Vietnam’s Ministry of Industry and Trade said it will import 26 million tons of coal next year for its coal-fired power plants, according to Vietnam Net Global. Power production for Vietnam in 2024 is expected to require 74.3 million tons of coal, but domestic suppliers could meet 65% of the volume.
The ministry’s power supply plan mandates thermal power plant investors arrange sufficient coal supplies for power generation. Power plant operators are told to regularly update electricity supply plans for national power system operations. This proactive approach is an effort to minimize the risk of power shortages.
Vietnam National Coal and Mineral Industries Group, DongBac Corp., and other coal suppliers have been entrusted with the task of proactively boosting production, importation, and processing to ensure a consistent and sufficient supply of coal for power production in 2024 and beyond.