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Indonesia firm to build coal port in Vietnam

Indonesia’s PT. Intra Asia Corpora has signed a memorandum of understanding (MoU) with Vietnam’s Hong Phat Coal and Resources Company to build a coal port in southern Vietnam.
Indonesia firm to build coal port in Vietnam ảnh 1Coal is prepared for shipment at a port in Indonesia. (Photo: thejakartapost.com)
Hanoi (VNS/VNA) - Indonesia’sPT. Intra Asia Corpora has signed a memorandum of understanding (MoU) with Vietnam’sHong Phat Coal and Resources Company to build a coal port in southern Vietnam.

“The port will especially be used for cargo andlogistics that will serve exports and imports between Indonesia and Vietnam,particularly coal,” Intra Asia Indonesia commissioner Lutfi Ismail said onthe jakartapost.com.

The port, worth 1 billion USD, is designed tohave a capacity of 15-20 million tonnes of coal per year and will help cutlogistics costs for importing coal from Indonesia. Hence, it will facilitatethe sustainable development of coal exports from Indonesia to Vietnam andsupply fuel to coal power plants in Vietnam.

Indonesia’s Central Statistics Agency recordedthat trade between Indonesia and Vietnam reached 6.3 billion USD last year,while Indonesia suffered a 182.9 million USD deficit.

This year, Indonesia is targeting to export 4.5million tonnes of coal to Vietnam, Lutfi added.-VNA
VNA
#Indonesia #Vietnam #coal port #MoU #logistics #sustainable development #coal exports #coal power plant #vietnamplus #Vietnam News updated #Vietnam News Agency Indonesia Vietnam
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