Monday, December 23, 2024 9:35:22 PM - Markets closed
VN-INDEX 1,262.76 +5.26/+0.42%
HNX-INDEX 228.51 +1.44/+0.63%
UPCOM-INDEX 93.72 +0.33/+0.35%
Vietnam’s coal consumption to surge in 2025-35
Saigon Times - 8/11/2022 3:02:46 PM
 (0 ratings. You must sign in to rate.)
 Vietnam will ramp up coal imports in the 2025-2035 period as coal consumption is forecast to reach its peak between 2030 and 2035, according to a draft plan for the Vietnamese coal industry development recently released by the Ministry of Industry and Trade.
 
Statistics from the ministry indicated that the domestic consumption of coal surged from 27.8 million tons in 2011 to 53.5 million tons in 2021. Coal is mainly used for power production, the local media reported.
 
The country has only two main coal producers, the Vietnam National Coal and Mineral Industries Group and the Dong Bac Corporation.
 
According to the ministry, the country’s demand for primary energy from coal will increase during the 2030-2035 period, but will gradually decrease as many coal-fired thermal power plants will be shut down after 2035 in line with the country’s energy development roadmap.
 
Vietnam will consume 94-97 million tons of coal in 2025. The figure will spike to 125-127 million tons in 2030 and fall to 73-76 million tons in 2045.
 
Meanwhile, the local coal production will reach a mere 45-47 million tons per year in the 2025-2035 period and descend to 42-44 million tons per year in 2045 due to limited natural resources of coal, poor exploitation of technology and a shortage of workers.
 
As such, Vietnam is expected to import 50-83 million tons of coal each year between 2025 and 2035 and some 44 million tons in 2045.
 
Read original article here
 
Newer News
17/12 HCM City’s retail sales up 11 per cent this year
17/12 Agriculture sector records trade surplus this year
17/12 Vietnam's gaming industry reaching high score in entertainment sector
17/12 Vietnam’s garment-textile exports expected to reach US$44 billion this year
17/12 Vietnam’s e-commerce boom: a US$5.8 bln opportunity by 2028
17/12 E-commerce: a gateway to boost Vietnamese commodities in the UK market
17/12 Retail giants to ensure sufficient supply, steady prices of Tet goods
16/12 Failure of a Chinese giant in a competitive retail market
16/12 Vietnam’s GDP growth poised for robust growth in 2024: officials
13/12 B2C e-commerce market in bloom
Older News
09/08 Việt Nam's economic growth forecast at 7.5 per cent in 2022: World Bank
05/08 Aquatic exports drop below US$1 billion in July
05/08 Rising inflation causing concern for export businesses
01/08 Vietnamese textile industry working on materials traceability for exports
27/07 Ministry projects three economic growth scenarios to 2023
25/07 VASEP wants greater imports of raw seafood materials
25/07 ADB maintains growth forecast for Việt Nam
25/07 Four reasons make Việt Nam an attractive investment destination
15/07 Việt Nam's economy is developing rapidly: expert
12/07 Việt Nam's wood exports decrease as inflation increases
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,262.76 +5.26/+0.42%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.