The addition of coal-fired powerplants will keep gas demand for power in Vietnam flat until 2023. Power accounts for 67% of the country's gas demand. From 2024 onwards, gas demand for power is expected to grow at whopping 11.3% y-o-y, on average. However, Vietnam's gas market is supply constrained and risks gas shortages over the next few years. The development of Blocks B&52, in Southwest Vietnam, will only materialize later in the decade. In the Southeast region, LNG will help offset domestic gas production decline. In Central Vietnam, far from the gas demand centres, two large gas discoveries, Ca Voi Xhan and Ken Bau, are the most significant gas discoveries in the country. This report presents Wood Mackenzie's view of Vietnam's gas market including our latest supply-demand balance, policy and regulation, gas infrastructure, market structure and gas prices.