Update news coal
Domestic coal production is mainly used for electricity production. In 2019, domestic coal for power generation accounted for 76% of total coal output.
The Ministry of Finance (MOF) has released a report on the production, business, finance and investment of the Vinacomin holding company.
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.
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.
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.
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.
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.
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.