Vietnam, a key importer of Indonesian coal, imported 2.49 billion USD worth in 2024. Coal remains Vietnam’s largest import from Indonesia, contributing significantly to the 4.34 billion USD in total imports from the country
Indonesia’s non-oil and gas exports to the five major BRICS nations reached 84.37 billion USD in 2024, accounting for nearly 34% of the country’s total non-oil and gas export value, according to the country’s Central Statistics Agency (BPS).
The demand for coal is projected to rise sharply this month, particularly for power plants, given lower rainfall and increased production to prepare for the upcoming Lunar New Year celebration.
The Vietnam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin) aims to sell 50 million tonnes of coal and generate 172.8 trillion VND (6.78 billion USD) in revenue in 2025.
Prime Minister Pham Minh Chinh and visiting Mozambican President Filipe Jacinto Nyusi on September 9 discussed and agreed on specific measures to further promote cooperation between the two countries.
Minister of Industry and Trade Nguyen Hong Dien chaired a working session with energy and mineral enterprises in Hanoi on August 27 to discuss the promotion of coal trading with Laos.
Prime Minister Pham Minh Chinh on July 30 ordered prompt actions from relevant units to deal with the consequences of a serious accident that happened at a coal mine in the northern province of Quang Ninh.
Indonesia's National Mining Industry Association (IMA) has said domestic producers may fall short of this year's coal output target with an ongoing oversupply in the global market.
The development strategy of the coal industry to 2030 with a vision to 2045 has been approved by Deputy Prime Minister Tran Hong Ha in Decision No 55/QD-TTg, under which coal output is expected to be between 45 and 50 million tonnes by 2030, and between 38 and 40 million tonnes in 2031-2045.
The Indonesian Energy and Mineral Resources Ministry has begun studies to map the potential of rare earth minerals in domestic coal and is also considering other ways to increase the value derived from the commodity beyond its use as a power plant feedstock.
Minister of Industry and Trade Nguyen Hong Dien has asked stakeholders to speed up progress, complete procedures for importing electricity and coal, and build new transmission lines from Laos to Vietnam.
Green transition in the energy sector is a key trend in the world and is one of Vietnam’s current top priorities. Vietnam is among countries with great potential to invest in new renewable energy sources such as solar, wind and ocean wave power, and biogas.
The volume of coal imported through the northern province of Quang Ninh had accounted for 70% of the country’s total imported coal volume as of mid-August, according to Tran Quang Trung, Vice Director of the Quang Ninh Sub-Department of Customs.
Cao Son Coal Joint Stock Company under Vietnam National Coal and Mineral Industries Group (Vinacomin) has launched a project to restore, expand and increase the capacity of Cao Son coal mine in Cam Pha city in the northeastern province of Quang Ninh.
The Vietnam National Coal - Mineral Industries Group (Vinacomin) will supply about 18.7 million tonnes of coal to thermal power plants in the second half of this year, according to General Director Dang Thanh Hai.
The northern region is facing a high risk of serious electricity shortage this summer due to rising demands and low output of hydropower plants as a result of unfavourable weather conditions, according to the Vietnam Electricity (EVN).
The Minister of Industry and Trade has recently asked the trio of power giants to keep the supply of coal stable at all costs in 2023 as the mineral is essential for power generation and fertiliser production.
