Vietnam’s Ministry of Industry and Trade announced that the Vietnam National Coal Mineral Industries Corporation (Vinacomin), the country’s state-owned coal miner, will boost production to meet rising demand. The Ministry had warned earlier this year of potential electricity shortages due to tight coal supplies.
Dang Thanh Hai, CEO of Vinacomin, said: “Domestic demand for coal is at high levels, especially coal for power generation during the hot months of summer.”
Vinacomin produced 14.9 million tonnes of coal in the first four months of 2022, up 10 per cent from the same period last year. The Ministry said that Vinacomin aimed to produce 4 million tonnes in May.
Vietnam plans to raise its annual coal imports to 46.5 million tonnes by 2025 and to 123.7 million tonnes by 2045, up from 36 million tonnes in 2021.