return icon

Vinacomin considers importing coal from the US

The Viet Nam National Coal and Mineral Industries Group (Vinacomin) and the US-based Xcoal Group said the prospects for importing US coal were positive, the Dau Tu (Investment) newspaper has reported.



Transport of coal at the Cam Pha Port and Logistics Company, a member of Vinacomin. The group plans to import coal from the US to meet increased domestic demand. — Photo


In the short term, Xcoal will focus on promoting suitable US coal imports to Viet Nam, according to reports about a recent meeting between the two groups.

Vinacomin is the leading coal producer and supplier in Viet Nam and is one of three key groups to ensure national energy security. Its coal output is over 40 million tonnes per year.

As the demand for coal for electricity production in Viet Nam has increased strongly, Vinacomin has been importing coal from other markets to blend with domestic coal, supplying thermal electric plants.

Xcoal is involved in coal mine development, financing, and related infrastructure projects, and is actively pursuing investment opportunities in the global coal supply chain. It is headquartered in the US state of Pennsylvania and has branches in 20 countries.

Xcoal is a coal supplier for many countries, including, India, Japan, China, South Korea, Europe and the Americas.

In the first seven months of the year, Vinacomin produced 24.5 million tonnes of coal, up 1.5 million tonnes over the same period last year.

Coal consumption in the first seven months reached 26.6 million tonnes, including 21.4 million tonnes for electricity production, up by 18 per cent year on year.

Vinacomin's total revenue during the first seven month reached about VND80 trillion (US$3.4 billion), an increase of 6.3 per cent year on year, including VND45.6 trillion from coal, up by 16 per cent.

In the first half of this year, the Vinacomin Coal Import Export Joint Stock Company (Coalimex), which is in charge of importing coal for Vinacomin, imported about 1.23 million tonnes of coal with total value of $84.1 million.

However, Coalimex has also faced many difficulties, including poor infrastructure and logistics for coal import activities, while demand for imported coal has increased as well as diversification of types of international transport ships.

In the first six months, Viet Nam imported 20.3 million tonnes of coal with total value of $2 billion. — VNS


Thermopower plants in coal mining area hungry for coal

Thermopower plants in coal mining area hungry for coal

Many thermopower and cement plants in Hai Phong and Quang Ninh do not have enough coal to operate.

Half of Vietnam's coal imports come from Indonesia

Half of Vietnam's coal imports come from Indonesia

In 2018, the total amount coal imported by Vietnam was 22.86 million, of which around 50% came from Indonesia with an amount of 11.16 million tons, said Indonesian Ambassador to Vietnam Ibnu Hadi at a business forum last week.



80 percent of real estate trading floors reopen

Hanoi supermodel wins Miss Universe Vietnam 2022

Supermodel Bui Quynh Hoa beat tens of other contestants to be named the winner of Miss Universe Vietnam 2022 at a gala night in Ho Chi Minh City on May 28 evening.


PM attends Fruit and OCOP Product Festival in Son La

Integrated port planning needs new vision

Apart from the Cat Lai Terminal in HCMC, surrounding ports will soon become overwhelmed as trade, container traffic and port calls by bigger ships have been forecast to rise. The planning of integrated ports is an urgent solution to this issue.

Pigeon racing takes wing in HCM City

Pigeon racing has emerged as a hobby of many HCM City residents for more than a decade.

Grandmaster couple shine in SEA Games

Nguyen Ngoc Truong Son and Pham Le Thao Nguyen are national chess teammates. They are the first couple winning at the same time in the 31st SEA Games after grabbing two golds each for Vietnam.

Vietnamese textile-garment industry strong but not stable

It is worrisome that the development structure of enterprises in the textile and garment industry is unbalanced, with garment enterprises accounting for the majority and those producing raw materials being very few.

Nurturing life for sea – preserve sea coral

Members of the PADI Vietnam diving team name the coral culture trips ‘Planting a branch of coral - giving it to future generations'. Their acts - the first seeds have been sown in the seabed - will hopefully further be followed by others.

Press agencies should collect user data instead of relying on digital platforms

Newspapers need to collect reader data to produce articles and personalize content rather than depend too heavily on digital platforms, said Nhan Dan (People) Editor-in-Chief Le Quoc Minh.

New generation FTAs fuel US$750 billion trade hope in 2022

Vietnam has signed 15 free trade agreements (FTAs), including several new generation FTAs, a move which is anticipated to create a breakthrough in trade and produce a large trade surplus in the year ahead.

Vietnamese firms’ outbound investment doubles in five months

Vietnamese enterprises poured over US$293 million into their new projects abroad over the past five months, double the investment made in the same period last year, according to statistics of the Ministry of Planning and Investment.

It’s time to promote the development of REITs: association

Vietnam needs to improve the legal framework to promote the development of real estate investment trusts (REITs) to add capital to the property market while bank credit and corporate bond issuance were being tightened.

How much can doctoral degree holders earn in Vietnam?

A monthly income of VND8 million revealed by a lecturer at the Hanoi National University has stirred up the public.

Joining world logistics passport to facilitate VN's trade

Joining the world logistics passport (WLP) initiative could help enterprises reduce logistics costs and increase competitiveness for exports.

Vietnamese female director’s film project invited to Cannes Film Festival

Tam van phong dao (Knife Throwing Board ) of female director Nguyen Phan Linh Dan is the only developing film project from Southeast Asia invited to attend La Fabrique at the 2022 Cannes Film Festival scheduled to take place from 17 to 28 May 2022.