Vietnam coal imports jump 50%
Vietnam has spent around $2.6 billion on importing 36.5 million tons of coal in the first seven months of this year, up 50 percent in volume year-on-year.
In July alone, the country imported five million tons of the product worth $294 million, mostly from Indonesia, Russia and China, according to Vietnam Customs.
Vietnam also exported more than 410,800 tons of coal worth $57 million between January and July.
The country has been importing increasing amounts of coal in recent years as demand from thermal power plants increases and domestic production is mired in difficulties, requiring deeper pits to reach the mineral. It became a coal importer from being a net exporter just five years ago.
Though the government has been trying to reduce its reliance on coal, encouraging solar and wind power plants, thermal power plants accounted for 36.1 percent of the electricity generated last year, according to the Vietnam Energy Association.
Vietnam is expected to import 12 million tons of coal this year, 30 million tons in 2025 and 50 million tons in 2030 to fuel its thermal power plants, senior officials of the state-owned coal mining group Vinacomin said earlier this year.
Want to obtain more information?
Info If you want to get detailed information to know who the companies have been involved; analyze the monthly behavior of the products; if you want personalized assistance for your business; You can write to email@example.com or firstname.lastname@example.org
Our team will be at your disposal to determine the best strategy for your business!
If you want to analyze a particular product for more than 50 countries; Check your example for free at http://search.imexdbusiness.com/