈ 135 thousand billion VND). Energy industry output, including gas and electricity, remains a key component of broader industrial activity in the country.
Upstream operations accounted for about 74.25 % of Vietnam’s oil and gas market in 2025 and are projected to grow at around 5.38 % annually through 2031. Offshore activities represented 57.02 % of the market share in 2025 and are expected to expand at roughly 5.44 % CAGR through 2031.
In the first half of 2026, revenue from crude oil was reported at 31.1 trillion VND, marking a year-on-year increase of around 26 %. That strong growth underscores the sector’s ongoing contribution to fiscal stability and investment in energy infrastructure.
PV GAS revenue is projected to reach
1.1%
Source: PV GAS
Our Oil & Gas Expertise in Vietnam
In Vietnam's dynamic Oil & Gas landscape, burgeoning opportunities and challenges persist. With sectors like exploration, production, refining, petrochemicals, and LNG, companies must navigate stringent regulations. Our Vietnam Oil & Gas Consulting offers insights and strategies tailored to this diverse sector landscape, ensuring clients excel in their ventures.
Key trends such as digital transformation, sustainable practices, and enhanced safety standards are shaping Vietnam's Oil & Gas sector. Other areas include downstream, midstream, upstream, storage, distribution, and trading. Our expertise in these trends positions us as leaders in guiding firms toward innovation and compliance.
From seismic data processing to energy transition initiatives, our comprehensive consulting services cover sectors like equipment supply, offshore services, oilfield services, and pipeline transportation. We ensure clients are equipped to optimize efficiencies and maximize growth potentials in Vietnam's competitive oil & gas market.
Our Proven Local Know How
Data-Driven Market Intelligence
Our actionable intelligence, powered by real-time market monitoring and insights from your ecosystem, enables you to make informed decisions, seize emerging opportunities, and mitigate risks in Vietnam's dynamic markets.
Authentic Local Insights
Through direct engagement with key stakeholders, we provide you with nuanced perspectives that reveal the “why” behind market behaviors, helping you design tailored solutions that drive meaningful results.
Turn Oil & Gas Insight into Stronger Decisions in Vietnam
Validate opportunities, manage risk, and allocate capital with greater confidence through current market evidence and practical strategic advice.
How We Help
Our company has successfully supported various Oil & Gas projects by providing market research, competitive analysis, and strategic guidance to help businesses succeed.
Market Research
We offers comprehensive Oil & Gas market research, delivering valuable insights and actionable recommendations in Vietnam to enable businesses to make well-informed decisions and achieve long-term success in the industry.
Strategic Planning
We offers comprehensive Oil & Gas Strategic Planning services in Vietnam, providing tailored frameworks and actionable strategies to help businesses achieve their goals and sustain growth in a competitive environment.
Market Entry
We delivers expert Oil & Gas Market Entry Strategy solutions in Vietnam, offering valuable insights and effective approaches that empower businesses to successfully penetrate new markets and secure a competitive edge.
Mergers and Acquisitions
We provides in-depth Oil & Gas Merger and Acquisitions advisory in Vietnam, guiding businesses with expert recommendations to navigate complex transactions, unlock synergies, and maximize shareholder value.
Value Chain Analysis
We specializes in Oil & Gas Value Chain Analysis in Vietnam, delivering actionable insights that optimize operational efficiency, enhance profitability, and drive strategic decision-making for businesses across industries.
Competitive Benchmarking
We offers thorough Oil & Gas Competitive Benchmarking services in Vietnam, helping businesses identify key performance gaps, uncover market opportunities, and build stronger competitive strategies.
Distribution & Strategic Partnership
We delivers expert Oil & Gas Distribution and Strategic Partnership solutions in Vietnam, enabling businesses to establish effective networks, foster collaborative relationships, and achieve long-term market success.
Consumer Behavior Analysis
We provides advanced Oil & Gas Consumer Behavior Analysis services in Vietnam, offering actionable insights into consumer preferences and trends to help businesses refine their strategies and enhance customer satisfaction.
Our Experts
Establish industry dominance with our experts and partners
Damien Duhamel
Managing Partner
Market Research, Strategy & Market Expansion
Mickael Feige
Partner
Market Research, Market Entry & Growth Strategy
Damien Duhamel
Managing Partner
Market Research, Strategy & Market Expansion
Mickael Feige
Partner
Market Research, Market Entry & Growth Strategy
Our Presence in Media & Events
SOUTH CHINA MORNING POST
South China Morning Post featured Damien Duhamel, Managing Partner at Eurogroup Consulting, sharing his perspective on how Chinese EV competition could reshape Malaysia's automotive industry and the wider regional market.
TRANSPORT LOGISTIC SEA 2025
At Transport Logistic Southeast Asia 2025, Mickael Feige, Partner at Eurogroup Consulting, moderated a fireside chat on building seamless, smart and sustainable supply chains for the new global economy.
BUSINESS INSIDER
Damien Duhamel shared his perspective with Business Insider on the factors shaping innovation across Asia's leading cities, from human talent and technology to governance and global integration.
Our Publications
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Senior Living in Thailand
Thailand’s ageing transition is creating a real but selective senior living opportunity. The paper examines investable demand, scalable business models and the constraints still limiting market growth.
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Rising Tides in the East
Southeast Asia is emerging as a key advanced manufacturing hub. The white paper examines the capabilities, technologies and opportunities reshaping the region’s industrial landscape.
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Future Asean Sustainable Cities
Southeast Asia’s cities are transforming through rapid urbanisation and sustainability. It explores the trends shaping greener, more resilient and inclusive urban development.
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The New Asean Consumer
ASEAN’s consumer landscape is evolving with rising incomes, digitalisation and changing expectations. The report highlights the trends reshaping how businesses engage and grow across the region.
Case Studies
Risk Management Framework Development
Vietnam state-owned oil enterprise — operating in multiple offshore sites
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Challenge
The client faced significant challenges in managing operational risks due to expanding offshore activities. The lack of a standardized risk management framework led to inconsistent safety measures. This increased the likelihood of costly incidents and compliance issues.
Our Intervention
A tailored risk management framework was developed, focusing on consistent application across all divisions. Our team facilitated workshops to train key personnel and ensure alignment with international safety standards. Regular reviews and updates were scheduled to maintain framework efficacy.
Key Recommendations
We recommended implementing a standardized risk assessment protocol and continuous incident monitoring. Additionally, periodic training was advised to keep staff updated on best practices. Regular audits were also suggested to ensure ongoing compliance with regulatory standards.
Projected Business Impact
Operational risks were reduced by 30% within the first year, demonstrating improved safety outcomes. Incident reporting consistency increased by 50%, establishing a stronger safety culture. Compliance levels with international regulations improved substantially across all sites.
Supply Chain Optimization in Exploration Operations
Vietnam national oil corporation — exploration operations across Southeast Asia
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Challenge
The client experienced inefficiencies and elevated costs due to a fragmented supply chain in their exploration sector. Delays and communication breakdowns were common, impacting project timelines. This hindered the ability to compete effectively in international markets.
Our Intervention
Our intervention involved a comprehensive audit to identify inefficiencies and develop an integrated supply chain management system. Stakeholder workshops promoted collaboration and process alignment. Continuous monitoring was set up to track progress against key performance indicators.
Key Recommendations
We suggested adopting a digital supply chain management platform to enhance transparency and efficiency. Improved vendor relationship management processes were also recommended. Regular performance reviews were advised to adapt rapidly to market changes and optimize operations.
Projected Business Impact
Supply chain efficiency improved by 25%, reducing project delays significantly. Cost savings of approximately 15% were achieved within the first year, enhancing competitive positioning. The digital platform adoption accelerated decision-making and response times across operations.
Enhanced Drilling Operations Efficiency
Vietnam energy conglomerate — multiple offshore drilling rigs
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Challenge
The client needed to enhance the efficiency and cost-effectiveness of drilling operations to meet rising demand. Equipment downtime and suboptimal drilling schedules were contributing to increased operational costs. Competitiveness was threatened by these inefficiencies.
Our Intervention
We conducted a thorough analysis of drilling processes and equipment performance metrics. Advanced analytics were implemented to optimize scheduling and maintenance activities. Collaborative workshops engaged engineering teams to share insights and best practices.
Key Recommendations
Implementing predictive maintenance strategies and real-time monitoring tools was recommended to minimize downtime. A robust operations feedback loop was also advised to continuously refine drilling procedures. Adoption of artificial intelligence tools was suggested for better resource allocation.
Projected Business Impact
Drilling efficiency improved by 20% within the first operational quarter, significantly reducing costs. Maintenance-related downtime decreased by 35%, enhancing operational capacity. Predictive analytics tools enabled more strategic resource deployment, leading to sustained improvements.
Our Clients
Trusted by clients for long-term collaboration. Selected organizations our teams have supported globally and across Vietnam.
Frequently Asked Questions
What is a market study in Vietnam's oil and gas sector? +
A market study in Vietnam's oil and gas sector involves assessing demand and supply dynamics, regulatory environment, and industry trends. It includes analyzing production capacities, import and export statistics, and consumption patterns. This study helps identify opportunities and threats for businesses looking to enter or expand in Vietnam's energy market.
Why conduct a feasibility study before entering Vietnam? +
Conducting a feasibility study before entering Vietnam's oil and gas market is crucial for understanding potential risks and returns. This involves evaluating economic, technical, and legal aspects, including resource availability, cost estimation, regulatory compliance, and infrastructure needs. The study provides insights to make informed investment decisions.
How is market size assessed in Vietnam's oil industry? +
Market size in Vietnam's oil industry is assessed by analyzing production outputs, consumption rates, and import-export data. Analysts also consider factors like economic growth, technological advancements, and policy changes impacting the sector. This comprehensive analysis helps determine the current and potential market scope for strategic planning.
How is competitive analysis conducted in Vietnam's energy sector? +
Competitive analysis in Vietnam's energy sector involves benchmarking against key industry players, evaluating market share, and analyzing competitive strategies. This includes reviewing product offerings, pricing, marketing tactics, and operational efficiencies. Such analysis helps businesses understand their position and develop strategies to enhance competitiveness.
What does a regulatory review entail in Vietnam's oil sector? +
A regulatory review in Vietnam's oil sector involves examining the legal and environmental regulations impacting operations. It includes compliance checks, understanding permits and licensing requirements, and reviewing health and safety standards. This ensures alignment with local laws and helps in navigating the complexities of Vietnam's regulatory landscape.
CONTACT US
Speak to advisors that have experience in the Vietnam Oil & Gas market
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