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.


Da Nang aims to attract ultra-wealthy

A livable city is certainly worth visiting, but a place worth visiting doesn’t mean it is livable. Da Nang City is striving to become a livable city and a destination for the ultra-wealthy.

Fake news, malicious information spread mostly via Google, Facebook

Some foreign companies providing cross-border services to Vietnam are still not preventing malicious information on their platforms.

Ministry proposes cuts to VAT, luxury taxes to help lower petrol prices

The Ministry of Finance (MOF) has submitted to the Prime Minister a plan to reduce the luxury tax and VAT on petroleum products in an effort to curb prices.

'Hop on Hop off' with Tinder Explore this summer

For the first time, young Tinder users joined an iconic double-decker bus ride, “Tinder Explore - Match Your Vibe bus", to explore exciting dating spots in HCM City.

Five local destinations win Asia’s Best Awards

Five Vietnamese destinations were named among the Top 10 leading cities and islands in the Southeast Asian region, as announced by US magazine Travel + Leisure’s Asia’s Best Awards 2022.

Vietnam to export passion fruits to China from July 1

The General Administration of Customs (GAC) of China has just approved the pilot import of Vietnamese passion fruits from July 1, according to the Vietnam Sanitary and Phytosanitary Notification Authority and Enquiry Point (SPS Vietnam).

The Moffatts and 911 schedule Hanoi performance

Some of the world’s leading bands, including The Moffatts and 911, are set to play a concert at Yen So Park-Gamuda Land in Hoang Mai district of Hanoi on August 6.

Transfermarkt names Quang Hai as local player highest market value

Vietnamese midfielder Nguyen Quang Hai has been valued at Є400,000, equal to VND10 billion, and tops the list of Vietnamese footballers with the highest market value, according to renowned German football site Transfermarkt.

Toy figurine making in Xuan La village

Xuan La village in Hanoi’s Phu Xuyen district has long been famous for making To He, a traditional toy made of rice powder. This is the only village in Vietnam that makes the toy figurine

Vietnam opposes and demands Taiwan to cancel live-fire drills on Ba Binh island

Vietnam resolutely opposes and demands Taiwan to cancel live-fire drills in the waters around Ba Binh island belonging to Vietnam’s Truong Sa (Spratly) archipelago and not to repeat similar violations in the future.

Calligraphy book on poet Nguyen Dinh Chieu recognised as world record

WorldKings and Vietkings on July 1 recognised Collection of Nguyen Dinh Chieu’s Poems, a calligraphy book on poet Nguyen Dinh Chieu as the largest calligraphy book in Vietnamese of poet Chieu's poems in the world.

Hanoi market sees strong development in premium offices

Office real estate is thriving, with new Grade A buildings entering the Hanoi market at the end of the year, according to Savills Vietnam.

Vietnam's HDPE pellets not subject to safeguarding duties in Philippines

The Philippine Tariff Commission (TC) has announced the final conclusion on a safeguard investigation on High-Density Polyethylene (HDPE) pellets imported from many countries, including Vietnam.

NA deputy: drug bidding mechanism is unreasonable

Pham Khanh Phong Lan, a National Assembly from HCM City, said the problems in the healthcare sector have existed for a long time but became even clearer during Covid-19.

Vietnam looks forwards to stronger investment from US, Europe

Vietnam is hoping to attract more investment from the US, Europe and major global enterprises under a recently approved strategy on foreign investment cooperation.