Vietnam's coal imports more than double
Traditionally a coal exporter, the country has actively turned to coal imports to meet rising domestic demand, particularly from the power sector.
State-owned Vietnam Electricity, the national power production and distribution company, said October 6 that it added 2,324 MW of electricity generation capacity from new coal-fired power plants during January-September. These power plants consume about 6.6 million mt/year of coal.
The leading suppliers in October comprised Indonesia (306,679 mt, up 134% year on year), China (248,954 mt, surging 742% from 29,579 mt in the same month in 2014), and Russia (129,700 mt, up 61% year on year).
In the first 10 months, Vietnam imported 5.045 million mt of coal, up 100.3% year on year, mainly from Indonesia (1.54 million mt, up 28% year on year), China (1.32 million mt, up 242% year on year), and Australia (921,480 mt, rising 88.3% from January-October last year).
Vietnam, which mainly produces and exports thermal coal, exported 107,528 mt of coal in October, down 78.6% year on year and falling 23.9% from September this year. ■