coal

Update news coal

In the first seven months of this year, Vietnam spent over $5 billion to import coal for thermal power plants, up 123 per cent on-year.

Coal reserves running out, VN to import coal to generate electricity

Domestic coal production is mainly used for electricity production. In 2019, domestic coal for power generation accounted for 76% of total coal output.

Coal shortages puts thermal power plants at risk

Vietnam Electricity (EVN) has said that the amount of coal supplied to its thermal power plants (TPP) fell short of the contractual amounts, putting them at risk.

Vinacomin’s subsidiaries put under special control after incurring losses

The Ministry of Finance (MOF) has released a report on the production, business, finance and investment of the Vinacomin holding company.

Coal conundrum ahead forces Vietnam to rethink priorities

While the pressure on the environment and issues like climate change are increasing, it remains difficult for Vietnamese companies and the government to turn away from fossil fuels completely.

Hanoi vows to remove deadly stoves by 2020

Hanoi authorities have taken more drastic actions to end the use of beehive-shaped coal stoves by 2020 as part of measures to improve air quality and living conditions.

Coal piles up as VN firms prefer imports

According to statistics from the General Customs Department, as of December 15 Viet Nam had imported a total 13 million tonnes of coal worth US$860 million during the year, more than four times the targeted 3 million tonnes.

Enterprises want to import coal to generate electricity

VietNamNet Bridge - Formosa Ha Tinh and Vedan Vietnam have asked for permission to import coal instead of doing it through Vinacomin, the nation’s biggest coal miner.

Vietnam’s coal remains unsold, while coal imports increase sharply

VietNamNet Bridge - While customs agencies reported a sharp increase in coal imports, the Vietnam Coal and Mineral Industries Group (Vinacomin) reported a high inventory level of 10 million tons.

Vietnam lacks coal for thermal power plants, but coal exports continue

VietNamNet Bridge - The Ministry of Industry and Trade (MOIT) has asked for the government’s permission for the export of lump coal and dust coal in the 2016-2020 period.

Scientists doubtful about Red River coal basin feasibility

VietNamNet Bridge -  Vietnam can exploit coal on the Red River basin on a trial basis with UCG technology (underground coal gasification), and If it is not successful, it should forget about the coal basin, scientists say.

Coal mining industry controlled by groups

Vietnam is expected to have 3.5 million surplus tons of coal in 2015 and 2 million tons in 2016, which it would export for dollars. 

Vinacomin can’t find coal buyers as buyers shun contracts

VietNamNet Bridge – The Vietnam Coal and Mineral Industries (Vinacomin) Group plans to sell 35 million tons of coal domestically, but its most loyal customers are hesitant to sign contracts.

BUSINESS IN BRIEF 14/6

Middle East, Africa potential untapped; Wood exports on track for $10b goal; Coal sector eyes domestic market, lowers exports

BUSINESS IN BRIEF 28/3

Sea freight charges to rise next month; Corruption makes for expensive projects; Rice exports reach 1.31 million tonnes in Q1; Russian aviation firm launches office in Vietnam; ODA disbursement on the rise in Q1

Using coal to warm themselves, three people died

 VietNamNet Bridge - Three people in a family of five in Nguyen Binh commune, Tinh Gia district in the central province of Thanh Hoa died of asphyxiation by burning coal to warm themselves at home.

Wagon overturns, three miners die

 VietNamNet Bridge – The wagon carrying workers in a coal mine in Quang Ninh province suddenly derailed, claiming the lives of three miners of the Vang Danh Coal Company on Sunday, November 24.

BUSINESS IN BRIEF 5/9

 Manufacturing sector moves closer to stabilization: HSBC; Export tax on coal drops to 10%; Export tax on coal drops to 10%; More state-owned enterprises find salary payment violations

BUSINESS IN BRIEF 24/8

 CPI to increase by 6.77% in 2013; Petrol prices slightly decrease; Plastic material import tax hike from 2014; VietinBank gets approval to expand; Smartlink cards increase coverage

Bai Tu Long bay dying amid local authorities’ indifference

Bai Tu Long, a wonderful beautiful landscape in Ha Long Bay – a world natural heritage area, has been seriously polluted. Meanwhile, the local authorities still turn a deaf ear to the problem.